HDFC gives loans to students to partly meet their educational expenses / costs for pursuing specific higher educational courses at institutes approved by HDFC.

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.

Currently, new entrants and existing students of only select leading national educational institutions are eligible to apply for education loans. Please check with your nearest HDFC Office for the list of approved institutions.

Loan :

HDFC lends up to a maximum of Rs. 2,00,000 on an Education Loan. The repayment period of the loan is determined on the merits of each case but would not exceed 5 years. The Rate of Interest (with Security) is 12.00% p.a and without security is 13.00% p.a.

How to Apply :

The loan would be disbursed in suitable installments on compliance of necessary formalities such as providing personal guarantees, execution of loan documents etc. Further, disbursement of the loan would also be subject to review of progress reports from the concerned Education Institute.