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PNB Education Loan for ₹5 Lakh

EMI: ₹7,818/month at 8.1%. Min income: ₹15,035/month.

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Your Details
Income Details
₹
₹
Loan Parameters
%
2
Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
₹ 0
Existing EMIs
₹ 0
0%
New Loan EMI
₹ 0
0%
Remaining Income
₹ 0
0%

PNB Education Loan for ₹5 Lakh - Key Details

Interest Rate
8.1% p.a.
Monthly EMI
₹7,818
Total Interest
₹1,56,712
Total Payment
₹6,56,712
Min Income Required
₹15,035/mo
Processing Fee
Nil

A ₹5 Lakh education loan from PNB at 8.1% interest for 7 years will cost you ₹7,818 per month as EMI. You will pay a total interest of ₹1,56,712 over the loan tenure. The minimum monthly income needed is ₹15,035 (assuming no existing EMIs).

Frequently Asked Questions

What is PNB education loan EMI for ₹5 Lakh?

PNB Education Loan EMI for ₹5 Lakh at 8.1% for 7 years is ₹7,818 per month.

What income do I need for ₹5 Lakh education loan from PNB?

You need a minimum monthly income of ₹15,035 for a ₹5 Lakh education loan from PNB (at 8.1% rate, assuming no existing EMIs).

What is the total interest on ₹5 Lakh education loan from PNB?

The total interest payable on ₹5 Lakh education loan from PNB at 8.1% for 7 years is ₹1,56,712.

What is PNB's processing fee for ₹5 Lakh education loan?

PNB charges a processing fee of Nil for Education Loan.

Can I prepay my PNB education loan?

PNB Education Loan prepayment policy: Nil.

₹5 Lakh Education Loan from Other Banks

SBIFrom 8.15 - 10.70%HDFC BankFrom 9.00 - 13.68%ICICI BankFrom 9.25 - 13.00%Axis BankFrom 9.70 - 13.70%Kotak Mahindra BankFrom 10.00 - 16.00%Bank of BarodaFrom 7.95 - 10.45%Canara BankFrom 8.00 - 10.75%Union BankFrom 8.05 - 10.60%Indian BankFrom 8.00 - 10.30%IDBI BankFrom 8.25 - 11.25%

Other PNB Education Loan Amounts

₹7 LakhEMI ₹10,945/mo₹10 LakhEMI ₹15,636/mo₹15 LakhEMI ₹23,454/mo₹20 LakhEMI ₹31,272/mo₹25 LakhEMI ₹39,090/mo₹30 LakhEMI ₹46,908/mo₹40 LakhEMI ₹62,544/mo₹50 LakhEMI ₹78,180/mo