EMI: ₹41,309/month at 9.85%. Min income: ₹82,618/month.
A ₹25 Lakh education loan from Federal Bank at 9.85% interest for 7 years will cost you ₹41,309 per month as EMI. You will pay a total interest of ₹9,69,956 over the loan tenure. The minimum monthly income needed is ₹82,618 (assuming no existing EMIs).
Federal Bank Education Loan EMI for ₹25 Lakh at 9.85% for 7 years is ₹41,309 per month.
You need a minimum monthly income of ₹82,618 for a ₹25 Lakh education loan from Federal Bank (at 9.85% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh education loan from Federal Bank at 9.85% for 7 years is ₹9,69,956.
Federal Bank charges a processing fee of 0.50% + GST for Education Loan.
Federal Bank Education Loan prepayment policy: Nil.