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HDFC Bank

HDFC Bank

Overview

With HDFC bank student education loans, pursue your dream higher studies without worrying for financial assistance. HDFC provides student education loans for all Graduate, Post-Graduate, Engineering, Medical, MBA , Vocational Courses (Multi-Media, ERP) offered by recognized institutions in India and abroad.

Loan Feature

Loan Amount Loans upto Rs.10 Lakhs for Education in India and upto Rs.20 Lakhs for Education abroad
Interest Rate Information not available
Tenure Repayment to start 1 year after course completion / 6 months after obtaining employment (whichever is earlier). Loan available upto tenure of 15 years including moratorium period
Pre Payment Charges Upto 4% of the Principal Outstanding after 6 months of repayment
Service Charges

Processing Fee: Upto a maximum 2% of the loan amount

Eligibility Criteria : Education Loan

  Salaried Self
Age 16 - 35 yrs 16 - 35 yrs
Income Income Criteria Not Available Income Criteria Not Available
Job Experience Information not available Information not available
Residence Proof Valid Residence proof Valid Residence proof

Docs Required : Education Loan

  Salaried Self
ID Proof Co-Applicants Passport Copy/ Voters ID card/ Driving Licence/Copy of PAN Card/Other valid ID Co-Applicants Passport Copy/ Voters ID card/ Driving Licence/Copy of PAN Card/Other valid ID
Address Proof Passport/Voters ID/Driving License/Latest Electricity bill/Latest Landline Telephone Bill/Any other Valid Address proof Passport/Voters ID/Driving License/Latest Electricity bill/Latest Landline Telephone Bill/Any other Valid Address proof
DOB Proof Birth Certificate Birth Certificate
Financial Docs

Co-Applicant Salaried Individual:

  • Latest 6 Months Bank Statement of the Salary Account
  • Latest 2 Salary Slips carrying date of joining details
  • Co-Applicant Self Employed (Professionals) :

     

    Self Employed :
      Last 2 Year ITR with Computation of Income
      Last 2 Years Audited Balance Sheet
      Last 6 Months Bank Statement
      Proof of Turnover (Latest Sales / Service Tax Return)
      Self Employed - Professional :
      Last 2 Year ITR with Computation of Income
      Last 2 Years Audited Balance Sheet / P& L
      Last 6 Months Bank Statement
      Proof of Qualification

    Self Employed :

     

    • Last 2 Year ITR with Computation of Income
    • Last 2 Years Audited Balance Sheet
    • Last 6 Months Bank Statement
    • Proof of Turnover (Latest Sales / Service Tax Return)

     

    Self Employed - Professional :

     

    • Last 2 Year ITR with Computation of Income
    • Last 2 Years Audited Balance Sheet / P& L
    • Last 6 Months Bank Statement
    • Proof of Qualification

     

     

    Other Charges : Education Loan

     

    Description of Charges 

    Amount of Charges

    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

    NIL

    Loan cancellation / re-booking charges / Re-scheduling

    Upto Rs. 1000/-

    Bounce Cheque Charges

    Upto Rs. 450/- per Bouncing

    Stamp Duty and other atatutory charges

    As per applicable laws of the state

    Legal / incidental charges

    At actual

    Products offered by HDFC Bank

    Need Help in Choosing the right Loan/Insurance?

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    Calculator

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    Testimonial

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