HDFC Bank Education Loan

HDFC Bank Education Loan
Courses: PG in Management courses(full time of part time); graduation in engineering courses(government of private) graduation/PG in medicine; MCA/MCM; and online/distance learning courses. The courses must be recognized by the relevant government body. The other courses are graduation and PG in fine arts and designing; graduation and architecture; graduation/pg in hospitality/hotel management; PG in Agriculture, graduation/PG in pure science, BA/B.Com/MA/M.Com; course like SAP, ERP, GNIIT and air hostess training programmes

Eligibility: Indian nationalities with the age group of 16 to 35. Candidates must be secured admission in any the bank's list of approved courses or universities.

Expenses covered: Fees payable towards college/school/hostel, exam/library/lab expenses. Caution deposit/refundable deposit is demanded by the institution/building fund and is supported by institution bills/receipt. Other expenses includes purchase of books/equipment/instruments/uniforms, travel expenses, study tour travel, computer which is essential for course completion. Also other expenses required to complete the course like project work.
Loan amount: HDFC Bank Education loan provides 15 Lakhs to study in India and 20 lacks to study abroad.
Repayment: Repayment holiday/moratorium for the course period would be +1 year or 6months after the student get job.
Security of the loan: Collateral security is required only for educational loans above 7.5 Lakhs. The acceptable collateral securities are fixed deposit and property(residential)