- Monday to Saturday – 9 to 7 pm, Sunday closed
Menu
Get Free Education Loan Assistance From Siksha Udaan Capital
10.25% - 12.75%
0.5 - 1%
Nil
A major player in the NBFC market, HDFC Credila has helped many students achieve their academic goals. HDFC Credila Financial Services is India’s foremost education loan provider. They specialize in providing loans to students who wish to study abroad. They have tie-ups with more than 1000 universities in at least 35 countries. HDFC Credila stands out because it offers personalized education loan options that consider the applicant’s course and country preferences.
| Features | Description |
|---|---|
|
Loan amount |
Up to INR 65 Lakh |
|
Rate of interest |
10.25% - 12.75% |
|
Processing fees |
0.5-1% |
|
Processing time |
7-10 days |
|
Margin money |
nil |
|
Moratorium period |
Course duration + 1-year |
|
Repayment tenure |
15 years |
You are given a moratorium period where you don’t have to make any payments towards your education loan.
The borrower must provide a certain amount of money called margin money for the loan, and the lender will cover the rest.
Only HDFC Credila, an NBFC in India, offers tax benefits on education loans under Section 80E. Individuals may avail of a deduction for the interest paid on an education loan under Section 80E of the Income Tax Act. This deduction is applicable for a maximum of eight years, starting from the year when the loan repayment begins. It’s crucial to understand that Section 80E tax benefit is limited to the interest paid on education loans, not the principal amount.
The applicant must be a citizen of India and must be 18 years of age or older at the time of application. Additionally, the student must have obtained admission to a recognized university.
A strong emphasis is placed on the applicant’s academic performance. Meeting the minimum academic requirements set by the lending institution is crucial. Furthermore, the applicant must demonstrate proficiency in prerequisite tests such as GRE, IELTS, or TOEFL.
To qualify for the loan, the borrower must have a co-applicant, who can be their mother, father, sister, brother, spouse, relative from either side of the family, or a legal guardian. The co-applicant is required to have a reliable source of income and a positive credit history.
The plan covers a broad range of courses, which include standard graduate degrees, postgraduate degrees, diplomas, certificates, and doctorate courses provided by foreign institutes and universities in countries like the USA, UK, France, Canada, Australia, New Zealand, Germany, and Ireland, among others.
| Features | GRE >=310 | GRE 300 - < 310 | GRE 285 - < 299 |
|---|---|---|---|
|
Rate of interest |
|
|
12.5 - 13% |
|
Loan amount |
Up to INR 65 Lakh |
Up to INR 50 Lakh |
Up to INR 40 Lakh |
|
Co-applicant minimum income |
INR 30K |
INR 35K |
INR 35K |
|
Monthly installment during the course |
Partial simple interest |
Partial simple interest |
Simple interest |
|
Processing fees |
0.5-1% |
0.7 - 1% |
1% |
| Features | Australia / New Zealand | Canada | UK |
Germany/Ireland/ France/Italy |
|---|---|---|---|---|
|
Rate of interest |
12 - 13% |
11.75 - 12.5% |
12 - 13% |
12 - 12.75% |
|
Loan amount |
INR 25 Lakh |
INR 40 Lakh |
INR 40 Lakh |
INR 25 Lakh |
|
Co-applicant minimum income |
INR 60K |
INR 35K |
INR 40K |
INR 40K |
|
Monthly installment during the course |
Simple interest/ EMI |
Partial Simple interest |
Simple interest/ Partial interest |
Simple interest/ Partial interest |
|
Processing fees |
1% |
0.75-1% |
1 - 2% |
1 - 1.5% |
For HDFC Credila education loans, Shiksha Udaan Capital offers a personalized documents list based on your profile, the profiles of your co-applicants, and any assets or property you might want to submit as collateral.
Those seeking financial assistance for studying abroad may access HDFC Credila’s online platform to initiate the loan application process. Alternatively, for an easy and efficient application procedure, applicants can consider utilizing Shiksha Udaan Capital’s services to apply for their education loan.
Shiksha Udaan Capital serves as an internet-based platform that aims to support Indian students in funding their overseas education. To initiate your journey with us, simply verify your eligibility for a loan as well as entrust the remaining tasks to our proficient team.
The Best Loan Available
Shiksha Udaan Capital strives to deliver the most favorable education loan deals to our customers. Our team works regularly to negotiate the best terms and conditions for your loan, ensuring that you have access to the most beneficial options in the market.
Trouble-free Experience
If you apply for an education loan directly, you may encounter several difficulties. However, Shiksha Udaan Capital offers a solution that streamlines the entire process. By simply checking your eligibility, you can bypass the potential challenges that may arise. Once you are confirmed as eligible, you may relax and rely on the expertise of a dedicated education loan counselor who will guide you every step of the way.
Services Offered Completely Free of Cost
Shiksha Udaan Capital offers its services to candidates without any charges. We do not require applicants to pay any processing fees or commissions for utilizing our services.
Greater Possibility of Being Approved
If there are any issues with the paperwork or application, Shiksha Udaan Capital steps in to address and overcome the issue by liaising with the authorities at HDFC Credila.
Quick Processing Time
In approximately 5-7 days, Team Shiksha Udaan Capital successfully collaborates with many HDFC Credila departments to obtain a loan approval. Because of this, each year thousands of students entrust us with their student loans. A student’s loan application would normally be processed within 12 to 15 days if they applied directly to the NBFC.
Yes, the full cost of your study abroad is covered by the HDFC Credila education loan.
You can get tax benefits on the interest paid for education loans under Section 80-E of the Income Tax Act.
It usually takes 3-4 business days for approval after submitting the required documentation.
Simple interest will be required for payment. However, if you have a good profile, there is an option to repay only a portion of the interest.
The interest rate can vary from 10.25% to 12.75% depending on different factors.
The HDFC Credila education loan has a processing charge that ranges from 1% to 1.25% of the loan balance.
Shiksha Udaan Capital aims to support your dream of attaining a high-quality education and provide students with easy access to personalized educational finance alternatives.
