HDFC Bank Education Loan
With HDFC bank student education loans, pursue your dream higher studies without worrying for financial assistance. We provide student education loans for all Graduate, Post-Graduate, Engineering, Medical, MBA, Vocational Courses (Multi-Media, ERP) offered by recognized institutions in India.
No more running from pillar to post for availing student loans! Our friendly sales managers will guide you in every step to make your dreams into reality.
Features & Benefits - Indian Education
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
HDFC Student 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).
HDFC Education 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 amount paid on your education loan.
Please refer http://law.incometaxindia.gov.in/TaxmannDit/Displaypage/dpage1.aspx?md=2&typ=cn&yr=2009&chp=211 to view the income tax circular. E-mail loansupport@hdfcbank.com to receive interest certificate for FY 08-09.
Loans available for other course related expenses also!
Special privileges:
Service At Your Door Step.
Loans disbursed directly to the educational institution as Per the Fee Schdule.
Insurance Protection from HDFC ERGO.
Gateway To Other Banking Products And Services.
Savings Account.
HDFC Education Loan 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. For co-applicant eligibility, please refer http://www.hdfcbank.com/personal/loans/educational_loan/el_indian/el_indian_faqs.htm#7.
For complete details on eligible courses and other details, check our FAQs section.
For complete documentation, please refer http://www.hdfcbank.com/personal/loans/educational_loan/el_indian/el_indian_faqs.htm#15.
Avail the subsequent disbursements from the convenience of your home. Keep the following documents ready, our executive will collect the same from your door-step for priority processing.
HDFC Bank Education Loan Documents Required:
Subsequent Disbursement Request Letter From Applicant Or Co-Applicant.
Applicant's Academic Progress Report (Previous Semester)
Five Post Dated Cheques Favouring HDFC Bank Limited Education Loan Account.
Education Loan in HDFC Bank
