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HDFC Bank MBA Education Loan Guide

HDFC Bank offers educational loans for students admitted to 2-year postgraduate management programs in India. Eligible students must be between 16-35 years old. The interest rate starts at 9.95% with interest-only payments during the principal moratorium period. No security is required for loans up to Rs. 4 lakhs, and 5% margin is needed for loans above Rs. 4 lakhs. Documentation required includes application forms, identity proof, income documents, academic records, and insurance forms. Loans over Rs. 7.5 lakhs require residential property or fixed deposit as security.

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73 views1 page

HDFC Bank MBA Education Loan Guide

HDFC Bank offers educational loans for students admitted to 2-year postgraduate management programs in India. Eligible students must be between 16-35 years old. The interest rate starts at 9.95% with interest-only payments during the principal moratorium period. No security is required for loans up to Rs. 4 lakhs, and 5% margin is needed for loans above Rs. 4 lakhs. Documentation required includes application forms, identity proof, income documents, academic records, and insurance forms. Loans over Rs. 7.5 lakhs require residential property or fixed deposit as security.

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Apna time aayega
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EDUCATIONAL Loans

HDFC Bank Ltd.


Eligibility Documents required

Students admitted for 2 year Post Graduate • Completely filled and signed education loan application
Program in Management/MBA Program, in IBS form (applicant & co applicant)
at various campuses in India. • One photograph – Self attested on the application form
Age Criteria (applicant & co applicant)

16 to 35 years • Self attested photocopy of admission offer letter with fees


schedule / details (applicant)
Rate of Interest
• KYC documents of the applicant & co applicant(s)
Starts from 9.95% (Principal Moratorium –
Interest to be serviced during Moratorium • Residence Proof (applicant & co applicant)
period.) • Income documents: Latest 3 months salary along with
latest Form 16 for salaried co applicant(s) / latest 3 years
Margin IT returns for self employed co applicant(s)
Nil – up to ` 4.00 lacs • 6 months updated bank account statement (co applicant)
5% for loans above ` 4.00 lacs. • Academic records: Self attested photo copies of mark
Security sheets of 10th, 12th, Graduation, up to latest qualification
along with degree certificates up to latest qualifications.
No Security up to ` 7.50 lac of loan. For more
• Education loan cover – Credit Protect insurance form –
than ` 7.50 lakhs, Security must be in the form
duly signed
of Residential Property / Fixed Deposit with
HDFC Bank. Credit at the sole discretion of HDFC Bank Ltd. The above list of
documents is tentative. Additional documents may be required on a
Processing Charges case to case basis.
- NIL - write to us on [email protected].
Co-borrower Students may visit the nearest HDFC Bank branch for their Education
loan enquiry.
Parent / Guardian / Spouse

16 16

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