Check out the Interest rate of HDFC bank for Indian Education.

Published: Monday May 27, 2019 16:28

Banks typically charge a fixed amount rate for certain category of students, bu HDFC bank education loan interest rate differs for each student. The interest of HDFC bank, which is subject to change from time to time. HDFC education loan interest rate will be calculated using simple interest on daily, monthly or yearly reducing process.

HDFC Bank offers attractive Interest rates on education loans fo Indian education. To know more about interest rates for education loan for Indian Education are given below.

Here is an exhaustive details of all the fees and charges to be paid for the education loan:

Loan Processing Charges*- Maximum up to 15 of the loan amount as applicale. or Minimum Rs. 1000/- whichever is higher

Pre-payment charges*- Upto 4% of the Outstanding Balance prepaid, if loan is foreclosed/ part perpaid during Moratorium (along with and in addition to due/accrued interest, if any, and other amounts due and/or payable by the Borrower to the Bank). No prepayment charges will be charged if loan is foreclosed / part prepaid any time after expiry of the Moratorium.

No Due Certificate / No Objection Certificate (NOC)- Nil

Duplicate of No Dues Certificate/NOC- Nil

Solvency Certificate- Not applicable

Overdue EMI Interest- @ 24 % p.a. on overdue/unpaid EMI amount outstanding from EMI due date

Credit assessment charges- Not applicable

Non standard repayment charges- Not applicable

Cheque / ACH swapping charges- Rs. 500/- per instance

Duplicate Repayment Schedule Charges- Rs. 200/-

Loan Re-Booking / Re-Scheduling Charges- Upto Rs. 1000/-

EMI Return Charges*- Rs.550/- per instance

Legal / incidental charges- At actual

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