Our RM can help you out here with necessary procedure and documentations.ĥ. You will have to get it transferred to HDFC Ltd for us to take a second charge. My collateral is mortgaged with SBI and is of a high value. Can I give the same property as collateral? 20 lakhs for meritorious students going to select colleges in India as well as AbroadĤ. HDFC Credila offers unsecured loans up to Rs. What if a student has no support system or surety?Īs explained earlier, we do give weightage to the student's past academic track record, entrance test scores, future school/institute/university's reputation and employability.
In case you have any loan with HDFC Limited, it's an extremely simple process and can be fulfilled by our dedicated Relationship Managers It's in the interest of the students and parents to provide the required collateral as that enables the students to get better interest rates on education loan.ģ. Since the student hasn't started to earn yet, we are not sure of his future income and profile, hence the collateral. Why collateral is required when my co-borrower has a very good income?Ĭollateral is required to mitigate the risk involved in the credit. Immoveable Collateral – Flat, House, Bungalow, Land (Non-Agricultural), Shop, etc.Ģ.The Collateral should be any one of the following assists:
