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Get an Education Loan from Credila Bank

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

Overview of Credila Loan

HDFC 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. Plus, they always focus on customer-centric services and personalized guidance.

Advantages of Choosing

They craft loans tailored to your unique profile and educational dreams.

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 Repayment Terms

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

Eligibility Criteria & Documents Required

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.

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

Interest Rates

Loan Amount

Processing Fees

Collateral Requirement

Pre-Visa Loan Approval

Repayment Flexibility

Loan Coverage

Loan Disbursement Speed

Prepayment Charges

Other Banks & NBFCs

Interest Rates

Loan Amount

Processing Fees

Collateral Requirement

Pre-Visa Loan Approval

Repayment Flexibility

Loan Coverage

Loan Disbursement Speed

Prepayment Charges

How to Apply for a Credila Education Loan?

Create a Profile

Sign up on GradRight by entering your personal and financial details.

Receive Loan Offers

Get 15+ education loan offers from Credila and 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 HDFC Credila.

Success Stories from Students Who Funded Their Education with Bank Loans

178K

Loans disbursed

3,300 programs

Across 65 countries.

Up to 23 lakhs

Savings for students

Apply For Your Credila Education Loan Today To Power Your Study Abroad Dreams!

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.