HDFC bank offers education loan for study abroad.

Eligibility for education loan:

Must be Indian resident.

Age : 16 - 35 years.

Collateral security may be required

Co-Applicant is required for all full time courses .

Documents required:

Institute Admission Letter with fee break-up:
USA Applicant: I-20 Form
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

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

Loan Processing Charges:
Up to 1.5% of the sanctioned amount plus applicable any taxes thereon.