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HDFC Bank Education Loan
HDFC banks allow you to avail of an Education Loan that covers all aspects of higher education, including college fees, books, and accommodation costs.
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HDFC Bank Education Loan
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HDFC Bank Education LoanHere are a few factors
| Location | Any where in India or Abroad |
| Type of Education Funding | All type of PG Course (Mainly focused on Abroad course) |
| Applicant Age | 18 Year -39 Year |
| Co-Borrower Age | 21 Year-65 Year |
| Co-Borrower Mandatory | Yes |
| CIBIL Score | Co-Borrower :650+ |
| Loan Amount | 2 Lac- Any amount |
| Loan Tenure | 6 Month- 15 Year |
| Rate of Interest & Type | 11%- 14% Reducing |
| Processing Fees | 1% |
| TAT | 7 day |
| Moratorium Period | 3 Year but minimum interest has to be paid during Moratorium period |
| Foreclosure Charges | Nil after 6 month |
| Collateral Required | Upto 50 Lac Course No Collateral required |
| Negative Profile | No Negative Profile |
| USP | 1. Co-Borrower May be anyone 2. If Student receive offer letter from any abroad university he is eligible to apply |
HDFC Bank Education Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 9 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,745 |
| Total Interest | ₹ 4,942 |
| Loan Amount + Interest | ₹ 104,942 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 24,165 | ₹ 2,070 | ₹ 26,235 | ₹ 75,835 | 24.16 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 75,832 | ₹ 2,873 | ₹ 78,705 | ₹ 3 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Required Documents to Apply for HDFC Bank Education Loan
Salaried Co-Borrower
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KYC of Student
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KYC of Co-Borrower
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Last 3 Month Salary Slip of Co-Borrower
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Last 2 year form 16/ITR with computation of Co-Borrower
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Last 12 month Bank Statement of Co-Borrower
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Admission letter of student (if received)
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Course Fees details on School/College Letter head
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Latest Utility Bill of co-borrower if Owned premises else rent agreement if rented
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10th & 12th Marksheet of Student if applicable
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Course Fees detail on Scholl/College letter head
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Copy of sanction letter of all running loan
Self Employed Co-Borrower
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KYC of Student
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KYC of Co-Borrower
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Last 2 year ITR with computation of Co-Borrower
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Last 2 Year Balance sheet of Co-Borrower if available
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Last 12 month Bank Statement of Co-Borrower
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Admission letter of student (if received)
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Course Fees details on School/College Letter head
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Latest Utility Bill of co-borrower if Owned premises else rent agreement if rented
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10th & 12th Marksheet of Student if applicable
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Course Fees detail on Scholl/College letter head
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Copy of sanction letter of all running loan
About HDFC Bank Education Loan
Education Loans play an important part in your overall funding strategy. You can easily achieve your dream of STUDYING ABROAD or the course of your dream even if you have limited funds. It basically covers the cost of tuition, living expenses, books, and other necessary supplies required till the persuasion period. There are many types of Educational loans based on your preference of location, courses, and collateral.
We have location-based loans, Domestic Education loans, and Overseas Education loans & Course-based loans are Undergraduate Loans, Career Development Loans, Postgraduate Loans, and the last one collateral based loans are Loan Against Property, Deposits, Securities Third-Party Guarantees. However, HDFC Bank charges nothing and lets its customers enjoy a completely transparent process. HDFC lets its customers enjoy minimal and simple documentation.
Start with HDFC Bank Education Loan in few steps
If you are planning to apply for a Education loan at HDFC Bank there are certain details that you should be aware of, Let’s discuss
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
You can easily get an education loan from HDFC if you want to study abroad.
Yes, you can pay your education loan in one go at any time. If you are financially stable and want to do so, it may make sense to pay off your loan early.
The remaining interest for the moratorium period will be added to the loan balance at the start of the payback. When the payback period begins, the EMI will be calculated based on this sum.
The USP of HDFC education loan is; If a student has got the letter from the abroad university then all expenses can be financed irrespective of income.
Yes, the HDFC education loan can be availed for studying abroad. You just have to provide all the necessary documents.
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