Education Loans

For India and Abroad
Repayment tenure up to 15 years
Repayment tenure up to 15 years
Tax Benefits*
Tax Benefits*
Under Section 80E
Up to 100%
Up to 100%
Finance
Competitive
Competitive
Interest Rates
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Select Loan Amount
By clicking on this checkbox, I hereby agree to Terms and Conditions and Privacy Policy of Credila Financial Services Ltd (Credila) Read More...

*T&C Apply. This is subject to restrictions imposed under the Income Tax Act, 1961 and Budget 2025.

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*View details of section 80E of Income Tax Act, 1961

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Study Abroad Journey

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Education Loan Interest Rates

FeatureDetails
Maximum Loan AmountNo Limit*
Expenses CoveredTuition fees, living expenses, visas, and study materials
Margin Money RequiredNo
Secured Loan AmountNo limit*
Interest Rate (Floating)Secured Loans: starting 9.75%*
Unsecured Loans: Starting 10.75%*
Origination FeeMaximum up to 1.25%* + GST of the loan amount
Prepayment & Foreclosure ChargesNone
Repayment TenureUp to 15 Years*

* T&C apply, offer valid till 30th September 2025. Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Limited). The education loan facility provided by Credila Financial Services Limited will be at the sole discretion of the Company and within the Company's prescribed credit and underwriting norms/guidelines prevailing at the time of processing and disbursing the education loan. The Company maintains the right to change the interest rate at any time and at its sole discretion, without prior notice.

Education Loan Eligibility Criteria

CriteriaDetails
Who Can ApplyStudents pursuing higher education in India or abroad can apply.
Academic QualificationsMust have prior education required for UG or PG programmes
Eligible CoursesAll courses*
Eligible InstitutionsAll Universities, Colleges, and Vocational Institutes*

* Terms and conditions apply. The above table is only an indicative and not exhaustive list. The education loan facility provided by Credila Financial Services Limited will be at the sole discretion of the Company and within the Company's prescribed credit and underwriting norms/guidelines prevailing at the time of processing and disbursing the education loan. The Company maintains the right to change the interest rate at any time and at its sole discretion, without prior notice.

Required Documentation for an Education Loan

CategoryRequired Documents
KYC DocumentsPAN Card, Aadhaar, Passport, Voter’s ID#
Address ProofUtility bill, Telephone bill, or Bank Passbook#
Income Proof (Salaried)Latest 3 Salary Slips, Form 16, and ITR#
Income Proof (Self-Employed)ITR, Audited Financials, and Firm Registration Proof#
Additional Documents (Self-Employed)Qualification Certificates and Establishment Proof#
Proprietorship & Company DocumentsPartnership Deed, MoA, AoA, and Shareholding Pattern#
Academic RecordsGrade 12 and Degree Mark Sheets, Scholarship Documents (if applicable)#
Admission ProofCollege/University Admission Letter and Fee Structure
Financial ProofRent Agreement or Additional Income Sources (if applicable)#
Other Documents3CB & 3CD Forms for Applicable Professional#

#Read the extensive list on the website.

How to Apply For an Education Loan

Follow this 3-step process

  • How to Apply for Education Loan Step 1
    1
    • Apply Online

    Fill out the application form and upload documents.

  • How to Apply for Education Loan Step 2
    2
    • Application Review

    Get your sanction letter after our credit appraisal.

  • How to Apply for Education Loan Step 3
    3
    • Funds Disbursed

    You are all set to get started.

Apply now
Click on "Apply Now" to start your education loan process today!

Our Education Loans are Trusted By

2.26 lakh+

2.26 lakh+

Students

5200+

5200+

Institutes

*As of March 31, 2025
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Education Loan for Abroad

Why Avail a Credila Education Loan

  • Save time. Go online.

    Save time. Go online.

    Customer-centric processes with just 3 steps to disbursement.

  • We cover it all

    We cover it all

    Up to 100% financing of tuition and living expenses.

  • Start early. Apply before admission.

    Start early. Apply before admission.

    Benefit from seamless loan sanctions.

  • Friendly rates. All the way.

    Friendly rates. All the way.

    Student loans with customised interest rates.

  • Dream big. Achieve bigger.

    Dream big. Achieve bigger.

    Exploring funding for larger education costs? Not a problem.

  • Pan-India network of branches

    Pan-India network of branches

    Enjoy multi-city co-borrower(s) and collateral flexibility.

  • The benefit of tax saving

    The benefit of tax saving

    Added tax deductions* that bring down your cost of financing

  • Flexible payment plans

    Flexible payment plans

    Repayment tenure of up to 15 years.

  • No hidden charges

    No hidden charges

    What you see is what you pay.

*This is subject to restrictions imposed under the Income Tax Act, 1961 and Budget 2025.

FAQs on Student Loans

<p>An education loan is a financial aid that typically helps students cover tuition fees, living expenses, and other study-related costs. </p>

<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'><sup>*</sup>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<sup>*</sup> 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>

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Disclaimer: *T&C apply. The education loan facility provided by Credila Financial Services Limited ('The Company/Credila')
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Our Students' Success Stories

"In my experience with Credila, I found their service to be nothing short of exceptional. They not only provided me with the financial support I needed for my education but also offered invaluable guidance throughout the process. Their quick and efficient loan disbursement process ensured that I could focus on my studies without financial worries, and their priority-based approach to issue resolution demonstrated their commitment to customer satisfaction. I was highly impressed with their service and couldn't be more satisfied with the entire experience. I wholeheartedly recommend Credila to anyone in need of an education loan.

I must also commend the relationship managers, who were an integral part of my positive experience. Their dedication is a testament to Credila's commitment to excellence in customer service. Their support played a crucial role in making my educational journey smooth and successful, and I'm immensely grateful for their exceptional service."
Ameya Shahu

Ameya Shahu

Arizona State University

Arizona

"My relationship manager was of great help starting from document preparation to loan processing. They went out of the way to answer all my queries. I highly recommend Credila for higher studies from abroad for their no-nonsense approach and dedicated consumer support."
Abhinav Kshitij

Abhinav Kshitij

University of Oxford

"All the services provided by the team at Credila were sufficiently good. The assigned team provided all the necessary help throughout the process of loan approval and disbursement. The paperwork provided is to the point. The entire online process was completed smoothly without any technical challenges. "
Nupur Neelanjan Moti

Nupur Neelanjan Moti

Algonquin College, Canada

Canada

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