INTERVIEW QUESTIONS LOAN EDUCATION LOAN DETAILS

Question: What is the upper limit to get education loan from HDFC bank without collateral? Does HDFC bank
charge anything for prepayment?

Answer: HDFC Bank offers student loans for students seeking higher education in India and overseas. HDFC bank education loan offer a loan up to Rs. 10 Lakhs with unsecured lending up to Rs. 7.5 Lakhs. So you do not need to provide any collateral for loans up to Rs. 7.5 Lakhs. Yes there are prepayment charges ranging up to 4% of the outstanding balance prepaid, if loan is foreclosed or part prepaid during moratorium period.

HDFC Bank offers student loans for students seeking higher education in India and overseas. HDFC bank education loan offer a loan up to Rs. 10 Lakhs with unsecured lending up to Rs. 7.5 Lakhs. So you do not need to provide any collateral for loans up to Rs. 7.5 Lakhs. Yes there are prepayment charges ranging up to 4% of the outstanding balance prepaid, if loan is foreclosed or part prepaid during moratorium period. Source: CoolInterview.com

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