Considering IIM Lucknow fees is 22 lakhs. If we take education loan for it, how many years should we pay to clear the loan and overall how much would the loan amount end up with all the interest? Could any senior shed some light on this please. 

1 comment
Armani123
@Armani123  ·  69 karma

Try to close the loan in 3-4 years. By the time you pass out , 22 lakh would become 24.5 lakh due to Simple interest, then it will be compounded quickly. So if you pay within 4 years, you would end up paying near about 32-33 lakhs

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