HDFC Bank education loan

Features & Benefits

*Loans upto Rs.15 Lakhs for Education in India and upto Rs.20 Lakhs for Education abroad#
*Attractive interest rates.
*Repayment to start 1 year after course completion / 6 months after obtaining employment (whichever is earlier)
*Loan available upto tenure of 7 years including moratorium period.
*Tax Benefits availaible under Section 80E of the IT Act *
*Hassle free loans and speedy approvals.
*Convenience of service at your doorstep.
*Loans available for other course related expenses also!

Special privileges

*Loans disbursed directly to the educational institution.
*Loan to be released as per fee schedules of institutes.
*Exclusive Telegraphic Transfer facility availaible for courses abroad.
*Loans available for short duration/ job oriented courses also.

Credit Shield-Payment Protection Insurance

In case of death or total permanent disability of the loanee,the loanee/nominee can avail of the Payment Protection Insurance (Credit Shield) which insures the principle outstandings on the loan upto a maximum of the loan amount.Principle outsatnding is defined as the amount of loan outstanding (not including any arrears in payment or interest thereon) at the Date of Loss,having accounted for paymetns made and interest accruing as determined in the Policy.Hence,the amount covered does not include any principal added because of non - payment of EMI and also will not include interest/ accrued charges.**

Eligibility

*You need to be an Indian National.
*You should be aged between 16 - 35 yrs.
*Collateral is required for all loans greater than Rs. 7.5 Lakhs.
*All Loans require a co-applicant.
*For complete details on eligible courses,co-applicant, FAQs,complete documentation visit-:http://www.hdfcbank.com/personal/loans/educational_loan

For more information visit-: www.hdfcbank.com