HDFC Education Loan
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
- LIC/NSC/KVP
- 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 loansupport@hdfcbank.com to receive interest certificate for FY 08-09
- Loans available for other course related expenses also!
Eligibility
- 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 Charges
|
Upto a maximum 2% of the loan amount |
Pre-payment charges
|
Upto 4% of the Principal Outstanding |
No Due Certificate / No Objection Certificate (NOC)
|
Nil |
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.
Features and Benefits
- Student Loans Upto Rs. 20 Lakhs for education Abroad#
- 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
- LIC/NSC/KVP 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)
- Avail the tax rebate offered under section 80-e of the income tax act* 1961 for the entire interest amount paid on your education loan. E-mail loansupport@hdfcbank.com to receive interest certificate for FY 08-09
Description of Charges
|
Personal Loan |
Loan Processing Charges
|
Upto a maximum 2% of the loan amount |
Pre-payment charges
|
Upto 4% of the Principal Outstanding |
No Due Certificate / No Objection Certificate (NOC)
|
Nil |
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 |
Legal / incidental charges
|
At actual |
For details on HDFC education loan,
click here