Education is a high-yield investment that can be a huge financial burden for students.
HDFC Bank offers a full package of higher education loans for students studying in India and overseas. The loans can be used to pay tuition, living expenses, and other educational expenses. With these, HDFC education provides financial backing to students from different backgrounds.
HDFC Education Loan Interest Rates and Other Charges
Other Charges:
- Late EMI payment: 24% p.a. on overdue EMI
- EMI return: ₹450 per instance
- Duplicate repayment schedule: Nil
- Loan cancellation / rebooking: Nil
Rates are linked to HDFC Benchmark Lending Rate (CBLR) and may change as per RBI guidelines.
The final interest rate depends on the borrower’s profile, co-applicant income, and institute category.
You can compare these rates with other lenders through our guide on Best Education Loans in India 2025 or explore Loans Without Collateral for a better understanding of your options.
Get Education Loan 10X Faster than Banks.
Key Features of HDFC Education Loan 2025
The HDFC student loan combines high-value financing with flexible repayment options and quick approvals.
Here’s a quick overview of its main features:
For faster approval, ensure your KYC documents and admission proof are ready. Students applying to recognized institutes may also qualify for collateral-free loans. Learn more on our Education Loan Without Collateral page.
Get Education Loan with Higher Chances of Approval
HDFC Education Loan Schemes 2025
HDFC Bank provides education loan schemes designed to support Indian students pursuing higher education in India or abroad. Each scheme is tailored to meet different academic and financial needs, from undergraduate programs to professional and global degrees.
Here’s a breakdown of the two major HDFC education loan schemes:
If you are a student admitted to a top international university and looking for the friendliest and fastest education loan, do check Propelld’s guide on Education Loan for Study Abroad to explore alternatives with faster approval.
HDFC Education Loan Eligibility Criteria
Before applying for an HDFC education loan, students must meet specific eligibility requirements that vary slightly for domestic and overseas studies. Here’s an overview of the key eligibility criteria that determine approval for an HDFC education loan in 2025:
Basic Eligibility
- The applicant must be an Indian citizen. For NRIs, a close family member in India must hold Power of Attorney (PoA) to manage the loan process.
- The applicant should be between 16 and 35 years of age at the time of application.
Academic & Course Requirements
- Students must have secured admission to a recognized institution through either an entrance test or a merit-based selection process.
- Eligible institutes include those approved by UGC, AICTE, Government bodies, AIBMS, ICMR, and other accredited authorities.
- Eligible Courses include Graduate, postgraduate, and diploma programs in India or abroad.
- Popular eligible courses include MBA, MS, MBBS/MD, and other professional programs.
Other courses may be considered based on the co-applicant’s financial profile or available collateral.
Co-applicant Requirement
- A co-applicant is mandatory for all full-time programs.
- Eligible co-applicants include Parent or legal guardian, Spouse or parent-in-law
This ensures shared financial responsibility and smoother loan processing.
Loan Tenure & Additional Considerations
- Loan tenure can extend up to 15 years, depending on the course and repayment capacity.
- Students applying for collateral-free loans must demonstrate strong academic merit and a reliable co-applicant income.
You can improve your approval chances by choosing recognized universities and job-oriented courses. Explore Propelld’s detailed guide on Education Loan Eligibility Criteria in India to compare requirements across top banks.
HDFC Education Loan Documents Required (2025)
When applying for an HDFC education loan, both students and co-applicants must provide specific documents for identity, income, academic, and collateral verification. Submitting a complete set of documents ensures faster approval and smoother disbursement.
Get your Education Loan in just 3 Simple Steps. No Heavy Paperwork Needed. Check Your Eligibility Now.
How to Apply for HDFC Education Loan?
HDFC Bank accepts online as well as offline applications for education loan. Here are both the processes:
After your application is processed, and if your loan is sanctioned, the amount is transferred to the college directly.
Get Education Loan for Any College in India. 100% Fees Financed- Propelld Education Loan
How to Transfer Your Loan to HDFC?
Students can transfer their existing student loans to HDFC, which offers advantages like:
1. Simple loan terms
2. Policies that are advantageous to students
3. Reduced rates of interest
4. Improved repayment schedules
5. Broader reach
Students must gather documentation of the outstanding loan to transfer their loan to HDFC. After acceptance, HDFC repays the previous lender and uses the money to approve a new education loan with updated conditions in accordance with HDFC's student loan policy.
Hassle Free Loans. Lesser Documents. Higher Chances of Approval. Check Your Eligibility Now!
HDFC Education Loan Benefits
From funding education to easier repayment, HDFC education loan offers a range of benefits to students, which primarily include:
1. Tax Benefits
Interest paid on the loan qualifies for tax deduction under Section 80E of the Income Tax Act.
2. Pay After Education
EMI payments begin after course completion, reducing the financial burden during studies.
3. Covers All Expenses
The loan covers tuition, travel, accommodation, books, and other education-related costs.
4. Flexible Repayment
Offers competitive interest rates with special benefits for students of top institutions.
5. No Immediate Repayment
Provides collateral-free options and co-borrower flexibility for hassle-free loan management.
One of the most important factors when choosing an education loan is understanding the education loan interest rates and comparing them across various lenders, including HDFC.
Expenses Covered by HDFC Education Loan
The opportunity for students to obtain loan approval before the admissions process is one of the main advantages of HDFC education loans. The other advantage is the long list of expenses it covers.
1. Educational Fees
Covers tuition, lab, and examination fees.
2. Housing and Living Costs
Includes accommodation and food expenses.
3. Transportation Expenses
Funds travel costs to your educational location.
4. Additional Costs
Covers expenses for a laptop, books, and study materials
Fast-Tracked Education Loans with Propelld – Funding your Future in Just 7 Days!
Maximize Savings on Your Education Loan! Find out how to get the lowest rates. Explore Now
Interest Subsidy Schemes in HDFC Bank
The HDFC education loan is also eligible for interest subsidy. You can ease the student loan repayment with the following subsidies:
1. Central Government Interest Subsidy Scheme (CSIS)
Provides interest subsidies on education loans for economically weaker students in India. The subsidy applies to loans up to ₹7.50 lakh without collateral, with a family income limit of ₹4.50 lakh.
2. Padho Pardesh Scheme
Implemented by the Ministry of Minority Affairs, this scheme waives interest during the moratorium period for economically weaker minority students pursuing higher studies. The family income limit is ₹6 lakh.
Fund your Education at any College in India with 100% Fees Financed.
HDFC Education Loan Insurance
HDFC offers optional insurance to protect students and families against unexpected financial risks during the loan tenure.
Credit Shield Insurance: Covers critical illness, accidental disability, and death.
Term Insurance: Secures the loan amount for a specified term; remaining balance is paid in case of death.
Insurance premium can be added to the loan amount or paid separately.
Instant Approval, Hassle-Free Process – Secure Your Education Loan in as low as 2 Days!
Enjoy Hassle-free and Quicker Application Process at Propelld
If you wish to experience a hassle free and quicker loan process, Propelld can be your reliable companion. Propelld streamlines the loan application process by offering individualized support and knowledgeable direction.
Are you parent of a JEE/NEET aspirant?
How to Transfer Your Loan to HDFC?
Students can transfer their existing student loans to HDFC, which offers advantages like:
1. Simple loan terms
2. Policies that are advantageous to students
3. Reduced rates of interest
4. Improved repayment schedules
5. Broader reach
Students must gather documentation of the outstanding loan to transfer their loan to HDFC. After acceptance, HDFC repays the previous lender and uses the money to approve a new education loan with updated conditions in accordance with HDFC's student loan policy.
Hassle Free Loans. Lesser Documents. Higher Chances of Approval. Check Your Eligibility Now!
HDFC Education Loan Benefits
From funding education to easier repayment, HDFC education loan offers a range of benefits to students, which primarily include:
1. Tax Benefits
Interest paid on the loan qualifies for tax deduction under Section 80E of the Income Tax Act.
2. Pay After Education
EMI payments begin after course completion, reducing the financial burden during studies.
3. Covers All Expenses
The loan covers tuition, travel, accommodation, books, and other education-related costs.
4. Flexible Repayment
Offers competitive interest rates with special benefits for students of top institutions.
5. No Immediate Repayment
Provides collateral-free options and co-borrower flexibility for hassle-free loan management.
One of the most important factors when choosing an education loan is understanding the education loan interest rates and comparing them across various lenders, including HDFC.
Expenses Covered by HDFC Education Loan
The opportunity for students to obtain loan approval before the admissions process is one of the main advantages of HDFC education loans. The other advantage is the long list of expenses it covers.
1. Educational Fees
Covers tuition, lab, and examination fees.
2. Housing and Living Costs
Includes accommodation and food expenses.
3. Transportation Expenses
Funds travel costs to your educational location.
4. Additional Costs
Covers expenses for a laptop, books, and study materials
Fast-Tracked Education Loans with Propelld – Funding your Future in Just 7 Days!
Maximize Savings on Your Education Loan! Find out how to get the lowest rates. Explore Now
Interest Subsidy Schemes in HDFC Bank
The HDFC education loan is also eligible for interest subsidy. You can ease the student loan repayment with the following subsidies:
1. Central Government Interest Subsidy Scheme (CSIS)
Provides interest subsidies on education loans for economically weaker students in India. The subsidy applies to loans up to ₹7.50 lakh without collateral, with a family income limit of ₹4.50 lakh.
2. Padho Pardesh Scheme
Implemented by the Ministry of Minority Affairs, this scheme waives interest during the moratorium period for economically weaker minority students pursuing higher studies. The family income limit is ₹6 lakh.
Fund your Education at any College in India with 100% Fees Financed.
HDFC Education Loan Insurance
HDFC offers optional insurance to protect students and families against unexpected financial risks during the loan tenure.
Credit Shield Insurance: Covers critical illness, accidental disability, and death.
Term Insurance: Secures the loan amount for a specified term; remaining balance is paid in case of death.
Insurance premium can be added to the loan amount or paid separately.
Instant Approval, Hassle-Free Process – Secure Your Education Loan in as low as 2 Days!
Enjoy Hassle-free and Quicker Application Process at Propelld
If you wish to experience a hassle free and quicker loan process, Propelld can be your reliable companion. Propelld streamlines the loan application process by offering individualized support and knowledgeable direction.
.svg)
