#1
January 16th, 2016, 12:49 PM
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Study Loan USA
Hey buddy I’m looking for the details about education loan facilities offer by HDFC bank for foreign education for that will you please help me?
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#2
January 16th, 2016, 02:06 PM
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Re: Study Loan USA
On your demand I will help you here to get the information about education loan facilities offer by HDFC bank for foreign education for students. Here are the benefits of the Loan Avail tax benefits under section 80 (E) of Income Tax Act 1961 Loans over 20 lakh also available Up to 100% finance Doorstep service Easy EMIs Flexible Loan Terms Attractive rate of interest Features of the Loan Huge tax benefit under Sec 80 E of Income Tax Act of India Opportunity for students to take up responsibility and pay for their education on their own Preserve family savings (don’t break FDs, MFs etc and preserve funds for family contingency/emergencies) EMI starts post course completion whereas through personal finance fee needs to be paid at the beginning of the course Plan your finances in advance: Apply for a loan even before admission confirmation to avoid last minute running around for funds. Also, use the loan sanction letter as a proof of funds. An education loan from Credila can also cover tuition fee, living expense, books, travel, laptop etc. Build a good credit history (helps in taking loans etc in the future also) Quick and convenient loan processing with door step service Here is the eligibility criteria to apply for the loan You need to be a Indian resident You should be aged between 16 - 35 years. Collateral security may be required Co-Applicant: Co-Applicant is required for all full time courses Co-Applicant: Parents, spouse and siblings, father in-law, mother in-law, brother in-law, paternal/maternal uncle/aunt Here are the documentation details required for the loan Category Applicant (Student) Academic Institute Admission Letter with fee break-up: USA Applicant: I-20 Form and UK Applicant: CAS Letter SSC, HSC, Graduation mark sheets and also mark sheet of any entrance exam like GRE/GMAT/TOFEL/IELTS KYC(Know Your Customer) Age Proof Signature Proof Identity Proof Residence Proof Signature verification-Student/Co-Applicant like: PAN Card, Passport, Credila’s completed signature Authentication form Authenticate by Bank or 10th/12th or equivalent mark sheet with signature for student below 21 years Income Documents Salaried Latest 3 salary slips carrying date of joining details Latest 6 months Bank Statement of the Salary Account Latest 1 Year’s form 16 from employer along with 1 year income tax return Self Employed Last 2 Year ITR with Computation of Income Last 2 Years Audited Balance Sheet Last 8 Months Bank Statement Proof of Turnover (Latest Sales / Service Tax Return) Self Employed - Professional Last 2 Year ITR with Computation of Income Last 2 Years Audited Balance Sheet / P& L Last 8 Months Bank Statement Proof of Qualification Others Completed Application Form Latest Photograph (Signed Across Any document for establishing relationship between student and the co-applicant viz. ration card, marriage certificate, birth certificate etc. Interest rates and other charges of Loan Description of Charges Education Loan Loan Processing Charges Up to 1.5% of the sanctioned amount plus applicable any taxes thereon. Pre-payment charges Nil No Due Certificate / No Objection Certificate (NOC) Nil Duplicate of No Dues Certificate/NOC Nil Solvency Certificate Not applicable Charges for late payment of EMI @ 2 % per month of instalment ( MI/PMII)+ applicable taxes thereon Credit assessment charges Not applicable Non standard repayment charges Not applicable Cheque or ECS mandate or Direct Debit swapping charges Up to Rs.500/- per swap instance plus applicable taxes thereon Cheque/ECS/Direct Debit Bouncing Charges Rs. 400/- per dishonor of cheque or ECS or Direct Debit return per presentation plus applicable any taxes thereon Legal / incidental charges At actual Stamp Duty and other statutory charges As per applicable laws of the state Loan cancellation charges 1% of the unveiled sanctioned loan amount + applicable any taxes thereon Manual Collection Charges Rs. 200/- per visit plus applicable any taxes thereon Charges for Updating & Handling Loan Account As Per Customer Request Rs. 1,500/- plus applicable any taxes thereon Document Storage & Retrieval Charges For No Collateral: Rs. 2,000/- plus applicable any taxes thereon For Collateral: Rs. 4,000/- plus applicable any taxes thereon Address;- HDFC Bank HDFC Bank House, Senapati Bapat Marg Lower Parel (W), Mumbai - 400 013. Phone:- 91 - 22 - 6652 1000 |
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