EMI: ₹84,303/month at 10.5%. Min income: ₹1,68,606/month.
A ₹50 Lakh education loan from IDFC First Bank at 10.5% interest for 7 years will cost you ₹84,303 per month as EMI. You will pay a total interest of ₹20,81,452 over the loan tenure. The minimum monthly income needed is ₹1,68,606 (assuming no existing EMIs).
IDFC First Bank Education Loan EMI for ₹50 Lakh at 10.5% for 7 years is ₹84,303 per month.
You need a minimum monthly income of ₹1,68,606 for a ₹50 Lakh education loan from IDFC First Bank (at 10.5% rate, assuming no existing EMIs).
The total interest payable on ₹50 Lakh education loan from IDFC First Bank at 10.5% for 7 years is ₹20,81,452.
IDFC First Bank charges a processing fee of 1% + GST for Education Loan.
IDFC First Bank Education Loan prepayment policy: Nil.