Monthly EMI: ₹8,045 at 9% for 7 years. Total interest: ₹1,75,780.
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With a ₹5 Lakh education loan from HDFC Bank at 9% for 7 years, you will pay a monthly EMI of ₹8,045. The total amount payable is ₹6,75,780, of which ₹1,75,780 is interest.
At 9% interest rate for 7 years, the EMI for ₹5 Lakh Education Loan from HDFC Bank is ₹8,045 per month. Total interest payable: ₹1,75,780.
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 ₹5 Lakh at 9% for 7 years, you would pay approximately ₹1,75,780 as total interest, making the total repayment ₹6,75,780.
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 ₹5 Lakh education loan.