Monthly EMI: ₹41,116 at 9.7% for 7 years. Total interest: ₹9,53,744.
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With a ₹25 Lakh education loan from Axis Bank at 9.7% for 7 years, you will pay a monthly EMI of ₹41,116. The total amount payable is ₹34,53,744, of which ₹9,53,744 is interest.
At 9.7% interest rate for 7 years, the EMI for ₹25 Lakh Education Loan from Axis Bank is ₹41,116 per month. Total interest payable: ₹9,53,744.
Axis Bank offers Education Loan at 9.70 - 13.70% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹25 Lakh at 9.7% for 7 years, you would pay approximately ₹9,53,744 as total interest, making the total repayment ₹34,53,744.
Axis Bank's prepayment policy for Education Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Axis Bank offers competitive rates starting from 9.70 - 13.70% with tenure up to 15 years. Compare with other banks on this page to find the best option for your ₹25 Lakh education loan.