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HDFC Bank Education Loan : Every student can get a loan of 45 lakhs, know about eligibility and online application process

HDFC Bank Education Loan|HDFC Bank Education Loan: Every student can get a loan of 45 lakhs. Know about eligibility and online application process

HDFC Bank Education Loan provides an easy facility for students to complete their higher education in any institution in the country and abroad. HDFC Bank Education Loan allows students to avail loans up to ₹45,00,000. This article provides complete information about HDFC Bank Education Loan and its eligibility criteria.

HDFC Bank Education Loan HDFC Bank Education Loan

HDFC Bank Education Loan can be applied both online and offline and you get up to 15 years to repay the loan. If you have a good CIBIL score, you can avail an unsecured loan. You can calculate the installment amount for your loan very easily with the help of HDFC Education Loan Calculator.

HDFC Bank Education Loan Interest Rate

If you want to take an Education Loan under HDFC Bank, the interest rate starts from 9.55% per annum. HDFC Bank offers educational loans to students at attractive rates, and at the same time, you can repay them over a longer period of time. If your loan interest rate is high, your EMI also becomes high.

HDFC Bank Education Loan 2023 for Study in India

You can avail loan from any institution in India for higher education. Under the loan, you get a maximum amount of up to ₹30,00,000 for education in India, and without any collateral, you can take a loan of ₹7,50,000 very easily. For loans above ₹7.5 lakh, you have to provide someone’s guarantee. You are not charged any hidden fees in this loan process, and you can apply for the loan online using minimum documents.

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HDFC Bank Education Loan for Study Abroad

You can get an education loan of up to ₹45,00,000 from HDFC Bank to complete your studies abroad. You get a loan at a very easy interest rate and up to 14 years for loan repayment. If you study abroad, your college/university fees, your living and boarding expenses and the entire cost of your studies are covered by this education loan.

Eligibility Criteria for HDFC Bank Education Loan 2023

Eligibility for India

The person applying for the loan should be a resident of India and their age should be between 16 years to 35 years. Any of their parents or spouse-in-law can apply for the loan. You can take this loan for pursuing higher education in all recognized institutions in India.

Eligibility for foreigner

Applicant must be a resident of India. Applicant’s parents, husband, wife or in-laws can apply for this. In some cases, you may also be required to provide collateral for this loan. It is very important to get admission in your college before applying for a loan.

Documents Required for HDFC Bank Education Loan

Documents for India
Admit letter after taking admission in any institution
10th, 12th and Graduation Marksheet
Proof of age
Certificate of Identity
Residence Certificate
Filled application form for loan
Passport size photograph
If you are a salaried person, last 6 months bank statement and last 2 months salary slip.
If you are self-employed, last 2 years ITR, 6 months bank statement and documents related to your business registration.
Documents for foreigners
Loan application form, along with passport size photograph of parents or applicant and their own passport size photograph.
For photo identity card, you can provide any.

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How to Apply for HDFC Bank Education Loan?

  • Visit the HDFC Bank website or any HDFC Bank branch near you.
  • Fill the loan application form with all necessary details.
  • Attach all the required documents with the application form.
  • Submit the application form along with the required documents to the HDFC Bank representative.
  • Wait for the bank to review your application and contact you.
  • You can also apply for a loan online by following these simple steps:
  • Visit the HDFC Bank website and go to the Education Loans section.
  • Fill the online application form with all necessary details.
  • Attach all the required documents with the application form.
  • Submit the application form online.
  • Wait for the bank to review your application and contact you.

HDFC Bank Education Loan Important Link

HDFC Bank Website: Click Here
Home Page: Click here

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