Education Loan Eligibility Criteria of HDFC Bank
HDFC Bank offers Education loans to match all of your education funding needs and If you want to take the Education Loan from HDFC Bank, you must have passed at least class 12th of equivalent examination. HDFC bank offers study loan for study in India and abroad to bridge the gap between you and higher education.
Important Documents for taking Education Loan
Admission approval of the institute or college, certificate of the last course attended. For salaried parents: six month salary slip of the parent, IT Form16, Bank statement. For self employed parents: 3 years’ income tax return, profit and loss statement and balance sheet.
Processing Period
With in a period of fifteen days.
Maximum Amount
40% of the market value of mortgage or on the income of the Parent (for studies either in India or abroad)
HDFC Bank Education Loan Rate of Interest
For study in India: 13.25% on annual reducing balance.
In this case the collateral and the third party guarantee are required.
Repayment of Loan：Soon after the loan is disbursed.
HDFC Bank Head Office：
Ramon House,169 Backbay Reclamation,
H T Parekh Marg, Churchgate, Mumbai- 400 020.