Back
About
HDFC Credila offers Customized Education Loans & 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.
10.25% - 12.75%
Interest Rate
12 years
Loan Tenure
1.0% - 1.25%
Processing fee
Course + 1 year
Moratorium Period
Nil
Margin
Yes
Collateral
Up To 1.5 Cr INR
Secured Loan
Up To 75 Lac INR
Unsecured Loan
Expenses covered
Living and Hostel Expenses
Up to 100%
Travelling Expenses
Up to 100%
Examination Fees
Up to 100%
Eligibility Criteria
Eligibility Criteria
Requirements
Borrower Citizenship
Indian citizen
Co-applicants(s) Citizenship
Indian citizen
Co-borrower(s) Bank Account
Must have a bank account in any bank in India with cheque writing facilities
Documents Required
For Borrowers
Student:
- Pan Card
- Aadhar Card
- Passport
- University Admission Letter
- Entrance Score Card - GRE/ GMAT/ TOEFL/ IELTS, etc.
- Academic : 10th, 12th & Degree - All semester Individual Marksheets
- Resume
- Name, Address, Contact and Email ID of 2 References (Friends/ Family/ Neighbors)
- 3 months Salary slips (If Applicable)
- 6 months Bank Statements (If Applicable)
- Form 16 / ITR (If Applicable)
MOTHER & FATHER (BOTH COMPULSORY)
- Pan Card
- Aadhar Card
- Mobile Number & Email ID