Credila is an HDFC Ltd company. Credila is India’s first ever education loan providing company. The Company provides loan to the person who wants to pursue a higher education abroad or within India. Credila has done a rigorous market research of the education industry to build its database for the requirements and resources and processes required for providing proper loans to the students. It has a proper setup designed to provide the maximum benefits to the student. The company works close to the students and parents to provide proper loans to them. Credila has a loan packages prepared according to the needs of the students. It provides convenient services which are faster and simpler.
Issues faced while applying for an education loan:
- There is no flexibility in education loans provided by the banks
- Total amount of fees is not covered by the banks. The margin money needs to be paid by the students
- The students face problem if value of the security given does not match the amount of loan required
- The challenge of proving the credibility of the chosen University or college
- Acquiring of loan approval letter to apply for the Visa
- Overseas repayment facility of the loan
- Non-availability of online repayment facility of the loan
The students who are planning education abroad have to make a vast research and planning to make a proper choice of the courses and Universities. Too much time is devoted in making a proper choice and have to go through the pile and pile of paper work. But, Credila has made it easy for them. It has tied up with lots of Universities and colleges abroad and also within India and has compiled a database of their advice and has made the task easier for the students. The students can make a critical decision and plan their future. Credila has now become the most trustworthy name in the field of education loan. Credila has become a brand serving the purpose of education loan “Transforming Lives and Building the Nation”
Credila has funded the higher education of the students both in India and abroad. Unlike banks the students can get their loans pre-approved that are even before getting the admission confirmed with any University. The pre-approval of the loan enables the students to choose their dream field and the Universities and colleges they wished to study.
Credila has funded thousands and thousands of students from India to get admissions in 4100 plus Universities over 35 countries.