HDFC Credila Education Loan

1. The minimum loan amount provided is one lakh. 

1. HDFC Credila provides income tax benefits under Section 80E. 

1. Loan repayments can be done through EMIs for up to 12 years. 

Eligibility Criteria for HDFC Credila Education Loan 

HDFC Credila provides education loans subject to certain terms and conditions. They are as follows: 

1. The loan applicant must be an Indian citizen. 

1. Admission to the educational institution must be confirmed before the loan can be sanctioned and disbursed. 

1. The co-applicant is required to have a bank account with a checkbook facility. 

Documents Required 

A set of documents is required to obtain an HDFC Credila education loan. They are: 

1. A filled-out application form 

1. Identity and residence proof of applicant and co-applicant 

1. Academic documents 

1. Two photographs of the applicant and co-applicant 

1. Collateral 

1. Proof of admission 

1. Income proof of co-applicant 

Benefits of HDFC Credila Education Loan 

The benefits of the HDFC Credila education loan are numerous. It covers up to 100% of the applicant’s educational expenses. The application process for a loan is also easy, as it can be done online. The repayment options are flexible, which makes this the best choice for an education loan. 

How to Apply for HDFC Credila Education Loan? 

The application process for an HDFC Credila education loan is quite hassle-free: 

Step 1: Fill in the application form. 

Step 2: The HDFC Bank representatives will collect the form and other documents by visiting your house. 

Step 3: After reviewing, the education loan will be approved. 

Step 4: Sign the education loan agreement. 

Step 5: The loan amount will be deposited into your bank account. 

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