EMI: ₹42,152/month at 10.5%. Min income: ₹84,304/month.
A ₹25 Lakh education loan from IDFC First Bank at 10.5% interest for 7 years will cost you ₹42,152 per month as EMI. You will pay a total interest of ₹10,40,768 over the loan tenure. The minimum monthly income needed is ₹84,304 (assuming no existing EMIs).
IDFC First Bank Education Loan EMI for ₹25 Lakh at 10.5% for 7 years is ₹42,152 per month.
You need a minimum monthly income of ₹84,304 for a ₹25 Lakh education loan from IDFC First Bank (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh education loan from IDFC First Bank at 10.5% for 7 years is ₹10,40,768.
IDFC First Bank charges a processing fee of 1% + GST for Education Loan.
IDFC First Bank Education Loan prepayment policy: Nil.