Investment Banking Education

Education Loan in HDFC Bank

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

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
Non standard repayment charges
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#

No Collateral Or Third Party Guarantee **

LIC/NSC/KVP Loan available upto tenure of 7 years including moratorium period #

Non standard repayment charges