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HDFC Education Loan

HDFC Bank offers Education Loan to fulfill your Children's dreams, provide higher Education in a cost-effective manner. Get a quick & easy Education Loan.
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HDFC Bank is offering Education Loan facility to thousands of students to get admission and continue further study without any difficulty. Don’t wait just apply today for HDFC Bank Education Loan. 

Education is a essential part of children's life. Every parent and student want to secure their future and stand on their own feet. Do you want to beat the cost of Education? Now, it is easy to do with an HDFC Bank Education loan for Indian and foreign higher studies.  

Feature and benefits of Education Loan 

Features 

  •  Loan get before admission also 
  • Quick and hassle-free process 
  • Repayment tenure up to 10 years with easy EMI 

Benefits 

  • Get loan up to ? 30 lakhs  
  • Apply loan up to ? 7.5 lakh without any security 
  • Doorstep services 

 Also Read:-What is Bank Guarantee

Types of Education Loan 

1.HDFC Bank Education Loan for Indian Education: Have you completed your graduation and want to study further to fulfill your dreams but struggling to arrange the funds. Don’t be worried about it HDFC Bank offers the Education Loan for Indian Education get the Loan in simple steps and start making your dream true. 

2.Central Government Interest Subsidy Scheme 

The Central government of India offers this subsidy scheme for weaker sections that want to continue their studies but lack of money not able to do. Get the benefit of interest subsidy scheme avail the loan at subsidized rate of interest. 

3.HDFC Bank Education Loan for Foreign Education 

Have you decided to go abroad for your higher Education? but the shortage of money you are not able to do get an Education loan and start your further studies. Apply today for HDFC Bank Education Loan. 

HDFC Bank Education Loan Interest Rate 

HDFC Education loan for Indian education 

Up to Rs.20 lakh 

9.40% - 13.34%

HDFC Bank Education loan for Foreign Education 

No Upper limit 

8.64% 

Other charges on Education Loan 

Loan Processing Charges Up to 1.5%
Pre-payment charges  Nil 
No Due Certificate   Nil 
Solvency Certificate  Not applicable 
Charges for late payment of EMI  @2% per month on EMI amount 
Legal/ incidental charges  At actual 
Loan cancellation charges  1% of the sanctioned loan amount 

Also Read:-SBI Home Loan

HDFC Bank Education Loan EMI payments methods 

You can pay HDFC Bank education loan by following ways: 

Standing Instruction (SI):  If, you have an already account in HDFC Bank then the SI payment method is for you. Your EMI amount will be deducted automatically at the end of every month. 

Electronic Clearing Service (ECS):  You don’t have existing HDFC Bank account but you want your EMIs debited automatically every month then you can use ECS for this. 

Post-Dated Cheques (PDCs): If you are a non-HDFC bank account then you can visit the nearest branch of HDFC to summit your post-dated EMI cheques but remember you have to give all cheques on time. 

HDFC bank Education Loan Eligibility  

  • Applicant must be an Indian citizen 
  • Applicant age should be 18 to 35 
  • Co- applicant should be Indian citizen 
  • Applicant should have Bank account in any Bank in India. 
  • Conformation of admission in institute 

HDFC Bank Education Loan documents required 

Applying for education loan you need to summit some necessary documents. Documents are depended on your loan type which you want to get here are the check list of HDFC bank education loan documents required for different types of loan. 

1.HDFC Bank Education Loan documents required for Indian Education:  

  • Fill the application form with your passport size photo 
  • Admission letter from college 
  • Proof of Qualification (Marksheet of 10th standard, 12th standard and graduation) 
  • Age proof & residence proof 
  • If you are a salaried employed then you need last 3 months' salary slip & bank statement of last 6 months 
  • If you are self-employed then you need the last 2 years balance sheet, profit and loss statement, bank statement of last 6 months and proof of turnover 

2.Central Government Interest Subsidy Scheme 

  • Income certificate of authorised officer of state government under this scheme 
  • Letter of admission issued by an institute 
  • Aadhar card, Qualification proof & age proof 
  • Other documents required by bank 

3.HDFC Bank Education Loan documents required for foreign Education 

  • Fill the application form with your passport size photo 
  • Admission letter from college 
  • Proof of Qualification (Marksheet of 10th standard, 12th standard and graduation) 
  • Age proof & residence proof 
  • If you are a salaried employed then you need last 3 months' salary slip & bank statement of last 6 months 
  • If you are self-employed then you need the last 2 years balance sheet, profit and loss statement, bank statement of last 6 months and proof of turnover 
  • If loan amount is higher than 7.5 lakh then you need to provide the collateral to the bank 
  • Any other documents required by bank 

How to apply HDFC Bank Education Loan? 

Get the funds into your bank account with HDFC bank Education Loan: - 

Visited the official website of HDFC Bank. 

  1. If, you are an existing customer of HDFC Bank, use your phone number and password to login yourself into the website. If, you are a new customer, you can apply for HDFC Bank Education Loan by creating a Bank account in HDFC. 
  2. After login you will find the application form you just need to fill details, which are showing on the application form. 
  3. Before summiting the application form, you need to check your all information twice and upload all the mandatory documents then submits the application form online. 
  4. After that HDFC Bank executive will contact you and give the further information about loan procedure. 
  5. Bank will Verify your documents and application form and approved it. 
  6. Loan amount will be transferred in your bank account within the working days. 

Alternative: - If you want to apply offline then you need to visit the nearest branch of HDFC bank and fill the application form with documents & submit it. 

 Also Read:-Standup India Scheme UPSC

HDFC Bank Education Loan FAQ 

How to use HDFC Bank Education Loan Calculator? 

Before applying for a loan, you want to know the amount of EMI required on your loan you can check your EMI amount by using HDFC Bank Education Loan Calculator. You just need to enter your loan amount which you are planning to avail, repayment tenure, and the Interest rate. Click on the “summit on” and know your EMI. 

Is there any processing fee applicable on HDFC Bank Education Loan? 

There is no need to pay any processing fee on Education Loan. 

Which bank is best for Education Loan for abroad?  

HDFC bank is good for abroad studies, according to this scheme you can get 30 lakhs with 15 years repayment tenure & only 1% processing fee on loan amount. 

How much Loan amount I can get for Education Loan? 

You can get minimum 2 lakh to maximum 15 lakh for your higher Education. 

Which Bank is best for Education Loan? 

Almost every bank offers this facility at low rate of interest but HDFC bank education loan has some additional benefits such as you get loan up to ? 30 lakhs and amount of 7.5 lakh rupees no requirement of any security and you get the facility of Doorstep services. 

Is it necessary to be a co- borrower to get the loan from HDFC bank? 

Yes, a co-borrower is compulsory to take an education loan. The loan collaborates with your parents and guardian.  

HDFC Bank Education Loan customer care number 

For any queries, complaints and feedback regarding the education loan, or you want to know more about our product. we offer 24/7 customer service. Customers can contact HDFC Bank Education loan Customer Care number 1800 258 3838 (open from 8 a.m. to 8 p.m. on all days) or You can directly visit HDFC Site & fill basic details to continue online chat ask your quires. 

You can contact the bank customer care team through email, LEA.Communication@hdfcbank.com. or SMS send quick SMS to HDFCHOME to 5676712 

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