EMI: ₹16,089/month at 9%. Min income: ₹32,178/month.
A ₹10 Lakh education loan from HDFC Bank at 9% interest for 7 years will cost you ₹16,089 per month as EMI. You will pay a total interest of ₹3,51,476 over the loan tenure. The minimum monthly income needed is ₹32,178 (assuming no existing EMIs).
HDFC Bank Education Loan EMI for ₹10 Lakh at 9% for 7 years is ₹16,089 per month.
You need a minimum monthly income of ₹32,178 for a ₹10 Lakh education loan from HDFC Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh education loan from HDFC Bank at 9% for 7 years is ₹3,51,476.
HDFC Bank charges a processing fee of Up to 1.50% + GST for Education Loan.
HDFC Bank Education Loan prepayment policy: Nil for education loans.