Education and Career Forum

I want to know about the details of the education loan scheme for my MVSc course in HDFC Bank. I am going to apply for MVSc course, I am already graduate and I need to get an education loan for this course. Kindly let me know about HDFC Bank education loan scheme for this course.

Details of HDFC Bank Education Loan Scheme for pursuing MVSc course are mentioned below :-

--> Eligibility :- You should have secured admission to higher education course in a recognised college/ university.

--> Margin :- Nil upto Rs. 4 lakhs and 5% above Rs. 4 lakhs.

--> Moratorium Period :- Course Period plus one year or 6 months after getting a job, whichever is earlier.

--> Repayment Tenure :-
For loans upto Rs. 7.5 lakhs :- 10 years
For loans above Rs. 7.5 lakhs :- 15 years.

Details of HDFC Bank Education Loan Scheme for pursuing MVSc course are mentioned below :-

--> Eligibility :-
1. You should be a resident of India.
2. You should be in the age range of 16 to 35 years.
3. You should have secured admission to higher education course in a Government recognised college/ university.

--> Maximum Loan Amount :- Rs. 10 lakhs

--> Processing Charges :- Maximum 1% of the loan amount or minimum Rs. 1000/- whichever is higher.

--> Repayment Tenure :-
For loans upto Rs. 7.5 lakhs :- upto 10 years
For loans above Rs. 7.5 lakhs :- upto 15 years

--> Moratorium Period :- Course Period plus one year or 6 months after getting a job whichever is earlier.

--> Margin :-
Upto Rs. 4 Lacs :- Nil
Above Rs. 4 Lacs :- 5%