HDFC Credila - Education Loan
NBFC
Collateral free loans available
Loan Margin : NIL
3 days avg loan processing time
Margin
NIL
Collateral
Collateral free loans available
Loan Tenure
Upto 15 Years
Processing fee
0.85% to 1.0%
Early Repayment
Yes(without any charges)
Living Cost
Yes
Secured Loan
Amount
No limit
Un-Secured Loan
Amount
Up To 75Lac
UniCreds Guarantee
Quick Loan Sanctions
100% Transparency
No Hidden Fees
24x7 Support
Key Features
While the overview highlighted the overall value proposition, let's delve into the specifics of HDFC Credila's study abroad loan program. In this section you’ll discover its interest rate, processing fee and others.
| Features | Education Loan Details |
|---|---|
| Loan amount | Upto ₹75Lac (Without Collateral) Secured Loan - No Limit on loan amount Unsecured Loan - Upto 75 Lakh |
| Margin money | Nil |
| Processing fee | 0.85% to 1.0% |
| Processing time | 3 Days |
| Loan tenure | 15 Years |
| Prepayment charges | Nil |
| Repayment holiday | For principal payment, 6 months after course completion. |
| Countries covered | HDFC Credila offers to study in over 59+ different countries across the world including the USA, Canada, the UK, Germany, Australia, Singapore, France, etc |
| Payment study period | 1. Yes, Partial Interest, Simple Interest, Direct EMI. 2. For selected good profile, partial interest repayment available. |
Looking for
Faster and
streamlined Process?
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Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Eligibility Requirements
Applicants must consider HDFC Credila education loan eligibility before they apply for the program:
| Type | Requirement |
|---|---|
| Citizenship | Be an Indian citizen with a co-applicant who is also an Indian citizen. |
| Academic Background | Should have graduated from the recognised universities as per criteria of HDFC Credila |
| Financial standing | You will require a co-applicant whose income remains stable and with a good credit history to prove your capability in repaying the loan. This co-applicant can be anyone from your close or extended family members |
Benefits
HDFC Credila education loan program offers a comprehensive set of product features that shall help students minimize the cost hurdle in pursuing international education. This now breaks down to the following major benefits:
Benefits Of Applying through Us
Get Guidance at every step of your loan application
We ensure 100% transparency throughout the education loan process.Our education loan counsellors will stay by your side every step of the way.
Need Guidance Faster? Call us at:
18001217661
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Need Guidance Faster? Call us at:
18001217661
How To Apply?
The idea to fund your International Education with an HDFC Credila Education Loan opens up a world of possibilities before you. However, the process of applying also seems overwhelming. We make every step simple, ensuring that a learner has a smooth and stress-free journey.
1. Free Eligibility Assessment and Consultation:
- Online: Use our eligibility tool to see if you meet the basic eligibility criteria for the loan.
- Consultation: Talk to a UniCreds advisor (via chat or by visiting us in Mumbai/Hyderabad offices) about your education plans and financial needs. Our counsellors can assess your eligibility and answer any questions you have about the loan.
2. Simplified Document Collection:
- Document List: We will provide you with a complete list of all the documents required for the HDFC Credila loan application.
- Gathering Documents: We’ll assist you in collecting all the necessary paperwork, making the process faster and smoother.
3. Error-Free Application Completion:
- Application Assistance: We will guide you through the HDFC Credila application forms, ensuring you fill them out accurately and completely.
- Review & Submission: We will review your completed application before submitting it to the bank to avoid any errors that could delay processing.
4. Follow-up & Communication:
- Status Updates: We’ll further keep you informed about the progress of your loan application and handle communication with the bank on your behalf.
- Further Assistance: You can visit our Mumbai/Hyderabad offices for personalised consultations and get answers to any questions you might have throughout the process.
5. Loan Approval & Disbursement Guidance:
- Loan Terms Explained: An advisor will explain the loan terms and conditions offered by HDFC Credila in a clear and understandable way.
- Disbursement Assistance: UniCreds will guide you through the steps required to receive the loan amount quickly and efficiently.
Looking forFaster and
streamlined Process?
100% Transparency
100% Free
Our education loan counsellors will stay by your side every step of the way and recommend the best partner and guide you through the loan applying and sanctioning process.
Documentation Required
Once you meet the HDFC Credila education loan eligibility, the following documents are required:
| Type | Documents Required |
|---|---|
| Personal Documents | - Proof of Identity (Aadhaar Card, PAN Card, Voter ID, etc.) - Proof of Address (utility bills, rental agreement, etc.) |
| Academic Documents | - Acceptance letter from your chosen university abroad - Most recent academic transcripts (including mark sheets and degrees) - Standardised test scores (if required by the university, like GRE, GMAT, TOEFL, IELTS) |
| Financial Documents | - Income Tax Returns (ITR) of the applicant along with that of the co-applicant (if applicable), if any, for the last 3 years. - Revenue slips of the applicant and his/her co-applicant (if any) for the previous six months. - Bank statements of the applicant and (if applicable) the co-applicant for the last 6 months. - Expected cost of attendance statement sheet from your university (including tuition fees, accommodation, etc.) |
Repayment Options
Fulfilling your international education dream with an HDFC Credila loan from UniCreds is a leap forward, but don't fear the repayment worries! We will be your constant support at every single step, assisting, ensuring the loan repayment journey goes on smoothly, without any hassle.
Flexible Repayment Options:
- Study Focus: You'll have the flexibility of an interest-only loan while you study—a great way to give yourself a little extra financial headroom while you're hitting the books.
- Repay Smartly: After the marked moratorium period post the graduation date, you would move to repayment of the principal with interest. UniCreds can help you understand the repayment schedule and explore options that fit your future income.
Focus on your bright future, let us navigate your HDFC Credila loan repayment. Contact us today!
The displayed EMI amount is approximate & is subject to change based on various factors.
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