EMI: ₹25,291/month at 10.5%. Min income: ₹50,582/month.
A ₹15 Lakh education loan from IDFC First Bank at 10.5% interest for 7 years will cost you ₹25,291 per month as EMI. You will pay a total interest of ₹6,24,444 over the loan tenure. The minimum monthly income needed is ₹50,582 (assuming no existing EMIs).
IDFC First Bank Education Loan EMI for ₹15 Lakh at 10.5% for 7 years is ₹25,291 per month.
You need a minimum monthly income of ₹50,582 for a ₹15 Lakh education loan from IDFC First Bank (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh education loan from IDFC First Bank at 10.5% for 7 years is ₹6,24,444.
IDFC First Bank charges a processing fee of 1% + GST for Education Loan.
IDFC First Bank Education Loan prepayment policy: Nil.