Monthly EMI: ₹11,513 at 9.7% for 7 years. Total interest: ₹2,67,092.
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With a ₹7 Lakh education loan from Axis Bank at 9.7% for 7 years, you will pay a monthly EMI of ₹11,513. The total amount payable is ₹9,67,092, of which ₹2,67,092 is interest.
At 9.7% interest rate for 7 years, the EMI for ₹7 Lakh Education Loan from Axis Bank is ₹11,513 per month. Total interest payable: ₹2,67,092.
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 ₹7 Lakh at 9.7% for 7 years, you would pay approximately ₹2,67,092 as total interest, making the total repayment ₹9,67,092.
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 ₹7 Lakh education loan.