EMI: ₹40,223/month at 9%. Min income: ₹80,446/month.
A ₹25 Lakh education loan from HDFC Bank at 9% interest for 7 years will cost you ₹40,223 per month as EMI. You will pay a total interest of ₹8,78,732 over the loan tenure. The minimum monthly income needed is ₹80,446 (assuming no existing EMIs).
HDFC Bank Education Loan EMI for ₹25 Lakh at 9% for 7 years is ₹40,223 per month.
You need a minimum monthly income of ₹80,446 for a ₹25 Lakh education loan from HDFC Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh education loan from HDFC Bank at 9% for 7 years is ₹8,78,732.
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.