HDFC Bank Education Loan for all students
HDFC Bank offers education loans to help make your dreams a reality. Competitive interest rates and flexible repayment options help you achieve your academic goals.
Features of HDFC Bank Education Loan
Loan amount
- Get up to Rs.150 lakhs as an education loan
- Avail loans of up to Rs. 50 lakh without collateral for select Institutes
Interest rates
- 8.64% p.a. to 9.50% p.a.
Answer:
Loan Tenure
- Loan repayment tenor up to 15 years
- “Moratorium” shall mean (1) Course Period + 1 year or 6 months after getting the Job, whichever is earlier; (2) as stipulated by Bank (as mentioned in the Schedule Cum Key Fact sheet).
- “Principal Moratorium” shall mean a Moratorium granted only for repayment of the principal amount of the Loan.
- “Interest Moratorium” shall mean a Moratorium granted for repayment of the principal
- amount of the Loan as well as payment of the interest payable on the Loan.
Processing & approval
- Pay no hidden charges and experience a completely transparent process
- Enjoy minimal and simple documentation
- Loans will be directly disbursed to the institution based on its fee structure
Collateral options
You can choose from a wide range, including Residential Property, HDFC Bank Fixed Deposit, select Debt Mutual Funds, Insurance Policies and NSC / KVP
Save on taxes with a rebate on the interest you pay on an education loan under Section 80-E of the Income Tax Act 1961.
Documents
- Pre - Sanction loan
Academic Institute Admission Letter with Fee break-up
SSC, HSC, Graduation Marksheets
KYC Age Proof
Signature Proof
Identity Proof
Residence Proof
Income Documents Salaried
Latest 2 Salary Slips carrying date of joining details
Latest 6 Months Bank Statement of the Salary Account.
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
Others Completed the Application Form
Latest Photograph (Signed Across)
- Post-Sanction
Loan Agreement Completed Loan Agreement to be Signed by Applicant and Co-applicant *
Repayment Instructions PDCs /ACH or SI Mandate
3 Security PDCs in case of ACH and SI mode of repayment
* Stamp duty to be paid by the customer as per the relevant state laws