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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