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HDFC Bank plans the growth of education loan portfolio

HDFC Bank has plans to grow its education loan business

Apnaloan.com Research Bureau

08 Nov 2007

The Economic Times has reported on November 8, 2007 that HDFC bank is looking to expand its education loans business by tapping the vocational training market. It has entered agreements for the same with around 15 institutes.

The bank offers loans up to Rs 10 lakh for education in India and up to Rs 20 lakh for education abroad. The interest rate for these loans is below their present prime lending rate of 15%.