2023 2024 Student Forum > Management Forum > Entrance Exams

 
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21st December 2015, 11:50 AM
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Join Date: Apr 2013
Re: Getting a Student Loan from a Bank

HDFC Bank Limited is an Indian banking and financial services company which was incorporated in 1994. It is the 5th largest bank in India as measured by assets. It is the largest private sector bank in India by market capitalization as of February 2014.

Features of Education Loans for education in India

Focus on pursuing the course of choice and securing a great education.

Leave the hassle of documentation and finances of Education Loan to us.

Here are a few features of the loan:


• 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:
It offer a wide range of bank approved collateral securities like Residential Property, HDFC Bank Fixed Deposit, LIC, NSC or a KVP policy for a higher amount than Rs. 7.5 lakh for loan.

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

• Tax Rebate:

• It provides Loan services at one’s doorstep.
• Loans are directly disbursed to the educational institution as per the fee structure.
• Avail access to some other great products and services that it offers.
• As its customer for a student loan, one can also get a special privilege of choosing the Insurance Protection - Credit Protect from HDFC LIFE.

Benefits of an Education Loan from HDFC Bank:
• Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.
• Competitive pricing – Our loan rates and charges are very attractive
• Transparency – All charges are communicated up front in writing along with the loan quotation

Documents need to submit for subsequent disbursements:

• Subsequent Disbursement Request Letter From Applicant and Co-Applicant/s
• University Fee Demand Letter
• Applicant's Academic Progress Report (Previous Semester)
• Revised Repayment Instructions - PDCs / ECS / SI plus 3 security PDCs in case of ECS and SI mode of repayment.


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