2023 2024 EduVark > Education Discussion > General Discussion


  #1  
January 23rd, 2016, 11:42 AM
Unregistered
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Loan to Study Abroad

Hello sir I am Garima and I want to apply for Education Loan as I want to study abroad so will you please tell me what is the eligibility criteria required for this Loan Scheme in HDFC Bank??
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  #2  
January 23rd, 2016, 11:54 AM
Super Moderator
 
Join Date: Mar 2012
Re: Loan to Study Abroad

As you want to apply for Education Loan for Foreign Education in HDFC bank so below I am providing you details for this:

Features of Educational Loan

-Get tax benefits under Section 80(E) of Income Tax Act of India
-Get Education Loan home delivered
-Flexible choices of repayment terms
-Loan up to 100% of educational expenses. No margin money required
-Flexibility on collateral security
-Loan sanction before admission
-Multi city co-borrowers accepted
-Web enabled billing and servicing
-Doorstep service
-Preferential rates for top ranked universities/institutes

Eligibility Criteria:
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

Documents Required:
-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
-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

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


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