Interest Rate : 11.25%
Processing Fee : 1%
HDFC Credila, an HDFC Ltd. Company, is India’s First Dedicated Education Loan Company. HDFC Credila funds students for higher education in both India and overseas. Students can get their education loan pre-approved even before they start applying to Universities. The institute from where student completes the education remains with his/her name for life time! With education loan approval even before the admission process, HDFC Credila enables numerous students to pursue higher education in their dream institute.
HDFC Credila has funded tens of thousands of students from India to over 2100+ unique educational institutes across 35+ countries!
- No margin money required
- Up to 100% finance
- Tax benefit under Sec 80E
- Attractive rate of Interest
- No upper limit on loan amount
- Long term loans resulting in easy EMIs
- Flexibility in collateral security requirements
- Loan against property mortgaged with HDFC
For KYC
1) PAN Card
2) Aadhar Card
For Address Proof
1) Valid Electricity/ Water/ Gas bill/ Postpaid bill
2) Voter’s ID card
3) Passport
4) House Rent/ Lease agreement
For Academic record:
1) 10th Marksheet
2) 12th Marksheet
3) Admit card proof
4) Entrance Exam result ( GRE/ TOEFL/ IELTS/ GMAT – if applicable)
5) Under Graduate result ( if applicable provide semester wise)
For Co-applicant – Salaried:
1) Salary Slips (Last 3 months)
2) Bank Account Statement (Last 6 months)
3) IT Returns/ Form 16 for last 2- 3 years
For Co-applicant – Self Employed/ Business owner/ Farmer
1) GST or ITR (Last 2 -3 years)
2) Bank account statement (Last 6 months)
3) Business Address Proof (if required
Education Loan from HDFC Credila offers:
- Competitive rate of interest
- Attractive tax benefits
- Up to 100% finance covering tuition fee & living costs
- Unsecured loan up to INR 75 lakhs
- Easy EMIs with repayment tenure up to 15 years
- No margin money
- Loan sanction even before admission confirmation
- Co-borrower flexibility
- No hidden charges
- Quick and hassle-free process
- Minimum Loan Amount Indian Rupees 1,00,000
- Maximum Loan Amount: HDFC Credila does not have an upper limit on the loan, subject to the case meeting HDFC Credila’s credit and underwriting norms as applicable from time to time.
Email: grievance@hdfccredila.com