HDFC Bank

With HDFC bank student education loans, pursue your dream higher studies without worrying for financial assistance. We provide student education loans for all Graduate, Post-Graduate, Engineering, Medical, MBA , Vocational Courses (Multi-Media, ERP) offered by recognized institutions in India. No more running from pillar to post for availing student loans! Our friendly sales managers will guide you in every step to make your dreams into reality.

Eligibility

• You need to be an Indian National.


• You should be aged between 16 - 35 yrs.


• Collateral is required for all loans greater than Rs. 7.5 Lakhs.


• All Loans require a co-applicant.


• For complete details on eligible courses and other details

Fees & Charges for Educational Loan

• Loan Processing Charges: Upto a maximum 2% of the loan amount


• Prepayment (upto 6 months of repayment): No pre-payment permitted


• Pre-payment charges (after 6 months of repayment): Upto 4% of the Principal Outstanding


• No Due Certificate / No Objection Certificate (NOC): Nil


• Solvency Certificate: Not applicable


• Charges for late payment of EMI: @ 24 % p.a. on amount outstanding from date of default


• Credit assessment charges: Not applicable


• Non standard repayment charges: Not applicable


• Cheque swapping charges: Upto Rs. 500/- per event


• Loan Re-Booking / Re-Schedulement Charges: Upto Rs. 1000/-


• Bounce Cheque Charges: Upto Rs. 450/- per Bouncing


• Legal / incidental charges: At actual


• Stamp Duty & other statutory charges: As per applicable laws of the state

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Posted in: Scholarships