Welcome friends, today we will talk about How to get HDFC Bank Education Loan, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.
Any student can take education loan to meet any expenses related to his education . Like other banks, HDFC Bank also provides customers Education Loan provides the facility of In this article we will know in detail that hdfc education loan What is the interest rate , eligibility, documents of this loan and how can we apply for this loan, etc. , so read this article till the end .
HDFC Bank Education Loan 2024
Student Loan A unsecured loan comes under the category of Before taking this loan, the customer’s credit is given by the bank. CIBIL Score is also checked . All the students who want to get Student Loan for any course in India or outside India ( HDFC Bank Education Loan for Foreign Education) in any country. HDFC Student Loan can apply for _ You can apply for this loan (Student Loan) both online and offline . The loan tenure of HDFC Education Loan is up to 15 years . HDFC Bank mainly provides three types of student loans to the customer, about which we will know in detail in this article .
HDFC Bank Education Loan Overview
- Loan Name: X Education Loan 2024
- Customer Name: HDFC Bank
- Interest Rate: 9.55%
- Lone Time: Game 15 Years
- Rashi Loan: For Indian Education – Up to Rs 30 lakh
- For Overseas : Loan Loan up to 45 Lakh Lakhs
- Application Mode: Online / Offline
- Official Website: https://www.hdfcbank.com/
- Wiki of HDFC Bank
HDFC Educational Loan Interest Rate 2024
this student loan currently starts from 9.55 % per annum . HDFC Bank provides student loan to the customers at attractive interest rates . Just as personal loan before we take Personal loan interest rate. It is important to have information about, in the same way , before taking education loan , we Education loan interest rate 2023 It is necessary to have information about Student loan interest rate affects your EMI .
Education Loan For Indian Education:
Qualities:
- Under this loan, you can get loan amount up to Rs 30 lakh .
- You can get loan up to Rs.7.5 lakh without any collateral .
- The loan process is completely transparent . No Hidden Charges .
- Apply for a loan with minimal and simple documentation .
- The loan will be disbursed directly to the institution based on its fee structure .
- Applicants can avail pocket-friendly EMI repayment option to meet their needs .
- If you take a loan amount more than Rs 7.5 lakh, then it is mandatory to give collateral .
- section 80E of the Income Tax Act 1961 , you HDFC Student Loan But the benefit of tax benefits is given along with a rebate on the interest you pay .
- will be provided Preferential Interest Rates on taking admission in a top university .
- can take advantage of insurance on your loan .
for Foreign Education
Qualities:
- Under this loan, you can get an unsecured loan up to Rs 45 lakh .
- will be provided Preferential Interest Rates on taking admission in a top university .
- Loan tenure of this loan Up to 14 years including the moratorium period .
- This HDFC Bank Education Loan The following costs will be covered under:
- All tuition fees fixed by the College/University .
- 100% of other expenses including living and hostel charges , travel expenses , examination fees , library/laboratory charges .
- Purchase of books/instruments/equipment/uniforms .
- Passing money for studies in India .
- Purchase of Computers/Laptops as deemed necessary to complete the course as decided by HDFC Credila .
- Travel fare |
- Collateral (movable or immovable) in some cases It will be mandatory to give
HDFC Education Loan Eligibility Criteria
If you fulfill all the conditions of this Education Loan then you can easily apply for this loan .
Eligibility for Indian Education:
- Applicant must be a permanent resident of India .
- Applicant’s age should be between 16 to 35 years .
- It is mandatory to have a co-applicant .
- Co-applicants can be parents/guardians , or spouse/father -in-law .
- The student should have secured admission in higher education courses through entrance test/ merit based selection process in recognized institutions in India or abroad .
Eligibility for overseas education:
- Applicant must be a citizen of India .
- The co-applicant must be an Indian citizen .
- Ability to grant bail in certain cases .
- The co-borrowers should have a bank account with any bank in India with check writing facility .
- Confirmation of admission in colleges before disbursement .
HDFC Bank Education Loan Documents Required
Before applying for the loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately . To apply for HDFC Bank Student Loan , you must have the following documents:
Documents for Indian Education:
Pre Sanction :
- Academic:
- Institute Admit Card with Fee Break-up
- ssc , hsc , graduation marksheet
- KYC:
- age proof
- signature proof
- identity proof
- Residence proof
- Other:
- Filled Application Form .
- Latest Photograph |
- Income Document – For Salaried :
- Latest 2 Pay Slip Contains Joining Details .
- Salary Account Latest 6 Months Bank Statement |
- Income Document – Self Employed:
- ITR of last 2 years along with computation of income .
- Audited Balance Sheet for the last 2 years .
- Bank statement of last 6 months .
- Proof of Business (Latest Sales / Service Tax Return) .
- Income Document – Self Employed – Professional:
- ITR of last 2 years along with computation of income .
- Last 2 Years |
- Bank statement of last 6 months .
- Proof of Eligibility |
Post Sanction:
- Loan Agreement – Applicant and complete loan agreement signed by the co-applicant .
- Repayment Instructions – Security PDCs in case of PDCs/ACH or SI Mandate 3 ACH and SI repayment mode.
Documents for foreign education:
- Passport size photograph of applicant and co-applicant .
- Photo Identity Card – Applicant and Co-applicant (Any one of the following):
- Permanent Account Number (PAN) Card
- Passport
- driving license
- Aadhar Card
- voter id card
- Residence Proof – Applicant and Co-applicant (Any one of the following):
- Passport
- driving license
- Aadhar Card
- voter id card
- Proof of Admission (if available) – Admit card printed on its letterhead from the Institute with the address of the Institute .
- the co-applicant for the last 8 months .
- Income proof of co-applicant – in case of salaried employee (all of the following):
- 3 pay slips or salary certificate on employer’s letterhead .
- Form 16 for the last 2 years or Income Tax Return for the last 2 years from the employer .
- Any other income proof which is not reflected in the above documents .
- Income proof of co-applicant – in case of self-employed or professional (all of the following):
- last 2 years .
- Certified Financial Statements or Provisional Financial Statements for the last 2 years duly attested by CA.
- Proof of office (any one of the following , lease deed , utility bill , title deed , etc.)
- Any other income proof which is not reflected in the above documents .
Student’s academic documents:
- 12th Exam Marksheet/Certificate
- Marksheets / certificates of later years of education like BE , B.Com , B.Sc , etc.
- Marksheet of any entrance test like CAT , CET , etc. (if applicable) .
- GRE/GMAT/TOEFL/IELTS , etc. Marksheet (if applicable) .
- Scholarship Document (if applicable)
Collateral – Immovable Property – ( Flat , House , Non-Agricultural Land) (All relevant documents from the following list):
- property title deed
- 7/12 extract in case of land
- Registered Sale Agreement with Society Share Certificate
- Original registration receipt for the above agreement
- Allotment letter by Municipal Corporation / Authorized Govt. Authorities like MHADA , CIDCO , etc. Please add HUDA , DDA , JDA , GIDC etc.
- Establishment of previous series title of sale deed
- Latest maintenance bills along with receipts issued by the builder/ society
- latest property tax bills with receipts ,
- NOC for mortgage from the society/builder ,
- approved building plan
- Encumbrance certificate as on date etc.
How to apply for HDFC Education Loan ?
If you fulfill all the conditions of this student loan then you can apply online and offline for this loan . The information about the process of applying is given below:
HDFC Student Loan Apply Online
- To apply online, you must first visit the official website of the bank. hdfcbank.com But have to come
- You will see a form on the home page of the website .
- In this, first you have to select the loan in Product Type .
- After that select education loan and click on apply online option .
- From here you will directly come to the official website of Vidyalakshmi Portal .
How to apply offline ?
- To apply offline, you have to first go to your nearest HDFC Bank branch .
- You have to go to the bank and contact the bank employee .
- The bank employee will provide you all the information related to the loan .
- After that your documents will be verified .
- Then you will be given an education loan application form .
- Enter the information asked in the form correctly , attach your documents .
- and deposit it in the bank .
- In this way your offline application will be completed .
Education Loan EMI Calculator HDFC Bank
Before applying for the loan, you should calculate the EMI (Equated Monthly Installment) of your loan so that you can get an idea of how much you will have to pay at the time of loan repayment . You can go to the official website of the bank Education Loan EMI Calculator With the help of this you can calculate the EMI of your loan . The EMI of the loan depends on the loan amount , interest rate and loan tenure . As soon as you click on this link, the EMI Calculator for Education Loan will open in front of you . In this, you have to select the loan amount , interest rate and loan tenure, after that the EMI of your loan will appear in front of you .
HDFC Student Loan Fees & Charges
& Charges for Indian Education :
| processing charge | Up to 1% of loan amount , minimum Rs.1000 |
| legal / incidental charges | on the real |
| Stamp duty and other statutory charges | in accordance with applicable state laws |
| prepayment fee | 4% of prepaid of outstanding balance |
| loan cancellation fee | Zero |
Charges after loan disbursement:
| Charges for late payment of EMI | 24% p.a. on outstanding/unpaid EMI amount from EMI due date |
| Check/ACH Swapping Fee | 500 rupees |
| Duplicate Repayment Schedule Fee | 200 rupees |
| Loan Re-booking / Re-scheduling Charges | up to Rs.1000 |
| EMI refund fee | up to Rs.550 |
& Charges for for Foreign Education :
| prepayment fee | Zero |
| No Objection Certificate (NOC) | Zero |
| late payment charges | 2% Monthly Installment ( MI/PMII) + Taxes applicable thereon |
| Statutory CERSAI Fee | CERSAI as per the fee charged by |
| Check or ACH Mandate or Direct Debit Swapping Charges | Rs.500 per swap instance plus applicable taxes |
| Cheque/ACH/Direct Debit Bouncing Charges | 400 per check or ACH or direct debit return per presentation plus any taxes applicable thereon |
| legal / incidental charges | on the real |
| Stamp duty and other statutory charges | in accordance with applicable state laws |
| manual collection fee | Rs.200 per visit plus any tax applicable thereon |
| Charges for updation and handling of loan account as per customer’s request | 1500 plus any tax applicable thereon |
| origination fee | 1.5% + of the sanction amount is taxable and non-refundable |
HDFC Education Loan Customer Care Number
If you want to get any other type of information about this education loan, then you can get information by calling HDFC Bank Customer Care Number :
- Customer Care Number – 1800 202 6161 / 1860 267 6161
Conclusion:
In this article we have you provided complete information about HDFC Bank Education Loan 2024, Any student can take advantage of this loan to fulfill his education related needs .
If you are facing any kind of problem in applying for HDFC Education Loan, then you can get information by calling HDFC Bank customer care number . Hope friends you have found this article informative . If you liked this article then please share it with your friends .
FAQ’s
Q. How much loan amount does HDFC Bank provide under Education Loan ?
Ans. Rs 30 lakh for Indian education and Rs 45 lakh for foreign education .
Q. What is the interest rate of HDFC Education Loan ?
Ans. The interest rate starts from 9.55% p.a.
Q. HDFC Student Loan How to Get?
Ans. The complete procedure to apply for the loan is given in this article . You can apply for this loan by reading this article .
Q. What is HDFC Education Loan ?
Ans. When any student takes a loan to meet the needs related to his education, then it is called education loan .
Q. What is the age criteria for an applicant to qualify for education loan in HDFC ?
Ans. Applicant’s age should be between 16 to 35 years .