Education Loan : Effective Rate of Interest

Education  Loan : Effective Rate of Interest


Education 
Loan Amount (Rs.)
Interest Rate
Interest Amount (Rs.)
Yearly Tax Savings (Rs.)
Effective Rate of Interest
2,00,000
13.5%
27,000
8,343
9.33%
4,00,000
13.5%
54,000
16,686
9.33%
6,00,000
13.5%
81,000
16,686
9.33%
10,00,000
13.5%
1,35,000
25,029
9.33%
15,00,000
13.5%
2,02,500
62,573
9.33%
20,00,000
13.5%
2,70,000
83,430
9.33%


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