July 16, 2016

Education Loan RoI

RoI Calculation:

Total Fees including 15% taxes Rs. 230,000
 Laptop bill Rs.   20,000
 Hostel Fees Rs.  50,000
 Loan amount Rs. 300,000
Interest on 12% annual rate for 5 years Rs. 100,400

Monthly Loan EMI:

Sprite 6,673

In India   International Countries
Average Monthly Salary in 1st year

Sprite 30,000.00

 (estimated)

USD 3,000

Average Monthly Salary in 3rd year

Sprite 50,000.00

 (estimated)

USD 4,000