Credila Education Loan For Abroad

HDFC Credila Education
Loan EMI Calculator

Loan Amount (₹)

Interest Rate (%)

Tenure (Yrs)

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FUNDING FOR STUDIES IN THE USA

LOAN FOR HIGHER STUDIES IN INDIA

LOAN FOR STUDY ABROAD

Interest
Rate

Loan limit	Interest Rate
No Upper Limit (More than 1 Lac)	11.25% - 14.00%

Loan Amount &
Security

Secured	Unsecured
No Limit (more than 1 Lac)	No Limit (more than 1 Lac)

Charges &
Repayment

Processing fees	Upto 1.5% of the loan amount + applicable taxes
Pre-payment charges	Nil
Late Payment	2% per month on installment + applicable taxes
Loan Cancellation Charges	1% of the unveiled sanctioned loan amount + applicable taxes
Repayment period	Upto 12 years
Moratorium period	Course Period + 6 to 12 months
Repayment types	Partial interest will start immediately after the first disbursement.Monthly Interest will be deducted from the bank account of the borrower/co‐borrower using Electronic Clearing System (ECS).Flexible choices of repayment terms.
Loan Cancellation Charges	Nil

Eligibility
Criteria

Indian resident/citizen
Co‐applicants(s) must be an Indian citizen
Confirmed admission in the colleges before disbursement
Borrower and Co‐applicant(s) to meet HDFC Credila’s credit and underwriting norms

Key Benefits &
Coverage

Margin	Nil
Course covered	Hundreds of different courses, in over 1000+ different Institutes, across these 35+ countries.
Expenses covered	Up to 100% of other expenses including living and hostel expenses, travelling expenses, examination fees, library/laboratory fees etc.

Required
Documents

	Student	Co-Borrower
KYC	Photo ID Residence Proof 2 passport size photograph	Aadhaar Pan card 2 passport size photograph residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION	Admit letter College fee-breakup GRE/GMAT/TOEFL/IELTS, etc. Marksheets (If applicable) X, XII and Graduation mark sheet	---
INCOME	Lastest 2 salary slips 6 months bank account statement of the salary account	8 month bank account statement ITR/Form 16 of last 2years Income proof( Latest 3 salary slips )
Security	---	Residential Flat Residential House Non‐Agricultural Land A Fixed Deposit, assigned in favour of HDFC Credila

Ms. Pooja Soni

Email ID: care@credenc.com

Phone No.: 1800 121 0057

Address: Ground Floor, Building-10, Tower-A, Cyber City, DLF Phase 2, Gurugram, Haryana 122002

Registered Office :

2nd Floor, DLF Centre, Sansad Marg,
New Delhi – 110001

Corporate Office :

Ground Floor, Building-10, Tower-A, Cyber City, DLF Phase 2, Gurugram, Haryana – 122002

CIN No. - U74999DL2017PTC319926

Lender	Name	Interest Rates Offered*	Contact Details	Recovery Practices
	Capital India Finance Limited Link: https://www.capitalindia.com/	10% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)
	Capital India Home Loans Limited	15% to 25%	Tele calling by In-house team, followed by field visits from Internal teams (as required)