Benefits of HDFC Credila Education Loan
Zero-Margin Money; All Expense Covered
Since HDFC Credila education loans have zero margin money, you do not need to finance any part of the total expense involved in your abroad education journey. HDFC Credila Education Loans cover all the expenses incurred while studying abroad like tuition & accommodation costs, and caution deposit/building fund/refundable deposit.
Pre-admission Education Loan Sanction
HDFC Credila Education Loan has a unique feature where it sanctions the loan even before you receive your admission letter! In order to do this, Credila takes into account your GRE score. If you apply for an HDFC Credila Education Loan through UniCreds, be rest assured of this entire process being handled by us. In this way, you will be able to direct your focus entirely to writing your college application and preparing for admission interviews.
Express Approval In Urgent Cases
HDFC Credila education loans have an express approval facility that allows you to get your education loan sanctioned within 1-2 working days in case of urgent circumstances. In case you have to meet a deadline in completing formalities like VISA or fee payment at the earliest, you can reach us with your specific requirements, and we will get your loan sanctioned immediately.
One of the salient features of Credila Education Loans is that they provide customized loan solutions to students as per their chosen course or country. These customizations also allow for flexible repayment options, thus helping the students to pay off their EMIs as per their convenience and comfort. You can contact UniCreds to know the extent of customization possible. We will strive to serve all your requests and convey to you if they will be accepted by HDFC Credila or not.
UniCreds will assist you throughout the loan disbursement process of HDFC Credila Education Loan. Our educational loan counsellors are available 24/7 to help you whenever you need.
Pre-Visa Loan Disbursement
There are certain countries where the loan disbursement needs to be done before Visa. UniCreds will ensure that students get the money as per the requirements. We will take all the necessary approvals beforehand so that you don't have to worry about your finances and visa.
Tax Benefit Under Section 80-E
By going ahead with an HDFC Credila Education Loan, you are entitled to tax benefits on the interest paid on education loan as per the section 80-E of the Income Tax Act.
Flexibility For Co-borrower
HDFC Credila Education Loan provides customized repayment solutions for the co-borrower and also imposes fewer restrictions on who the co-borrower can be compared to other education loans. For instance, if your father or relative works abroad, he/she can be a co-borrower/guarantor. For him/her to be the co-borrower/guarantor, he/she should have an NRI account, and most importantly, the collateral should be in India. You will require an additional co-borrower in both cases.
Benefits Of Getting Your HDFC Credila Education Loan Through UniCreds
Higher Chance Of Approval
By applying for your education loan through UniCreds, you are increasing your chances of approval. Generally, banks dismiss applications if they find any missing documents, property issues, or any other problem. With UniCreds, we will immediately reach out to HDFC Credila officials and find the best solution.
Online Submission Of Documents
With UniCreds, you can submit all the required documents from home! There won’t be any need to visit the branch. Simply head over to our website and submit all the documents there. There won’t be a possibility of not submitting an essential document, as our system is designed to ensure all essential documents are submitted.
No Cost To You
All our education loan services are completely free of cost.
Our strategic partnerships ensure low turnaround time. Expect to have your education loan processed and sanctioned within 3-4 working days.
For HDFC Credila Education loans, UniCreds provides you with a customized documents list that depends on your profile, your co-applicant’s profile and any property/asset, which you may offer as collateral. However, at a higher level, the following documents will be needed:
|Sr. No||Type||Documents Required|
|1||Applicant’s Documents||Identity ProofAddressPast Academic Record|
|2||Co-Applicant’s Documents||Identity ProofAddressFinancial|
After evaluating your profile, UniCreds will present you with a customized documents list and then initiate the loan process with HDFC Credila. If some documents are missing, then we will suggest alternatives to get your loan sanctioned on time.