Calculate your IDFC First Bank education loan EMI instantly. Current rate starts from 10.50 - 14.00% p.a. with tenure up to 10 years.
| Year | Principal | Interest | Balance |
|---|
IDFC First Bank offers education loan starting from 10.50 - 14.00% per annum with a maximum tenure of 10 years. The processing fee is 1% + GST. Prepayment policy: Nil.
Tenure: 7 years
| Loan Amount | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| ₹5 Lakh | ₹8,430 | ₹2,08,120 | ₹7,08,120 |
| ₹7 Lakh | ₹11,802 | ₹2,91,368 | ₹9,91,368 |
| ₹10 Lakh | ₹16,861 | ₹4,16,324 | ₹14,16,324 |
| ₹15 Lakh | ₹25,291 | ₹6,24,444 | ₹21,24,444 |
| ₹20 Lakh | ₹33,721 | ₹8,32,564 | ₹28,32,564 |
| ₹25 Lakh | ₹42,152 | ₹10,40,768 | ₹35,40,768 |
| ₹30 Lakh | ₹50,582 | ₹12,48,888 | ₹42,48,888 |
| ₹40 Lakh | ₹67,443 | ₹16,65,212 | ₹56,65,212 |
| ₹50 Lakh | ₹84,303 | ₹20,81,452 | ₹70,81,452 |
IDFC First Bank offers Education Loan at interest rates starting from 10.50 - 14.00% per annum in 2026. The actual rate depends on your credit score, income, loan amount, and relationship with the bank.
The EMI for a ₹20 Lakh Education Loan from IDFC First Bank at 10.5% for 7 years is approximately ₹33,721 per month. Use the calculator above to check EMI for different amounts.
IDFC First Bank offers Education Loan up to ₹50 Lakh with a maximum tenure of 10 years, subject to eligibility criteria and income assessment.
The processing fee for IDFC First Bank Education Loan is 1% + GST. Prepayment charges: Nil.
You can apply for IDFC First Bank Education Loan online through their official website or by visiting the nearest branch. You will need documents such as identity proof, address proof, income proof, and bank statements. Use the EMI calculator above to plan your loan before applying.