EMI: ₹64,356/month at 9%. Min income: ₹1,28,712/month.
A ₹40 Lakh education loan from HDFC Bank at 9% interest for 7 years will cost you ₹64,356 per month as EMI. You will pay a total interest of ₹14,05,904 over the loan tenure. The minimum monthly income needed is ₹1,28,712 (assuming no existing EMIs).
HDFC Bank Education Loan EMI for ₹40 Lakh at 9% for 7 years is ₹64,356 per month.
You need a minimum monthly income of ₹1,28,712 for a ₹40 Lakh education loan from HDFC Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹40 Lakh education loan from HDFC Bank at 9% for 7 years is ₹14,05,904.
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.