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Education Loan from HDFC Bank
Kapil G.
- March 7, 2022
- 7:53 am
HDFC provides student education loans for all Graduate, Post-Graduate, Engineering, Medical, MBA , Vocational Courses (Multi-Media, ERP) offered by recognized institutions in India.
Loans for Education in India
Features and Benefits
- Student Loans Upto Rs. 15 Lakhs for education In India
- Unsecured Lending Upto INR 7.5 LakhsÂ
- No Collateral Or Third Party Guarantee**
- Â Wider Range Of Collateral For Loans Above INR 7.5 LakhsÂ
- Residential Property
- HDFC Bank Fixed Deposit
- LIC/NSC/KVP
- Loan available upto tenure of 7 years including moratorium period
- Â Repayment to start 1 year after course completion / 6 months after obtaining employment (whichever is earlier)
- Loans available for short duration/ job oriented courses also
- Avail the tax rebate offered under section 80-e of the income tax act* 1961 for the entire interest. E-mail [email protected] to receive interest certificate for FY 08-09
- Loans available for other course related expenses also!
Eligibility
- You need to be a Resident Indian
- Â You should be aged between 16 – 35 yrs.
- Â Collateral is required for all loans greater than Rs. 7.5 Lakhs.
- Â All Loans require a co-applicant.
| Description of Charges | Personal Loan |
| Â Loan Processing Charges | Upto a maximum 2% of the loan amount |
| Â Pre-payment charges | Â Upto 4% of the Principal Outstanding |
| Â No Due Certificate / No Objection Certificate (NOC) | Nil |
| Â Solvency Certificate | Not applicable |
| Â Charges for late payment of EMI | Â @ 24 % p.a. on amount outstanding from date of default |
| Â Credit assessment charges | Not applicable |
|  Non standard repayment charges  | Not applicable |
| Â Cheque swapping charges | Upto Rs. 500/- per event |
| Â Loan Re-Booking / Re-Schedulement Charges | Â Â Upto Rs. 1000/- |
| Bounce Cheque Charges | Upto Rs. 450/- per Bouncing |
| Statement Charges (per statement) / Repayment Schedule | Upto Rs. 500/- |
| Legal / incidental charges | At actual |
Loans for Foreign Education
HDFC provides student education loans for graduate, post-graduate, MBA, Medical , Engineering , Vocational courses offered by recognized universities in abroad.
For details on HDFC education loan, click here
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