HDFC Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0
EDUCATION LOANS UPTO 10 LACS FOR INDIAN EDUCATION
Interest
Rate

Loan limit Interest Rate
Upto 10 Lac 9-14%
Loan Amount &
Security

Secured Unsecured
Above 7.5 Lac Upto 7.5 Lacs
Charges &
Repayment

Processing fees 1% or Rs 1000
Pre-payment charges Nil to 4 %
Late Payment 2% per month
Repayment period 10 to 15 years
Moratorium period Course Period + 6 to 12 months
Repayment types PDCs/ECS or SI Mandate And 3 Security PDCs in case of ECS and SI mode of repayment
Eligibility
Criteria

  • Indian resident/citizen
  • The applicants should be aged between 16-35 years
  • Got admission in a graduate/ post graduate course in a college/institute/university which is recognized by the UGC/AICTE/AIBMS or ICMR
Key Benefits &
Coverage

Tax benefits under section 80 E
Margin
  • Upto 4 Lacs - Nil
  • Above 4 lacs - 5% for study in India
Course covered
  • Mangement, Engineering (graduation only), Medicine, Architecture, Hotel and Hospitality, Agriculture, Pure Science, MCA/MCM
Expenses covered
  • College fees, hostel charge, books and education related expenses
Loan Cancellation Charges
  • Nil
Required
Documents

Student Co-Borrower
KYC
  • Age proof
  • Signature proof
  • Identity proof
  • Residence proof
  • Latest photograph
  • Aadhaar
  • Pan card
  • residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION
  • Admit letter
  • College fee-breakup
  • X, XII and Graduation mark sheet
    ---
INCOME
  • Lastest 2 salary slips
  • 6 months bank account statement of the salary account
  • 6 month bank account statement
  • Last 2 years ITR/Form 16
  • Income proof( Latest 2 salary slips)
SECURITY
    ---
  • Residential Property
  • HDFC Bank Fixed Deposit
  • LIC/NSC/KVP