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Credila, an HDFC Ltd Company is India’s First Dedicated Education Loan Company known to pioneer the concept of a specialist Education Loan lender.

Its mission and philosophy is to contribute towards transforming lives and building the country. It is now the preferred brand for thousands of students studying across 33 countries in over 1800 institutes.

It understands that each higher education aspirant needs to avail various products and services before and during the course of his higher education years. So, as a special initiative, Credila has put together exciting offers on products like Airfares, extra baggage, calling cards, laptops, mobile phones, tabs, other gadgets , eye wear, online shopping, stationary, live project portals, language classes & vaccination too.

Credila has invested time and resources to set up appropriate systems, processes and know-how related to the education industry. It has numerous databases on the education sector and its credit scoring model for approvals of loans is designed specifically for student loans.

Some problems faced by students and parents while applying for an education loan are:

  • Flexibility in terms of the loans which need to be customized to the requirements of the students and their respective courses
  • Find the required margin money (portion of the fees that is to be paid by students/parents which is not covered by the loan)
  • Required loan amount is more than the value of the collateral security
  • Prove that the University, College and the applied Course are appropriate. (This can be quite challenging if the decision maker is not aware of the thousands of valid and accredited educational choices available in today’s fast changing world of education)
  • Inability to get the loan approval letter in time to meet the admission and visa related deadlines
  • Get appropriate customer service during the repayment cycle
  • Repay the loan from overseas

Keeping in mind all these difficulties faced by students, the exclusive benefits of a Credila education loan are as follows:

  1. Total 100 % financing
  2. Doorstep service
  3. Loan amount above Rs. 20 lakhs
  4. Repayment tenure up to 10 years (Easy EMIs)
  5. Less than 100% collateral
  6. Co-borrower flexibility
  7. Loan against property mortgaged with HDFC Ltd.
  8. Loan is sanctioned before admission
  9. Competitive rate of interest
  10. Tax benefits under Section 80-E of Income tax Act
  11. Quick and Hassle-free process
  12. No margin money required

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