Credila Education Loan
Interest Rate
10.25% to 12.75% p.a
Processing Fees
1 % to 1.25% of the loan amount
Financing
100%
Our Education Loans are trusted by
10 Lakh
Students
10+
Countries
5000+
Institutes
How to Get Approved for HDFC Credila Education Loan
Check Eligibility Criteria
First, you need to check your eligibility to avail yourself of an educational loan by HDFC Bank. Use the free eligibility checker tool that Qck Loans provides and check the criteria.
Speak to Loan Counsellors
Next, reach out to us. A loan expert or counsellor will be assigned to you and will guide you through further steps.
Submit the Relevant Documents
Fill out the Credila education loan application form accurately, attach the required documents, and submit. The team will manage the rest.
Get Sanctioned
Your loan application will be processed, and everything will be carefully examined. After evaluation, you will get approved.
HDFC Credila Education Loan Information
Perks
Details
Loan Amount
Up to Rs. 75 lakhs (unsecured loan)
Up to Rs. 1.5 crore (secured loan)
Interest Rate
10.25% to 12.75% per annum
Processing Charges
1 % to 1.25% of the loan amount
Margin
Nil
Processing Time
7-10 days
Repayment Tenure
15 years
Part Payment Option
Allowed
Moratorium Tenure
Course duration+1 year
Eligibility Criteria for HDFC Credila Student Loan
- Age: Applicants must be 18 years of age or older during application and an Indian citizen.
- Co-Applicant: A co-applicant is important when applying for an HDFC Bank student loan. The co-borrower should have a stable income source and an excellent credit history.
- Course and Country of Study: Applicants must have secured admission to any UG, PG, diploma, certificate, or doctoral courses at any recognised university abroad.
Repayment Terms of HDFC Credila Education Loan
- The repayment period begins 12 months after you complete your course program or 6 months after you get a job, whichever is earlier.
- Most student loans have a repayment tenure ranging between 12 months to 180 months after a grace period of 6 months to 1 year from course completion.
- The moratorium period is only for giving you more time to get employed or make other arrangements to pay back the loan.
Financial Aspects of HDFC Credila Student Loan
- Parents or employed students’ income is considered in an HDFC Credila student loan. This is to determine the creditworthiness and repayment capability.
- After course completion and getting employed, students can repay the loan. The loan only helps you get a higher education and makes you self-reliant and worthy of earning.
Academic Qualifications for HDFC Credila Education Loan
- Fulfill prerequisite exams like GRE, IELTS, or TOEFL
- Complete matriculation and 10+2
- Pursue UG or PG courses from a recognised university overseas.
Our free tools will help you out
EMI Calculator
EMI Calculator
Documents Required for HDFC Credila Education Loan
- Proof of Identity: PAN, Passport, Driver’s License, Passport, or Voter ID Card.
- Education loan application form.
- Proof of Address: Copies of utility bills such as telephone, electricity, water, piped gas, driving license, ration card, or Aadhaar card.
- Past academic records such as 10th standard mark sheet, 12th standard mark sheet, and Undergraduate result (semester-wise)
- Entry exam results (e.g. GMAT, GRE, TOEFL, etc.)
- Admission: Proof: Admission letter
- SOP
- Proof of Identity: PAN, Passport, Driving License, Aadhaar Card, or Voter ID card.
- Proof of Address: Copies of utility bills such as telephone, electricity, water, piped gas, driving license, ration card, or Aadhaar card.
- Bank account statement for the past 6 months.
- Salary slips for the past 3 months.
- Copy of Form 16 from the previous 2 years.
- Bank account statement for the preceding 6 months (salary account).
- A brief statement of the parent, guardian, and co-applicant's assets and liabilities.
- Proof of Business address.
- Past 2 years ITR.
- TDS certificate (Form 16A, if applicable).
- Qualification certification (for C.A., doctors, and other professionals).
- A brief statement of assets and liabilities of parents, guardians, or co-applicants
- Bank account statement for the past 6 months.
Reasons to Choose HDFC Credila Education Loan
100% Financing Option
Credila funds the whole cost of your academics, indicating zero-margin money. The loan as well as your college fees covers living costs, travel expenses, and other costs attached to your course.
Tax Benefit
As a credila education loan borrower, you are eligible for tax benefits on the interest paid on your student loan under section 80E of the 1962 Income Tax Act.
Better Rates of Interest
Credila education loan HDFC offers attractive interest rates to all customers. The rates of interest offered are better and competitive.
No Hidden Fees
The final amount is the final amount. No hidden charges are associated with Credila’s education loans.
Easy EMIs and No Upper Limit
Credila education loan by HDFC Bank has easy EMIs and you can choose the repayment tenure between 12 to 180 months. Also, the loan has no upper limit.
Why Select Credila Education Loan?
As one of the leading non-banking finance companies, HDFC Credila has assisted several students in achieving their dreams. It offers quick, customized HDFC education loans to students who wish to pursue higher studies overseas.
Covering 2100+ educational institutions across 35 countries, Credila’s tailored loans are based on your course and country preferences through a hassle-free application procedure.
HDFC Credila is India’s devoted student loan firm that promotes the idea of specialized education loan lending.
HDFC Credila Education Loan Application Process Via Qck Loans
Step1
- Apply Online
Visit the official website of Qck Loans, locate the application form, and attach the required documents.
Step 2
- Review Your Application
Step 3
- Evaluation of Your Application
Step 4
- Get the Loan Amount
Akash HD
TU Munich, Germany
Kishan
UNSW, Australia
“Heartfelt thanks to Qck Loans for facilitating a Rs 55,00,000 non-collateral loan for my studies at UNSW, Australia. Their guidance in covering tuition and living expenses was invaluable. Qck Loans made my dream of studying abroad achievable and stress-free with their expert Education Loans to Study Abroad. Their dedication has been a cornerstone in my educational journey.”
Ananya
EPITA, France
“I am deeply grateful to Qck Loans for their invaluable support in securing a 20,00,000 loan for my studies at EPITA, France. Their guidance and efficient processing made what seemed a daunting task, both manageable and straightforward. Their team’s dedication and understanding of my educational goals were instrumental in making my dream a reality. Thanks to Qck Loans and their expertise in providing quick Education Loans to Study Abroad, I am now poised to embark on a transformative educational journey.”
Varuna
University of Twente, Netherlands
Sahana
Arizona State University, USA
I am very grateful to Qck Loans for having approved and assisting me in getting my 60,00,000 collateral education loan to study abroad at Arizona State University, USA. With exceptional services and seamless processing helped me to allocate the amount easily amongst my expenses. It is many girls’ wish to live the American dream, and it was possible by partnering with Qck Loans made it possible for me to get a quick loan for my studies abroad.
Our Lending partners
Everything you need to know
Qck Loans comprehensively covers exam fees, tuition fees, textbooks, accommodation, meals, transportation, and other necessary expenses.
You can study in the USA without IELTS or TOEFL, but you need to provide another English proficiency certificYes, they do! Tickets, insurance, and related expenses can swiftly pile up. Student loans cover transportation expenses, making your journey to university seamless. ation.
To avail yourself of a student loan, you need to be a citizen of India. Your age must be in the range of 16 to 35. Your academic record must be good; secure admission to a recognised university for a graduate/postgraduate degree or PG diploma; and have a co-applicant.
To apply for an education loan, you need to provide your proof of identity, residential address proof, marksheet, or latest education certificate, and your admission letter with the education cost.