|
|
| COMPARE : EDUCATION LOANS |
|
|
|
|
|
|
|
| Introduction |
|
HSBC bank offers education loan for Indian students who want to attain a world-class education at a U.S. college or University. The loan will cover the cost of education – tuition, fees, room charges, boarding, books, and other education-related expenses.
HSBC INDIA STUDENT EDUCATION LOAN PROGRAM IS APPLICABLE FOR STUDENTS WHO WANT TO PURSUE STUDIES IN US. |
|
|
|
|
| Highlights |
|
| |
Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Educational Loan covers cost of education – tuition, fees, room charges, boarding, books, and other education-related expenses. |
Educational Loan with expenses for boarding and lodging. |
| Loan Amount |
Min. - Rs 500000
Max. - Rs 10000000
|
Min. - Rs 50000
Max. - Rs 2500000
|
| Margin Money |
HSBC India can fund a maximum of 85% of the total program fees.
Upfront contribution proof of the remaining 15% of school fees must be submitted to HSBC, India prior to the disbursal.
1% of the loan amount applied for, subject to a minimum of Rs 5000 plus service tax. This fee is payable on application and is not refundable.
Additional fees, as charged by GSLC apply. (If applicable).
|
|
| Tenure |
|
|
| Interest Rate |
The RLR is 13.75% effective from July 03, 2009.
|
12 %
|
|
|
 Fees & charges
Fees & charges
|
|
|
|
|
|
Security
|
Security |
|
|
|
Collateral: Residential Property. Either self-occupied and owned by either primary or co-applicant. Property must be in Bangalore, Chennai, Mumbai, Delhi (NCR – Noida, Gurgaon, Faridabad), Pune. |
|
|
|
Terms & Conditions
|
Terms & Conditions |
|
|
|
Primary Applicant must be the student. Must have a co-applicant in India and can only be parents or spouse of student. Co-applicant being considered when calculating the loan eligibility must be a resident Indian. |
|
|
|
|
|
|
Show All Education Loans
|
|
|
|
|
|
Twitter