- B.A./B.Com/M.A./M.Com
- Courses such as SAP , ERP , GNIIT , Air Hostess Training programmes etc.
Besides the above mentioned ,other Institute to be rated on the basis of their listing with the AICTE etc.
Which expenses does the loan cover ?
- Fee Payable to College/School/Hostel
- Exam/Library/Lab fees
- Caution deposit / Refundable deposit asked by the institution/Building fund - supported by Institution bills/receipts
- Purchase of Books/equipments/instrument/uniforms
- Travel expenses/passage money for studies abroad
- Purchase of computers - essential for completion of the course
Any other expense required to complete the course - like study tours, project work, thesis, etc.
Moratorium period
Repayment holiday/ moratorium would be for the course period + 1 year or 6 months after the student gets a job/start earning whichever is earlier.
Documents required:
Declaration/Affidavit confirming that no loan has been availed from other Bank/Institution
- Completely filled Application Form with Photographs.
- Letter of admission from the Institute
- Letter from the Institute stating cost break up of the program (term-wise, year-wise)
- Marksheets from SSC onwards till the latest examination passed
- KYC Documents for the Applicant & Co-applicant (Residence Proof , ID Proof , Signature Verfication Proof , Age proof )
- Income Documents of the Co-applicant ( Pay Slips / ITR copy etc )
- Declaration/Affidavit confirming that no loan has been availed from other Bank/Institution
For studies abroad - In addition to the above list of documents – Pls Provide :
- Letter from the Head Of Department ( University)
- Visa approval papers
- Travel papers
- GMAT/GRE/SAT score
- I-20 in case of applicant going to the USA
Insurance
Credit Shield
In case of death or total permanent disability of the loanee,the loanee/nominee can avail of the Payment Protection Insurance (Credit Shield) which insures the principle outstanding on the loan up to a maximum of the loan amount. Principle outstanding is defined as the amount of loan outstanding (not including any arrears in payment or interest thereon) at the Date of Loss, having accounted for payments made and interest accruing as determined in the Policy.Hence,the amount covered does not include any principal added because of non - payment of EMI and also will not include interest/ accrued charges.
Personal Accident Cover
In order to ensure that your family is taken care of we also offer a Personal Accident cover of Rs.1,00,000 at a nominal premium.
For more info visite HDFC Bank Educational Loan |
