Loan For Students

A degree in a course of your choice, getting into the best of universities, or even pursuing a professional course to hone your skills- all this can burn a sizeable hole in your pockets as the cost of education continues to soar. Planning ahead is the key, but in the event that you couldn’t do that or you decide to pursue higher studies in the middle of your early career days, then money should not be the thing that holds you back. For your sudden education plans, you can always get a Personal Loan for students from HDFC Bank.
Unlike an Education Loan, a Personal Loan can be used for a wide range of purposes. You can use it to fund your own education, or that of a child or family member. And you are not required to pledge your assets, as the loan is made available basis your monthly income. With HDFC Bank's Personal Loan for students in India, you can finally realise your dream of studying overseas. Once your application to the college or university of your choice gets accepted, all you need to do is think about your future, because we will take care of helping you with the money to fund the same.

No end-use restriction: Unlike in the case of an Education Loan, there isn’t any restriction on how you use a Personal Loan for students. From funding your stay while you pursue your higher education abroad, to paying off a part or the entirety of your tuition fees, how you use it is up to you.

Flexible tenure and pocket-friendly EMIs: A key consideration for students is pocket-friendly EMIs. HDFC Bank’s instant Personal Loan for students comes with flexible tenures of 12-60 months, which eases the EMI repayment burden.

Hassle-free application, minimal documentation: The process of applying for a Personal Loan for students in India from HDFC Bank is hassle-free. You can apply online, through an ATM, using the Loan Assist App or in person at the bank branch. The process requires minimal documentation, more so if you are a pre-approved HDFC Bank customer.

Claim tax benefits on interest payments: If you put the loan amount to use towards funding higher education, you may be able to claim tax beneget a personal loanfits on the interest payments.

Instant personal loan for students: You can get a loan approved almost instantly. It takes around 10 seconds (for pre-approved HDFC Bank customers) to less than 4 hours (for non-HDFC Bank customers) to get a Personal Loan.

• Salaried employees at select private limited companies and public sector undertakings (including central, state and local bodies)
• Must be between 21 years and 60 years of age
• Must have had a job for at least 2 years, with a minimum of 1 year with the current employer
• For the self-employed: applicants may be required to have a specified minimum income, and financial documents that show stability of income.
• For an HDFC Bank Salary Account holder: must have a minimum net monthly income of Rs 25,000.
• For a non-HDFC Bank Salary Account holder: must have a minimum net monthly income of Rs 50,000

*Government taxes and other levies as applicable will be charged over and above the Fee and Charges. Loan disbursal is at the sole discretion of HDFC Bank Ltd.

• Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
• Address proof (copy of passport/voter ID card/driving license/Aadhaar)
• Bank statement for the previous 3 months (Passbook for previous 6 months)
• Two latest salary slips/current dated salary certificate with the latest Form 16
• Proof of end use