HDFC Credila offers loans for various courses and programs, including graduate and postgraduate programs, doctoral programs, and executive education programs. The loan amount is determined based on the cost of education, course duration, and other factors. The repayment tenure of the loan is flexible and can be customized at the borrower’s convenience.
How to Get HDFC Loan for Overseas Students?
To get an HDFC study loan for overseas study, you may follow these steps:
- Eligibility: Check if you are eligible for HDFC study loan by meeting the criteria such as minimum age, course of study, institute, and other required documents.
- Documentation: Prepare the necessary documents such as passport, visa, admission letter, cost of study, and any other required by HDFC Bank.
- Apply: You can apply for HDFC study loan either online through the HDFC Bank website or by visiting the nearest HDFC Bank branch.
- Processing: After submitting the application, HDFC Bank will process the loan and may ask for additional documents or clarification if needed.
- Approval and disbursal: If the loan is approved, HDFC Bank will disburse the loan amount directly to the educational institute.
Note: The exact loan process may vary based on HDFC Bank’s policies and guidelines. It’s advisable to check the bank’s official website or visit a branch for the latest information.
Benefits of HDFC study loan for international students
- Convenient Loan Amount: HDFC offers loan amounts that cater to the financial needs of international students, so that they can focus on their studies without worrying about their financial burden.
- Attractive Interest Rates: The interest rates offered by HDFC are competitive and provide a cost-effective solution for students to finance their education.
- Quick Approval: The loan approval process is quick and hassle-free, ensuring that students receive the funds they need in a timely manner.
- Flexible Repayment Options: HDFC offers flexible repayment options to ensure that students are able to repay their loan as per their convenience.
- No Collateral Required: HDFC does not require collateral for the loan, making it an attractive option for students who do not have any assets to use as collateral.
- No Prepayment Penalties: Students can prepay their loan without any penalties, allowing them to save on interest costs.
- Easy Documentation: HDFC has a simple and straightforward documentation process, making it easier for international students to apply for a loan.
- Comprehensive Insurance Cover: HDFC provides comprehensive insurance cover for the loan amount, ensuring that students are protected against any financial losses in the event of an unexpected event.
HDFC Bank Study Loan for Canada
HDFC Bank provides study loans for students who wish to study in Canada. The loan covers the entire cost of education, including tuition fees, living expenses, and travel expenses.
Eligibility Criteria:
- The student must be an Indian national
- The student must have secured admission to a recognized institution in Canada
- The student must have a co-applicant, such as a parent or a guardian
- The student must have a steady source of income to repay the loan
Documents Required:
- Proof of admission to a Canadian institution
- Proof of identity and address of the student and co-applicant
- Proof of income of the co-applicant
- Passport-sized photographs of the student and co-applicant
- Statement of Purpose
- Bank statements for the past six months
- Educational certificates and transcripts
Loan Amount:
The loan amount is based on the cost of education, which includes tuition fees, living expenses, and travel expenses. The maximum loan amount is determined by HDFC Bank based on the student’s financial background and repayment capacity.
Repayment Tenure:
The repayment tenure for the study loan is flexible, with options ranging from 12 to 60 months. The repayment begins after the student completes their studies or six months after the loan disbursal, whichever is earlier.
Interest Rates:
The interest rate for HDFC Bank’s study loan for Canada is competitive and subject to change based on market conditions.
In conclusion, HDFC Bank’s study loan for Canada provides a comprehensive solution for students looking to study in Canada. The loan covers the entire cost of education and offers flexible repayment options to help students manage their finances effectively.
HDFC Bank Study Loan For Australian Students
HDFC Bank offers a student loan program for students looking to study in Australia. The loan provides financial assistance for tuition fees, living expenses, travel, and other study-related expenses. Eligible students can apply for the loan online or at any HDFC Bank branch.
The loan amount, repayment tenure, and interest rate depend on various factors such as the student’s profile, course of study, and loan amount. It is advisable to check with HDFC Bank for the most updated information and details on their study loan program for students in Australia.