Monthly EMI: ₹83,006 at 10% for 7 years. Total interest: ₹19,72,504.
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With a ₹50 Lakh education loan from Kotak Mahindra Bank at 10% for 7 years, you will pay a monthly EMI of ₹83,006. The total amount payable is ₹69,72,504, of which ₹19,72,504 is interest.
At 10% interest rate for 7 years, the EMI for ₹50 Lakh Education Loan from Kotak Mahindra Bank is ₹83,006 per month. Total interest payable: ₹19,72,504.
Kotak Mahindra Bank offers Education Loan at 10.00 - 16.00% p.a. The actual rate may vary based on your credit score, income, and the loan amount.
For ₹50 Lakh at 10% for 7 years, you would pay approximately ₹19,72,504 as total interest, making the total repayment ₹69,72,504.
Kotak Mahindra Bank's prepayment policy for Education Loan: Nil. Making prepayments can significantly reduce your total interest outgo.
Kotak Mahindra Bank offers competitive rates starting from 10.00 - 16.00% with tenure up to 10 years. Compare with other banks on this page to find the best option for your ₹50 Lakh education loan.