HDFC Bank offers a wide range of student loans for both Indian and foreign education. They have competitive interest rates, flexible repayment options, and a variety of features to make the loan process easy and convenient.
Features of HDFC Bank student loans:
Competitive interest rates: HDFC Bank offers some of the lowest interest rates on student loans in India.
Flexible repayment options: You can choose from a variety of repayment options to suit your needs, including monthly, quarterly, and annual payments.
No hidden charges: There are no hidden charges or fees associated with HDFC Bank student loans.
Quick processing: You can apply for an HDFC Bank student loan online and get your loan approved within 48 hours.
Tax benefits: You can claim tax benefits on the interest you pay on your HDFC Bank student loan.
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Eligibility criteria for HDFC Bank student loans:
- Age: You must be between 18 and 35 years old.
- Nationality: You must be an Indian citizen or a resident of India.
- Academic record: You must have a good academic record.
- Co-borrower requirement: If you are applying for a loan amount of more than Rs. 4 lakhs, you will need a co-borrower.
Required documents for HDFC Bank student loans:
Identity proof: Copy of passport/voter ID card/driving license/Aadhaar
Address proof: Copy of passport/voter ID card/driving license/Aadhaar
Bank statement: For the previous 3 months (Passbook for previous 6 months)
Salary slips: Two latest salary slips/current dated salary certificate with the latest Form 16
Proof of end use: Admission letter from the institution, fee structure, and scholarship letter (if applicable)
How to apply for an HDFC Bank student loan:
Apply online: You can apply for an HDFC Bank student loan online through their website.
Apply through an ATM: You can also apply for an HDFC Bank student loan through an HDFC Bank ATM.
Apply through Loan Assist App: You can also apply for an HDFC Bank student loan through the HDFC Bank Loan Assist App.
Apply at an HDFC Bank branch: You can also apply for an HDFC Bank student loan at any HDFC Bank branch.
Additional information:
For more information about HDFC Bank student loans, please visit their website or contact their customer care center.
You can also use their online EMI calculator to estimate your monthly repayments.
