What is HDFC Credila?
HDFC Credila Financial Services, a Non banking Finance Company, is an HDFC Ltd subsidiary company which provides specialized lender for student loans and offers education loans for Studies Overseas and Studies in India.
HDFC Credila is not a broker or not an intermediary. It offers provision of Pre-payment/Foreclosure during the Loan tenure.
HDFC Credila has already funded students for esteemed top Universties like Columbia Univ., Purdue Univ., Cornell Univ.,Carnegie Mellon Univ., Oxford Univ., Pune Univ., Bangalore Management Academy, CREMA, ISB, IIM, Great lakes, SP Jain and numerous others
How is HDFC Credila different from other Education loan providers?
HDFC Credila offers branchless service. It can provide loan in many towns and cities. All you need to do is apply online at HDFC Credila.
HDFC Credila is India's first and only education loan specialist which main objective is to work closely with students and parents to try to identify the appropriate education loan programs for them.
HDFC Credila customizes the products depending on the school and the student's grades. This ensures that all students have a good shot of getting a loan, and that too at an attractive rate of interest.
It doesn't cost you anything to apply online to Credila. It just takes 5 minutes of your time!
Up to 100% finance
Loan Sanction before admissions also
Loan amount over Rs.20 lakhs also available
Less than 100% collateral
Loan against property mortgaged with HDFC Ltd.
Tax benefit under Section 80-E of Income tax Act
Repayment tenure up to 10 years (Easy EMIs)
Education Loan Process
Step 1: Convenient application process
Apply online at For HDFC Credila
Call/ SMS/ email to avail door step service
Visit the nearest branch office
Step 2: Minimal documentation
Submit one page application form & documents to HDFC Credila
Avail door-step service for document collection, or
Submit the documents at your nearest HDFC Credila/ HDFC Ltd. branch office.
Step 3: Faster loan approvals & disbursement
Quick loan approval post completion of all formalities
Collect your loan from the HDFC Credila office
Fully Completed and Signed Application Form.
Two Passport Size Photos ( Applicant and Co-Applicant), One set to be pasted on the Application Form and second set to be affixed (stapled) to the Application Form.
Photo ID (Permanent Account Number Card, Passport, Aadhaar Card, Driving License, Voter's ID Card ).
Residence Proof (Passport, Aadhaar Card, Driving License, Voter's ID Card)
Academic Documents of Student
Proof Of Admission (If available) and printed Admission Letter From the Institute on its Letterhead With Institute's Address.
Last 8 Months Bank Statements of Co-Applicant (make sure to include the bank statements of the Bank Account where Salary or Business/ Professional receipts are credited every month).
Income Proof of Co-Applicant.
If, Collateral - Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)