HDFC Bank provides Education Loans
Housing Development Finance Corporation Limited or shortly call as HDFC Bank started its function in the year 1995 as a scheduled industrial bank. It is one of the Indian banks, which proffer education loans to students keen to pursue higher education in India or abroad. roll down the page to find out more about HDFC Bank education loans.
applicant Eligibility essential for Education Loan
Applicant keen to apply designed for HDFC Bank education loan should be Indian Nationals. Applicants must be between 16-35 years of age. Collateral refuge is necessary for loans is over Rs. 7.5 laces. A co-applicant is obligatory if you are applying for full time courses.
Eligible Courses
The suitable courses for HDFC student loan are undergraduate and postgraduate courses in the fields of management, engineering, medicine, computer applications, fine arts and designing, hotel and hospitality, architecture and pure science. The other courses suitable for loans are distance knowledge programs, air hostess training courses, SAP, GNIIT and ERP. The institutes should be acknowledged by competent government body or else by AICTE. Characteristics and Benefits obtainable by HDFC Bank
- The maximum amount of loan decided for education in India is Rs.10 laces and Rs. 20 laces for education in abroad. The rate of interest offered is attractive.
- Repay of loan commences either one year after the course ends or six months after one gets a job. It depends on which one is earlier to the other.
- Residence of seven years is available for the loans and the customers also get tax benefit.
- The entire procedure is harassed free and approvals are given at the earliest.
- Applicant may too fill as well as submit the online application form available. The representatives of the bank get in contact with the applicants as soon as possible.
Expenses Covered by the Loans
- The expenses covered by HDFC Bank education loan includes money to be paid as college and hostel charges, examination fees, library and laboratory fees, refundable deposit, caution deposit and other charges.
- The loan also covers travel expenses for studying abroad, vital articles necessary for finishing the course and other educational costs.
In order to learn more about moratorium period and interest rates, browse through http://www.hdfcbank.com/
