Thursday, April 17, 2008

HDFC BANK


Purpose
HDFC offers loans to students to partially meet their educational expenses / costs for pursuing specific higher educational courses at institutes approved by HDFC. Loans are given to Indian nationals. To avail loan, student should have a constantly good academic record, and admission offer to an approved Educational Institute for pursuing a recognized course.

Eligibility
Students enrolled with an approved Educational Institute and desirous of availing the education loan can make an application, with the earning parent / guardian being the co-applicant to the loan.
Amount of Loan
Loans can be availed up to a maximum of 90% of the total cost as determined by HDFC.
Period of the Loan
is determined on the merits of each case but would not exceed more than 5 years.


Features & Benefits

@ Loans upto Rs.10 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!

* Pls Check with yourCA
# from Bank's approved list of Institutes

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.

*Conditions Apply* Premium will be charged for this product.A transaction fee of Rs.350 will also be deducted at the time of disbursal.Pls note that service tax @ 12.36% will also be charged on both the premium and the transaction fee.

Apply Now
Just fill the Online Application Form and our representative will get in touch with you shortly.
Other Ways to apply :
Call Us
Visit our branch

For updated information please visit:
http://www.hdfcbank.com/personal/loans/educational_loans.htm

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