Indian Loans

hii sir, I wants to get the details of the Education loan of the HDFC bank for the Indian Education will you please provide me the details of the Education loan of the HDFC bank?

[Kiran Chandar]

As you asking for the details of the Education loan of HDFC bank the details of the HDFC Education loan is as follow :


Features of the Education loan of the HDFC bank

Amount limits: Get Education Loan upto Rs. 10 lakh and unsecured lending upto Rs. 7.5 lakh. No collateral will be required for loans upto Rs. 7.5 lakh

Wider collateral options: offer a wide range of bank approved collateral securities like Residential Property, HDFC Bank Fixed Deposit, LIC, NSC or a KVP policy.

Loan Tenure: The maximum repayment tenure is upto 15 years post moratorium period.

Tax Rebate: Did you know that you are eligible for a tax rebate for the interest you pay on an education loan under Section 80-E of the Income Tax Act 1961

Eligibility Criteria :
You need to be a Indian resident
You should be aged between 16 - 35 years.
If you are taking a loan of more than Rs. 7.5 Lakh, a collateral security will be required.
Co-applicant: A co-applicant is mandatory for all full time programs. Co-applicant could be Parent/ Guardian or Spouse (if married) / Parent-in-law (if married).

Documents required :

SSC,HSC,Graduation Marksheets
Age Proof
Signature Proof
Identity Proof
Residence Proof
Income Documents Salaried
Latest 2 Salary Slips carrying date of joining details
Latest 6 Months Bank Statement of the Salary Account.

Self Employed
Last 2 Year ITR with Computation of Income
Last 2 Years Audited Balance Sheet
Last 6 Months Bank Statement
Proof of Turnover (Latest Sales / Service Tax Return)
Self Employed - Professional
Last 2 Year ITR with Computation of Income
Last 2 Years Audited Balance Sheet / P& L
Last 6 Months Bank Statement

Proof of Qualification
Others Completed Application Form
Latest Photograph (Signed Across)
Documentation ( Post Sanction )

for more details you may go the nearest branch of HDFC bank