If you want to take Student Loan, then this article is for you, any student can take an education loan to meet any expenses related to his education. Many banks give you education loans like SBI, Bob ETC, but today we will talk about HDFC Bank.
What are the interest rate, eligibility, and documents of this loan, and how can we apply for this loan?
This HDFC Education Loan is offered to students aspiring to pursue higher education in colleges recognized by UGC, AIBMS, ICMR, and AICTE in several disciplines. HDFC provides attractive interest rates, flexible repayment, and loan tenures to those wanting to study abroad in their chosen field of interest. That’s why you read this article till the end.
HDFC Education Loan Interest Rate 2022
| Particulars | Details |
| Loan Name | HDFC Bank |
| Interest Rate | Start From 9.55% |
| Tenure | Maximum 15 Year |
| Loan Amount | For Indian education – Up to Rs 30 lakh for foreign education – up to Rs 45 lakh |
HDFC Education Loan Eligibility Criteria 2022
Eligibility for Indian Education:
The applicant must be a permanent resident of India.
The age of the applicant should be between 16 to 35 years.
The student should have passed the entrance examination/entrance examination in recognized institutions in India or abroad.
Read More: SBI Global ED-Vantage Scheme
Eligibility for Foreign Education:
The applicant must be a citizen of India.
The co-applicant must be an Indian citizen.
Co-borrowers should have a bank account to write cheques in any bank in India.
Confirmation of admission to colleges before disbursement.
HDFC Bank Education Loan Documents Required
Before applying for an Education Loan, you should keep all your documents together so that whenever the bank asks you for documents, you can immediately show them all the documents
- Address proof
- Identification card
- Application form
- Passport-size photographs
- Admission Letter
- Income proof of the guarantor
- Collateral Security
- 10th and 12th mark sheets
- Latest 6 Months Bank Statement of the Salary Account.
HDFC Bank Education Loan for Foreign Education
HDFC Education Loan for studies abroad covers all expenses (hostel fees, book fees, tuition fees, also travel expenses).
Pay 1.5% of the total loan amount as a fee is necessary.
The applicant must be a citizen of India.
Confirmation of admission to colleges before disbursement.
Taking an Education loan for Studies Abroad must be repaid in monthly installments.
Read More: Student Loan Intrest Rates
How to Apply for HDFC Bank Education Loan
If you fulfill all the student loan conditions, you can apply online and offline Mode for this loan. For the following information about the application please contact HDFC bank.