HDFC Bank Education Loan


Head Office
HDFC Bank House,
1st Floor,C.S.No.6/242,
Senapati Bapat Marg,
Lower Parel
Mumbai - 400 013
Phone: (022) 66316000
Fax No.: (022) 22048834
Website - www.hdfcbank.com

Education Bank Loan in India: HDFC Bank

The Housing Development Finance Corporation Limited (HDFC) was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. In January 1995, HDFC Bank commenced its operation as a Scheduled Commercial Bank. Currently HDFC bank has a nationwide network of 1,725 Branches and 4,393 ATM's in 780 Indian towns and cities. It is one of the Indian bank which offer education loans to students willing to pursue higher education in India or abroad and even for working executive loan is offered by HDFC bank.

Eligible Criteria for HDFC Bank Education Loan:
Courses Eligible for Getting Loan:
  • 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 GNIIT etc.
Details of Education 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.
Student Loan for Indian Education:
Loan amount

Get Education Loan upto Rs. 10 lakh and unsecured lending upto Rs. 7.5 lakh. No collateral will be required for loans upto Rs. 7.5 lakh

Are you securing a loan of a higher amount than Rs. 7.5 lakh? We offer a wide range of bank approved collateral securities like Residential Property, HDFC Bank Fixed Deposit, LIC, NSC or a KVP policy.


The maximum repayment tenure is upto 15 years post moratorium period.


Repayment to start 1 year after course completion / 6 months after obtaining employment (whichever is earlier)

  • You need to be a Indian residentn
  • You should be aged between 16 - 35 yrs.
  • If you are taking a loan of more than Rs. 7.5 Lakh, a collateral security will be required.
  • Co-applicant: A co-applicant is mandatory for all full time programs. Co-applicant could be Parent/ Guardian or Spouse (if married) / Parent-in-law (if married).
Student Loan for Foreign Education
Loan amount

Student Loans Upto Rs. 20 Lakhs for Education abroad.

Wider Range Of Collateral for Loans above INR 7.5 Lakhs

  • Residential Property
  • HDFC Bank Fixed Deposit

Loan available upto the tenure of 7 years including moratorium period.


Repayment to start 1 year after course completion / 6 months after obtaining employment (whichever is earlier)

  • You need to be a Resident Indian
  • You should be aged between 16 - 35 yrs.
  • Collateral security may be required
Documents Required for Education Loan India / abroad:

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.
  • Mark sheets 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
Details & Contact:

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


Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.

Education Loan Offering Banks in India
Other Education Loan Archive