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

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

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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.

Disclaimer

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.

FAQs

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.

How long does it take for the loan amount to be disbursed?

The loan amount should be credited to your account within 4 to 5 days of the application being approved.

What is the maximum tenure I can get with this education loan?

You can repay this loan over tenures ranging up to 15 years.

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