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Axis Bank Education Loan for ₹20 Lakh

EMI: ₹32,893/month at 9.7%. Min income: ₹65,786/month.

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Your Details
Income Details
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₹
Loan Parameters
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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%

Axis Bank Education Loan for ₹20 Lakh - Key Details

Interest Rate
9.7% p.a.
Monthly EMI
₹32,893
Total Interest
₹7,63,012
Total Payment
₹27,63,012
Min Income Required
₹65,786/mo
Processing Fee
Nil

A ₹20 Lakh education loan from Axis Bank at 9.7% interest for 7 years will cost you ₹32,893 per month as EMI. You will pay a total interest of ₹7,63,012 over the loan tenure. The minimum monthly income needed is ₹65,786 (assuming no existing EMIs).

Frequently Asked Questions

What is Axis Bank education loan EMI for ₹20 Lakh?

Axis Bank Education Loan EMI for ₹20 Lakh at 9.7% for 7 years is ₹32,893 per month.

What income do I need for ₹20 Lakh education loan from Axis Bank?

You need a minimum monthly income of ₹65,786 for a ₹20 Lakh education loan from Axis Bank (at 9.7% rate, assuming no existing EMIs).

What is the total interest on ₹20 Lakh education loan from Axis Bank?

The total interest payable on ₹20 Lakh education loan from Axis Bank at 9.7% for 7 years is ₹7,63,012.

What is Axis Bank's processing fee for ₹20 Lakh education loan?

Axis Bank charges a processing fee of Nil for Education Loan.

Can I prepay my Axis Bank education loan?

Axis Bank Education Loan prepayment policy: Nil.

₹20 Lakh Education Loan from Other Banks

SBIFrom 8.15 - 10.70%HDFC BankFrom 9.00 - 13.68%ICICI BankFrom 9.25 - 13.00%Kotak Mahindra BankFrom 10.00 - 16.00%Bank of BarodaFrom 7.95 - 10.45%PNBFrom 8.10 - 10.90%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 Axis Bank Education Loan Amounts

₹5 LakhEMI ₹8,223/mo₹7 LakhEMI ₹11,513/mo₹10 LakhEMI ₹16,447/mo₹15 LakhEMI ₹24,670/mo₹25 LakhEMI ₹41,116/mo₹30 LakhEMI ₹49,340/mo₹40 LakhEMI ₹65,786/mo₹50 LakhEMI ₹82,233/mo