Features

Special benefits of getting Education Loans from HDFC Credila

Attractive tax beneﬁts* under Section 80E

Competitive Rate of Interest

Pre-approval also before admission confirmation

Online application* accepted

No margin money

Collatering flexibility

LOAN AMOUNT:

COURSES COVERED:

As on date, HDFC Credila has funded students for 1500+ courses across 2500+ universities and 38 countries, for programmes including:

RATE OF INTEREST (ROI):

A floating rate of interest linked to HDFC Credila's Benchmark Lending Rate (CBLR) will be applicable, wherein the floating rate of interest to be (HDFC Credila's CBLR + Spread) % per annum.

Below is a table to illustrate the ROI calculation:

Education Loan Amount (Rs.)	ROI	Interest Amount (Rs.)	Yearly Tax Savings (Rs.)	Effective Interest paid (Rs.)	Effective Rate of Interest
750,000	11.00%	82,500	25,493	57,007	7.60%
1,000,000	11.00%	110,000	33,990	76,010	7.60%
1,500,000	11.00%	165,000	50,985	114,015	7.60%
2,000,000	11.00%	220,000	67,980	152,020	7.60%

COSTS COVERED:

Tuition fees, as determined by the college/ university
Other expenses, including:
- Living expenses
- Travel expenses
- Ancillary expenses, including library and laboratory fees, purchase of books, laptop, related equipment

TENURE:

The maximum loan repayment tenure is of up to 15 years, including the moratorium period.

COLLATERAL OPTIONS: