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.

For more information, please contact:
Sunil Kumar Singh / Nidhi Gupta
Finesse PR
Telephone: +91 11 43056200(30 Lines) Fax: + 91 11 43056202
sunil@finessepr.com/ nidhi@finessepr.com




Web Site: http://www.icfe.in

Contact Details: 181,Anand Vihar, Ptampura, Delhi-110034
Phone no.-43056200