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HDFC Bank Limited – Current Education Loan Interest Rates



HDFC Bank Limited – Current Education Loans or Student Loans Interest Rates

New Delhi (Delhi, India), September 12, 2017

HDFC Bank Limited Cuts Education Loan Interest Rate to 10.00% Per Annum

The HDFC Bank Limited has decreased its education loan interest rates by 0.10 percent, or 10 basis points with effect from Friday, June 30, 2017.

HDFC Bank Ltd has revised its minimum education loan interest rate from 10.10 percent to 10.00 percent per annum for female students for the education loan amount up to Rs. 750,000 and from 10.85 percent to 10.75 percent per annum for male students for the education loan amount above Rs. 750,000.

HDFC Bank Limited’s current interest rate cut will reduce the cost of funds for those people who want to avail HDFC Bank education loans for their higher studies.

HDFC Bank Ltd Student Loan Scheme – Current Education Loan Interest Rates for Various Category of Borrowers

HDFC Bank Student Loan Scheme Interest Rate for Female Students:
10.00% Per Annum for HDFC Bank Education Loan Amount up to Rs. 4,00,000
10.00% Per Annum for HDFC Bank Education Loan Amount Rs. 400,001 to Rs. 750,000
10.25% Per Annum for HDFC Bank Education Loan Amount above Rs. 750,000

HDFC Bank Student Loan Scheme Interest Rate for Male Students:
10.50% Per Annum for HDFC Bank Education Loan Amount up to Rs. 4,00,000
10.50% Per Annum for HDFC Bank Education Loan Amount Rs. 400,001 to Rs. 750,000
10.75% Per Annum for HDFC Bank Education Loan Amount above Rs. 750,000

HDFC Bank Student Loan Rate of Interest is Floating or Fixed:
Fixed Interest Rate

HDFC Bank Education Loans Minimum Borrowing Amount:
Minimum Education Loan Amount is Rs. 100,000

HDFC Bank Education Loans Maximum Borrowing Amount:
Maximum Education Loan Amount is Rs. 10,00,000 for studies in India and Rs. 30,00,000 for studies abroad.



HDFC Bank Education Loan Margin Amount:
Minimum 0% Margin of the Education Expenses for Loan up to Rs. 4,00,000
Minimum 5% Margin of the Education Expenses for Loan above Rs. 4,00,000 for Studies within India
Minimum 15% Margin of the Education Expenses for Loan above Rs. 4,00,000 for Higher Studies Overseas.

HDFC Bank Education Loan Mode of Loan Amount Disbursal:
Direct Credit to the Student’s Educational Institute

HDFC Bank Student Education Loan Processing Fee and Documentation Charges:
1.00% of the Education Loan Amount (Minimum Rs. 1,000 plus GST)

Minimum Age Limit of Applicants for Getting the HDFC Bank Education Loan Sanctioned:
Minimum Age 16 Years at the Time of Education Loan Commencement

Maximum Age Limit of Applicants for Getting the HDFC Bank Education Loan Sanctioned:
Maximum Age 35 Years for Non-Employed Personnels and 45 Years for Working Employees or Executives at the Time of Education Loan Commencement

Maximum Tenure for the HDFC Bank Student Education Loan:
Maximum Education Loan Tenure is 10 Years for Education Loan up to Rs. 750,000
Maximum Education Loan Tenure is 15 Years for Education Loan above Rs. 750,000

HDFC Bank Student Education Loan Pre Closure Charges or Prepayment Penalty:
4% of the Principal Outstanding plus GST if the education loan is foreclosed or part-prepaid during moratorium

HDFC Bank Education Loan EMI Cheque, SI, or ECS Bounce Charges:
Rs. 500 plus GST

Charges for HDFC Bank Education Loan EMI Late Payment:
Minimum 2% Per Month of the HDFC Bank Education Loan EMI Outstanding Amount (Minimum Rs. 500 plus GST)

Guarantor Requirement for the HDFC Bank Education Loan:
Guarantor is Required – The parent(s) or guardian of the student needs to be co-applicant(s) of the student loan

Eligible Courses for the HDFC Bank Student Education Loan:
For studies in India, graduation and post-graduation technical courses (degree and diploma) conducted by the colleges approved by the UGC, AICTE, IMC and the Government of India are covered. For studies abroad, job-oriented professional graduate and post-graduate courses like MCA, MBA, MS, courses conducted by CIMA London, CPA USA are approved for the HDFC Bank education loan.

HDFC Bank Limited – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of HDFC Bank Limited


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