HDFC Credila Education Loan

Know more about HDFC Credila Education Loan, available on Bajaj Markets

✓ Up to 100% Funding ✓ Interest Rates starting from 10.25% p.a. ✓ Get up to ₹75 Lakhs APPLY NOW

The HDFC Credila Education Loan, now available on Bajaj Markets, can help you achieve your highest academic ambitions, hassle-free. You can pay the high tuition fees and fulfil other expenses by applying for an collateral-free loan of up to ₹75 Lakhs. Furthermore, you can enjoy interest rates starting from just 10.25% p.a. and repayment tenures ranging up to 15 years.

Interest Rates and Charges

Here are the interest rates and other fees charged on this education loan:

Interest Rate	10.25% p.a. onwards
Processing Fee	1.5% of the sanctioned loan amount + GST

*Disclaimer: *The aforementioned rates and charges are subject to change at the lender’s discretion.

Features and Benefits

High Loan Amount

Get amounts as high as ₹75 Lakhs without submitting any collateral

Loan Options

Choose between collateral-free or secured education loans, as per your requirements

Maximum Tenure

Repay your loan over repayment tenures ranging up to 15 years

Loan Approval Before Admission

Get the required loan approved prior to receiving your admit letter or Form I-20

Up to 100% Funding

Fund up to 100% of your educational expenses with this loan

Quick Disbursal

Receive the approved amount within 7 to 10 days

Lower TCS

Pay low Tax Collected at Source (TCS) at 0.5% for overseas remittances

Tax Benefits on Interest

HDFC Credila offers unlimited tax benefits on interest paid under Section 80E of the Income Tax Act, 1961

HDFC Credila Education Loan EMI Calculator

Loan Amount

Tenure

Rate of Interest

Your Monthly Education Loan EMI

Principle Amount

Total Interest

Total Amount Payable

Amortization Schedule

Download

Year	EMI	Principal	Interest	Balance

Eligibility Criteria and Documents Required

The following factors will be evaluated when determining your eligibility for this loan:

Student’s academics
Chosen institute, course, and country

Financial profile of the co-borrowers

If your credit profile does not meet the set criteria, you may be asked to submit a collateral. The same is also applicable if you want to borrow amounts higher than ₹75 Lakhs.

Alongside this, ensure to submit the documents listed below:

Know Your Customer (KYC) documents
Income documents
Academic documents
Collateral-related documents (If opting for a secured loan)
Valid proof of funds for Form I-20

How to Apply?

Follow these steps to apply for the loan on Bajaj Markets:

Click on the ‘Apply Now’ option on this page
Enter your personal and course-related details
Select ‘HDFC Credila’ from the list of lenders
Choose the required loan amount and repayment tenure
Click on ‘Submit’

After this, a representative will reach out to you for further proceedings.

How much can I borrow with the help of an HDFC Credila Education Loan?

You can secure loan amounts as high as ₹75 Lakhs without submitting any collateral.

Do I need to submit a collateral when applying for this loan?

No, you do not need to provide a collateral when applying for this loan. However, if you do not meet the eligibility criteria or need to borrow amounts higher than ₹75 Lakhs, you may be asked to submit a collateral.