India's First Dedicated Education Loan Company
Interest Rate
11.25%
Max Loan
No upper limit
Max Tenure
10 years
Processing Fee
1%
Credila Financial Services (an HDFC Group company) is India's first and largest dedicated education loan company. Credila offers highly customized education loans with no upper limit, especially popular for top MBA, MS, and medical programs abroad.
| Parameter | Details |
|---|---|
| Bank Name | Credila |
| Bank Type | NBFCs |
| Interest Rate | 11.25% – 13.50% |
| Maximum Loan Amount | No upper limit |
| Maximum Tenure | 10 years |
| Processing Fee | 1% |
| Moratorium Period | Course + 12 months |
| Eligible Schemes | Custom |
| Loan Category | Interest Rate (p.a.) |
|---|---|
| Without collateral | 12.00% – 13.50% |
| With collateral | 11.25% – 12.00% |
| Premium institutes (IIT/IIM/Top US) | 11.25% – 11.75% |
Rates are indicative. Final interest rate depends on applicant profile, course, institute, and collateral provided.
No upper cap on loan
Pre-admission sanction possible
All countries covered
Customized repayment
Door-step service
Advantages
Disadvantages
Indian national or NRI
Secured/expected admission
Co-applicant required
Apply online at credila.com
Upload documents
Credit assessment
Approval in 5–7 days
Disbursement
Pro Tip: Apply at least 4–6 weeks before your course fee payment deadline to avoid last-minute delays.
India's First Dedicated Education Loan Company
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Eligible Government Schemes
Custom
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