EMI: ₹80,445/month at 9%. Min income: ₹1,60,890/month.
A ₹50 Lakh education loan from HDFC Bank at 9% interest for 7 years will cost you ₹80,445 per month as EMI. You will pay a total interest of ₹17,57,380 over the loan tenure. The minimum monthly income needed is ₹1,60,890 (assuming no existing EMIs).
HDFC Bank Education Loan EMI for ₹50 Lakh at 9% for 7 years is ₹80,445 per month.
You need a minimum monthly income of ₹1,60,890 for a ₹50 Lakh education loan from HDFC Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹50 Lakh education loan from HDFC Bank at 9% for 7 years is ₹17,57,380.
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.