HDFC Bank Education Loan for Indian Education
Tuesday, January 21, 2020
Education & Career
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HDFC Bank Education Loan for Indian Education

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Pursue your dream education course in India with HDFC Bank Education Loan. HDFC Bank Education Loan focus on pursuing the course of your choice and securing a great education.

Benefits of Educational Loan In India :
- Avail tax benefits under section 80(E) of income tax Act 1961
- Flexible repayment options
- Option to avail insurance cover for your loan

Eligibility : 


If you are an Indian resident/citizen, have got admission in a graduate/ post graduate course in a college/institute/university which is recognized by the UGC/AICTE/AIBMS or ICMR, then you are eligible for the HDFC Bank Student Loan for Indian Education. The applicant should be aged between 16 - 35 yrs.


Loan Details

Coverage of expenses 

Apart from the basic course fee payable to the institution where you decide to study, the following expenses will be covered under the loan:

The tuition and hostel fees (if any) will be disbursed directly to the educational institute as per the schedule and structure of fees given by them.


To study in India, the maximum loan you can get is upto Rs. 10 lacs.


For loans upto Rs.4 lakhs - Nil
For loans above Rs. 4.00 lacs - 5%

A co-applicant is required for all Full-Time courses . Co-applicant could be Parent/ Guardian or Spouse/ Parent-in-law (if married)


Collateral security will be required only for educational Loans above Rs.7.5 lakhs.

The acceptable collaterals are: Residential Property, HDFC Bank Fixed Deposit, LIC, NSC or a KVP policy.

Documents Required

Category Applicant (Student)
Academic Institute Admission Letter with Fee break-up
SSC,HSC,Graduation Marksheets
KYC (Know Your Customer)
Age Proof
Signature Proof
Identity Proof
Residence Proof
Income Documents
Latest 2 Salary Slips carrying date of joining details
Latest 6 Months Bank Statement of the Salary Account.
Self Employed
Last 2 Year ITR with Computation of Income
Last 2 Years Audited Balance Sheet
Last 6 Months Bank Statement
Proof of Turnover (Latest Sales / Service Tax Return)
Self Employed - Professional
Last 2 Year ITR with Computation of Income
Last 2 Years Audited Balance Sheet / P& L
Last 6 Months Bank Statement
Proof of Qualification
Completed Application Form
Latest Photograph (Signed Across)


Progress reports to be provided at the time of every disbursement tranch. Progress report includes mark sheets or a letter from the Institute, in case the mark sheet are not available while processing the fresh disbursement tranch.

Rate of Interest & Other Charges

As per bank rules

An exhaustive list of all the fees and charges to be paid for the education loan:


A repayment moratorium (also called a repayment holiday) is the course work period + 1 year or 6 months after the student gets a job or starts earning, whichever is earlier.

The maximum repayment tenures are as below:
- For loans upto Rs. 7.50 lacs - upto 10 years
- For loans above Rs. 7.50 lacs - upto 15 years

Contact Details

Head Office : Ramon House, 169, Backbay Reclamation, H T Parekh Marg, Churchgate, Mumbai - 400 020.
Telephone No. : +91 (22) 66316000
Fax No.: +91 (22) 22048834
E-mail : Contact Now
Website : visit
Customer center : HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Click here for the nearest bank branches

Note : Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

   Professional Education Loan , HDFC Bank Education Loan

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