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Planning for higher education is a significant milestone, and securing financial support is essential. HDFC Bank offers education loans catering to students aiming for studies in India and abroad. However, before applying for a loan, you must ensure that your chosen institution is included in the HDFC Bank education loan college list.
This guide provides detailed information on this list, how it benefits you, and introduces you to additional financing options like HDFC Credila.
What are the Institutions on the HDFC Bank Education Loan College List
The table below illustrates some of the institutions typically included in the HDFC education loan college list:
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How to Access and Use the HDFC Bank Education Loan College List?
Getting access to the HDFC Bank education loan college list is straightforward and can be done through several methods:
Online Portal
Visit the HDFC Bank website to view the list.
Branch Inquiry
Visit any HDFC Bank branch and request the list.
Customer Support
Contact HDFC Bank’s customer care for assistance in confirming whether your college is on the list.
Once you’ve confirmed your college is on the list, the application process is streamlined, making it easier for you to secure the loan.
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Suggested read: Top 8 Education Loan Rejection Reasons in India
Loan Terms at Colleges on the HDFC Bank Education Loan College List
Institutions on the HDFC Bank education loan college list often come with more favourable loan terms. The table below provides a quick comparison:
Why Choose HDFC Bank for Your Education Loan?
HDFC Bank is a preferred choice for education loans in India due to its comprehensive features designed to support students and their families. Here’s why:
1. Competitive Interest Rates:
Enjoy lower interest rates that make repayment more manageable.
2. Flexible Repayment Options:
Benefit from a moratorium period covering the course duration plus six months to a year.
3. High Loan Amounts:
Receive up to ₹20 lakhs for studies in India and up to ₹30 lakhs for studying abroad.
4. Fast Processing:
If your college is on the HDFC Bank education loan college list, your loan application is processed faster.
Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility.
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Understanding the HDFC Education Loan College List
The HDFC Bank education loan college list is a carefully curated list of institutions approved by HDFC Bank for education loans. This list is crucial as it simplifies the loan approval process and offers better loan terms for students attending these institutions.
Coverage:
Includes institutions from India and abroad, across various disciplines.
Simplified Approval:
Pre-approved institutions mean reduced documentation and quicker loan processing.
Favourable Terms:
Students from listed colleges often receive better loan terms, such as lower interest rates.
Also Read our blog HDFC Education Loan - Eligibility & Interest Rates (2024)
Benefits of Studying at Premier Institutions in India
HDFC Bank recognises the importance of premier institutions in India, and many of these are included in the education loan college list. Studying at these institutions offers several advantages:
1. Academic Excellence:
These institutions are known for their rigorous academic standards and high-quality education.
2. Career Prospects:
Graduates from premier institutions often have better job opportunities and higher starting salaries.
3. Networking:
Strong alumni networks provide valuable connections and career growth opportunities.
4. Scholarships and Partnerships:
Premier institutions often have partnerships that offer scholarships, internships, and job placements.
Suggested Read Get an Education Loan in Karnataka: Eligibility, Interest Rates and Banks
Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility.
How to Apply for an HDFC Bank Education Loan
Applying for an HDFC Bank education loan is straightforward, especially if your institution is on the approved list. Here’s a step-by-step guide:
HDFC Credila: An Additional Financing Option
While HDFC Bank offers robust education loans, another option worth considering is HDFC Credila, a specialised education loan provider under the HDFC umbrella.
What is HDFC Credila?
HDFC Credila is India’s first dedicated education loan company, focusing exclusively on funding higher education. It provides a more customised approach to education loans, catering to the specific needs of students and their families.
Key Features of HDFC Credila:
Here are some of the reasons why you should consider HDFC Credila
1. Tailored Loan Solutions:
HDFC Credila offers education loans that can be customised according to the student’s course, country of study, and financial needs.
2. No Upper Limit on Loan Amount:
Unlike traditional loans, HDFC Credila doesn’t cap the loan amount, making it suitable for high-cost courses.
3. Coverage of Full Cost:
Loans cover the entire cost of education, including tuition, living expenses, travel, and more.
4. Flexible Repayment Plans:
HDFC Credila offers a range of repayment options, including moratorium periods and EMI plans that align with your earning potential post-graduation.
5. Interest Rate Benefits:
HDFC Credila provides interest rate concessions for meritorious students or those admitted to top-ranking institutions.
Also, Read our blog on How to get an Education Loan in Telangana in 2024!
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HDFC Credila Partially Funded Colleges
Here’s a list of colleges under HDFC Credila:
HDFC Credila vs. HDFC Bank Education Loan: A Quick Comparison
But which one should you pick? Here’s an in-depth comparison to help you pick.
Special Considerations for Overseas Education
Planning to study abroad? The HDFC Bank education loan college list includes several renowned international universities and HDFC Credila provides additional options:
- Comprehensive Coverage: Loans cover tuition, living expenses, travel, and even health insurance.
- Foreign Exchange Services: HDFC Bank offers competitive exchange rates and services to manage your funds while abroad.
- Loan Repayment Flexibility: Repayment options are designed to accommodate different earning potentials post-graduation.
The HDFC Bank education loan college list is an invaluable resource for students planning their higher education. It simplifies the loan process, offers better terms, and ensures you can focus on your studies rather than financial stress. Additionally, HDFC Credila provides a flexible, tailored approach to education loans, especially for those studying abroad or pursuing high-cost courses.
Why Propelld
It can be very challenging for a student under academic pressure to figure out how to get an education loan.
Propelld offers student-specific education finance choices. Whether you're searching for an education loan, we have the solution.
The following are some advantages of utilising Propelld for your student loan.
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