Education In India
Institute & University
 
   
HDFC Bank Education Loans

HDFC stands for Housing development Finance Corporation Limited that are offering various types of different loans for different purposes like home loans, property loan, two wheeler loan, car loan, education loan etc. In the year of 1995 it starts its operations. From then till now it maintains favorable and positive image in the financial market. It is one the famous Indian bank that provides education loan for pursuing higher education in India and abroad.

There are some rules and regulation according to which HDFC offer students loans for higher education. Like one should be Indian Nationals and between 16 to 35 years of age before he or she apply for HDFC education loan. For loans above Rs. 7.5 lacs one should get against collateral security. For full time courses co-applicant is required. HDFC Bank offers upto Rs. 10 lakhs education loan for study in India and upto 20 lakhs in case of study in abroad. It has easy repayment means after 1 year of completion of course or after 6 months of getting jobs which ever is earlier. There are many courses for which HDFC bank offer education loan like graduate or post graduate in management, engineering, medicine, computer applications, fine arts and designing, hotel and hospitality, architecture, pure science, air hostess training courses, SAP, GNIIT and ERP. HDFC bank also provides education loan for distance learning programs. For all these courses university should be government recognized or approved by AICTE. Tenure period is of 7 year which is under benefit of 80E section of the IT Act.

There are various types of expenses covered by HDFC bank like college and hostel charges, travel expenses, examination fees, library and laboratory fees, refundable deposit, caution deposit and expenses related to education. Worldeduhub is a site with the aim to provide detailed information regarding education in India and abroad. With this point of view this section brings complete information about HDFC bank education loan.

To know more about HDFC bank education loan you can go through http://www.hdfcbank.com/personal/loans/educational_loan/educational_loans.htm