Know more about HDFC Credila Education Loan, available on Bajaj Markets
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.
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.
Get amounts as high as ₹75 Lakhs without submitting any collateral
Choose between collateral-free or secured education loans, as per your requirements
Repay your loan over repayment tenures ranging up to 15 years
Get the required loan approved prior to receiving your admit letter or Form I-20
Fund up to 100% of your educational expenses with this loan
Receive the approved amount within 7 to 10 days
Pay low Tax Collected at Source (TCS) at 0.5% for overseas remittances
HDFC Credila offers unlimited tax benefits on interest paid under Section 80E of the Income Tax Act, 1961
The following factors will be evaluated when determining your eligibility for this loan:
Student’s academics
Chosen institute, course, and country
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
Follow these steps to apply for the loan on Bajaj Markets:
After this, a representative will reach out to you for further proceedings.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
You can secure loan amounts as high as ₹75 Lakhs without submitting any collateral.
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.
The loan amount should be credited to your account within 4 to 5 days of the application being approved.
You can repay this loan over tenures ranging up to 15 years.