Education Loan Application Form of HDFC Bank - 2018-2019 StudyChaCha

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Old September 23rd, 2017, 02:48 PM
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Default Education Loan Application Form of HDFC Bank

Hi I would like to have the information and the details of the Students Loans for Indian Education offered by HDFC Bank as well as the application form for the same?
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Old September 25th, 2017, 11:44 AM
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Default Re: Education Loan Application Form of HDFC Bank

Education has developed as the foundation of human culture and as the interest for instruction keeping in mind the end goal to pick up an upper hand has expanded, so has the cost of training both inside India and abroad. With the perspective of giving the present and future eras with the methods for seeking after higher examinations so they can accomplish their fantasies, HDFC Bank has presented its scope of instructive advances that intend to fulfill the prerequisites of each kind of youthful person who wants to seek after further investigations.

HDFC Bank Education Loan Scheme

Students Loans for Indian Education

Highlights and Benefits of Student Loans for training In India

Sum limits: Education Loan upto Rs. 10 lakh and unsecured loaning upto Rs. 7.5 lakh. No insurance will be required for credits upto Rs. 7.5 lakh

More extensive guarantee alternatives: Are you securing an advance of a higher sum than Rs. 7.5 lakh? HDFC offers an extensive variety of bank affirmed guarantee securities like Residential Property, HDFC Bank Fixed Deposit, LIC, NSC or a KVP approach.

Advance Tenure: The most extreme reimbursement residency is upto 15 years post ban period.

The qualification criteria for securing Student Loan for Indian Education

You should be an Indian occupant

You ought to be matured between 16 - 35 years.

On the off chance that you are taking an advance of more than Rs. 7.5 Lakh, an insurance security will be required.

Co-candidate: A co-candidate is compulsory for all full time programs. Co-candidate could be Parent/Guardian or Spouse (if wedded)/Parent-in-law (if wedded).

Co candidate:

A co-candidate is required for all full time courses. Here are a couple of focuses to be noted about co-candidates:

Essential Co-Applicants:

Guardians, Spouse, Siblings

Optional Co-Applicants:

Father-In Law, Mother-In-Law, Brother-In-Law, Paternal/Maternal Uncle/Aunt

Here is an exhaustive list of the documents that you will need for the student loan:

Category Applicant

 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
 Others Completed Application Form
 Latest Photograph (Signed Across)
 If appointment letter does not mention Joining Details, then applicant has to submit appointment letter of the current employer.
 Proof of continuity from previous employer is required if co-applicant is in current job for less than 1 year at the time of loan application
 Documentation (Post Sanction)

Reimbursement Instructions

PDCs/ECS or SI Mandate

3 Security PDCs if there should be an occurrence of ECS and SI method of reimbursement

Stamp obligation to be paid by the client according to the important state laws.

Here are the archives you have to submit for ensuing distributions:

Resulting Disbursement Request Letter From Applicant Or Co-Applicant

College Fee Demand Letter

Candidate's Academic Progress Report (Previous Semester)

Reexamined Repayment Instructions - PDCs/ECS/SI in addition to 3 security PDCs in the event of ECS and SI method of reimbursement.

Description of Charges Education Loan

Loan Processing Charges Upto a maximum 1% of the loan amount

Pre-payment charges Upto 4% of the Principal Outstanding
(after 6 months of repayment)

No Due Certificate / Nil
No Objection Certificate (NOC)

Duplicate of No Dues Certificate/NOC Rs. 250/-

Solvency Certificate Not applicable

Charges for late payment of EMI @ 24 % p.a. on amount outstanding from date of default

Credit assessment charges Not applicable

Non standard repayment charges Not applicable

Cheque swapping charges Upto Rs. 500/- per event

Loan Re-Booking / Re-Scheduling Upto Rs. 1000/-

EMI Return Charges Rs.550/- per instance

Charges Bounce Cheque Charges Upto Rs. 450/- per Bouncing

Legal / incidental charges At actual

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

Duplicate Repayment Schedule Rs. 200/-

Education Loan Application Form of HDFC Bank

Attached Files
File Type: pdf Education Loan Application Form of HDFC Bank.pdf (1.50 MB, 0 views)
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