Loan for students

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Loan for students

Personal Loan EMI Calculator

Take Out the Guess Work from Financial Planning. Calculate your EMIs now!

₹
₹ 25,000₹ 50,00,000
1 year7 years
%
9.99% PA24% PA
Your Monthly EMI will be

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Amount Payable

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Interest Amount

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Principal Amount

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Explore the wide range of Personal Loans tailored for every need.

Explore interest rates for Personal Loan

Starting From 9.99%

(Terms & Conditions Apply*)

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Loan Benefits & Features

Loan Benefits

  • No Usage Limits: Personal Loans for Students offer flexibility in how you utilise the funds. Whether it's financing your stay abroad during higher education or covering a part or the entirety of your tuition fees, the choice is yours. 
  • Tenure Flexibility:
    HDFC Bank's Quick Personal Loans for Students offers adjustable terms ranging from 12 to 60 months, easing the burden of EMI repayment.

Cost Advantages

  • Tax Benefits on Interest: You may be eligible for tax benefits on a personal loan used for higher education expenses.
  • Affordable EMIs: Manageable EMIs to reduce the financial burden for students.

Loan Accessibility

  • Instant Student Loan: Loan approval can be almost immediate, taking as little as 10 seconds for pre-approved individuals and less than 4 hours for non-HDFC Bank customers. Click here.
  • Minimal Documentation: Applying for a Personal Loans for Students from HDFC Bank in India is a straightforward process. You can apply online, through an ATM, the Loan Assist App or in-person at a bank location. The process requires minimal paperwork, especially if you are an HDFC Bank customer and pre-approved. 
Smart EMI

Cost Advantages

  • Tax Benefits on Interest: You may be eligible for tax benefits on a Personal Loan used for higher education expenses.  
  • Affordable EMIs: Manageable EMIs to reduce the financial burden for students.

Smart EMI

Documentation

No documentation is required for availing HDFC Bank Personal Loan for Students.

KYC-compliant bank / Pre-approved customers can avail the Personal Loan in just 10 seconds with no documentation.

If the customer needs higher loan amount, the customer can click here to avail Personal Loan with higher loan amount. This is an end-to-end digital journey. No documents are required for availing HDFC Bank Personal Loan.

  • 100% Digital Process

  • Hasslefree Borrowing experience! 

  • No Documentation Required to get Loan for your Personal needs.

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Loan Accessibility

  • Instant Student Loan: Loan approval can be almost immediate, taking as little as 10 seconds for pre-approved individuals and less than 4 hours for non-HDFC Bank customers. Click here. 
  • Minimal Documentation: Applying for a Personal Loans for Students from HDFC Bank in India is a straightforward process. You can apply online, through an ATM, the Loan Assist App or in-person at a bank location. The process requires minimal paperwork, especially if you are an HDFC Bank customer and pre-approved. 
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Wondering if you are eligible?

Personal Loan eligibility for Students:

Salaried

  • Nationality: Indian
  • Age: 21- 60 years
  • Salary:  ≥₹25,000
  • Employment: 2 years (1 year with current employer)
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More about Personal Loan for Education

The following are the essential aspects of Personal Loans for Students:

There are no end-use restrictions:
Personal Loans for Students offers flexibility in how you utilise the funds. Whether it's financing your stay abroad during higher education or covering tuition fees, the choice is yours.

Flexible tenure and affordable EMIs:  
Affordable EMIs are crucial for students managing their finances. HDFC Bank's Quick Personal Loans for Students offers adjustable terms ranging from 12 to 60 months, easing the burden of EMI repayment.

Simple application with little documentation:  
Applying for a Personal Loans for Students from HDFC Bank in India is a straightforward process. You can apply online, through an ATM, the Loan Assist App, or in-person at a bank location. The process requires minimal paperwork, especially if you are an HDFC Bank customer and pre-approved.

Claim tax benefits on interest payments: 
You may be eligible for tax benefits on a Personal Loan used for higher education expenses.

Student instant personal loan: 
Loan approval can be almost immediate, taking as little as 10 seconds for pre-approved individuals and less than 4 hours for non-HDFC Bank customers. Click here

Personal Loan eligibility for Students: 

For Salaried Individuals:  

Nationality: Indian 

Age: 21- 60 years 

Income: ≥₹25,000

Employment: 2 years (1 year with current employer) 

Note: Salaried employees at select private limited companies and public sector undertakings (including central, state and local bodies) 

Note: *Government taxes and other levies as applicable will be charged over and above the Fee and Charges. Loan disbursal is at the sole discretion of HDFC Bank Ltd.

  • Interest Rates and Charges for applying for Personal Loans for Students:
Rate of Interest 9.99% - 24.00%
Processing Fees Up to ₹ 6,500/- + GST
Tenure 03 months to 72 months
Documents Required No Documents for Pre-approved Personal Loan
For Non-Pre-approved - Last 3 Months Bank statements, 2 Latest Salary Slip and KYC


Updated on 23rd October 2024

  • *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  

Interest rates on Personal Loans for Students vary based on the lender and applicant's financial situation. Generally, income level, credit score and ability to repay debt affect interest rates. It is best to inquire about current rates from individual banks or financial organisations. The interest rate charged is usually between 10.90% and 24.00%. 

Students can apply for Personal Loans through several convenient methods. Here are the different ways:

  • Online Application: Go to the bank's official website and complete the application for online Personal Loans for Students.
  • Loan Assist App: Use the bank's loan application-specific mobile app. 
  • In-person: Apply in person at the closest bank location. The application procedure is intended to be simple and requires little paperwork, particularly if you are a bank customer who has already been pre-approved.

HDFC Bank Personal Loans for Students offers quick approval, competitive interest rates, and flexible repayment options. It requires minimal documentation and no collateral, making it ideal for students. Funds can be used for various education-related expenses, providing financial flexibility. 

Personal Loan for Students is a loan offered by banks to help them meet their financial needs for educational purposes. Customers can take the loan to fund their education or that of a family member. 

You can Apply online for a Personal Loans for Students . In addition to this, you can also use the bank's NetBanking facility or mobile app to apply for Personal Loans for Students.

Applicants can get a Personal Loan for Students with 12–60-month tenures. 

A Personal Loan for Students can be used for various purposes to meet travel expenses, tuition fees and the cost of study material, any special coaching one may need, and the cost of lodging and boarding.

You can get a Personal Loan approved in under 4 hours (almost instantly if you are an existing HDFC Bank customer).

HDFC Bank offers up to ₹40 lakh under its Personal Loan offering.

Fast, easy, secure—start your personal loan application right now

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