HDFC Bank Education Loan

HDFC Bank Education
Loan EMI Calculator

Loan Amount (₹)

Interest Rate (%)

Tenure (Yrs)

EMI (₹) - 0

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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

Ms. Pooja Soni

Email ID: care@credenc.com

Phone No.: 1800 121 0057

Address: Ground Floor, Building-10, Tower-A, Cyber City, DLF Phase 2, Gurugram, Haryana 122002

Registered Office :

2nd Floor, DLF Centre, Sansad Marg,
New Delhi – 110001

Corporate Office :

Ground Floor, Building-10, Tower-A, Cyber City, DLF Phase 2, Gurugram, Haryana – 122002

CIN No. - U74999DL2017PTC319926

Lender	Name	Interest Rates Offered*	Contact Details	Recovery Practices
	Capital India Finance Limited Link: https://www.capitalindia.com/	10% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)