Education Loans

<p>Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited) is one of India’s largest education loan non-banking financial companies (NBFC). Credila provides education loans to Indian students to pursue higher education both in India and abroad.</p> <p>Credila has funded 2.26 lakh+ students, 64 countries and 5200+ universities*.</p> <p class='italic'>^*As of March 31, 2025 </p>

<p>An education loan covers tuition fees, living expenses, and other study-related costs. Credila offers customised loan solutions with flexible repayment options, ensuring hassle-free financing for your higher education.</p>

<p>Indian students aspiring to pursue higher education both in India or abroad can apply.</p>

<p>Yes, Credila provides up to 100% finance, covering tuition, accommodation, and ancillary expenses.</p>

<p>In this situation, it is best to check with your lender as to their policies.</p>

<p>A co-applicant may be a parent, guardian or spouse. It is prudent to confirm this eligibility with your lender.</p>

<p>Education loans are available for undergraduate, postgraduate, and professional courses in India and abroad, including engineering, medical, management, law programmes and more.</p>

<p>Yes, you can apply for a loan covering only a part of the course fee.</p>

<p>Yes, education loans are available for professional courses like engineering, medicine, management, law, chartered accountancy, and more.</p>

<p>Credila offers customised loan solutions based on the student's needs.</p>

<p>Individuals who have taken an education loan for themselves, their spouse, children, or legal ward can claim a tax deduction^* on the interest paid under Section 80E, as per the old tax regime.</p>

<p>Repayment typically starts after the moratorium period, usually through EMI (Equated Monthly Instalments). Payments can be made via bank transfer, auto-debit, or online banking.</p>

<p>While the name may have changed to Credila Financial Services Limited from HDFC Credila Financial Services Limited, the company continues to offer education loans to students just as it did under its former name.</p>

<p>Credila Financial Services Limited is one of India’s largest education loan non-banking financial companies (NBFC). Since inception, Credila has invested time and resources setting up appropriate systems, processes, and know-how related to the education industry. With a pulse on the education sector, Credila’s education loans have been designed to be student-centric, as they understand the challenges that students and their parents face.</p>

<p>Credila has offices across locations that include Mumbai, Pune, Nashik, Ahmedabad, New Delhi, Bengaluru, Chennai, Hyderabad, Kolkata, Bhopal, Bhubaneshwar, Chandigarh, Jaipur, Madurai, Surat, Vijayawada and Vishakhapatnam. We also have shared office spaces in Vadodara, Coimbatore, Indore and Nagpur.</p>

<p>With Credila’s multi-city flexibility, you can apply for an education loan from Credila from anywhere.</p> <p>All you need to do is apply online via Credila’s website at www.credila.com. Following this, the Credila team will guide you through the education loan process.</p>