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ICICI Bank Education Loan for ₹40 Lakh

EMI: ₹64,865/month at 9.25%. Min income: ₹1,29,730/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
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Total Payment
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Monthly Income
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Existing EMIs
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New Loan EMI
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Remaining Income
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ICICI Bank Education Loan for ₹40 Lakh - Key Details

Interest Rate
9.25% p.a.
Monthly EMI
₹64,865
Total Interest
₹14,48,660
Total Payment
₹54,48,660
Min Income Required
₹1,29,730/mo
Processing Fee
1% + GST

A ₹40 Lakh education loan from ICICI Bank at 9.25% interest for 7 years will cost you ₹64,865 per month as EMI. You will pay a total interest of ₹14,48,660 over the loan tenure. The minimum monthly income needed is ₹1,29,730 (assuming no existing EMIs).

Frequently Asked Questions

What is ICICI Bank education loan EMI for ₹40 Lakh?

ICICI Bank Education Loan EMI for ₹40 Lakh at 9.25% for 7 years is ₹64,865 per month.

What income do I need for ₹40 Lakh education loan from ICICI Bank?

You need a minimum monthly income of ₹1,29,730 for a ₹40 Lakh education loan from ICICI Bank (at 9.25% rate, assuming no existing EMIs).

What is the total interest on ₹40 Lakh education loan from ICICI Bank?

The total interest payable on ₹40 Lakh education loan from ICICI Bank at 9.25% for 7 years is ₹14,48,660.

What is ICICI Bank's processing fee for ₹40 Lakh education loan?

ICICI Bank charges a processing fee of 1% + GST for Education Loan.

Can I prepay my ICICI Bank education loan?

ICICI Bank Education Loan prepayment policy: Nil.

₹40 Lakh Education Loan from Other Banks

SBIFrom 8.15 - 10.70%HDFC BankFrom 9.00 - 13.68%Axis BankFrom 9.70 - 13.70%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 ICICI Bank Education Loan Amounts

₹5 LakhEMI ₹8,108/mo₹7 LakhEMI ₹11,351/mo₹10 LakhEMI ₹16,216/mo₹15 LakhEMI ₹24,324/mo₹20 LakhEMI ₹32,432/mo₹25 LakhEMI ₹40,541/mo₹30 LakhEMI ₹48,649/mo₹50 LakhEMI ₹81,081/mo