Get Free Education Loan Assistance
Get your Education Loan Eligibility checked within 5 minutes
Sorting, Verifying and Submitting Documents as per Checklist
Submission of application to top lenders from a pool of 12+ options
Get Sanction Letter in record time and proceed for Disbursement
| Interest Rate | Starts at 11.5% |
| Loan Amount (Collateral) | Upto ₹75 Lac |
| Loan Amount (Without Collateral) | Upto ₹150 Lac |
| Processing Fees | starts 1% |
| Processing Time | 3 working days |
| Loan Tenure | up to 14 years |
| Margin | 100% Funding |
| Prepayment Charges | Zero |
| Moratorium Period | Course + 1 year |
| Admit Letter | Not Required |
| Tax Benefits | Yes |
| Type | NBFC |
| Life Insurance | Required |
The HDFC Credila provides education loans to students intending to study in India and abroad. They have a high bar of ₹1.5 Crore on the loan amount if a Collateral is backed and ₹75 Lakh for non-collateral cases. They have a Zero margin policy for Collateral and Non-collateral cases, so they finance up to 100% of your expenses. HDFC Credila is the only NBFC eligible for providing Tax Benefits to applicants or co-application on the education loan. Being a digital company, you can expect faster processing of your application and sometimes less than a week.
Here is the basic Eligiblity Criteria for Study Abroad Education Loan by HDFC Credila.
Here is the list of basic charges involved in HDFC Credila Study Abroad Education Loan
| Description | Charges & Fees |
|---|---|
| Processing Fees | 1% |
| Life Insurance | Varies |
| Travel Insurance | Varies |
| Collateral Valuation (if applicable) | Free |
When applying for an education loan through Abroad Cube, you can expect higher chances of approval as our expert will verify the documents before submission and suggest better alternatives for higher approval.
Using the latest technology and years of experience, we expedite the application process by 65%, reducing overall processing time. Applying using the exact required documents with the eligible lender is the key to getting an application processed in record processing time.
Our Education Loan Expert will send you a Personalized Document Checklist, removing all unnecessary documents, easing the process and giving you peace of mind.
We will help you get Comparable, Negotiated and best-suited Education Loan deals, saving you up to Rs 3 Lakhs. The major negotiable components are Interest Rate and Processing Fees.
We are not charging any service fees for helping with the Study Abroad Education Loan. Also, there are no hidden fees involved, which is guaranteed. For each approval, we get paid a referral fee by HDFC Credila without any additional charge to students.
Here is the standard document checklist for getting an education loan from HDFC Credila or other lenders. The bank or NBFC might ask for additional documents or information based on the application to ease the process.
| Type | Documents |
|---|---|
| Student |
KYC
Academics
|
| Co-Applicant / Co-Borrowers |
KYC
Salaried / Job
Self-Employed / Busines
Farmer
|
| Collateral |
|
Start by checking your eligibility on Abroad Cube's website or reach out to us via WhatsApp or phone. The Eligibility criteria include Country acceptance, University and course ranking, Academics, Credit Score and history, co-applicant and Collateral requirements, etc.
Once you pass the basic Eligibility Criteria, the next step will be Documentation. Our Education Loan Expert will send you a personalized Document Checklist of HDFC Credila and help you arrange, sort and suggest alternatives, if any. Before sending documents to the HDFC Credila, we ensure that all documents are in order according to the required Checklist to expedite the application login process.
Our Education Loan Expert will choose the best lenders from the pool of 12+ options to get you the best-suited deal. They will follow up with concerned Lender Relationship Managers for Application Login and further processing. The lender process will include getting consent, address verification, and a small telephonic interview with the Credit Manager before the final decision.
The sanction letter will be released within 24 hours once you pay the processing fee to the Bank via acceptable payment methods. Afterwards, you may proceed with the Study Visa process or request Pre-Visa disbursement. You can also ask for reimbursement if you have already paid the Tuition Fees or Living Expenses via other means. Once you complete the banking formalities, the loan amount will be disbursed into the Bank Account
You may apply for HDFC Credila Education Loan by visiting their local bank branch or contacting their customer support team. But Abroad Cube will help you get a hassle-free Education Loan from your comfort at the best Interest Rate and record processing time at Zero Service Charges.
Abroad Cube is an Online Study Abroad Marketplace that has onboarded 12+ Banks and NBFCs to ease the process of getting the best deal for an Education Loan in minimal processing time. To get started, Check your Eligibility and share your Documents by Email or WhatsApp to expedite your application process.
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