EMI: ₹26,080/month at 11.5%. Min income: ₹52,160/month.
A ₹15 Lakh education loan from IndusInd Bank at 11.5% interest for 7 years will cost you ₹26,080 per month as EMI. You will pay a total interest of ₹6,90,720 over the loan tenure. The minimum monthly income needed is ₹52,160 (assuming no existing EMIs).
IndusInd Bank Education Loan EMI for ₹15 Lakh at 11.5% for 7 years is ₹26,080 per month.
You need a minimum monthly income of ₹52,160 for a ₹15 Lakh education loan from IndusInd Bank (at 11.5% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh education loan from IndusInd Bank at 11.5% for 7 years is ₹6,90,720.
IndusInd Bank charges a processing fee of 1% + GST for Education Loan.
IndusInd Bank Education Loan prepayment policy: Nil.