Housing Development Finance
Corporation Limited or HDFC Bank started its operations in the year 1995 as a
scheduled commercial bank. It is one of the Indian banks, which offer education
loans to students willing to pursue higher education in India or
abroad. Scroll down the page to learn more about HDFC Bank education loans.
Candidates Eligibility Required for Education Loan:
Candidates willing to apply for HDFC Bank education loan should be Indian
Nationals. Applicants should be between 16-35 years of age. Collateral security
is essential for loans above Rs. 7.5 lacs. A co-applicant is required if you
are applying for full time courses.
Eligible Courses:
The eligible courses for HDFC student loan are undergraduate and postgraduate
courses in the fields of management, engineering, medicine, computer
applications, fine arts and designing, hotel and hospitality, architecture and
pure science. The other courses eligible for loans are distance learning
programs, air hostess training courses, SAP, GNIIT and ERP. The institutes
should be recognized by competent government body or even by AICTE.
Features and Benefits offered by HDFC Bank:
- The maximum amount of loan
granted for education in
- Repayment of loan commences either one year after the course ends or six months after one gets a job. It depends on which one is earlier to the other.
- Tenure of seven years is available for the loans and the customers also get tax benefit.
- The entire procedure is hassle free and approvals are given at the earliest.
- Candidates may also fill and submit the online application form available. The representatives of the bank get in touch with the applicants as soon as possible.
Expenses Covered by the Loans:
- The expenses covered by HDFC Bank education loan includes money to be paid as college and hostel charges, examination fees, library and laboratory fees, refundable deposit, caution deposit and other charges.
- The loan also covers travel expenses for studying abroad, essential articles required for completing the course and other educational costs.
In order to learn more about moratorium period and interest
rates, browse through http://www.hdfcbank.com/
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