Over the past seven years, 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.
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.
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.
- 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
Benefits for Students
- Be Independent: Help your parents by funding your education with Education Loan
- Approval before Admission: Get Education Loan approval letter before admission from HDFC Credila so you do not have to Downsize Your Dreams!
- Sources of Funds for USA I-20: HDFC Credila's Education Loan approval letter demonstrates assured sources of funds for getting I-20 from USA Universities or Visa for many countries.
- Funding Total Cost of Education: HDFC Credila funds total cost of your education, including living expenses & all other expenses reducing your financial worries
- Deal with an Expert: HDFC Credila is dedicated in providing only education loans. We understand your world & your unique and complex requirements.
- Easy to Apply: It doesn't cost you anything to apply online to Credila. It just takes 5 minutes of your time! HDFC Credila's person can visit you at your convenience to complete all the required loan related formalities.
Benefits for Parents
- Tax Benefits: Education Loan from HDFC Credila provides income tax benefits under Section 80E of Income Tax Act of India
- Trustworthy Company: HDFC Credila is a subsidiary of HDFC Ltd., one of the most trusted names in financial services industry.
- Responsible Option: Education Loan makes students financially responsible. Parents can keep family savings for retirement & other emergencies.
- Loan up to 100% of Educational Expenses: No margin money is required. You don't have to compromise on quality of education of your child because of higher fees.
- Convenience: Education Loan at your door-step, no visiting bank branches multiple times. HDFC Credila's person can visit you at your convenience.
- Flexibility: Flexibility on collateral security. Longer & flexible repayment options available