Monthly EMI: ₹32,178 at 9% for 7 years. Total interest: ₹7,02,952.
| Year | Principal | Interest | Balance |
|---|
With a ₹20 Lakh education loan from HDFC Bank at 9% for 7 years, you will pay a monthly EMI of ₹32,178. The total amount payable is ₹27,02,952, of which ₹7,02,952 is interest.
At 9% interest rate for 7 years, the EMI for ₹20 Lakh Education Loan from HDFC Bank is ₹32,178 per month. Total interest payable: ₹7,02,952.
HDFC Bank offers Education Loan at 9.00 - 13.68% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹20 Lakh at 9% for 7 years, you would pay approximately ₹7,02,952 as total interest, making the total repayment ₹27,02,952.
HDFC Bank's prepayment policy for Education Loan: Nil for education loans. Making prepayments can significantly reduce your total interest outgo.
HDFC Bank offers competitive rates starting from 9.00 - 13.68% with tenure up to 15 years. Compare with other banks on this page to find the best option for your ₹20 Lakh education loan.