#1
January 23rd, 2016, 11:42 AM
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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
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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 |