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Agriculture Educational Loan

HDFC Credila Education Loan

Costs will covered are,
- All of the tuition fees as determined by the college/University
- Up to 100% of other expenses including living and hostel expenses, travelling expenses, examination fees, library/laboratory fees; purchase of books / equipment's/instruments/uniforms; passage money for studies into India; purchase of computers / laptops considered necessary for completion of the course as decided by HDFC Credila. Travel fare restricted to one economy class return ticket between India and the country of study.

Loan Amount
Minimum Loan Amount Indian Rupees 1,00,000
Maximum Loan Amount: HDFC Credila does not have an upper limit on the loan, subject to the case meeting HDFC Credila's credit and underwriting norms as applicable from time to time.

Rate Of Interest

Rate of interest will be floating rate of interest linked to HDFC Credila's Benchmark Lending Rate (CBLR)
The interest will be calculated using Simple Interest Rate
Floating rate of interest to be (HDFC Credila's CBLR + Spread)% per annum
For HDFC Credila's current CBLR Click Here A Spread is determined on the risk profile of the case which vary on account of a number of factors such as student's academic background, employability of the selected course from a selected college and country of study, financial strength of the co‐borrower, loan repayment capability, credit history, collateral offered or not, serviceability of the loan through HDFC Credila's branch network, cost/s associated with underwriting and servicing the loan, etc.

Education Loan Application Process-
HDFC Credila has a student friendly education loan application process:
Student: To complete Credila's online Education Loan Application Forms
HDFC Credila: To follow‐up with the student & parents to answer questions
HDFC Credila: Representative visits your house & collects signed application form with the supporting documents
Student: To provide a completed Education Loan Application form with all the required supporting documents
( Note: Students can apply to HDFC Credila for Education Loan even before confirmed admission )
HDFC Credila: Credit team to review & underwrite the Education Loan application
HDFC Credila: To approve the education loan or ask for any additional information required
Student: To complete the education loan disbursement formalities by signing the education loan agreement
HDFC Credila: The education loan amount is deposited in the required bank account electronically

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