HDFC Bank Education Loan College List 2024

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.

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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

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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:

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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)

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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

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Minimal Documentation. Higher Chances of Approval. Easy Online Processes. Check Your Eligibility. 

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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:

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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:

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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.

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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.

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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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FAQ on HDFC Bank Education Loan College List

What is the HDFC Bank education loan? 

HDFC Bank offers education loans to students for pursuing higher education in India and abroad, covering tuition fees, living expenses, and other related costs.

Which colleges are eligible for HDFC Bank education loans? 

HDFC Bank provides education loans to students enrolled in recognised institutions in India and abroad. Premier institutions in India, like IITs and IIMs, often have special loan terms.

Is there a specific list of colleges for HDFC education loans? 

Yes, HDFC Bank maintains a list of recognised institutions, both in India and abroad, that qualify for its education loans. Premier institutions like IITs, NITs, IIMs, and medical colleges are usually included.

How can I check if my college is eligible for an HDFC education loan? 

You can check the eligibility of your college by visiting the HDFC Bank website or contacting their loan representatives for a detailed list of recognised institutions.

What are the benefits of taking an HDFC Bank education loan for premier institutions?

 For premier institutions in India such as IITs, IIMs, and AIIMS, HDFC Bank may offer favourable terms like lower interest rates, higher loan amounts, and longer repayment periods.

Does HDFC Bank offer special education loans for IIT and IIM students?

 Yes, HDFC Bank often offers exclusive education loan schemes with flexible terms and lower interest rates for students of premier institutions like IITs and IIMs.

Can I apply for an HDFC Bank education loan for studying abroad? 

Yes, HDFC Bank provides education loans for students planning to study in recognised institutions abroad, covering tuition fees and living expenses.

What is the loan amount limit for premier institutions under the HDFC education loan? 

HDFC Bank may offer higher loan limits for students enrolling in premier institutions, but the specific amount depends on the course and institution.

What are the interest rates for HDFC Bank education loans for premier institutions? 

Interest rates may vary, but HDFC Bank typically offers competitive rates, especially for students in prestigious institutions like IITs, IIMs, and top medical colleges.

What documents are required to apply for an HDFC education loan?

 Documents include admission proof, cost of study estimates, academic records, KYC details, income proof of parents/guardians, and collateral, if applicable.

Are there any processing fees for HDFC Bank education loans? 

HDFC Bank usually charges a processing fee, which varies depending on the loan amount and the institution. However, special schemes for premier institutions may offer reduced fees.

How long is the repayment period for HDFC education loans? 

The repayment period typically ranges from 5 to 15 years, with a moratorium period covering the duration of the course and an additional 6-12 months post-completion.

Does HDFC Bank provide loans for diploma courses? 

Yes, HDFC Bank provides loans for diploma courses as long as the institution is recognised by relevant authorities and listed in their approved college list.

How can I repay my HDFC education loan? 

Once the moratorium period ends, repayments can be made through EMIs. HDFC Bank offers flexible repayment options, especially for students from premier institutions.