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| COMPARE : EDUCATION LOANS |
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| Introduction |
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| HDFC bank offers education loan for studies in India or abroad to bridge the gap between you and higher education. Bank offers hassle free loan at attractive interest rates. Bank gives loan for other course related expenses also. Loan approval process is speedy. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Loans are also provided for studying abroad for job oriented courses at degree level and advanced studies in all areas for post-graduation. For payment of fees to school/college and for purchase of books, hostel fees, examination fees, etc. |
The Educational Loan Scheme outlined below aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. The main emphasis is that every meritorious student is provided with an opportunity to pursue education with the financial support on affordable terms and conditions. No deserving student is denied an opportunity to pursue higher education for want of financial support |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Student Loans Upto Rs. 15 Lakhs
Unsecured Lending Upto INR 7.5 Lakhs
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| Margin Money |
15 %
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5 %
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| Tenure |
Min. - 1 Yrs.
Max. - 15 Yrs.
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Min. - 1 Yrs.
Max. - 7 Yrs.
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| Interest Rate |
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Charges for late payment of EMI: @ 24 % p.a. on amount outstanding from date of default
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| Time to Process Loan |
7 days |
7 days |
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
| Processing Fee |
2 % |
2 % |
| Cheque Bouncing Charges |
450 Rs |
450 Rs |
| Late Payment Penalty |
24 % |
24 % |
| Pre-Payment Charges |
4 % |
4 % |
| Cheque Swapping Charges |
500 Rs |
500 Rs |
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Eligibility Criteria
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Eligibility Criteria
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Study Abroad
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Study Abroad:
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| Age |
Min.: 16 Yrs. Max.: 35 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Age Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
| Others |
Letter from the Head Of Department ( University), Visa approval papers,Travel papers,GMAT/GRE/SAT score |
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Study India
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Study India:
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| Age |
Min.: 16 Yrs. Max.: 35 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Age Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
| Others |
Latest mark sheet of the student,Letter of admission from the Institute,Letter from the Institute stating cost break up of the program(term-wise, year-wise) |
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Security
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Security |
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Unsecured Lending Upto INR 7.5 Lakhs: No Collateral Or Third Party Guarantee (Third Party Guarantee required for loans between Rs 4 lakhs to 7.5 lakhs.)
Wider Range Of Collateral For Loans Above INR 7.5 Lakhs: Residential Property, HDFC Bank Fixed Deposit, LIC/NSC/KVP |
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Terms & Conditions
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Terms & Conditions |
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Repayment to start 1 year after course completion / 6 months after obtaining employment (whichever is earlier) |
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Show All Education Loans
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