HDFC Education Loan Interest Rates for both India and Abroad Study
Every should dream high. Educational/student loans are provided by HDFC Bank now-a -days with reasonable interest rates and good span of time to repay the loan after the student got employed. Now any body can make their dreams come true irrespective of their financial status.Next thing you have to do is collect the information regarding the interest rates and repay time. Find out the details of charges, Interest Rate 2012,Scheme,Details,Terms and Conditions
HDFC bank helps you hassle free documentation and other things. Any where you study whether in India or Abroad you can get loan from HDFC bank if that course in the list given by HDFC bank. Of course HDFC bank have a little more interest rate compared to government banks but features and benefits will be more compared to them.
HDFC Education Loan Interest rate is 14 percent per year.For Indian Education and study abroad,HDFC will sanction loan within 7 days.The loan range from 7.5 lakhs to 15 lakhs for Indian Education and 7.5 lakhs to 20 lakhs for Foreign Education. If you are planning to study in India there is no need to put any guarantee for the loan amount of 7.5 lakhs. But for Overseas Education you need to provide guarantee by third party like Parent/Spouse/Siblings and also provide their documents of property for security reasons. Candidate who is applying for the loan must have at least 16 years and the max age is 35 years to get education loan for both studies of India and Abroad according to norms of the HDFC bank.
HDFC Bank Education/Study Loan Interest Rate and other Charges
The information of HDFC banks Education loan interest rate,late payment charges,cheque bounce charges,cheque swaping charges pre-payment charges and other charges for both Study loan in India and Overseas Education loan
- Interest rate in HDFC bank for Educational Loans is about 14% per annum
- The fee for processing is 2%
- The charges in case of any Cheque Bounce will be about Rs.450
- Cheque swapping charges will be Rs.500
- pre-payment charges will be 4%
Canidates, who got Education loan successfully have to re pay the loan amount with interest in any of the following methods
- After 1 year of course completion
- After 6 months of getting job.
To Find the details of Study loan and interest rates in India Click here
To Find the details on Education loan for Overseas Education Click here