Check your IDFC First Bank education loan eligibility. Rate: 10.50 - 14.00% p.a. Max amount: ₹50 L.
IDFC First Bank offers education loan at an interest rate of 10.50 - 14.00% p.a. with a maximum tenure of 10 years. The maximum loan amount is ₹50 L with a minimum monthly income requirement of ₹15,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹5 Lakh | ₹8,430 | ₹2,08,120 | ₹16,860/mo |
| ₹7 Lakh | ₹11,802 | ₹2,91,368 | ₹23,604/mo |
| ₹10 Lakh | ₹16,861 | ₹4,16,324 | ₹33,722/mo |
| ₹15 Lakh | ₹25,291 | ₹6,24,444 | ₹50,582/mo |
| ₹20 Lakh | ₹33,721 | ₹8,32,564 | ₹67,442/mo |
| ₹25 Lakh | ₹42,152 | ₹10,40,768 | ₹84,304/mo |
| ₹30 Lakh | ₹50,582 | ₹12,48,888 | ₹1,01,164/mo |
| ₹40 Lakh | ₹67,443 | ₹16,65,212 | ₹1,34,886/mo |
IDFC First Bank Education Loan interest rate ranges from 10.50 - 14.00% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
IDFC First Bank offers a maximum education loan of ₹50 L with a tenure of up to 10 years.
The processing fee for IDFC First Bank Education Loan is 1% + GST.
IDFC First Bank Education Loan prepayment policy: Nil.
The minimum monthly income required is ₹15,000. Use the calculator above to check your exact eligibility based on your income.