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HDFC Student Loan for Foreign Education



HDFC Student Loan for Foreign Education
With HDFC Bank student education loans, pursue your dream studies abroad without worrying for financial assistance. We provide student education loans for graduate, post-graduate, MBA, Medical , Engineering , Vocational courses offered by recognized universities in abroad. HDFC Bank student education loans offers plethora of other benefits such as "NRE Account, Special Pricing on Inward & Outward Remittances, Travel & Health Insurance etc to let the student focus only on his /her studies.


     Features & Benefits –Indian Education

  • Student Loans Upto Rs. 20 Lakhs for education Abroad#
  • Unsecured Lending Upto INR 7.5 Lakhs
  • No Collateral Or Third Party Guarantee
  • Wider Range Of Collateral For Loans Above INR 7.5 Lakhs
  • Residential Property
  • HDFC Bank Fixed Depos
  • LIC/NSC/KVP
  • Gold
  • Special privileges
  • Service At Your Door Step
  • Loans disbursed directly to the educational institution as Per the Fee Schdule
  • Education Suraksha- Insurance Protection Under Bajaj-Allainz
  • Exclusive Offer On Other Banking Produsts And Services
  • NRE- Savings Account
  • Special Tariff On Telegraphic Transfers and Demand Drafts
  • Student Travel Card
  • Pre-Approved Credit Cards
  • Subject to bank’s terms and condtions
  • Education Suraksha – Insurance Protection From Bajaj Allianz
Credit Shield
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.**

Personal Accident Cover
In order to ensure that your family is taken care of we also offer a Personal Accident cover of Rs.2,00,000 at a nominal premium.*
    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 co-applicant eligibility - Click here
    Fees & Charges for Educational Loan

Description of charges
Personal Loan
Loan Processing Charges
Upto a maximum 2% of the loan amount
Pre-payment charges
Upto 4% of the Principal Outstanding
No Due Certificate / No Objection Certificate (NOC)
Nil
Solvency Certificate
Not applicable
Charges for late payment of EMI
@ 24 % p.a. on amount outstanding from date of default
Credit assessment charges
Not applicable
Non standard repayment charges
Not applicable
Cheque swapping charges
Upto Rs. 500/- per event
Loan cancellation / re-booking charges / Re-scheduling
Upto Rs. 1000/-
Bounce Cheque Charges
Upto Rs. 450/- per Bouncing
Statement Charges (per statement) / Repayment Schedule
Upto Rs. 500/-
Legal / incidental charges
At actual