HDFC CREDILA
India’s first education loan specialist
Funded higher education of students
50+ 3500+ 1800+
Countries Institutes Courses
Our Journey
7/6/2022
3
The 3 ways to fund
higher education are:
01
Finance of Higher Self Finance
Drain your savings
Education 02
Scholarship
Available to few
An integral part of the decision! Part education cost covered
03
Educational Loan
Covers complete cost of education
Payment post completion of
education
Education Loan over Self Finance?
Smart Financial Decision
Attractive tax benefits u/s 80E
Burden for payment, split into intervals
Safety belt against any unforeseen circumstances
Preserve family savings
Positive Credit History
Focus on Education
Understanding Education Loan &
ways to compare it
01. No Margin Money
02. Expenses Covered
03. Tenure
04. EMIs Start after Graduation
05. Flexibility in Co-Borrowers
06. Processing Time
What expenses do
Education Loan cover?
We understand that studying from a foreign university leads to
various expenses in addition to tuition fee. Hence, to meet all
needs of the students studying abroad, an Education Loan
should cover the following expenses –
Tution Fee Examination Fee
Accommodation Expenses Library/ Lab Fee
Travelling Expenses Cost of books/ Equiptments
Will my Education Loan
cover off campus expenses?
Yes, your HDFC Credila education loan will cover off-campus
expenses too.
Most students studying at a foreign university prefer off-campus
housing because of its cost-effectiveness. Our in-house team of
experts, after thorough research, has evaluated the cost of living in
various cities around the world. Hence, we cover the off-campus
expenses under the quatum of finance of your Education Loan.
No Margin Money
With most banks, an Education Loan is required
to pay a certain percentage of the complete
education expenses while the bank pays the
rest of the amount. This borrower contribution
is known as the margin money.
HDFC Credila provides Education Loan up to
100% of the cost of education- including tuition
fee, living costs like hostels and accommodation,
periodicals, laptops etc.
No Margin Money is required.
When is the right time to apply
for an Educational Loan?
Financial planning must be given due importance while planning
for your education from abroad.
With HDFC Credila, you can apply for an Education Loan soon after giving
your entrance exams like GRE, GMAT, and IELTS etc. You can get your
education loan pre-approved to know your loan eligibility in advance. This
will give you the confidence and the documentation you need to apply to
foreign universities.
The right time to apply for an Educational Loan
What comes first?
Most banks require a confirmed
Universities require assured funding
admission letter before sanctioning the
proof before confirming admission
loan.
Through HDFC Credila, avail sanction letter before applying to Colleges/ Universities
Through HDFC Credila 01. Early Loan Evaluation 02. Proof of Funds 03. Help in Visa process
HDFC Credila’s Sanction Letter
A legal binding to fund the student
Does not accrue any interest upon issuance of sanction letter
Option to self- fund the education cost even after issuance of
sanction letter
Long Validity
Solvency Certificate
HDFC Credila’s Loan Sanction Letter is accepted by
universities worldwide as an authentic proof of funds.
Get Solvency Certificate or Sanction Letter as per your
University’s requirement.
What’s more? Get unlimited number of original certificates/letters
so you can apply to multiple universities and enhance your
chances of admission!
Are there any Tax benefits on an
Educational Loan?
HDFC Credila is the only NBFC which has been given a Gazette by RBI for
borrowers to enjoy exemption U/S 80-E of Indian Income Tax laws.
The rebate U/S 80-E allows the co-borrowers to save tax and significantly lower
the Effective Rate of Interest.
Tax Benefits make your Education Loan Extremely Cost-Friendly.
Which Factors Determine
your Loan Eligibility?
Student’s Academic Profile – The academic track record of the
student plays an important role in determining the loan eligibility.
Co-borrower’s Profile – Careful evaluation of the parent’s or the co-
borrower’s profile is done while sanctioning loan.
Collateral – The nature and value of collateral offered against the
loan also determines your eligibility for an education loan.
Eligibility Criteria
• Student – Academics, Score, Institute, course, country
• Co-Borrower
• Collateral/ Security
Loan application process- Simple 4 step process:
Apply Online Document Loan
Saction Letter
www.hdfccredila.com Submission Disbursement
Apply before Solvency letter
Avail loan in
admission Doorstep Service available too.
tranches!
confirmation too! (Proof of funds)
Which Documents are Required
for Loan Processing?
The following documents need to be submitted by the loan applicant
–
KYC Documents Academic Documents
Income Documents Collateral Documents
Benefits of Our Education
Loan
Multi-city Co-borrower Flexibility
It is important to choose an education loan that gives you the
flexibility to have collateral & co-borrowers in multiple cities.
If not, this often can become a roadblock for processing the
loan.
Multiple Repayment Options
• At HDFC Credila we offer flexible options to our clients
• 3 years moratorium period incl study period
• Repayment of part- interest only during study period
• EMI on disbursed amount only
The above are a few examples which we offer, these are not
exhaustive.
The repayment plan is built basis the client’s requirement and
student’s course and country of study.
The HDFC Credila Advantage
01. Unsecured loan up to INR 75 lakhs*
02. No upper cap on loan: Up to 100% finance of cost of education
03. Loan approval even before I-20/ Admit letter
04. Attractive Interest Rates
05. Dedicated relationship manager
06. Flexibility on collateral & co-borrower
Education Loan- Home Delivered!
The HDFC Credila Advantage
7/6/2022
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Thank You!
7/6/2022
