About HDFC Loans
With specialized focus, in-depth understanding of the requirements of students who wish to pursue higher education, HDFC Credila offers Customized Education Loans Home Delivered! With growing costs of education, the expenditure on children's education is one of the highest components of expenditure by an average Indian household.
HDFC Credila, an HDFC Ltd. Company, is India's First Dedicated Education Loan Company. HDFC Credila Financial Services pioneered the concept of specialist Education Loan lender and became India's First Dedicated Education Loan Company.
Of late, HDFC Credila has invested time and resources to set up appropriate systems, processes and know-how related to the education industry and has numerous databases on education sector and their credit scoring model for the approvals of loans, designed specifically for student loans.
Studies in India
To pursue higher education in India, one needs financial planning to be done at least a few months in advance. Rising costs and complex admission procedures need simple, quick, customized solutions. Hence, HDFC Credila offers the following finance solutions to help you fulfill your dream education in the University of your choice:
HDFC Credila has specialized products for various courses like full time & Executive MBA programs, MS, MBBS, MD, Clinical Research, and Engineering etc. and has funder for various different types of courses. Longer courses like 4-6 year MBBS programs are also funded with principal amount repayment post course completion.
Education loans for AICTE and non-AICTE approved courses: Based on the evaluation and employability statistics and analysis, HDFC Credila has given many students the opportunity to fund education through our education loan for non-AICTE approved courses too.
HDFC Credila covers up to 100% of the course fee and also living costs: Professional courses in India like an MBA require 8-10 lakhs of funds, going up to Rs 25 lakhs for a full time MBA course, upto 30 Lakhs for a 1 year Executive MBA course, over 35 lakhs for a MD or MBBS course. HDFC Credila does not have an upper limit of its loan amount.
Benefits for Students requiring loans to study in India
- Pre-admission loan evaluation: No last minute running around with this facility to apply to us even before you get your admission confirmed Flexible co-borrower & collateral terms
- No Margin Money
- Easy EMIs: Longer Repayment terms up to 10 years helps reduce the burden of repayment
- Attractive Tax benefits: The attractive tax benefits under Sec 80-E of Income tax Act makes taking an education loan a smarter choice over self finance of education.
- Hence, with HDFC Credila's tailor made loan solutions, you don't need to downsize your dreams!