Private bank
HDFC Bank
HDFC Bank Education Loan
Customers who want the bank, not the Credila NBFC.
Check HDFC eligibilityThe bank prices each file. Treat any advertised floor as the best case.
What to know
- This is the bank’s own education loan. Credila is a separate NBFC and is listed on its own.
- Pricing is profile-based and usually above public-sector cards.
- Useful when the family already has an HDFC account and a fee deadline is close.
Terms
- Interest
- Profile-based
- Maximum
- Set by the institute, course, and security.
- Without collateral
- Depends on the institute list
- Tenure
- Up to 15 years on most education products
- Processing fee
- Usually charged, plus GST.
- Margin
- Often nil on premier-institute files. Standard files follow the bank’s grid.
- Moratorium
- Course period plus 6 to 12 months
- Girl student
- Ask. A few private banks match the 0.50% public-sector concession.
- Typical speed
- About 5–10 working days
- Covers
- India and abroad
Eligibility
- Indian national, or an OCI where the lender allows it, with an admission offer.
- A co-applicant, usually a parent or guardian.
- Acceptable credit on the co-applicant for anything above the unsecured cap.
Documents
- Admission letter or college allotment, plus the fee structure.
- KYC for the student and co-applicant: PAN, Aadhaar, and passport-size photographs.
- Academic records: Class 10, Class 12, and degree marksheets.
- Co-applicant income proof: salary slips or ITR, and six months of bank statements.
- Collateral papers only when the loan is above the unsecured limit.
The bank or NBFC sanctions the loan. This page is a briefing so you can compare, not an offer.