HDFC Credila Financial Services, a Non banking Finance Company, is an HDFC Ltd subsidiary company.
HDFC Credila is a specialized lender for student loans and offers education loans for:
HDFC Credila-An HDFC Ltd Company, is India's first and only education loan specialist. We have invested time and resources to set up appropriate systems, processes and know-how related to the education industry. HDFC Credila has numerous databases on education sector and their credit scoring model for the approvals of loans is designed specifically for student loans. HDFC Credila, therefore, understands problems, challenges and issues faced by the students and their parents.
Some of the issues faced by students include:
HDFC Credila, therefore, understands problems, challenges and issues faced by the students and their parents. Our objective is to work closely with students and parents to try to identify the appropriate education loan programs for them. Unlike banks which typically has a fixed product, HDFC Credila customizes the products depending on the school and the student's grades. This ensures that all students have a good shot of getting a loan, and that too at an attractive rate of interest.
HDFC Credila Financial Services itself gives out loans to students. HDFC Credila is a Non-Bank Finance Company. HDFC Credila is not a broker. HDFC Credila is not an intermediary. Education Loans are given by HDFC Credila. HDFC Credila offers provision of Pre-payment/Foreclosure during the Loan tenure.
Absolutely not! HDFC Credila is a Non-Bank Finance Company. HDFC Credila Financial Services is a part of the HDFC Group Companies, and itself gives education loans.
We collect application forms, analyse it, perform credit and underwriting checks and verifications, underwrite the case on its merit and then decide if the loan is to be sanctioned or not. For sanctioned loans, we ourselves give loans.
Ans: Yes, because HDFC Credila is a dedicated education loan provider, our every employee goes through extensive training on the product and service. As this is a seasonal business, other lenders like banks have the same people manage education loans also along with the other services
HDFC Credila presently has 11 offices spread in Mumbai, Pune, Bangalore, Delhi, Gurgaon, Ahmadabad, Chennai, Hyderabad, Kolkata & Nasik. However, through HDFC Credila services over 50 locations through its offices based at HDFC Limited branches at some locations and its partner channels across the country.
HDFC Credila offers branchless service. HDFC Credila can provide loan in many towns and cities. All you need to do is apply online at www.credila.com and our experts will help you through the process.
It's true that we have not advertised too much. We are relatively a new entrant in the Indian market of education loans. HDFC has acquired 89% stake in HDFC Credila. Therefore, enabling us to extend our education loans to many more students.