Credila is a HDFC Limited Company that provides education loan for students. Credila provides loans in Indian rupees that can be converted to the currency of the country the student goes for higher education. The repayment of the loan will be in Indian rupee. Credila loans start from Rs. One lakh upto Rs. 20 lakh.
Eligibility to get education loan from Credila
The types of collaterals accepted as:
a) Residential house/ flatb) Fixed depositc) Non- agricultural land
Costs covered in education loan by Credila
Education loan disbursement by Credila
Credila disburses the education loan in Indian rupees. The tuition fee will be directly disbursed to the educational institution through an authorised servicer or directly. The amount for living expenses and other expenses will be disbursed in instalments from time to time as per Credila’s underwriting norms.
Interest rate for taking education loan from Credila
Education loan repayment policy of Credila
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