EMI: ₹40,541/month at 9.25%. Min income: ₹81,082/month.
A ₹25 Lakh education loan from ICICI Bank at 9.25% interest for 7 years will cost you ₹40,541 per month as EMI. You will pay a total interest of ₹9,05,444 over the loan tenure. The minimum monthly income needed is ₹81,082 (assuming no existing EMIs).
ICICI Bank Education Loan EMI for ₹25 Lakh at 9.25% for 7 years is ₹40,541 per month.
You need a minimum monthly income of ₹81,082 for a ₹25 Lakh education loan from ICICI Bank (at 9.25% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh education loan from ICICI Bank at 9.25% for 7 years is ₹9,05,444.
ICICI Bank charges a processing fee of 1% + GST for Education Loan.
ICICI Bank Education Loan prepayment policy: Nil.