EMI: ₹50,582/month at 10.5%. Min income: ₹1,01,164/month.
A ₹30 Lakh education loan from IDFC First Bank at 10.5% interest for 7 years will cost you ₹50,582 per month as EMI. You will pay a total interest of ₹12,48,888 over the loan tenure. The minimum monthly income needed is ₹1,01,164 (assuming no existing EMIs).
IDFC First Bank Education Loan EMI for ₹30 Lakh at 10.5% for 7 years is ₹50,582 per month.
You need a minimum monthly income of ₹1,01,164 for a ₹30 Lakh education loan from IDFC First Bank (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹30 Lakh education loan from IDFC First Bank at 10.5% for 7 years is ₹12,48,888.
IDFC First Bank charges a processing fee of 1% + GST for Education Loan.
IDFC First Bank Education Loan prepayment policy: Nil.