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HDFC Credila - Education Loan

NBFC

LOAN MARGIN : 13

NO COLLATERAL NEEDED

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Margin

13

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Collateral

No

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Loan Tenure

Upto 9 years

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Processing Fee

9% - 13%

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Early Repayment

Yes

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Living Cost

No

Secured Loan

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Amount

Up To 10L

Un-Secured Loan

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Amount

Up To 4.5L

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Features Of HDFC Abroad Education Loan

HDFC Credila Financial Services, India's first specialist education loan lender, offers education loans under the name HDFC Credila Education loan for students wishing to study abroad at over 1000 universities in at least 35 countries. What distinguishes HDFC Credila is its personalised education loan options that take into account the applicant's course and country preferences. Students who want to study in the country or abroad can get an education loan from HDFC Credila, a subsidy firm of HDFC Limited. HDFC Credila, the country's first dedicated education loan lender, offers income tax advantages under Section 80E of the Income Tax Act. You can borrow up to 100% of your educational expenditures.  

 

HDFC Credila acknowledges that the work we do at UniCreds is consistent with the company's mission and objectives. The collaboration between HDFC Credila and UniCreds is a new ray of hope for students looking for low-cost education loans to study abroad as soon as possible and in the most convenient way imaginable.

Features Education Loan Details
Loan amount Upto ₹50Lac (Without Collateral) Exceptional cases - up to 1 Crore.
Margin money Nil
Interest rate The HDFC Credila education loan interest rates and charges are mentioned below: 1. Rate of Interest - The interest rate is a floating rate related to HDFC Credila's Benchmark Lending Rate (CBLR). CBLR is currently 12.55% per annum. 2. Processing Fee - 1.0% to 1.2% of Loan Amount 3. Pre-payment charges - Every fiscal year, the borrower has the option to pay up to 25% of the starting principal due without incurring any fees.
Processing fee 1.0% to 1.2%
Processing time 12 Working Days
Loan tenure 14 Years
Prepayment charges Nil
Repayment holiday Interest to be paid during the moratorium period. EMI starts after the completion of course + 6 months.
Countries covered HDFC Credila offers abroad education loans to study in over 35+ different countries across the world including the USA, Canada, the UK, Germany, Australia, Singapore, France, etc
Payment study period Yes, simple interest. For selected good profile, partial interest repayment available.