EMI: ₹8,693/month at 11.5%. Min income: ₹17,386/month.
A ₹5 Lakh education loan from IndusInd Bank at 11.5% interest for 7 years will cost you ₹8,693 per month as EMI. You will pay a total interest of ₹2,30,212 over the loan tenure. The minimum monthly income needed is ₹17,386 (assuming no existing EMIs).
IndusInd Bank Education Loan EMI for ₹5 Lakh at 11.5% for 7 years is ₹8,693 per month.
You need a minimum monthly income of ₹17,386 for a ₹5 Lakh education loan from IndusInd Bank (at 11.5% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh education loan from IndusInd Bank at 11.5% for 7 years is ₹2,30,212.
IndusInd Bank charges a processing fee of 1% + GST for Education Loan.
IndusInd Bank Education Loan prepayment policy: Nil.