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HDFC Credilla Education Loan
HDFC Credilla Education Loan
HDFC Credila, an HDFC Ltd. Company, stands as India's First Dedicated Education Loan Company. Pioneering the concept of a specialist Education Loan lender, HDFC Credila Financial Services Limited holds the distinction of being India's First Dedicated Education Loan Company.
HDFC Credila provides funding for students pursuing higher education, both in India and overseas. Students can benefit from pre-approved education loans even before initiating the university application process. Notably, the institute from which a student completes their education retains their name for a lifetime. By offering education loan approval ahead of the admission process, HDFC Credila empowers numerous students to pursue higher education in their dream institutes. This approach ensures that students don't have to downsize their dreams.
Documents Required
  • Application from
  • One set to be pasted on the Application Form.
  • Second set to be affixed (stapled) to the Application Form.
  • Photo ID of Permanent Account Number (PAN) Card, Driving License, Aadhaar Card, Voter's ID Card.
  • Residence Proof of Passport, Driving License,Aadhaar Card, Voter's ID Card.
  • Marksheet/Certificate of 12th Exam.
  • Marksheet/Certificate of Subsequent Years of Education (e.g., BE, BCom, BSc, etc.).
  • Marksheet of Any Entrance Exam Taken (e.g., CAT, CET, etc.) - if applicable.
  • Scholarship Documents (if applicable).
  • Printed Admission Letter From the Institute on its Letter head With Institute's Address.
  • Bank passbook
  • Eligibility Criteria
  • The applicant must be an Indian citizen and should be at least 18 years old or older at the time of application.
  • The student should have secured admission to a recognized university or educational institution. This ensures that the course of study meets the standards set by regulatory authorities.
  • The applicant should have a strong academic record, meeting the minimum academic criteria set by the lending institution. Additionally, they may need to fulfill prerequisite tests such as GRE, IELTS, or TOEFL, depending on the requirements of the course and country of study.
  • A co-applicant is required for the loan, who can be the borrower's mother, father, sister, brother, spouse, relative from their paternal or maternal side, or a legal guardian. The co-applicant should have a steady source of income and a positive credit history to support the loan application.
  • The education loan scheme covers a wide range of courses, including regular graduate degrees, post-graduate degrees, diplomas, certificates, and doctorate courses. These courses can be pursued at foreign institutes and universities located in countries such as the USA, UK, France, Canada, Australia, New Zealand, Germany, Ireland, and others.
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    List of Benefits
  • All tuition fees as determined by the college/University.
  • Up to 100% of other expenses, including living and hostel expenses, traveling expenses, examination fees, library/laboratory fees; purchase of books/equipment’s/instruments/uniforms; passage money for studies into India; purchase of computers/laptops considered necessary for the completion of the course as decided by HDFC Credila. Travel fare restricted to one economy class return ticket between your residing city and study location.
  • Other Requirements
    Loan Amount:
  • Minimum Loan Amount Indian Rupees 1,00,000.
  • Lifetime Maximum Loan Amount: HDFC Credila does not have an upper limit on the loan. We process loans exceeding Indian Rupees 25,00,000 also, subject to the case meeting HDFC HDFC Credila's credit and underwriting norms as applicable from time to time.
  • Rate Of Interest:
  • Floating rate of interest linked to HDFC Credila’s Benchmark Lending Rate (CBLR).
  • The interest will be calculated using the Simple Interest Rate.
  • Floating rate of interest to be (HDFC Credila’s CBLR + Spread)% per annum.
  • How To Apply
    Certainly! Step-by-step application process:
    1. Visit Our Official Website.
    2. Read carefully all the information about the program details.
    3. Click on the "Register" to complete the registration with required details.
    4. After successful registration, Use the received credentials to log into your account.
    5. Once logged in & Go to the official website of the bank offering education loans.
    6. Find the section related to education loans on the bank's website.
    7. Locate the online application form for education loans on the website.
    8. Fill out the online application form with accurate information.
    9. Scan and upload the required documents as per the specifications provided on the website.
    10. Review the information entered in the application form to ensure accuracy.
    11. Once you are satisfied with the information provided, submit the online application form.
    12. Upon successful submission, you may receive an acknowledgment or reference number for your application.
    Note: "As a free user,"
    →'You're encouraged to share this valuable information with your friends to access the link properly.'

    25,00,000

    HDFC Credilla Education Loan
    SCHOLARSHIP PROVIDER
    HDFC Bank
    APPLICATION DEADLINE
    31 December
    EDUCATION LEVEL
    All
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    HDFC Credila, an HDFC Ltd. Company, stands as India's First Dedicated Education Loan Company. Pioneering the concept of a specialist Education Loan lender, HDFC Credila Financial Services Limited holds the distinction of being India's First Dedicated Education Loan Company.
    HDFC Credila provides funding for students pursuing higher education, both in India and overseas. Students can benefit from pre-approved education loans even before initiating the university application process. Notably, the institute from which a student completes their education retains their name for a lifetime. By offering education loan approval ahead of the admission process, HDFC Credila empowers numerous students to pursue higher education in their dream institutes. This approach ensures that students don't have to downsize their dreams.