EMI: ₹32,178/month at 9%. Min income: ₹64,356/month.
A ₹20 Lakh education loan from HDFC Bank at 9% interest for 7 years will cost you ₹32,178 per month as EMI. You will pay a total interest of ₹7,02,952 over the loan tenure. The minimum monthly income needed is ₹64,356 (assuming no existing EMIs).
HDFC Bank Education Loan EMI for ₹20 Lakh at 9% for 7 years is ₹32,178 per month.
You need a minimum monthly income of ₹64,356 for a ₹20 Lakh education loan from HDFC Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹20 Lakh education loan from HDFC Bank at 9% for 7 years is ₹7,02,952.
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.