HDFC Bank Education Loan 2024: Student will get education loan of 45 lakhs, know eligibility and application process
HDFC Bank Education Loan 2024: A scheme has been run by HDFC (Housing Development Finance Corporation Limited) for higher studies of students. Under which students will be provided loans ranging from Rs 35 lakh to Rs 45 lakh from HDFC Bank for their higher education. As you all know that nowadays the cost of education has become very high as compared to earlier.
If you go ahead for any higher education then you may not have enough money to spend on higher education. Due to which some students stop studying or some students have no option but to take loan. Under HDFC Education Loan Scheme 2024, the bank provides you this loan for higher education at a very low rate of interest according to different courses. This interest rate starts from 9.55% per annum according to your loan amount.
If you also want to take HDFC Education Online Loan Apply, then through the post given below, you have been told the process of getting an educational loan by applying both online or offline. Along with this, information has also been given through this post that what are the qualification and eligibility for this? What are the required documents? For all these information must read the post till the end.
Latest Update: Under HDFC Bank Education Loan 2024, students will be provided loans ranging from Rs 35 lakh to Rs 45 lakh from the bank for their higher education. For more information read the article till the end.
HDFC Bank Education Loan 2024: Student will get education loan of 45 lakhs
Post name | HDFC Bank Education Loan 2024 |
Post Date | 03/04/2024 |
Post Type | Education Loan |
Scheme Name | HDFC Education Loan |
bank Name | HDFC (Housing Development Finance Corporation Limited) |
Loan Amount | 35-45 Lakh |
Loan Time | Maximum 15 years |
Interest Rate | 9.55% p.a. onwards |
Apply Mode | Online/Offline |
Customer card Number | 1800 202 6161 / 1860 267 6161 |
Official Website | www.hdfcbank.com |
What are HDFC Education Loan Scheme 2024?
HDFC (Housing Development Finance Corporation Limited) loans are given by HDFC Bank to provide higher education to students through HDFC Bank so that they can complete their education. Under this, loans are provided to students studying in India or abroad. Through HDFC Bank you can apply for the loan both online and offline. You can repay this loan in up to 15 years. If your CIBIL score is good, then you can also take an unsecured loan through it. You can easily calculate the installment amount for HDFC Bank loan with the help of HDFC Education Loan Calculator.
What is Interest Rate for HDFC Education Online Loan Apply
Through HDFC Bank, if you want to take education loan for your higher education, then HDFC Bank provides education loan to the students at very attractive rates. Along with this, you can also repay it for a long time through the bank. On taking education loan through this bank, its interest rate starts from 9.55% per annum. If your interest rate is higher for the loan, then accordingly your EMI EMI also becomes higher.
Benefits for HDFC Bank Education Loan 2024
Under HDFC Bank Education Loan 2023, for the students who are completing their studies while living in India or abroad, the benefits from HDFC Bank are as follows.
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- You can get a loan for pursuing higher education in any institute in India.
- Students studying in India are given loans up to a maximum amount of ₹ 30 lakhs, while students studying abroad are provided loans up to ₹ 45 lakhs.
- You can pay ₹7 without any guarantee. You can easily take a loan of 5 lakhs.
- To take a loan above ₹ 7.5 lakh, you have to give a guarantee.
- You are not charged any hidden charges in this loan process.
- Tax benefits are available on taking education loan from HDFC Bank.
- You are given a maximum time of 15 years to repay the loan.
- For students studying abroad, your college/university fees, your boarding and lodging expenses and the entire cost of your studies are covered through this education loan.
Eligibility / Eligibility for HDFC Education Loan Scheme 2024
Under the HDFC Education Loan Scheme 2024, some qualifications have been set for loans from HDFC Bank for students who are completing their studies in India or abroad. If you follow this eligibility set by the bank, then you are provided with a loan very easily.
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- Under this, the applicant applying for the loan must be a resident of India.
- For its application, the minimum age limit of the candidate should be 16 years while the maximum age limit should be 35 years.
- Any one of the applicant’s parents, husband, wife or father-in-law can apply to take a loan from HDFC Bank.
- To take a loan, you must first have admission in the college.
- You may also need to provide collateral for this loan in some cases.
HDFC Education Online Loan Apply Required Documents
To apply for HDFC Education Online Loan Apply, you have to apply through any medium online or offline. If you apply for a loan, then you are asked for some necessary documents which are very important to apply through any means. Those important documents are as follows-
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- 10th, 12th or Graduation Marksheet & Certificate
- Age Certificate
- Adhar Card
- Admission letter after taking admission in the institution
- identity proof
- Filled loan application form
- Passport Size Photo
- If you are a Salaried Person, then the last 6 months bank statement and last 2 months salary slip
- If you are Self Employed, then ITR of the last 2 years, 6 months bank statement and documents related to your business registration
- Pan Card
- Passport
- Driving License
How to HDFC Education Online Loan Apply
If you want to take a loan through HDFC Bank for your higher education, then you can apply for it through online. You have been told some steps about how to make your online application for this, by following which you can apply your application HDFC Education Online Loan.
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- To take an education loan, you must first go to the official website of HDFC Bank, whose link is given in the post below.
- On its home page you will get the option of Product Type.
- By clicking on which you will have to choose the type of loan.
- After that you have to select its Education Loan and click on its apply link.
- After clicking, you will go to the website of Vidyalakshmi Portal.
- Where you can easily make your application in it.
- Once your application is complete, the loan amount will be approved after verification is complete.
- Once the loan amount is approved, it will be transferred to your account.
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