EMI: ₹39,153/month at 8.15%. Min income: ₹75,295/month.
A ₹25 Lakh education loan from SBI at 8.15% interest for 7 years will cost you ₹39,153 per month as EMI. You will pay a total interest of ₹7,88,852 over the loan tenure. The minimum monthly income needed is ₹75,295 (assuming no existing EMIs).
SBI Education Loan EMI for ₹25 Lakh at 8.15% for 7 years is ₹39,153 per month.
You need a minimum monthly income of ₹75,295 for a ₹25 Lakh education loan from SBI (at 8.15% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh education loan from SBI at 8.15% for 7 years is ₹7,88,852.
SBI charges a processing fee of Nil for Education Loan.
SBI Education Loan prepayment policy: Nil.