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Know everything about HDFC Bank Education Loan

HDFC offers various education loans to Indian students applying for admissions in Indian and foreign colleges. 

Some of the benefits of applying for an educational loan with HDFC Bank are listed on the next slide:

- Low-interest rate - Less paperwork - Faster Disbursal - Hassle-free application process - No collateral Required

The HDFC Education Loans are available in the following two variants: - HDFC Bank Education Loan - HDFC Education Loan for Abroad

The HDFC Education Loan Interest Rate can be ranged between 9 – 14% for courses in India as well as abroad. 

The documents required for HDFC Education Loan are listed on the next slide:

- Address proof - Identification card - Application form - Passport-size photographs - Admission Letter - Income proof of the guarantor

- Collateral Security documents - GRE/IELTS/TOEFL/GMAT Score - 10th and 12th mark sheets - Latest 6 Months Bank Statement of the Salary Account. - Latest 2 Salary Slips carrying the date of joining details

The three options for repaying an HDFC Bank education loan are as follows. - Standing Instruction (SI) - Electronic Clearing Service (ECS) - Post-Dated Cheques (PDCs)