About the funding Solutions for Studies in the USA
Every year, thousands of students go to study in the USA after getting Education Loan from HDFC Credila. HDFC Credila has funded thousands of students to pursue MS and MBA in various USA Universities. HDFC Credila's customized products help you to avail loan approval even before your confirmed admission. This helps you to show proof of funds to Universities
- No upper limit on approved loan amount
- HDFC Credila provides unsecured (collateral free) educational loans to selected courses
- HDFC Credila helps you to transfer your money to your college/University account in American dollors.
- Planning for funds for your Education in the USA is a critical part. HDFC Credila recommends all USA education aspirants to plan their finances at the time of shortlisting your Universities.
With HDFC Credila the loan evaluation can be done 'even before the admission is confirmed'. This helps you understand how much of a loan you can get basis your past academic records, test scores etc. The application for the USA Universities for the fall intake starts usually in the month of October. This is when HDFC Credila can start helping you - from loan evaluation, providing loan sanctions and Solvency letters too to show 'proof of funds' to the Universities.
So you are completely prepared with your financial documents - which are a critical part during your application review. This 2-in-1 process also helps cut down on processing time at the time of final disbursement of the loan to your University.
The interest is charged only after the admission is confirmed & the loan is taken from HDFC Credila. HDFC Credila does not charge any interest before the loan is disbursed. Now you know why HDFC Credila is the preferred Education Loan provider of thousands of students, studying in some of the top Universities across USA.
To get admission to the US Universities & to get I-20 for US visa, "Availability of Liquid Funds" to complete the course needs to be demonstrated.
HDFC Credila's "Education Loan Sanction Letter" before admission can help you show the availability of liquid funds.
As per the new guidelines that came in effect from May 10, 2016, students enrolled under F-1 visa at accredited educational institutions in STEM (Science, Technology, Engineering, Math) fields are now allowed to work in the USA for as long as 3 years under the Optional Practical Training (OPT).
While on OPT, students can apply for jobs and H-1B visa (Work Permit). There is a special yearly quota of 20,000 H-1B visas only for graduates from US Universities.