EMI: ₹48,267/month at 9%. Min income: ₹96,534/month.
A ₹30 Lakh education loan from HDFC Bank at 9% interest for 7 years will cost you ₹48,267 per month as EMI. You will pay a total interest of ₹10,54,428 over the loan tenure. The minimum monthly income needed is ₹96,534 (assuming no existing EMIs).
HDFC Bank Education Loan EMI for ₹30 Lakh at 9% for 7 years is ₹48,267 per month.
You need a minimum monthly income of ₹96,534 for a ₹30 Lakh education loan from HDFC Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹30 Lakh education loan from HDFC Bank at 9% for 7 years is ₹10,54,428.
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.