Why For/Purpose /Objective:
HDFC gives loans to students to partly meet their educational expenses / costs for pursuing specific higher educational courses at institutes approved by HDFC. Loans are given to students who are citizens of India . The student should have a consistently good academic record, and admission to an approved Educational Institute for pursuing a recognized course.
Eligibility Criteria
Students enrolled with an approved Educational Institute and desirous of availing the education loan can make an application, with the earning parent / guardian being the co-applicant to the loan. Currently, new entrants and existing students of only select leading national educational institutions are eligible to apply for education loans. Please check with your nearest HDFC Office for the list of approved institutions.
Quantum/ Amount of Loan
Studies in India:
- Student Loans Upto Rs. 15 Lakhs for education In India.
- Unsecured Lending Upto INR 7.5 Lakhs.
- No Collateral Or Third Party Guarantee**
- Wider Range Of Collateral For Loans Above INR 7.5 Lakhs
- Residential Property
- HDFC Bank Fixed Deposit
- LIC/NSC/KVP
Studies Abroad
- Student Loans Upto Rs. 20 Lakhs for education Abroad.
- Unsecured Lending Upto INR 7.5 Lakhs.
- No Collateral Or Third Party Guarantee **
- Wider Range Of Collateral For Loans Above INR 7.5 Lakhs
- Residential Property
- HDFC Bank Fixed Deposit
- LIC/NSC/KVP
Repayment/Tenures:
Repayment to start 1 year after course completion / 6 months after obtaining employment (whichever is earlier)
Contact
Delhi Tel: 011- 41514332,
Bangalore Tel: 080- 66003333,
Chennai Tel: 044- 66003333,
Hyderabad Tel: 040-66003333,
Kolkata Tel: 033-22103838,
Mumbai Tel: 022- 28561818.
Website
www.hdfc.com
