Preparing to go for higher education involves a lot of activities. There are entrance tests, preparation for regular examinations, coaching classes, filling in numerous application forms, group discussions (GD) and Personal Interview (PI) schedules for MBA students etc.

While being busy with so many things, there is not much time left to focus on education loans. Therefore, sometimes, the process of applying for education loan and follow up properly keeps getting delayed.

However, very few students and parents realize that there is very little time between the time the admission gets confirmed to and the deadline to pays the fees for the course.

If an education loan application is not submitted well in advance, many issues can come up, such as:

• Student learns that due to the changes in fees structure, education loan requirements have gone up
• There are unforeseen expenses related to additional exams to be taken, travel arrangements, laptop computers, books etc. e.g. living expenses are higher now since other low cost off campus arrangements are not working out or travel expenses have gone up due to rate increase, taxes etc.
• The amount of education loan approved is much less than the total expenses required to complete the entire course
• Legal panelists have to complete the valuation of the collateral guarantee, which will take much longer than anticipated
• To provide the legal documentation for the collateral guarantee on the family property/land/flat/apartment etc. other relatives not available on time to complete the legal formalities
• All of a sudden, family emergency crops up like medical emergency or the marriage of the family member etc. and there is no time to follow up on loan documents etc.

It gives you confidence, when you know that there is one option!

The student has to complete a detailed education loan application form with supporting documents. Credila works with the student and parents to complete all relevant formalities like collateral valuation, field reports, credit checks, etc.

Credila team conducts detailed credit scoring of the applications.

Credila informs you about its decision on your education loan application.

If approved, the student gets one assured option to pursue the dream of a lifetime!!!

Credila does not charge any fees during this process. Fees are only charged if the actual loan disbursement is taken.

Preparing to go overseas for higher education is quite exciting! There are hundreds of things to be done. It gets extremely hectic. Time passes by... the clock ticks... the deadline approaches!

Life is Full of Surprises!

Excitement keeps increasing by the day, but all of a sudden, at the last minute, unexpected issues come up related to the key issue of education loans, such as:

• Student learns that he/she won't be able to get any financial aid or teaching assistantship or research scholarship in the first semester. Hence, education loan requirements go up.
• Visa appointment date is approaching fast and education loan confirmation has still not come through
• The amount of education loan approved is much less than the total expenses required to complete the entire course
• Legal panelists have to complete the valuation of the collateral guarantee which will take much longer than anticipated
• To provide the legal documentation for the collateral guarantee on the family property/land/flat/apartment etc. other relatives not available on time to complete the legal formalities
• There are unforeseen expenses related to additional exams to be taken, travel arrangements, laptop computers, books etc. e.g. living expenses are higher now since other low cost off campus arrangements are not working out or travel expenses have gone up due to rate increase, taxes etc.
• All of a sudden, family emergency crops up like medical emergency or the marriage of the family member etc. and there is no time to follow up on loan documents etc.

• Going Overseas for higher education is like a Dream Come True!
• It's once in a lifetime opportunity!

• The student has to complete a detailed education loan application form with supporting documents.
• Credila works with the student and parents to complete all relevant formalities like collateral valuation, field reports, credit checks etc.
• Credila team conducts detailed credit scoring of the applications
• Credila informs you about its decision on your education loan application
• If approved, the student gets one assured option to pursue the dream of a lifetime!!!
• Credila does not charge any fees during this process