Explore HDFC Credila Undergraduate Education Loan
Secure a study loan for undergraduates from HDFC Credila Financial Services.
Why Choose HDFC Bank Education Loans
Founded in 2001 as India’s first specialist in education lending, HDFC Credila now serves students pursuing studies abroad. The NBFC uses a completely digital workflow that charts a paperless course, from application through disbursement.
Advantages of Choosing HDFC
Offers competitive interest rates (9.85% pa - floating). QS-ranked universities get lower rates.
Covers 100% of tuition fees and other expenses up to INR 1.5 Cr for overseas students
Flexible repayment with a 12-month moratorium
30+ countries coverage with pre-visa disbursement
72-hour provisional approval & digital tracking, post clearance of pre-sanction paperwork
HDFC Student Loan Highlights
Interest Rate
9.85%
Repayment Period
15 years
Processing Fee
1.5%
Pre-Visa Disbursal
Yes
Eligibility Criteria & Documents Required
Check out the eligibility criteria to secure a Credila Bank loan in India and abroad.
- Unconditional admission letter from a recognised university
- 18–35 years for Indian students. NRIs may have relaxed limits
- Minimum 50% marks are required in the last qualifying exam
- Co-applicant is mandatory (salaried or self-employed with ITR)
- Need collateral for loans > INR 75 lakhs (property/FD/insurance)
- Academic documents - marksheets, admission letter, course fee structure
- KYC documents - Aadhar card, PAN card, passport, utility bill/bank statement
- Fiscal documents - Salary slip + Form 16 / ITR + P&L statement, bank statement
- Loan security docs - property papers, FD details or Insurance (loan > INR 75 L)
- I-20 for USA, CAS for UK, visa application copy, & GRE/TOEFL/IELTS scorecard
Explore HDFC Student Loan Abroad
HDFC Credila funds international studies, covering education costs, providing floating rates, online processing, supportive moratorium.
Undergraduate HDFC Credila Education Loan
Thousands of students leveraged GradRight to find and secure affordable HDFC Credila loans and benefited from flexible repayment and low-interest options.
200,000+
students assisted
₹16,300 crore
loan requests processed
₹2,000 crore
disbursed in loans
Enjoy End-to-End Digital Submission, With Zero Bank Visits! Explore HDFC Education Loan for Abroad.
Frequently Asked Questions
Can I get an HDFC education loan without collateral?
Yes. HDFC Credila offers non-collateral student loans for amounts less than INR 75 L for undergraduate studies at recognised institutions. Loans above that figure must be backed by property or another verified asset.
How soon can I apply for the HDFC Credila education loan post admission?
The application can be submitted as soon as you receive the admission letter. A provisional approval is typically issued within 72 hours, allowing you to move forward with the visa process.
What are the HDFC Bank education loan interest rates for undergraduates?
HDFC Credila education loan begins at a floating rate of 9.85 % pa for undergraduate study. The exact percentage may shift depending on the loan size and the borrower’s chosen university ranking.
What is the HDFC Credila education loan application process?
Prospective borrowers enter information on the GradRight portal, submit scanned documents, receive provisional approval within three days, and collect disbursement once verification clears. Indian students pursuing degrees abroad can get loans up to INR 1.5 crore. The entire process runs digitally, eliminating the need for in-person queues at physical banks.
What are the HDFC Credila education loan eligibility criteria?
The eligibility of loan applicants hinges on acceptance to an accredited institution, an age limit of 18 to 35, a minimum academic score of 50%, and a co-applicant with stable income.
What are the HDFC Bank education loan repayment options?
Students receive a 12-month moratorium that covers the course duration plus an extra six months. The full loan term can stretch to fifteen years, and early repayment incurs no penalty.
Do I need to visit HDFC Credila near me to get a study loan for undergraduates?
Branch visits are not required. Prospective borrowers can complete everything online through GradRight, from document uploads to tracking disbursal.
