EMI: ₹39,028/month at 8.05%. Min income: ₹75,054/month.
A ₹25 Lakh education loan from Union Bank at 8.05% interest for 7 years will cost you ₹39,028 per month as EMI. You will pay a total interest of ₹7,78,352 over the loan tenure. The minimum monthly income needed is ₹75,054 (assuming no existing EMIs).
Union Bank Education Loan EMI for ₹25 Lakh at 8.05% for 7 years is ₹39,028 per month.
You need a minimum monthly income of ₹75,054 for a ₹25 Lakh education loan from Union Bank (at 8.05% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh education loan from Union Bank at 8.05% for 7 years is ₹7,78,352.
Union Bank charges a processing fee of Nil for Education Loan.
Union Bank Education Loan prepayment policy: Nil.