Credila

• It provides upto 100% of finance
• It provides the personal service to its customers
• Loan amount can exceed Rs 20 Lakhs
• The loan repayment tenure is 10 years with EMI facility
• The collateral security provided may not be 100% of the loan amount
• Co-borrower facility is available
• The loan can be obtained against the mortgaged property with the HDFC bank
• The loans get sanctioned before admissions in University
• Attractive interest on loans is available
• Tax benefits are available under section 80E
• The quick and hassle free loans are available

 Credila provides education loans to Indians who are planning higher education in India, USA or abroad.

The loans are disbursed only in Indian currency for the students no matter whichever country he has applied for. The repayment can also be repaid only in Indian currency.

Loans provided by the company not only cover the cost of education but also the cost of living.

• Borrower must be an Indian citizen
• Co-applicants also have to be an Indian citizen
• Confirmation of admission in the University before the disbursement of loan
• Co-applicant has to furnish the documentary details of the relationship with the borrower

• Canada
• Germany
• France
• Singapore
• Dubai (UAE)
• United kingdom
• New Zealand
• Netherland
• USA
• Australia

1. Fully completed application form
2. Photos of the applicant
3. Photo identity proof
4. Residential proof
5. Academic documents like the mark sheet of class 12th exam. Certificates of further education like B.com, B.sc etc
6. Marksheet of any entrance exams appeared for
7. Document proof any scholarship received
8. Bank statement for last 8 months of the co-applicant
9. Printed admission letter of the University in which admission is sought
10. Income proof of the Co-applicant like salary certificate is required
11. Proper documents of the collateral security need to be provided

1. The originating fees are needed to be paid before collecting the original Educational loan sanction letter. The cheque should be paid from the same account from which the ECS will be provided.
2. The date for the disbursement of the loan should be decided on the basis of the Visa date or the last payment date of the tuition fees to be paid.
3. The mode of disbursement of the loan has to be decided i.e. through bank transfers or through demand drafts, all the information about the bank details are available on the admission package of the University.
4. The final loan documents are prepared by the Credila and the loan documents will be signed duly by the student, the borrower, the guarantor and the co-applicants. If the co-applicants are located in different cities they have to arrange to send the documents signed through courier to get the money on time.
5. The ECS forms from Credila need to be signed and stamped from the respective bank.
6. The KYC documents along with the ECS forms and 8 signed cheques has to be given to the Credila.
7. Finally the Credila will transfer the amount to the account of the University