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Education Bank Loan in India : HDFC Bank

Housing Development Finance Corporation Limited or HDFC Bank started its operations in the year 1995 as a scheduled commercial bank. It is one of the Indian banks, which offer education loans to students willing to pursue higher education in India or abroad. Scroll down the page to learn more about HDFC Bank education loans.



  • The student should have nationality Indian.
  • They should have age between 16 to 35 years.


  • Graduation- Private or government engineering courses.
  • Post Graduation - Full time or part time management courses.
  • Graduation or post graduation medicine courses.
  • Computer courses - Masters in Computer Management or Masters in Computer Application.
  • The courses from the flying schools permitted by the DGCA in India or in the abroad.
  • Distance or online learning courses
In case of private institutions, same has to be documented by the government:
  • Graduation and post graduation in designing and fine arts.
  • Graduation in architecture
  • Graduation and post graduation in hospitality, hotel and pure science
  • Post graduation in agriculture
  • B.Com, B.A, M.Com or M.A.
  • Some other courses such as ERP, SAP, air hostess and GNIITetc.

Details of Loan

Exposure of expenses:

  • Fees payable to the school, college or hostel
  • Laboratory, Examination, or Library fee
  • Fees required for purchasing equipments, books, uniforms or instruments.
  • Building funds, caution deposit, or the deposit which is refundable supported by the institution receipts or bills.
  • Passage money or travel expenses for those studies in abroad.
  • Buy the computers which are useful for the course.
  • Other expenses required for completion of course such as study tours, thesis, project work, etc.


For Loans with the Moratorium:

  • The maximum amount is Rs. 10.0 lakhs for the studies in the India.
  • The maximum amount is Rs. 20.0 lakhs for the studies in Abroad
For Loans without the Moratorium:
  • The maximum amount is Rs. 7.5 lakhs for the studies in the India.
  • The maximum amount is Rs. 10.0 lakhs for the studies in Abroad


  • There is no any margin on the loan up to Rs 4 lakh
  • The margin on loans greater than Rs 4 lacs are 5 percent for students in India and 15 percent for the students in Abroad.
All the full time courses are needed by the co-applicant. The co-applicant may be siblings, parents, relatives or spouse. Eligibility can be calculated on basis of income of the co-applicant. Co-applicant is not required in the part time courses.


For the educational loans more than Rs.7.50 lakh, collaterals security is needed. The collaterals which are acceptable are:

  • Residential property
  • Fixed deposits

Documents Required:

Progress report should be given at the time on every payment trench. Letters, mark sheets etc from institutes are included in the progress report. If these documents do not exist then following have to submit:

  • Agreement of Education Loan
  • Post Dated Security Cheques according to Policy
  • ECS/SI Mandate as applicable
  • Other documents required according to policy.
Confirmations that loan do not taken from other banks:
  • Entirely filled Application Form with the Photographs.
  • Admission letter from the institute.
  • Starting cost letter from the institute. It may be year wise or term wise.
  • Marksheets from 10th (SSC) to last examination.
  • KYC Documents i.e. ID proof, Residential proof, etc from the applicant and co-applicant.
  • Pay slip or ITR copy for the co-applicant.
For those studies in abroad, they have to take some extra documents with all the above documents. The lists of these documents are given below:
  • Letter from HOD (Head Of Department)
  • Travel papers
  • Papers of approval of Visa
  • I-20 if student going to USA.
  • Score of GMAT, SAT or GRE


Including the moratorium period, the repayment period is 7 years.
Repayment should start after completion of course plus 1 year or 6 months after getting job, whichever is earlier.
At the time of moratorium, interest should be paid. The interest would be simple on the amount of loan.

Details & Contact

Head Office
Ramon House,
H T Parekh Marg,
Mumbai 020.
Phone: (022) 66316000
Fax No.: (022) 22048834
Website -

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