Institute of Computer and Finance Executives (ICFe) and HDFC tie up for study loans
Released on: September 24, 2008, 5:31 am
Press Release Author: FinessePR
Industry: Education
Press Release Summary: The Institute of Computer and Finance Executives (ICFe), the leading provider of training for financial sector, today formally announced their tie up with HDFC bank for providing study loan facility. This facility is available to the bright but economically weak students who are desirous of taking loans to undertake courses offered by ICFe. This education loan facility is available at all ICFe centers across India.
Press Release Body: Press Release September 24th, 2008 New Delhi
Institute of Computer and Finance Executives (ICFe) and HDFC tie up for study loans
This tie up will provide ICFe students with the facility of an education loan at minimum interest rates and without any security
The Institute of Computer and Finance Executives (ICFe), the leading provider of training for financial sector, today formally announced their tie up with HDFC bank for providing study loan facility. This facility is available to the bright but economically weak students who are desirous of taking loans to undertake courses offered by ICFe. This education loan facility is available at all ICFe centers across India.
ICFe imparts training in the fields of Accounting, Banking, Insurance and Financial Services. ICFe already has 60 centres running in the states of Haryana, Punjab, Himachal Pradesh, Uttar Pradesh, Rajasthan and Delhi-NCR region.
Any ICFe student will be eligible for the education loan ranging from Rs 50,000 to Rs 1,00,000 from HDFC Bank. The loan is available in easy payback installments of 12, 24, 36 and equal monthly installments, after the course is finished. The bank is granting the educational loan with special interest rates and without any security exclusively for ICFe.
Mr. Santosh Mangal, CMD, ICFe says on the tie-up with HDFC bank ‘‘Many dreams and aspirations of the bright and deserving candidates remain unfulfilled because of the lack of finances. We are happy that HDFC bank is helping us in this initiative to develop and nurture the future of budding talents by providing them with educational loans at the best possible rates. Through this tie up, many brilliant learners will come forward in contributing towards Indian accountancy sector, which is in the need of sharp calculating minds”.
Mr. Krishnendu Dutta, Manager, Education Loans, HDFC says, “We believe that every student has the right to better his chances professionally and we are there to assist him in this endeavour. HDFC Education loans will provide an impetus to the ICFe initiative of training the students from the smaller cities and towns and from the lower income group”.
Applicants for the loan would have to meet the criteria specified by the bank as per its eligibility criteria. The process is very simple and as per the usual practice and policy like handling enquires on credit documentation, collection of loan application and requisite enclosures, documents verification, execution of loan agreement from the students of ICFe.
ICFe will evaluate the intent and capability of the students who are going to pursue the ICFe course in the right direction, so that only the deserving and committed students gets recommendation from ICFe to get HDFC Educational loans.
About ICFe
ICFe imparts training in the fields of Accounting, Banking, Insurance and Financial Services. ICFe already has 60 centres running in the states of Haryana, Punjab, Himachal Pradesh, Uttar Pradesh, Rajasthan and Delhi NCR region.
The Institute of Computer & Finance executives (ICFe) has been in operation for the past five years and provides in-depth practical knowledge to candidates by using latest computerized techniques. The mission of the organization is to prepare and provide competent accountants to the industry. ICFe has around 60 centers spread across India.
About HDFC
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
2025
