Monthly EMI: ₹49,340 at 9.7% for 7 years. Total interest: ₹11,44,560.
| Year | Principal | Interest | Balance |
|---|
With a ₹30 Lakh education loan from Axis Bank at 9.7% for 7 years, you will pay a monthly EMI of ₹49,340. The total amount payable is ₹41,44,560, of which ₹11,44,560 is interest.
At 9.7% interest rate for 7 years, the EMI for ₹30 Lakh Education Loan from Axis Bank is ₹49,340 per month. Total interest payable: ₹11,44,560.
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 ₹30 Lakh at 9.7% for 7 years, you would pay approximately ₹11,44,560 as total interest, making the total repayment ₹41,44,560.
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 ₹30 Lakh education loan.