HDFC Education Loan: Interest Rates,Student Loan: Apply Online
HDFC Bank Education Loan- Student Loan in India
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 LakWhy take an Education Loan from HDFC Bank?h, 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).
Co applicant:
A co-applicant is required for all full time courses. Here are a few points to be noted about co-applicants:
Primary Co-Applicants:
Parents, Spouse, Siblings
Secondary Co-Applicants:
Father-In Law, Mother-In-Law, Brother-In-Law, Paternal / Maternal Uncle / Aunt
Here is an exhaustive list of the documents that you will need for the student loan:
Category Applicant
Student
Academic Institute Admission Letter with Fee break-up
SSC,HSC,Graduation Marksheets
KYC (Know Your Customer)
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)
If appointment letter does not mention Joining Details, then applicant has to submit appointment letter of the current employer.
Proof of continuity from previous employer is required if co-applicant is in current job for less than 1 year at the time of loan application
Documentation (Post Sanction).
Benefits of Educational Loan In India
Avail tax benefits under section 80(E) of income tax Act 1961
Flexible repayment options
Option to avail insurance cover for your loan
Why take an Education Loan from HDFC Bank?
Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products.
Enjoy triple benefits when you take 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
Education Loan for Indian Education Interest Rates & Charges
Enclosed below are HDFC Bank Education Loan for Indian Education Interest Rates & Charges Here is an exhaustive list of all the fees and charges to be paid for the education loan:
Description of Charges
Education Loan
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 (along with and in addition to due/accrued interest, if any, and other amounts due and/or payable by the Borrower to the Bank). No prepayment charges will be charged if loan is foreclosed / part prepaid any time after expiry of the Moratorium.
No Due Certificate / No Objection Certificate (NOC)
Nil
Duplicate of No Dues Certificate/NOC
Nil
Solvency Certificate
Not applicable
Charges for late payment of EMI
@ 24 % p.a. on overdue/unpaid EMI amount outstanding from EMI due date
Credit assessment charges
Not applicable
Non standard repayment charges
Not applicable
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
Legal / incidental charges
At actual
Loan Cancellation Charges
Nil cancellation charges. However, interest for the interim period (date of disbursement to date of cancellation), CBC/LPP charges as applicable would be charged and Stamp duty will be retained
*Terms & conditions apply
Rates offered to customer during the period of Oct'15 to Dec'15
Min IRR
Max IRR
Avg IRR
10.10%
15.50%
12.64%
Annual Percentage Rate offered to customer during the period of Oct'15 to Dec'15
Min IRR
Max IRR
Avg IRR
10.10%
15.94%
12.70%
Read the full article
0 notes
HDFC Education Loan: Interest Rates,Student Loan: Apply Online
HDFC Bank Education Loan- Student Loan in India
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 LakWhy take an Education Loan from HDFC Bank?h, 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).
Co applicant:
A co-applicant is required for all full time courses. Here are a few points to be noted about co-applicants:
Primary Co-Applicants:
Parents, Spouse, Siblings
Secondary Co-Applicants:
Father-In Law, Mother-In-Law, Brother-In-Law, Paternal / Maternal Uncle / Aunt
Here is an exhaustive list of the documents that you will need for the student loan:
Category Applicant
Student
Academic Institute Admission Letter with Fee break-up
SSC,HSC,Graduation Marksheets
KYC (Know Your Customer)
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)
If appointment letter does not mention Joining Details, then applicant has to submit appointment letter of the current employer.
Proof of continuity from previous employer is required if co-applicant is in current job for less than 1 year at the time of loan application
Documentation (Post Sanction).
Benefits of Educational Loan In India
Avail tax benefits under section 80(E) of income tax Act 1961
Flexible repayment options
Option to avail insurance cover for your loan
Why take an Education Loan from HDFC Bank?
Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products.
Enjoy triple benefits when you take 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
Education Loan for Indian Education Interest Rates & Charges
Enclosed below are HDFC Bank Education Loan for Indian Education Interest Rates & Charges Here is an exhaustive list of all the fees and charges to be paid for the education loan:
Description of Charges
Education Loan
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 (along with and in addition to due/accrued interest, if any, and other amounts due and/or payable by the Borrower to the Bank). No prepayment charges will be charged if loan is foreclosed / part prepaid any time after expiry of the Moratorium.
No Due Certificate / No Objection Certificate (NOC)
Nil
Duplicate of No Dues Certificate/NOC
Nil
Solvency Certificate
Not applicable
Charges for late payment of EMI
@ 24 % p.a. on overdue/unpaid EMI amount outstanding from EMI due date
Credit assessment charges
Not applicable
Non standard repayment charges
Not applicable
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
Legal / incidental charges
At actual
Loan Cancellation Charges
Nil cancellation charges. However, interest for the interim period (date of disbursement to date of cancellation), CBC/LPP charges as applicable would be charged and Stamp duty will be retained
*Terms & conditions apply
Rates offered to customer during the period of Oct'15 to Dec'15
Min IRR
Max IRR
Avg IRR
10.10%
15.50%
12.64%
Annual Percentage Rate offered to customer during the period of Oct'15 to Dec'15
Min IRR
Max IRR
Avg IRR
10.10%
15.94%
12.70%
Read the full article
0 notes