HDFC BANK EDUCATION LOAN – ONLINE APPLY STUDENT EDUCATION LOAN

HDFC Bank Student Education Loan – Online apply education loan HDFC Bank

 

Synopsis/ Objectives

 

HDFC Bank Student Education Loan always welcomes the students to help them in achieving their precious Goal. HDFC Bank Student Education Loan defines that money cannot stop somebody to dream and Fly for that.
HDFC Bank Student Education Loan Offers a Great and Free deal for those who want to live their beautiful dream. Absolutely correct that’s a Study Loan, provided by HDFC BANK Student Education Loan which is a government authorized bank. HDFC BANK Student Education Loan keeps their words and crystal clear about the terms & conditions. Forget about to walk 10 times in a bank for Study loan.

 

HDFC Bank Student Education Loan India is always ready for you. HDFC Bank Education Loan has launched and adopted new Technologies to enhance the clarity and processing time for study Loans. HDFC Bank Student Education Loan is providing study loan at very low rate of Interest, which is very easy to use and repay. HDFC Bank Student Education Loan has full rights to say yes for the student loan to all students who are just willing to study, whether they belong to improving class, middle class or Rich family.

 

HDFC Bank Student Education Loan makes you feel free from any burden (loan). Delighting Offers will delight you with delightful Career. HDFC Bank Student Education Loan ensures that their consumer enjoys the loan facility and gaze on their goal only. Preferably, Study loans are common as we understand the value of the time and money.

 

 

HDFC Bank Education loan aims to provide the financial help to those candidate who are deserving and want to pursue higher professional or technical education in India and abroad. HDFC Bank education loan aim to be the very tool that will enable them to reach their goals in life. Now no more deserving Students have to give away their pursuit of dreams due to lack of money. HDFC Bank loans will ensure that worthy students are empowered to take their destiny in to their own hands. HDFC Bank endeavor is to help the future of our nation in education and prosperity

 

Eligibility

  • student need to be a Indian resident
  • student aged should be between 16 to 35 years.
  • if you required more than 7.5 Lacs student education loan than collateral security will be required.
  • for full time programs co-applicant will be required Co-applicant could be Parent/ Guardian or Spouse (if married) / Parent-in-law (if married).

 

All Common questions for Educational Loan

All Educational Loan

What is Pledge?

A right over the security is created in favor of HDFC Bank. Hence shares cannot be transferred or sold by the customer or shareholder.

 

Which documents should I carry at the time of visiting HDFC bank?

You need to carry an Agreement Number, Self-attested Identification Proof containing your signature to avail of any information / deliverable along with a written request and produce the documents at the Customer Service Desk.

If you want to change your address / contact details, you need to submit an address change request along with a Self-attested copy of your revised address proof. The Request form for Address Change is available on the Form Centre of HDFC Bank website.

 

How much time will it take to change the mode of repayment/ account for your loan?

It will take 25 working days to activate the revised instructions. In case your next instalment falls due prior to the said period, an instruction already lodged with us will be presented for payment.

 

Who can resolve my queries?

For your queries related to Loans (other than home loans), please visit the nearest Retail Asset Branch.

You can also write to us at www.hdfcbank.com/services with the following verification details or contact your nearest Phone Banking officer:

Loan account number

Name of applicant / loan favoring

Date of birth of the applicant (as provided in loan application form)

Correspondence address

Loan amount

EMI amount

Mode of repayment (standing instruction / ECS / postdate cheques)

Bank name and account number from which the EMIs are collected

Query / Complain

 

 

How can I get my address changed in my loan account?

In order to change your address in our records, you may visit the nearest Retail Loan Service Center and submit the following documents:

Request form for Address Change.

Self-Attested copy of your revised address proof along with the original address proof for validation.

In case a bearer submits the request on your behalf, a bearer authorization along with KYC documents (self-attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided.

 

What will be done with the postdated cheques if I request to change the mode of repayment/ account for my loan?

Post Dated Cheques(PDCs)/Security Cheques submitted towards loan repayment that have not been encased, will be defaced and retained by the Bank. In case, you wish to have your old Post Dated Cheques(PDCs)/ Security Cheques to be returned to you, kindly lodge a request at the Retail Loan Service Center or through Phone Banking or write us an email at www.hdfcbank.com/services within 45 days from the date of application of change in repayment instructions. In case, we do not hear from you within the stipulated period, the defaced cheques will be destroyed.

 

How can I change the mode of repayment/ account for my loan?

In the event that you wish to change the mode of repayment/bank account for your loan repayment, you may visit the nearest the Retail Loan Service Center and submit your request with the revised account mandate/instructions.

You can opt to repay through alternate repayment instructions as follows:

1) Standing Instructions:

We offer the Standing Instructions (SI) facility whereby we can directly debit your HDFC Bank account for EMI amounts on due dates.

Please submit the following at your nearest Retail Loan Service Centre:

Request form for swap of repayment instructions.

3 Security cheques favoring “HDFC Bank Ltd Loan Account No. <<      >>”, each undated and filled with a value equal to the sum of 3 EMIs.

SI mandate duly filled and verified by HDFC Bank.

In case a bearer submits the request on your behalf, a bearer authorization along with KYC documents(self-attested copy and original for validation) of the bearer,i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided.

2) Electronic Clearing Service (ECS):

We offer the ECS facility whereby we can directly debit your non-HDFC Bank account for EMI amounts on due dates.

Please submit the following at your nearest Retail Loan Service Centre:

Request form for swap of repayment instructions.

Security cheques favoring “HDFC Bank Ltd Loan Account No. <<       >>” ***

ECS mandate duly filled and verified by your banker.

ACH (Automated Clearing House) Mandate.

Swap Charges of Rs.500/- favoring “HDFC Bank Ltd Loan Account No. <<            >>”

In case a bearer submits the request on your behalf, a bearer authorization along with KYC documents (self-attested copy and original for validation) of the bearer,i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided.

 

***Security Cheques: You need to issue 1 security cheque for every 6 Equated Monthly Installments (EMI). The amount on each security undated cheque should be equal to the sum of 3 EMIs. For example, if your EMI amount is Rs. 1000 and you have paid 18 EMIs for a 36 month loan tenure, you need to submit 3 Security Cheques of Rs. 3000 each.

 

 

3) Post-dated Cheques (This mode is allowed only if the location is non ECS):

Please submit the following documents at your nearest Retail Loan Service Center:

Request form for swap of repayment instructions

Revised post dated cheques in favour of “HDFC Bank Ltd Loan Account No. <<          >>” for the balance EMIs.

ACH (Automated Clearing House) Mandate

Swap Charges of Rs.500/- favoring “HDFC Bank Ltd Loan Account No. <<          >>”

In case a bearer submits the request on your behalf, a bearer authorization along with KYC documents (self-attested copy and original for validation) of the bearer,i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided .View less

 

 

How do I obtain a Duplicate Repayment Schedule for my loan account?

You may obtain a Duplicate Repayment Schedule for your loan account, free of charge by registering for our Net Banking facility on www.hdfcbank.com and download the repayment schedule for your linked loan account.

Alternatively, you may visit the nearest Retail Loan Service Center and submit the following documents

Request form for Duplicate Repayment Schedule.

Duplicate Repayment Schedule Charges of Rs.200/- favoring “HDFC Bank Ltd Loan Account No. <<          >>”

In case a bearer submits the request on your behalf, a bearer authorization along with KYC documents (self-attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided

What are the charges I have to pay to change the mode of repayment/ account for my loan?

A service charge of Rs.500 is applicable for changes in loan repayment instructions issued from non-HDFC Bank Account (ECS or PDC facility). A cheque/pay order/demand draft for Rs. 500 favoring “HDFC Bank Ltd Loan Account No. <<     >>” will be required along with the revised set of repayment instructions

 

 

FAQ – Student Education Loan HDFC BANK

 

 

Is there moratorium/repayment holiday available (Education Loans For Indian Education)?

Yes. A moratorium/repayment holiday is available for select courses.

 

What is the mode of repayment (Education Loans For Indian Education)?

You have the option of repaying the loan through a Standing instruction, ECS or post-dated cheques.

 

What does ‘Moratorium Period’ mean (Education Loans For Indian Education) ?

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.

 

 

Which courses can I take an education loan for (Education Loans For Indian Education)?

You can take a Education Loan for Indian education on the following courses:

For more information visit bank website.

 

How do I know if I am eligible for the education loan for Indian education?

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.

 

How long is the tenure of the loan (Education Loans For Indian Education)?

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

 

 

Do I need a co-applicant for the loan (Education Loans For Indian Education)?

Yes a co applicant is required for all full time courses. Co-applicant could be Parent/ Guardian or Spouse/ Parent-in-law (if married)

 

Do I need to provide collateral to avail of an education loan (Education Loans For Indian Education)?

For loans up to Rs. 4 lakh – No collateral or Third Party Guarantee is required

For more information visit bank website.

 

What is the maximum loan amount I can get for studies in India?

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

Do I have to pay any margin money – my own funding (Education Loans For Indian Education)?

Margin Money upto Rs. 4.00 lacs – Nil, For loans above Rs. 4.00 lacs – 5%

Which course related expense does this loan cover (Education Loans For Indian Education)?

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

For more information visit bank website.

 

 

Will the loan be disbursed in favour of the Institute/college/university (Education Loans For Indian Education)?

Yes. 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.

 


Do I have to make any repayment during the moratorium period (Education Loans For Indian Education)?

You have the option of servicing simple interest during moratorium period. Simple interest will be calculated on the loan amount disbursed payable monthly.

 

 

What will be done with the post dated cheques if I request to change the mode of repayment/ account for my loan?

Post Dated Cheques(PDCs)/Security Cheques submitted towards loan repayment that have not been encashed, will be defaced and retained by the Bank. In case, you wish to have your old Post Dated Cheques(PDCs)/ Security Cheques to be returned to you, kindly lodge a request at the Retail Loan Service Center or through PhoneBanking or write us an email at www.hdfcbank.com/services within 45 days from the date of application of change in repayment instructions. In case, we do not hear from you within the stipulated period, the defaced cheques will be destroyed.

 

 

How can I change the mode of repayment/ account for my loan?

 

In the event that you wish to change the mode of repayment/bank account for your loan repayment, you may visit the nearest the Retail Loan Service Center and submit your request with the revised account mandate/instructions.

You can opt to repay through alternate repayment instructions as follows:

1) Standing Instructions:

We offer the Standing Instructions (SI) facility whereby we can directly debit your HDFC Bank account for EMI amounts on due dates.

Please submit the following at your nearest Retail Loan Service Centre:

Request form for swap of repayment instructions.

3 Security cheques favoring “HDFC Bank Ltd Loan Account No. <<      >>”, each undated and filled with a value equal to the sum of 3 EMIs.

SI mandate duly filled and verified by HDFC Bank.

In case a bearer submits the request on your behalf, a bearer authorization along with KYC documents (self-attested copy and original for validation) of the bearer,i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided.

2) Electronic Clearing Service (ECS):

We offer the ECS facility whereby we can directly debit your non-HDFC Bank account for EMI amounts on due dates.

Please submit the following at your nearest Retail Loan Service Centre:

Request form for swap of repayment instructions.

Security cheques favoring “HDFC Bank Ltd Loan Account No. <<       >>” ***

ECS mandate duly filled and verified by your banker.

ACH (Automated Clearing House) Mandate.

Swap Charges of Rs.500/- favoring “HDFC Bank Ltd Loan Account No. <<            >>”

In case a bearer submits the request on your behalf, a bearer authorization along with KYC documents(self-attested copy and original for validation) of the bearer,i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided.

 

***Security Cheques: You need to issue 1 security cheque for every 6 Equated Monthly Installments (EMI). The amount on each security undated cheque should be equal to the sum of 3 EMIs. For example, if your EMI amount is Rs. 1000 and you have paid 18 EMIs for a 36 month loan tenure, you need to submit 3 Security Cheques of Rs. 3000 each.

 

 

3) Post-dated Cheques (This mode is allowed only if the location is non ECS):

Please submit the following documents at your nearest Retail Loan Service Center:

Request form for swap of repayment instructions

Revised postdated cheques in favor of “HDFC Bank Ltd Loan Account No. <<          >>” for the balance EMIs.

ACH (Automated Clearing House) Mandate

Swap Charges of Rs.500/- favoring “HDFC Bank Ltd Loan Account No. <<          >>”

In case a bearer submits the request on your behalf, a bearer authorization along with KYC documents (self-attested copy and original for validation) of the bearer,i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided

 

 

What are the charges I have to pay to change the mode of repayment/ account for my loan?

A service charge of Rs.500 is applicable for changes in loan repayment instructions issued from non-HDFC Bank Account (ECS or PDC facility). A cheque/pay order/demand draft for Rs. 500 favoring “HDFC Bank Ltd Loan Account No. <<     >>” will be required along with the revised set of repayment instructions

 

How can I get my address changed in my loan account?

In order to change your address in our records, you may visit the nearest Retail Loan Service Center and submit the following documents:

Request form for Address Change.

Self-Attested copy of your revised address proof along with the original address proof for validation.

In case a bearer submits the request on your behalf, a bearer authorization along with KYC documents (self-attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided.

 

How do I obtain a Duplicate Repayment Schedule for my loan account?

You may obtain a Duplicate Repayment Schedule for your loan account, free of charge by registering for our Net Banking facility on www.hdfcbank.com and download the repayment schedule for your linked loan account.

Alternatively, you may visit the nearest Retail Loan Service Center and submit the following documents

Request form for Duplicate Repayment Schedule.

Duplicate Repayment Schedule Charges of Rs.200/- favoring “HDFC Bank Ltd Loan Account No. <<          >>”

In case a bearer submits the request on your behalf, a bearer authorization along with KYC documents (self-attested copy and original for validation) of the bearer, i.e. Identity and Signature Proof like PAN Card, Aadhar Card, Driving License or Passport Copy will also need to be provided

Leave a Reply

Your email address will not be published. Required fields are marked *