The Collateral should be any one of the following assists:
Collateral is required to mitigate the risk involved in the credit. Since the student hasn't started to earn yet, we are not sure of his future income and profile, hence the collateral. 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.
As 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.
HDFC Credila offers unsecured loans up to Rs. 20 lakhs for meritorious students going to select colleges in India as well as Abroad
You will have to get it transferred to HDFC Ltd for us to take a second charge. Our RM can help you out here with necessary procedure and documentations.
Risk assessment consists of multiple financial and demographic variables. Every customer has a different profile and needs to be fulfilled accordingly. We try our level best to offer the best possible product to match customer requirements and profile.
HDFC Credila accepts property with clean title and appropriate documentation. Each case is to be evaluated based on the merit of the case and property related information