EMI: ₹11,262/month at 9%. Min income: ₹22,524/month.
A ₹7 Lakh education loan from HDFC Bank at 9% interest for 7 years will cost you ₹11,262 per month as EMI. You will pay a total interest of ₹2,46,008 over the loan tenure. The minimum monthly income needed is ₹22,524 (assuming no existing EMIs).
HDFC Bank Education Loan EMI for ₹7 Lakh at 9% for 7 years is ₹11,262 per month.
You need a minimum monthly income of ₹22,524 for a ₹7 Lakh education loan from HDFC Bank (at 9% rate, assuming no existing EMIs).
The total interest payable on ₹7 Lakh education loan from HDFC Bank at 9% for 7 years is ₹2,46,008.
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.