2023 2024 Student Forum > Management Forum > Main Forum

 
  #2  
19th November 2015, 03:04 PM
Super Moderator
 
Join Date: May 2012
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


Quick Reply
Your Username: Click here to log in

Message:
Options

Thread Tools Search this Thread



All times are GMT +5. The time now is 08:09 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
SEO by vBSEO 3.6.0 PL2

1 2 3 4