Monthly EMI: ₹35,305 at 12% for 7 years. Total interest: ₹9,65,620.
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With a ₹20 Lakh education loan from Bandhan Bank at 12% for 7 years, you will pay a monthly EMI of ₹35,305. The total amount payable is ₹29,65,620, of which ₹9,65,620 is interest.
At 12% interest rate for 7 years, the EMI for ₹20 Lakh Education Loan from Bandhan Bank is ₹35,305 per month. Total interest payable: ₹9,65,620.
Bandhan Bank offers Education Loan at 12.00 - 15.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹20 Lakh at 12% for 7 years, you would pay approximately ₹9,65,620 as total interest, making the total repayment ₹29,65,620.
Bandhan Bank's prepayment policy for Education Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Bandhan Bank offers competitive rates starting from 12.00 - 15.00% with tenure up to 7 years. Compare with other banks on this page to find the best option for your ₹20 Lakh education loan.