Credila Financial Services Education Loan
NBFCIndia's first dedicated education loan company, offering secured loans with no upper limit and unsecured loans up to ₹75-80 lakh, with door-to-door service and no branch visits required.
Why Choose Credila Financial Services Education Loan?
India's First Dedicated Education Lender
Floating interest rates linked to Credila's Benchmark Lending Rate (CBLR + spread), starting from around 9.75% p.a. depending on profile and collateral.
No Cap on Secured Loans
No upper limit on loan amount when collateral is provided; unsecured loans available up to around ₹75-80 Lakh depending on your credit profile.
Flexible Moratorium
Moratorium typically covers the course duration plus 6 months to 1 year, with longer terms available for select countries such as Germany.
Doorstep Service
Documentation and processing handled at your doorstep, so multiple branch visits are not required.
No Margin Money
No upfront out-of-pocket contribution required towards tuition, housing, travel, or deposits on eligible loans.
Expenses Covered
Credila Financial Services Loan Highlights
- India's first dedicated education loan company, a subsidiary of HDFC Bank
- No upper limit on loan amount when collateral is provided
- No margin money required on eligible loans
- Repayment tenure of up to 15 years
- Unsecured borrowing available up to around ₹75-80 Lakh for eligible profiles
- Tax benefits on interest paid under Section 80E
- Partial Simple Interest (PSI) option to ease repayment during studies
- Doorstep documentation service, no repeated branch visits needed
Eligibility Criteria
Indian Citizenship
Applicant must be an Indian citizen with confirmed admission to a recognized institution.
Recognized Institution
Admission must be to a course recognized by the relevant regulatory or educational authority, in India or abroad.
Co-applicant Required
A parent or guardian with a stable income is usually required to join as a co-applicant.
Co-borrower & Collateral
A co-borrower who can service interest during the moratorium is mandatory. Loans with collateral have no upper cap; unsecured loans are capped at around ₹75-80 Lakh depending on profile.
Documents Required
Standard checklist for education loan applications — confirm the exact current list with Credila Financial Services directly before applying.
Student Documents
- Passport
- Admission Letter
- Academic Marksheets
- PAN Card
- Aadhaar Card
- Photographs
Co-applicant Documents
- PAN Card
- Aadhaar Card
- Salary Slips / ITR
- Bank Statements (6 months)
- Employment Proof
- Address Proof
Collateral Documents (if applicable)
- Property Papers (Registry)
- Latest Tax Receipt
- Property Map
- Chain Documents
- NOC (If Applicable)
- Valuation Report
How Credila Financial Services Education Loan Works
Check Eligibility
Apply & Upload Documents
Application Login
Credit Evaluation
Sanction Letter
Visa Approval
Disbursement of Loan
University Coverage
Credila Financial Services offers education loans for postgraduate, master's, and undergraduate programs at recognized institutions in India and popular study-abroad destinations. Loan amount, interest rate, and collateral requirements depend on the country, course level, university ranking, and applicant profile — confirm coverage for your specific institution with Credila directly or our counsellors before applying.
EMI Calculator
Estimate your monthly EMI for a Credila Financial Services education loan based on amount, tenure, and interest rate.
Open EMI CalculatorFrequently Asked Questions
Still not sure if Credila Financial Services Education Loan is right for you?
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