EMI: ₹10,998/month at 8.25%. Min income: ₹21,150/month.
A ₹7 Lakh education loan from IDBI Bank at 8.25% interest for 7 years will cost you ₹10,998 per month as EMI. You will pay a total interest of ₹2,23,832 over the loan tenure. The minimum monthly income needed is ₹21,150 (assuming no existing EMIs).
IDBI Bank Education Loan EMI for ₹7 Lakh at 8.25% for 7 years is ₹10,998 per month.
You need a minimum monthly income of ₹21,150 for a ₹7 Lakh education loan from IDBI Bank (at 8.25% rate, assuming no existing EMIs).
The total interest payable on ₹7 Lakh education loan from IDBI Bank at 8.25% for 7 years is ₹2,23,832.
IDBI Bank charges a processing fee of Nil for Education Loan.
IDBI Bank Education Loan prepayment policy: Nil.