EMI: ₹16,861/month at 10.5%. Min income: ₹33,722/month.
A ₹10 Lakh education loan from IDFC First Bank at 10.5% interest for 7 years will cost you ₹16,861 per month as EMI. You will pay a total interest of ₹4,16,324 over the loan tenure. The minimum monthly income needed is ₹33,722 (assuming no existing EMIs).
IDFC First Bank Education Loan EMI for ₹10 Lakh at 10.5% for 7 years is ₹16,861 per month.
You need a minimum monthly income of ₹33,722 for a ₹10 Lakh education loan from IDFC First Bank (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹10 Lakh education loan from IDFC First Bank at 10.5% for 7 years is ₹4,16,324.
IDFC First Bank charges a processing fee of 1% + GST for Education Loan.
IDFC First Bank Education Loan prepayment policy: Nil.