Education Loan from HDFC Bank

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 Lakhs 
    • No Collateral Or Third Party Guarantee**
  •  Wider Range Of Collateral For Loans Above INR 7.5 Lakhs 
    • Residential Property
    • HDFC Bank Fixed Deposit
  • Loan available upto tenure of 7 years including moratorium period
  •  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 loans[email protected] to receive interest certificate for FY 08-09
  • Loans available for other course related expenses also!


  • You need to be a Resident Indian
  •  You should be aged between 16 – 35 yrs.
  •  Collateral is required for all loans greater than Rs. 7.5 Lakhs.
  •  All Loans require a co-applicant.
Description of Charges

Personal Loan
 Loan Processing ChargesUpto a maximum 2% of the loan amount
 Pre-payment charges

 Upto 4% of the Principal Outstanding
 No Due Certificate / No Objection Certificate (NOC)

 Solvency Certificate

Not applicable
 Charges for late payment of EMI

 @ 24 % p.a. on amount outstanding from date of default
 Credit assessment charges

Not applicable
 Non standard repayment charges
Not applicable
 Cheque swapping charges

Upto Rs. 500/- per event
 Loan Re-Booking / Re-Schedulement Charges

  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