Monthly EMI: ₹32,432 at 9.25% for 7 years. Total interest: ₹7,24,288.
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With a ₹20 Lakh education loan from ICICI Bank at 9.25% for 7 years, you will pay a monthly EMI of ₹32,432. The total amount payable is ₹27,24,288, of which ₹7,24,288 is interest.
At 9.25% interest rate for 7 years, the EMI for ₹20 Lakh Education Loan from ICICI Bank is ₹32,432 per month. Total interest payable: ₹7,24,288.
ICICI Bank offers Education Loan at 9.25 - 13.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹20 Lakh at 9.25% for 7 years, you would pay approximately ₹7,24,288 as total interest, making the total repayment ₹27,24,288.
ICICI Bank's prepayment policy for Education Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
ICICI Bank offers competitive rates starting from 9.25 - 13.00% with tenure up to 12 years. Compare with other banks on this page to find the best option for your ₹20 Lakh education loan.