#EligibilityandDocuments

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HDFC Education Loan: Interest Rates,Student Loan: Apply Online

HDFC Bank Education Loan- Student Loan in India

  Eligibility Criteria  You need to be a Indian resident You should be aged between 16 - 35 years. If you are taking a loan of more than Rs. 7.5 LakWhy take an Education Loan from HDFC Bank?h, a collateral security will be required. Co-applicant: A co-applicant is mandatory for all full time programs. Co-applicant could be Parent/ Guardian or Spouse (if married) / Parent-in-law (if married). Co applicant: A co-applicant is required for all full time courses. Here are a few points to be noted about co-applicants: Primary Co-Applicants:  Parents, Spouse, Siblings Secondary Co-Applicants: Father-In Law, Mother-In-Law, Brother-In-Law, Paternal / Maternal Uncle / Aunt Here is an exhaustive list of the documents that you will need for the student loan: Category Applicant Student Academic Institute Admission Letter with Fee break-up SSC,HSC,Graduation Marksheets KYC (Know Your Customer) Age Proof Signature Proof Identity Proof Residence Proof Income Documents Salaried Latest 2 Salary Slips carrying date of joining details Latest 6 Months Bank Statement of the Salary Account. Self Employed Last 2 Year ITR with Computation of Income Last 2 Years Audited Balance Sheet Last 6 Months Bank Statement Proof of Turnover (Latest Sales / Service Tax Return) Self Employed - Professional Last 2 Year ITR with Computation of Income Last 2 Years Audited Balance Sheet / P& L Last 6 Months Bank Statement Proof of Qualification Others Completed Application Form Latest Photograph (Signed Across) If appointment letter does not mention Joining Details, then applicant has to submit appointment letter of the current employer. Proof of continuity from previous employer is required if co-applicant is in current job for less than 1 year at the time of loan application Documentation (Post Sanction).

Benefits of Educational Loan In India

Avail tax benefits under section 80(E) of income tax Act 1961 Flexible repayment options Option to avail insurance cover for your loan

  Why take an Education Loan from HDFC Bank?

Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products. Enjoy triple benefits when you take an Education Loan from HDFC Bank: Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service. Competitive pricing – Our loan rates and charges are very attractive Transparency – All charges are communicated up front in writing along with the loan quotation  

Education Loan for Indian Education Interest Rates & Charges

Enclosed below are HDFC Bank Education Loan for Indian Education Interest Rates & Charges Here is an exhaustive list of all the fees and charges to be paid for the education loan:   Description of Charges Education Loan Loan Processing Charges Maximum up to 1% of the loan amount as applicable. Pre-payment charges Upto 4% of the Outstanding Balance prepaid, if loan is foreclosed/ part perpaid during Moratorium (along with and in addition to due/accrued interest, if any, and other amounts due and/or payable by the Borrower to the Bank). No prepayment charges will be charged if loan is foreclosed / part prepaid any time after expiry of the Moratorium. No Due Certificate / No Objection Certificate (NOC) Nil Duplicate of No Dues Certificate/NOC Nil Solvency Certificate Not applicable Charges for late payment of EMI @ 24 % p.a. on overdue/unpaid EMI amount outstanding from EMI due date Credit assessment charges Not applicable Non standard repayment charges Not applicable Cheque / ECS swapping charges Rs. 500/- per instance Duplicate Repayment Schedule Charges Rs. 200/- Loan Re-Booking/Re-Scheduling Charges Upto Rs. 1000/- EMI Return Charges* Rs.550/- per instance Legal / incidental charges At actual Loan Cancellation Charges Nil cancellation charges. However, interest for the interim period (date of disbursement to date of cancellation), CBC/LPP charges as applicable would be charged and Stamp duty will be retained *Terms & conditions apply Rates offered to customer during the period of Oct'15 to Dec'15 Min IRR Max IRR Avg IRR 10.10% 15.50% 12.64% Annual Percentage Rate offered to customer during the period of Oct'15 to Dec'15   Min IRR Max IRR Avg IRR 10.10% 15.94% 12.70%                                                              Read the full article

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HDFC Education Loan: Interest Rates,Student Loan: Apply Online

HDFC Bank Education Loan- Student Loan in India

  Eligibility Criteria  You need to be a Indian resident You should be aged between 16 - 35 years. If you are taking a loan of more than Rs. 7.5 LakWhy take an Education Loan from HDFC Bank?h, a collateral security will be required. Co-applicant: A co-applicant is mandatory for all full time programs. Co-applicant could be Parent/ Guardian or Spouse (if married) / Parent-in-law (if married). Co applicant: A co-applicant is required for all full time courses. Here are a few points to be noted about co-applicants: Primary Co-Applicants:  Parents, Spouse, Siblings Secondary Co-Applicants: Father-In Law, Mother-In-Law, Brother-In-Law, Paternal / Maternal Uncle / Aunt Here is an exhaustive list of the documents that you will need for the student loan: Category Applicant Student Academic Institute Admission Letter with Fee break-up SSC,HSC,Graduation Marksheets KYC (Know Your Customer) Age Proof Signature Proof Identity Proof Residence Proof Income Documents Salaried Latest 2 Salary Slips carrying date of joining details Latest 6 Months Bank Statement of the Salary Account. Self Employed Last 2 Year ITR with Computation of Income Last 2 Years Audited Balance Sheet Last 6 Months Bank Statement Proof of Turnover (Latest Sales / Service Tax Return) Self Employed - Professional Last 2 Year ITR with Computation of Income Last 2 Years Audited Balance Sheet / P& L Last 6 Months Bank Statement Proof of Qualification Others Completed Application Form Latest Photograph (Signed Across) If appointment letter does not mention Joining Details, then applicant has to submit appointment letter of the current employer. Proof of continuity from previous employer is required if co-applicant is in current job for less than 1 year at the time of loan application Documentation (Post Sanction).

Benefits of Educational Loan In India

Avail tax benefits under section 80(E) of income tax Act 1961 Flexible repayment options Option to avail insurance cover for your loan

  Why take an Education Loan from HDFC Bank?

Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products. Enjoy triple benefits when you take an Education Loan from HDFC Bank: Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service. Competitive pricing – Our loan rates and charges are very attractive Transparency – All charges are communicated up front in writing along with the loan quotation  

Education Loan for Indian Education Interest Rates & Charges

Enclosed below are HDFC Bank Education Loan for Indian Education Interest Rates & Charges Here is an exhaustive list of all the fees and charges to be paid for the education loan:   Description of Charges Education Loan Loan Processing Charges Maximum up to 1% of the loan amount as applicable. Pre-payment charges Upto 4% of the Outstanding Balance prepaid, if loan is foreclosed/ part perpaid during Moratorium (along with and in addition to due/accrued interest, if any, and other amounts due and/or payable by the Borrower to the Bank). No prepayment charges will be charged if loan is foreclosed / part prepaid any time after expiry of the Moratorium. No Due Certificate / No Objection Certificate (NOC) Nil Duplicate of No Dues Certificate/NOC Nil Solvency Certificate Not applicable Charges for late payment of EMI @ 24 % p.a. on overdue/unpaid EMI amount outstanding from EMI due date Credit assessment charges Not applicable Non standard repayment charges Not applicable Cheque / ECS swapping charges Rs. 500/- per instance Duplicate Repayment Schedule Charges Rs. 200/- Loan Re-Booking/Re-Scheduling Charges Upto Rs. 1000/- EMI Return Charges* Rs.550/- per instance Legal / incidental charges At actual Loan Cancellation Charges Nil cancellation charges. However, interest for the interim period (date of disbursement to date of cancellation), CBC/LPP charges as applicable would be charged and Stamp duty will be retained *Terms & conditions apply Rates offered to customer during the period of Oct'15 to Dec'15 Min IRR Max IRR Avg IRR 10.10% 15.50% 12.64% Annual Percentage Rate offered to customer during the period of Oct'15 to Dec'15   Min IRR Max IRR Avg IRR 10.10% 15.94% 12.70%                                                              Read the full article