Everything You Need To Know About HDFC Credila Education Loan

Education serves as the building block of life, and a strong foundation of quality education is imperative to ensure a bright future. To obtain an outstanding education, individuals worldwide are constantly seeking the finest academic institutions, both domestically and internationally. While a plethora of universities offer world-class education to aspirants, tuition fees are skyrocketing more each day. Financial impediments should not hinder educational pursuits, hence, the most viable solution is to explore education loans to secure the necessary funding for educational excellence.

HDFC Credila, an HDFC Ltd. Company, is India's First Dedicated Education Loan Company who pioneered the concept of specialist Education Loan lending. It offers speedy, tailor made education loans to students who want to pursue higher education in India or abroad. Till date, HDFC Credila has funded thousands of India students to over 2100+ unique educational institutes across 35+ countries through a hassle-free loan application process.

HDFC Credila Student Loans offer several benefits, including:

Tax Benefit Under Sec 80 E

HDFC Credila loan borrowers are entitled to avail tax benefits on interest paid on education loan under Sec 80-E of the Income Tax Act.

Up to 100% Finance

HDFC Credila funds the entire cost of your education signifying zero-margin money. The loan along with college fees covers living expenses, traveling expenses & all other expenses attached to the course.

Pre-approved Loan

HDFC Credila sanctions loan even before the student has received an admission offer from university or college.

No Upper Limit On Loan Amount

HDFC Credila does not have an upper limit on the loan. The company processes loan exceeding INR 25,00,000.

Easy EMIs

The flexibility to choose repayment tenure between 12 to 180 months.

Trustworthy

The product is trustworthy. HDFC Credila is a subsidiary of HDFC Ltd. company, one of the most trusted financial service providers in India

There are a set of documents that are required for education loan. Follow on below to know in detail about it.

Eligibility Criteria

The student applying for the education loan should be an Indian citizen. The student’s co-borrower has to be student’s parent, spouse, sibling, in-laws, or uncle/aunt and he too has to be an Indian citizen.

HDFC Credila Loan Processing Charges

HDFC Credila processing fee amounts up to 1 % to 1.25% of the loan amount which includes all the legal fees and registration charges. There are no other hidden charges.

• Fully completed and signed Application Form
• Copies of Age Proof, Identity Proof, and Residence Proof
• 2 Attested Passport size photograph
• Academic documents of the student such as mark sheets of all qualifying courses and entrance exams
• Financial documents of the parents or co-borrower.

• Fully completed and signed Application Form
• Copies of Age Proof, Identity Proof, and Residence Proof
• 2 Attested Passport size photograph
• Academic documents of the student such as mark sheets of all qualifying courses and entrance exams
• Financial documents of the parents or co-borrower.