HDFC BANK EDUCATION LOAN APPLY ONLINE | INTEREST RATE |

December 18, 2022 Bank Loan, Education Loan, Loan In English Leave a comment 3,158 Views

HDFC Education Loan -: This is the best bank in India in the field of providing HDFC Bank Education Loan which provides loan to study in India as well as abroad. The interest rates for education loan of this bank starts from 9.65% p.a. which is comparable to other Best compared to banks as there is very less process to go through to avail education loan.

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Housing Development Finance Corporation Limited HDFC offers a variety of education loans to Indian students applying for college admission in Indian and foreign colleges HDFC Education Loan removes the problem of doubt and secure Full transparency to applicants at the time of loan approval promises to

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This HDFC Education Loan is provided by UGC AIIMS for pursuing higher education in various disciplines in recognized colleges. Any student can avail HDFC Bank Education Loan by following the scanned terms and conditions.

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HIGHLIGHTS:

loan name	HDFC ADDITIONAL LOAN
name of lender	HDFC Bank
Rate of interest	Starting at 9.55% p.a.
loan tenure	maximum 15 years
Loan	For Indian education – up to Rs 30 lakh loan up to Rs.45 lakh for overseas education
application mode	online / offline
official website	www.hdfcbank.com

HDFC BANK EDUCATION LOAN INTEREST RATE

Present interest rate of education loan . HDFC Bank offers Education Loan to its customers at attractive interest rates starting from 55% per annum. Education Loan interest rate impacts your EMIs. Higher the loan interest rate, higher will be the loan EMI.

Education Loan for Indian Education

Under HDFC Education Loan you can get loan amount up to Rs.30 Lakh
You can get a loan up to 7.5 lakh without any collateral
The loan process is completely transparent with no hidden charges
And in this you can apply for the loan with minimal and simple documentation
The disbursement of loan to the institution will be proved on the basis of its fee structure
Applicant can avail pocket friendly EMI repayment option to meet their needs
If you borrow more than 7.5 lakhs, then it is mandatory to give collateral .
section 80A of the Income Tax Act , 1961 along with a deduction on the interest you pay on the HDFC Education Loan
You will be provided with preferential interest rates if you take admission in a top university
You can avail insurance on your loan

Education loan for overseas education

Under HDFC loan you can get loan amount up to Rs 45 lakh
You will be provided with preferential interest rates if you take admission in a top university
The tenure of this loan is up to 14 years including the moratorium period .
These costs are covered under HDFC Bank Education Loan
- College All tuition fees determined by the university
- 100% of other expenses including living and hostel expenses, traveling expenses, examination fees, library laboratory fees
- shopping for books equipments uniforms
- Money to Study in India
- Purchase of computer laptop as deemed necessary to complete the course as decided by HDFC Credit Cradila
- travel fare
In some cases it is necessary to give movable or immovable

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HDFC BANK EDUCATION LOAN Eligibility Criteria

Eligibility for Indian Education

Applicant must be an Indian citizen
Applicant age should be between 16 to 35 years
co-applicant is mandatory
Co-applicant’s parent can be guardian or husband wife father-in-law
The student must have obtained admission to a higher education course through an entrance test merit-based selection process in recognized institutions in India or abroad.

If you want to take a loan for foreign education, then the following are the eligibility criteria which are given below

Eligibility for overseas education

Applicant must be an Indian citizen
Co-applicant must be an Indian citizen
Ability to grant bail for certain cases
Co-borrowers should have a bank account with any bank in India with check writing facility
Confirmation of admission in colleges before disbursement.

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HDFC BANK EDUCATION LOAN FEES & CHARGES

& charges on the education loan, which are given to you in the table below

processing charge	1% of Taurus Minimum Rs 1000
lick accidental charge	real
Stamp duty and other statutory charges	according to applicable state laws
full payment fee	4% of the prepend balance outstanding
Loan cancellation fee	zero
Post loan disbursement charges
EMI Fee for late payment of	24% p.a. on outstanding unpaid EMI amount from EMI due date
Check ACH swapping fee	₹500
duplicate repayment schedule fee	₹200
Low Re Booking Re Scheduling Fee	up to ₹1000
EMI return charges	up to ₹550

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& Charges for overseas education

prepayment fee	Zero
No Objection Certificate NOC	Zero
late payment charges	2% p.m. installment ( MI/PMII) + applicable taxes thereon
Statutory CERSAI Fee	the fee imposed by CERSAI
Check or ACH medent or Direct Debit swapping fee	₹500 per swap instance and applicable taxes thereon
Check ACH Direct Debit Bouncing Fee	₹400 per check ACH or Direct Debit return per presentation plus any applicable taxes thereon
legal contingency fee	on real
Stamp duty and other statutory charges	according to state minor laws
manual collection charge	₹200 per visit plus any applicable taxes thereon
Charges for updation and maintenance of loan account as per customer request	₹1500 plus any taxes applicable thereon
origination fee	1.5% + Taxes of the acceptance amount and is non-refundable

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Documents required for HDFC Bank Education loan

Documents required for taking education loan in India

Duly filled application form.
two passport size photos
Graduation Second Year School Certificate or High School Certificate Marksheet
KYC documents such as ID and age proof are included
signature proof
Parent or guardian income proof
Documentation for real estate FD etc if collateral is required

If a student is interested in doing education in another country, then the documents required for that

Duly filled application form.
Two passport size photographs.
KYC documents which include it’s residence and age proof.
A copy of the details of the final examination answers to us certificates.
Proof of admission to the course at the University.
COURSE COST SCHEDULE
If you have received a scholarship, a copy of Chhatrapati Parivar is required
Farming You have copy of foreign exchange permit
Delivers the bank account statement of the parent or guardian for the last six months.
Determination of the step parent or guardian for the last 2 years.
The security given for the collateralized reena should be submitted. You may also have to find a lawyer and submit reports about his marketability, mortgage ability, etc.
Proof of source of margin required.

HOW TO APPLY FOR HDFC BANK EDUCATION LOAN

If you fulfill all the conditions of this education loan, then you can apply for this loan. You can apply for this loan through both online and offline mode, we will tell you step by step below about the procedures to apply. You can take loan by following them

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To apply online, you must first go to the official site of the bank.
Now you will see a form on the home page of the website
In this, first of all you have to select the loan in the produce type
After that select Education Loan and click on the option of Apply Online
From here you will directly come to the official website of Vidyalakshmi Portal
You can easily apply for this loan after visiting the website

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OFFLINE APPLY FOR HDFC BANK EDUCATION LOAN

To apply offline, you must first visit your nearest HDFC Bank branch
You have to contact the bank employee by going to the bank
The bank employee will tell you all the information related to the loan
After that you documents will be verified
You will then be given an education loan application form
Enter the information sought in the form correctly and attach the documents
and deposit it in the bank
In this way your offline application will be completed, in this way you can apply offline

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