We understand the education and admission process in India and in various countries across the world. On the basis of our extensive research, HDFC Sales, in association with HDFC Credila, offers tailor-made solutions with unmatchable features and service standards.
High Loan Amounts
Get a loan up to 100% of educational expenses. Loans worth more than Rs. 20 lakhs are also available.
Easy Loan Repayment
With flexible loan terms, competitive interest rates, and EMI starting post-course completion, you can easily repay the loan amount via EMIs. What's more, we offer preferential rates for certain top ranked universities and institutes.
Quick and Easy Disbursals
Our doorstep service, and quick and easy documentation process, ensures that our loans are disbursed as quickly as possible. We have also enabled web billing and servicing, so you can reach us from anywhere in the world.
Range of Over 950 Courses
HDFC Credila, the preferred and trusted choice of thousands of Indian students, is a quick and unique service that offers finance for students for 950 different courses in more than 4,000 education institutions spread across 36 countries. The money from the loan can be used to cover tuition fee, living expenses, books, travel, laptops and more!
You get tax benefits under section 80(E) of the Income Tax Act 1961.
Loan Sanctioned Before Admission Confirmation
To avoid any last-minute running around, you can plan the finances for your education even before your admission is confirmed. You can use the loan sanction letter as proof of funds, and ensure that your journey to your dream college is a smooth one.
Preserve Family Savings
As students take out educational loans by themselves, it teaches them the value of money, and they have to take on the responsibility of repaying the loan themselves. Taking out a loan also ensures that family savings, such as fixed deposits or mutual funds, can be saved for a rainy day. Students will also get to build a good credit history by taking out the loan.
|KYC (Know Your Customer)||
Self Employed – Professional
*Stamp duty to be paid by the customer as per the relevant state laws
|Description of Charges||Education Loan|
|Loan Processing Charges*||Up to 1.5% of the sanctioned amount plus applicable any taxes thereon|
|No Due Certificate / No Objection Certificate (NOC)||Nil|
|Duplicate of No Dues Certificate/ NOC||Nil|
|Solvency Certificate||Not applicable|
|Charges for late payment of EMI*||@2% per month of instalment ( MI/PMII)+ applicable taxes thereon|
|Credit assessment charges||Not applicable|
|Nonstandard repayment charges||Not applicable|
|Cheque or ACH mandate or Direct Debit swapping charges*||Up to Rs.500/- per swap instance plus applicable taxes thereon|
|Cheque/ ACH/ Direct Debit Bouncing Charges*||Rs. 400/- per dishonour of cheque or ACH or Direct Debit return per presentation plus applicable any taxes thereon|
|Legal/ incidental charges||At actual|
|Stamp Duty and other statutory charges||As per applicable laws of the state|
|Loan cancellation charges*||1% of the unveiled sanctioned loan amount + applicable any taxes thereon|
|Manual Collection Charges*||Rs. 200/- per visit plus applicable any taxes thereon|
|Charges for Updating and Handling Loan Account As Per Customer Request*||Rs. 1,500/- plus applicable any taxes thereon|
|Document Storage and Retrieval Charges*||For No Collateral: Rs. 2,000/- plus applicable any taxes thereon
For Collateral: Rs. 4,000/- plus applicable any taxes thereon
Terms & conditions apply and may change conditionally. Credit at the sole discretion of HDFC Credila Financial Services Pvt. Ltd.
*Charges which are in nature of fees are EXCLUSIVE of GST. GST and other government levies, as applicable, would be charged additionally.
Even affluent families are going for education loan.
HDFC Sales is not an Investment Advisor and does not provide any investment or financial planning advice. The information provided on our website is for informational purposes only and it should not be considered as financial advice. Please consider your specific investment requirements before choosing any investment or designing a portfolio that suits your needs. The detailed terms and conditions as stipulated by the financial service providers for their respective products shall be applicable. You should read the same in detail before concluding any transaction.