#1
19th November 2015, 03:03 PM
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Get Education Loan
Hello buddy I’m thinking to take an education loan on my MBA program from HDFC bank for that will you please get some information about the loan?
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#2
19th November 2015, 03:04 PM
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Re: Get Education Loan
Feel free buddy I will help you here to get the information about the education loan of HDFC bank so that you can have idea about it. Here is the information about the loan Amount limits: 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: They offer a wide range of bank 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. Interest rates and other charges Loan Processing Charges Maximum up to 1% of the loan amount as applicable. Pre-payment charges* Upto 4% of the Outstanding Balance prepaid, if loan is foreclosed/ part perpaid during Moratorium Charges for late payment of EMI 24 % p.a. on overdue/unpaid EMI amount outstanding from EMI due date Cheque / ECS swapping charges Rs. 500/- per instance Duplicate Repayment Schedule Charges Rs. 200/- Loan Re-Booking / Re-Scheduling Charges Upto Rs. 1000/- EMI Return Charges* Rs.550/- per instance Rates offered to customer during the period of July'15 to Sep'15 Min IRR Max IRR Avg IRR 10.10% 15.50% 12.57% Annual Percentage Rate offered to customer during the period of Jul'15 to Sep'15 Min APR Max APR Avg APR 10.10% 15.50% 12.62% Address:- HCFC Bank HDFC Bank House, Senapati Bapat Marg Lower Parel (W), Mumbai - 400 013. Phone:- 91 - 22 - 6652 1000 |