Eligibility
The applicant must have passed at least class 12th or equivalent examination.


Important Documents
Admission approval of the institute or college, certificate of the last course attended. For salaried parents: six month salary slip of the parent, IT Form 16, Bank Statement. For self employed parents: 3 years' income tax return, profit and loss statement and balance sheet.


Processing period
Within a period of fifteen days.


Maximum amount
40% of the market value of mortgage or on the income of the Parent (for studies either in India or abroad)

Rate of Interest
For study in India: 13.25% on annual reducing balance. In this case, the collateral and the third party guarantee are required.


Repayment
Soon after the loan is disbursed.

Important
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.

Head office
Ramon House, 6th floor 169
Backbay Reclamation, Mumbai - 400 020
Website: www.hdfcbank.com