Facets of Taking an Education Loan for Studying Abroad:br br What will your Education Loan cover?br br 1. Tuition Feesbr 2. Examination Feesbr 3. BoardingLodgingCommutingbr 4. One return ticket between India & the country of studybr br Eligibility criteria for HDFC Education Loan:br br Primary Factors:br br 1. You & your co-applicant need to be a citizen of India & above 18 years of agebr 2. Your co-applicant should have a bank Ac in India with cheque book facility.br 3. Admission to be confirmed before disbursement of your Education Loanbr br Secondary Factors:br br 1. The applicant's academic backgroundbr 2. Credentials of the university you applied tobr 3. Nature of the course you applied forbr 4. Your & co-applicant's credit historybr br HDFC Education Loan details:br br 1. Minimum Loan amount: ₹1,00,000-br 2. Maximum Loan amount: No Maximum amountbr 3. Maximum rate of interest: 14br 4. Collateral Security: Flexiblebr 5. Income tax benefits for a total of 8 yearsbr br Documents required for a HDFC Education Loan:br br 1. Application form duly filledbr 2. Passport size photo of applicant & co-applicantbr 3. Photo IDbr 4. Proof of residencebr 5. Proof of admission (if available)br 6. Co-applicant's proof of incomebr 7. Co-applicant's bank statement (last 8 months)br 8. Other relevant documents (if required)br br HDFC Student Loan Repayment Terms:br br 1. Simple interest can be paid during course periodbr 2. Principal & EMI can be paid after the grace periodbr 3. Entire loan can be paid over a period of 12 yearsbr 4. Repayment period can be extended over genuine reasonsbr br Apply for your Education Loan today!br br Visit us at www.hdfcsales.com.