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?

We believe that it’s helpful for the students not to increase their financial expenses in the first place. Therefore, Credila products require at least the interest payment on the loan during the study period.

Plus, it is very important to bring in an aspect of financial discipline for the students. Credila has noticed that once interest on interest is avoided, students and parents feel quite comfortable dealing with the monthly instalments (Mis) of the loan. It also encourages students towards a brighter future as there are ancillary expenses to take care of after they get their first job.

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