HDFC Credila Education Loan depends on multiple factors such as:
Banks and other lenders normally check:
Yes. HDFC Bank is a group company and we are very sensitive towards our existing customers. You will get best of services and product considerations.
Sir, we generally require family members as co-borrowers. It again depends on your overall profile and the study course you are interested in. We have different product propositions for different study courses. Please connect with us at 18002093636 or with you RM for details.
Yes, you can apply for the educational loan and your father can be the co-borrower provided he has a good income or we shall require additional co-borrower from your relative with a good income proof.
Yes. Work Experience and profile are key indicators in loan assessment procedure but these are not the only criteria for sanctioning as there are numerous other parameters involved.
HDFC Credila is the only lender that not only finances upto 100% of the cost of education but also gives education loan over Rs. 20 lakhs. What's more, HDFC Credila also covers living to expenses in addition to tuition fee.
Normally, students seek education loans for professional courses with relatively higher fees structures. However, the quality, reputation, accreditation by renowned authorities etc. are few of the parameters on which the banks and FIs decide to extend loan programs
No such data is available. At HDFC Credila, our approach is to decide based on the merit of the student and the application and does not have any bearing on the gender of the student
Institutes reputation does make a difference. For e.g. students getting admission in IIM Ahmedabad, ISB, Hyderabad in India and Harvard, Wharton, Carnegie melon, London Business School etc. abroad get special benefits in education loan products from banks and other lenders
Yes. College, university rankings by the fabled and unbiased organizations help students and lenders to take right decisions
While rankings by unbiased entities do help, we follow more holistic approach of evaluating student's individual abilities, work experience and co-applicants profile
To cater to huge demand from the Indian students, almost every day new colleges/institutes/universities are getting launched and only a focused specialized lender would be able to understand the difference in quality.
We have a robust process to check whether the institutes are recognized/accredited by the appropriate authorities. Furthermore, at HDFC Credila, we also evaluate the quality and employability of courses
Yes, if the circumstances (like different and better college etc.) are different, it may be a good idea to try again with same and/or other lenders.
HDFC Credila has funded thousands of Indian students who have gone to study across 33 countries. If the institute/college/university is reputed, we are comfortable in extending loan to Indian students going to different countries for pursuing their dreams of quality higher education.
We have not defined any age limit for the borrowers. The decision is taken on the evaluation of reason of motivation for pursuing higher studies and also the potential of students to benefit from it in their careers
The applicant and co-applicants have to be Indian passport holders. In some cases, HDFC Credila accepts additional co-applicants who are NRIs but they must have some one who has Indian passport and valid address
Yes, work experience does make a positive difference while granting a loan