The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI’s liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of ‘HDFC Bank Limited’, with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
FOR EDUCATION IN INDIA:
HDFC Bank Education Loans For Indian Education:
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
Features and Benefits of Education Loan:
Focus on pursuing the course of your choice and securing a great education. Leave the hassles of documentation and finances of your Education Loan for Indian education to us. Here are a few features of the loan:
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:
Are you securing a loan of a higher amount than Rs. 7.5 lakh? We offer a wide range of bank approved collateral securities like Residential Property, HDFC Bank Fixed Deposit, LIC, NSC or a KVP policy.
The maximum repayment tenure is upto 15 years post moratorium period.
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 Lakh, a collateral security will be required.
A co-applicant is required for all full time courses. Here are a few points to be noted about co-applicants:
Parents, Spouse, Siblings
Father-In Law, Mother-In-Law, Brother-In-Law, Paternal / Maternal Uncle / Aunt
Management Courses (Full-Time) – Graduation + Post Graduation
Engineering Courses ( Government + Private ) - Graduation
Medicine - Graduation + Post Graduation
Masters in Computer Application ( MCA / MCM )
Architecture - Graduation + Post Graduation
Hotel and Hospitality - Graduation + Post Graduation
Agriculture - Graduation + Post Graduation
Pure Science - Graduation + Post Graduation
FOR EDUCATION IN ABOARD LOAN IS AVAILED THROUGH CREDILA AN HDFC LTD COMPANY
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg Lower Parel (W), Mumbai - 400 013.91 - 22 - 6652 1000