HDFC Credila Education Loan for Study Abroad
Under the HDFC Credila education loan students can borrow money to study 3300+ courses offered by 4600+ universities and colleges located in 63+ countries. HDFC bank offer student loans, which is the most preferred way to finance your study abroad dream.
HDFC Bank has a special loan for students looking to study abroad called the HDFC Credila Education Loan. Since it is a specialized loan for Indian students looking to continue their studies internationally, the whole process of getting this loan is comparatively simpler and easier. Here is some information about this loan.
Features of HDFC Credila Education Loan
- Offers education loans up to 100% of the total educational expenses
- Loan amount of more than Rs. 20 lakhs are available
- Repay loans via EMIs
- Competitive rates for students getting into top universities across the world.
- Doorstep service ensures loans are disbursed as quickly as possible
- Web billing and servicing
- Benefits under section 80(E) of the Income Tax Act 1961.
- The loan can be sanctioned before the admission is confirmed.
HDFC Credila Loan Eligibility Criteria
- The student should be a resident Indian.
- Applicants should be older than 16 years and younger than 35 years.
- The co-applicant could be a parent, spouse, sibling, in-laws, or uncle/aunt.
Related links:
- Eligibility Criteria for Education Loan
- The A to Z of Study Abroad Loans: All Terms and Their Definitions
- Everything You Need to Know About Education Loan
Documents Required for HDFC Credila Loan
Check out the list of documents required for education loan offered under HDFC Credila.
Category |
Applicant |
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Academic document |
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KYC |
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Income documents |
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Others |
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HDFC Credila Interest Rates and Fees
It is important to know the ROI of HDFC Credila education loan before applying for this. Below, we have mentioned detail information about ROI and fees related to this study loan.
Description of Charges |
Education Loan |
---|---|
Loan processing charges |
Up to 1.5% of the sanctioned amount |
Pre-payment charges |
None |
No objection certificate (NOC) |
None |
Duplicate of no dues certificate |
None |
Solvency certificate |
Not applicable |
Charges for late payment of EMI |
2% per month of installment (MI/PMII) + applicable taxes |
Credit assessment charges |
None |
Non-standard repayment charges |
None |
Cheque or ACH mandate or direct debit swapping charges |
Up to Rs.500 per swap instance plus applicable taxes |
Cheque/ACH/Direct debit bouncing charges |
Rs. 400 per dishonor of cheque/ACH/Direct Debit return per presentation + applicable any taxes |
Stamp duty and other statutory charges |
As applicable by the laws of the state |
Loan cancellation charges |
1% of the unveiled sanctioned loan amount + applicable any taxes |
Manual collection charges |
Rs. 200 per visit plus applicable any taxes |
Charges for updating and handling loan account as per customer request |
Rs. 1,500 plus applicable any taxes |
Document storage and retrieval charges |
For no collateral: Rs. 2,000 plus applicable any taxes |
Learn More About Education Loans:
- Indian Banks offering Education Loans for Studying Abroad
- How to Choose Your Bank for Education Loan
- Step by Step Guide to Education Loans
- Education Loan Vs. Self Funding to Study Abroad
Note: Students, who wish to study abroad, may get in touch with India’s top-rated loan providers and apply for an education loan through Shiksha Study Abroad.
Q: Â How can I get admission in the University of Manchester?
The application process at the University of Manchester may vary depending on the course and level of study. However, here is the application process for UG and PG courses:
The Undergraduate Application Process:
Step 1: You can apply through the UCAS common application portal.
Step 2: Go to the website and select the course you are interested in.
Step 3: Ensure you meet the Entry requirements (Academic qualifications, English proficiency, etc.
Step 4: Once you decide on the course, submit documents such as SOP, Transcripts and personal statements.
Check out: tips to improve your SOP.
Step 5: You can track the application's progress through your given credentials by UCAS.
Step 6: Once the applicant submits the application to UCAS, it forwards to the University, and the admission teams carefully analyse the application document.
Step 7: The university will send you an offer letter once selected. Hence keep checking your UCAS portal for your application status.
The Postgraduate application process:
Step 1: Select the postgraduate course you are interested in from the University of Manchester.\
Step 2: Ensure you meet the entry requirements for the chosen program, as they vary depending on the course.
Step 3: Complete the online application by providing your personal information.
Step 4: Upload the required documents, such as Academic transcripts and proof of English language proficiency ( TOEFL/ IELTS). experience in your fields and references (depending on the course). You also may require Two LORs depending on the course.
To make your admission better, check out the following: How Admission Officers Evaluate your application.
Step 5: If your application is successful, you will receive an offer from the University of Manchester.
Q: Â Is university of West of Scotland good for international students?
The University of the West of Scotland has five modern and diverse campuses in United Kingdom. The University has welcomed more than 3,000 international students which are representing 1/3 of the globe. They also have 130 European partners who are actively in global study and exchange options through the Commonwealth universities programmes. The University also offers study abroad opportunities for UWS who are eligible for the same and also have more than 20 transnational education partners worldwide which helps them deliver UWS Bachelors and Masters Degrees around the world.
Q: Â What is University of Wales, Trinity Saint famous for?
University of Wales, Trinity Saint (UWTSD) was founded in 2010, is a public institution for higher education and research at multiple locations. It was set up under the 1828 royal charter of Lampeter, the institution was the result of the merger between Trinity University College and the University of Wales. The institution merged with the Swansea Metropolitan University in 2013.
- Top Ranked University: The UWTSD is not ranked by any major ranking body, however as per the university ranking given on the official website of the university, it is ranked among:
- #1st in Wales and UK Top 5 Film Production and Photography
- #1st in Wales and UK Top 5 Fashion and Textiles
- #1st in Wales and UK Top 20 Graphic Design
- #1st in Wales and UK Top 5 Education
- #1st in Wales and UK Top 20 Sports Science
- #1st in Wales and UK Top 20 Mechanical Engineering
- #1st in Wales for Fine Arts
- Variety of Courses: UWTSD offers more than 300 programs at various levels including undergraduate, postgraduate degrees as well as multiple online courses.
- Highly distinguished and learned faculties: the faculty at UWTSD is highly learned and distinguished which enables students to be the best in their field of study.
- High Placements: According to Graduate Outcome data 2019-2020 quoted by the UWTSD, more than 95% of its graduates were found to be employed within 15 Months of graduation. The average salary of a graduate is not explicitly released by UWTSD, however, as per some unofficial sources the average salary of the graduates of UWTSD is approximately INR 30-35L. with the highest salary being reported as high as INR 66.5L for jobs in Financial Services.
Q: Â What rank is Wolverhampton University in UK?
The University of Wolverhampton is one of the best universities in the United Kingdom. The university is consistently ranked among the best universities nationally and globally. For nearly 200 years, the University of Wolverhampton has been consistently providing a quality of education to students and producing highly skilled graduates. The national rankings of the University of Wolverhampton are given below:
Ranking Body | Ranking |
---|---|
The Guardian University Guide 2024 | #101 |
The Complete University Guide 2024 | #117 |
Q: Â Does the University of Essex require IELTS?
International students whose native language is not English must meet the University of Essex English language requirements to get admission. The university accepts IELTS scores as proof of English language proficiency. Mentioned below are the IELTS scores required for UG and PG admission at the university:
English Language Test | Score |
---|---|
IELTS | Overall score of 5.5 to 8.0 with minimum of 5.5 to 7.5 in each section |
The university also accepts the score of other English language tests such as TOEFL and PTE for admission to undergraduate and graduate programs:
English Language Test | Score |
TOEFL iBT | Overall score of 72 to 114 |
PTE | Overall score of 59 to 84 with minimum of 59 to 80 in each section |
Also read: Required IELTS Score for UK Universities
Q: Â Why indian students choose to study at Hult International Business School - UK?
Indian students choose to study at Hult International Business School in the UK for several reasons, including its highly ranked programs, global outlook, and career support. Hult offers a range of full-time master’s degrees, immersive bachelor's programs, and MBA options that prepare students to excel in the global job market. The school is the largest and top-ranked global business school, providing students with an incomparable universal outlook. Additionally, Hult's focus on experiential learning, extensive career support, and the opportunity to study at multiple campuses around the world are attractive to Indian students seeking a global business education. Furthermore, the school's emphasis on innovation and meeting the needs of students and employers may also contribute to its appeal to Indian students
Q: Â How to prepare for UK 10th board exam 2025?
Those who are preparing for the UK Class 10 exam 2025 are recommended to follow the tips below.
- Know the exam pattern
- Make a proper time table as per the syllabus
- Solve previous year question papers
- Make short notes of important formulas and theorems
- Revise regularly
- Figure out weaker areas and learn them well
With proper planning and hard work, students can easily clear the UK 10th board exam.
Q: Â How to download UK Board 12th date sheet 2024?
Following are the steps to download the UK 12th date sheet 2024.
- Open the Uttarakhand Board's official website at ubse.uk.gov.in
- Click on 'Examination Scheme' available on the homepage
- A new window will appear on the screen containing a link of the UK Board 12th date sheet 2024
- Click the link and download the Uttarakhand 12th date sheet 2024
Raj Vimal has experience of 7+ years in SEO Content Writing, which includes 5+ years in the Ed-Tech industry. He has written articles about studying abroad, especially in the USA, UK, and other English-speaking coun... Read Full Bio
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3 years ago
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3 years ago
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5 years ago
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Reply to Brijesh Pansuriya
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3 years ago
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Hi Brijesh, banks offer a loan of up to Rs 7.5 lakhs without collateral. Fore more information on collateral, please check the below guide: https://studyabroad.shiksha.com/education-loan-applycontent61319
5 years ago
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5 years ago
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Hi Sapna, majority of Indian banks provides upto Rs. 20 lacs for studying abroad. Please read the article above to know about Credila loan. You may also check this guide https://studyabroad.shiksha.com/education-loan-applycontent61319
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