EMI: ₹8,045/month at 9%. Min income: ₹16,090/month.
A ₹5 Lakh education loan from HDFC Bank at 9% interest for 7 years will cost you ₹8,045 per month as EMI. You will pay a total interest of ₹1,75,780 over the loan tenure. The minimum monthly income needed is ₹16,090 (assuming no existing EMIs).
HDFC Bank Education Loan EMI for ₹5 Lakh at 9% for 7 years is ₹8,045 per month.
You need a minimum monthly income of ₹16,090 for a ₹5 Lakh education loan from HDFC Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh education loan from HDFC Bank at 9% for 7 years is ₹1,75,780.
HDFC Bank charges a processing fee of Up to 1.50% + GST for Education Loan.
HDFC Bank Education Loan prepayment policy: Nil for education loans.