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Old March 16th, 2016, 11:08 AM
Default Student Loan To Study Abroad

Hello sir I’m looking for the education loan information to study abroad offer by the HDFC bank for that will you please get the information so that I can have idea?
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Old March 16th, 2016, 11:43 AM
Super Moderator
Join Date: Nov 2011
Default Re: Student Loan To Study Abroad

Yes buddy I will help you here to get the information about education loan to study abroad offer by the HDFC bank so that you can have idea about it.

Here are the features of the loan
Get tax benefits under Section 80(E) of Income Tax Act of India

Get Education Loan home delivered

Flexible choices of repayment terms

Loan up to 100% of educational expenses. No margin money required

Flexibility on collateral security

Loan sanction before admission

Multi city co-borrowers accepted

Web enabled billing and servicing

Doorstep service

Preferential rates for top ranked universities/institutes

Here is the eligibility criteria to apply for the loan

You need to be a Indian resident

You should be aged between 16 - 35 years.

Collateral security may be required

Co-Applicant: Co-Applicant is required for all full time courses

Co-Applicant: Parents, spouse and siblings, father in-law, mother in-law, brother in-law, paternal/maternal uncle/aunt

Interest rates and other for loan

Loan Processing Charges
Up to 1.5% of the sanctioned amount plus applicable any taxes thereon.

Pre-payment charges

No Due Certificate / No Objection Certificate (NOC)

Duplicate of No Dues Certificate/NOC

Solvency Certificate
Not applicable

Charges for late payment of EMI
@ 2 % per month of instalment ( MI/PMII)+ applicable taxes thereon

Credit assessment charges
Not applicable

Non standard repayment charges
Not applicable

Cheque or ECS mandate or Direct Debit swapping charges
Up to Rs.500/- per swap instance plus applicable taxes thereon

Cheque/ECS/Direct Debit Bouncing Charges
Rs. 400/- per dishonor of cheque or ECS or Direct Debit return per presentation plus applicable any taxes thereon

Legal / incidental charges
At actual

Stamp Duty and other statutory charges
As per applicable laws of the state

Loan cancellation charges
1% of the unveiled sanctioned loan amount + applicable any taxes thereon

Manual Collection Charges
Rs. 200/- per visit plus applicable any taxes thereon

Charges for Updating & Handling Loan Account As Per Customer Request
Rs. 1,500/- plus applicable any taxes thereon

Document Storage & Retrieval Charges
For No Collateral: Rs. 2,000/- plus applicable any taxes thereon
For Collateral: Rs. 4,000/- plus applicable any taxes thereon

1st Floor,C.S.No.6/242,
Senapati Bapat Marg,
Lower Parel,
Mumbai - 400 013.

91 - 22 - 6652 1000
Answered By StudyChaCha Member
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