Foreign Education

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Multiple CollateralOptions

Flexible Tenure

Educational Freedom

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Foreign Education

Types of Education Loan

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Choose the right Education Loan for your future.

Interest Rate for Foreign Education Loan Starting from

12.50%

Terms & Conditions Apply*

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Loan Benefits & Features

Loan Benefits

Range of Institutions

Coverage for over 2100 universities across 35+ countries. 950 courses covered, including

  • Executive Management Courses (Working Executives) 
  • MS
  • MBA
  • MBBS/MD – Only India Colleges
  • All Other Courses – Cases to Case Basis

Effortless Funding
Up to 100% of other expenses including living and hostel expenses, travelling expenses, examination fees, library/laboratory fees; purchase of books / equipment's/instruments/uniforms; passage money for studies into India; purchase of computers / laptops considered necessary for completion of the course as decided by HDFC Credila. 

Note: Travel fare restricted to one economy class return ticket between India and the country of study.

Easy EMIs
Repay your loan through pocket-friendly EMIs.

Processing & Approval

  • Transparent process without any hidden fees. 
  • Minimal documents required for loan processing.
  • Funds are credited directly to an institution's account based on the fee structure.

 

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HDFC Credila

  • HDFC Credila is an HDFC Ltd. company. HDFC Credila,  is India's First Dedicated Education Loan Company. HDFC Credila Financial Services pioneered the concept of specialist Education Loan lender and became India's First Dedicated Education Loan Company.  
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Loan Details

Amount and Tenure

  • We cover full education costs with no limit if collateral is provided. Unsecured loans are available up to ₹45 lakh. 
  • Flexible tenure up to 14 years including moratorium.

Interest Rate

  • The rate of interest will be the floating rate linked to HDFC Credila's Benchmark Lending Rate (CBLR). 
  • Interest will be computed at a simple interest rate.
  • The floating interest rate will be (HDFC Credila's CBLR + spread) % per annum.
  • A spread is determined based on the case's risk profile, which depends on the student's academic background, employability of the chosen course, co-borrower's financial strength, loan repayment ability, credit history, collateral, branch network serviceability, and underwriting and servicing costs.
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Collateral & Moratorium

Collateral Options

  • Fixed deposits with HDFC Bank or HDFC Ltd on immovable assets like house, flat, bungalow, shop.
  • You can use your fixed deposits, insurance policies, select mutual funds, or NSC/KVP as collateral for a loan.

Moratorium

  • It refers to the course period plus one year or six months after securing a job, whichever comes first; as specified by the bank (as in the Schedule Cum Key Fact sheet).
  • The Principal Moratorium covers only repaying the loan's principal amount, while the interest moratorium covers both the principal and interest payments.

 

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Fees & Charges

The HDFC Education Loan for Foreign Education Rates & Fees are as follows:

Pre-payment charges: NIL

No Objection Certificate (NOC): NIL

Delayed Payment Charges *: @ 2 % per month of instalment ( MI/PMII)+ applicable taxes thereon  

Cheque or ACH mandate or Direct Debit swapping charges*: Up to ₹500/- per swap instance plus applicable taxes thereon   

Click here to view more details of the fees and charges.

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Most Important Terms & Conditions

  • The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Most Important Terms & Conditions

Wondering if you are eligible?

The following criteria determines your eligibility:

  • Borrower must be an Indian citizen
  • Co-applicants must be an Indian citizen
  • Ability to offer collateral for certain cases
  • Co-borrower(s) must have a bank account in any bank in India with cheque writing facilities
  • Confirmed admission in the colleges before disbursement
  • Borrower and Co‐applicant(s) to meet HDFC Credila's credit and underwriting norms as applicable from time to time
  • *Conditions apply. All Education Loans from HDFC Credila. Credit at sole discretion of HDFC Credila.
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Documents required to get you started

Photo Identity Proof

  • Applicant and Co-Applicant (Any one of the following)
  • Permanent Account Number (PAN) Card
  • Passport
  • Driving Licence
  • Aadhaar Card
  • Voter's ID Card

Address Proof

  • Applicant and Co-Applicant (Any one of the following)
  • Passport.
  • Driving Licence
  • Aadhaar Card
  • Voter's ID Card

Academic Documents of Student

  • Marksheet/Certificate of 12th Exam
  • Marksheet/Certificate of Subsequent Years of Education e.g. BE, BCom, BSc, etc.
  • Marksheet of Any Entrance Exam Taken e.g. CAT, CET, etc. (If applicable)
  • GRE/GMAT/TOEFL/IELTS, etc. Marksheets (If applicable)
  • Scholarship Documents (if applicable)
Know More

More About foreign Education Loan

With a Foreign Education Loan, give your children the best education money can buy. Get 100% finance for a wide range of courses covering a variety of costs at competitive interest rates. All of the tuition fees as determined by the college/University

Up to 100% of other expenses including living and hostel expenses, travelling expenses, examination fees, library/laboratory fees; purchase of books / equipment's/instruments/uniforms; passage money for studies into India; purchase of computers / laptops considered necessary for completion of the course as decided by HDFC Credila. Travel fare restricted to one economy class return ticket between India and the country of study.

We cover the entire cost of education with no upper limit with collateral. If you are looking for unsecured loan, we can offer up to ₹45 lakh*

Foreign education loans can be used for over 2100 universities, 950 courses across 35+ countries: -

  • MS

  • MBA

  • MBBS/MD – Only India Colleges

  • Executive Management Courses (Working Executives)

  • All Other Courses – Cases to Case Basis

You can apply for an Overseas Education Loan by following these steps:

Step 1: Register on the online portal

Step 2: Fill the Common Education Loan Application Form (CELAF)

Step 3: Explore various loan schemes offered by different banks. (You can apply to a maximum of three banks through the portal)

Step 4: Track your application status online

*The (Most Important Terms and Conditions) for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.

Frequently Asked Questions  

A Foreign Education Loan is a financial product that helps students cover the costs of studying abroad.

A Foreign Education Loan Scheme can cover tuition fees, living expenses, travel, insurance, and other study-related costs; specific coverage may vary by lender.

HDFC Bank offers a repayment tenure of up to 14 years for Foreign Education Loans, including the moratorium period.

HDFC Credila is an HDFC Ltd. company and India's First Dedicated Education Loan Company. HDFC Credila Financial Services pioneered the concept of a specialist Education Loan lender and became India's First Dedicated Education Loan Company.

Secure your future—apply now for an education loan today!

Apply Now