Get an Education Loan from Credila

Fund your dreams with Credila and get hassle-free education loans at competitive rates.

Overview of Credila Loan

Credila has various financial solutions for students who wish to study abroad. Credila loans cover full tuition and other education-related expenses with low interest rates.

Advantages of Choosing

Get education loans personalized to your profile and academic goals.

Enjoy competitive rates, whether you choose a secured or unsecured loan.

Get loan approval before admission to secure your university spot early.

Benefit from flexible collateral options, so you might not need many assets.

Take advantage of longer repayment periods and appealing tax benefits .

Education Loan Features

Credila Education Loan Interest Rate

Credila offers competitive rates from 10.15% for secured loans to 12.5% for unsecured loans.

Credila Education Loan Amount

Get loans up to 1.5 crore for collateral-backed loans (75 lakhs for unsecured loans).

Credila Education Loan Tenure

Enjoy flexible repayment tenures with repayment periods up to 15 years.

Credila Education Loan Repayment Terms

Loan repayment starts after a moratorium of 6-12 months post-graduation.

Eligibility Criteria & Documents Required

Credila education loan eligibility criteria:
You must be an Indian citizen with a confirmed seat in an approved institution.
Your co-applicant must also be an Indian citizen and a close relative.
You need documents proving the relationship with the co-applicant.
Your co-applicant should have a functional bank account with a check facility.
Your co-applicant must have a financial standing and a strong credit score.

Documents required for Credila education loan:
Filled and signed application form.
2 passport-size photographs.
Valid photo ID such as Aadhaar, PAN, Passport, Driving License, or Voter ID.
Address proof like Aadhaar, Passport, Driving License, or Voter ID.
Academic documents (XII mark sheets, etc.)

Credila Education Loan vs Other Banks

Feature

Interest Rates

Loan Amount

Processing Fees

Collateral Requirement

Pre-Visa Loan Approval

Repayment Flexibility

Loan Coverage

Loan Disbursement Speed

Prepayment Charges

Credila

Secured : 10.25 % onwards
Unsecured : 10.75% onwards

Secured: Upto 1.5Cr
Unsecured : Upto 75L

0.75% - 1.25% + GST

Movable assets like FDs and bonds or immovable assets like flats, houses, lands

Pre-approval before admission to aid the visa process

Starts at Rs. 5000 Interest per month, repayment tenure up to 14 years

100% financing for tuition fee, living expenses & other expenses

Secured: Upto 3 weeks
Unsecured: Upto 1 week

No prepayment or foreclosure charges

Other Banks & NBFCs

10-13%

Up to 1.5 crore

1-2% of loan amount

Non collateral loans are available from many banks and NBFCs

Pre-visa loans are available

Up to 15 years

Up to 100% of the cost of education and cost of stay for the duration of the educational program

2-3 weeks

In some banks, prepayment is not allowed for up to 12 months.

How to Apply for a Credila Education Loan?

Create a Profile

Receive Loan Offers

Get education loan offers from Credila and 15+ other lenders within 48 hours.

Upload Documents

Upload all required documents through the secure GradRight portal.

Get Approval

Receive fast approval and loan disbursement details from Credila.

Real Student Success Stories: Experiences with Credila

200,000+

students assisted

₹16,300 crore

loan requests processed

₹2,000 crore

disbursed in loans

Secure your Credila education loan today

Frequently Asked Questions

What is the current interest rate for Credila Education Loan?

Credila education loans have interest rates from 10.15% to 10.75% for secured loans and 11.75% to 12.5% for unsecured loans.

What documents are required to apply for Credila Education Loan?

You need:

A signed application
Passport-size photos
Photo ID and address proof
Academic records

The co-applicant must also provide photo ID, address proof, bank statements, salary slips and collateral documents, if applicable.

How can I compare Credila Education Loans with other banks?

Use GradRight to compare Credila education loans with other banks. Create a profile and get offers from 15 lenders in two days.

What is the maximum amount you can borrow with a Credila education loan?

With a Credila education loan, you can borrow up to ₹1.5 crore for top-tier courses. For overseas programs, Credila Financial Services Limited considers your university’s ranking and your co-applicant’s profile to decide the final sanctioned amount.

How do you apply for a Credila education loan for abroad?

To get a Credila education loan for abroad, first secure your admission letter and fee schedule. Then fill out Credila’s online form, upload your offer letter and academic records, and submit co-applicant proof. Credila Financial Services Limited will verify and disburse funds as per your university’s fee deadlines.

What makes Credila Financial Services Limited different from other lenders?

Credila Financial Services Limited specializes in student financing, offering flexible moratoriums and tailored repayment plans. Their expert team guides you through every step, whether it’s a Credila education loan or a Credila education loan for abroad, making the process smoother than with traditional banks.