Have a question? We’re here to help.
About Credila
Why Choose Credila?
Application Process
1. What is the education loan process at Credila?
2. Where can I get the loan application form, and where must I submit the same?
3. How can I apply to Credila?
4. If I’m planning to study overseas, when is the right time to apply for an education loan - before admission confirmation or after?
5. Why should I apply now while my admission is not confirmed yet?
Document Checklist
Loan Amount Availability
Loan Repayment
1. How is interest calculated?
2. What if the student gives up studies without completing their programme?
3. Usually, banks ask for repayments after the course completes, but Credila has asked me to pay at least the interest amount during the course. What are the benefits of this?
4. Does Credila offer part payment/foreclosure?
5. Is there any benefit if the interest is paid during the study period?
Co-borrower
Collateral
Tax Benefit
1. Who can avail of the benefit?
2. On what basis can the exemption be claimed?
3. What is the maximum amount for which exemption can be claimed?
4. From where does one have to take an education loan to avail of this benefit?
5. What are the courses or programmes for which the tax benefit can be availed?
6. What must be the education destination to avail this benefit?
7. What’s the time limit to claim the tax exemption?
8. How can one prove that interest on the education loan has been paid to avail of this benefit?
Manage Your Loan
1. How do I update my contact information?
2. Can I pay an extra lump sum on the education loan?
3. Can I make an additional payment while studying or during the moratorium or grace period?
4. My bank account details have changed. How do I make my payments now?
5. What are the documents required for ECS/ACH Swapping?
6. What is the processing or service charge levied on the customer?
7. What are the consequences of ECS dishonour?
8. When do I have to fund my bank account for clearing the payment through ECS (Debit Clearing)?
9. How can I remit the defaulted payment of the ECS?
10. How do I get my property papers back?
11. Does Credila have an ROI conversion facility?
Customer Service
ACH Mandate
