Credila, an HDFC Ltd company, introduces "Tatkal Education Loan". Now you can avail of the
loan in the midst of the session and cover your course fees including what your parents have already
paid for. The loan is available in 3 simple steps, approved in *48 hrs flat!
Apply
Fill Online Application
Click here to apply online
Download PDF
Download App. form
Click here to Download
Apply
Submit minimal documents to Credila.
List of documents given below.
Apply
**Eligible applicants to get loan approval in 2 working days of
receiving complete documentation
List of documents:
  • Completed Application Form
  • Confirmed admission letter
  • Academic proof: 10th, 12th and/or last degree
  • Applicant and Co-borrower passport size photograph
  • Co-borrower’s PAN card and address proof and student ID proof
  • Last 3 months bank statement of co-borrower
  • Latest ITR or Form 16 or 3 months salary slip or 3 months salary certificate of co-borrower
**Eligibility Criteria for Tatkal education loan&
  • Education loan to study in India only.
  • Education loan up to 3 lakhs only.
  • Applicant must be pursuing a course in MBA, Engineering including 3 yrs diploma, Clinical research, Medical, BSc Nursing or other Credila approved courses
  • Student’s college/institute to be located in Mumbai, Pune, Chennai, Delhi, Gurgaon and Noida only
  • Co-borrower's & ECS location to be - Mumbai, Thane, Navi Mumbai, Pune, New Delhi, Gurgaon, Noida, Kolkatta, Hyderabad, Chennai, Bangalore, Ahmedabad, Madurai, Coimbatore and Nashik
  • Coborrowers to be Father, Mother, Brother & Sister only
  • Co-borrower must be salaried with min Rs 12,000 net income.
  • Co-borrower must be working in below one of the following cities
    Mumbai, Chennai, Pune, Delhi, Hyderabad, Bangalore, Kolkata, Nashik
  EMI Table :
Loan Amount
 (In Rupees)
 
While Studying
 Per Month Interest Repayment
 (In Rupees)
 Interest + Principal
48 Installments (EMI)
 (In Rupees)
100,000 996 2,631

200,000 1,992

5,262

300,000 2,988

7,893

 
youcan
Toll Free: 1-800-209-3636 divider_ver3 SMS: Credila to 53636 divider_ver3 Email: loan@credila.com
 
* T&Capply   **All other credit and policy norms of Credila apply    ***Loan approvals at the sole discretion of Credila.