Product, Process

& Documents Required


Education Loan Product Details

Education Loan Application Process

Supporting Documents Required

Education Loan Product Details

Who can apply for a loan?

Indians, planning for higher education in India, USA or Abroad.

What if I am applying to other countries too?

The product given under is for India. We have specialized products for other countries too. You may apply to us even before finalizing your country of education. However, the final loan product shall be as per the Country finalized by you for your higher education.

In what currency do I get/repay the loan?

This is an Indian Rupee denominated education loan for following students

Eligibility

Co-applicant Requirements

What Costs Are Covered?

All of the tuition fees as determined by the college/University

Up to 100% of other expenses including living and hostel expenses, travelling expenses, examination fees, library/laboratory fees; purchase of books / equipment’s/instruments/uniforms; passage money for studies into India; purchase of computers / laptops considered necessary for completion of the course as decided by HDFC Credila. Travel fare restricted to one economy class return ticket between India and the USA.

Loan Amount

Rate Of Interest

Loan Disbursement

Loan Re-payment Terms

Collateral

The following types of collateral are accepted

Education Loan Application Process

  • 1
  • Fill up Online Application Form
  • 2
  • Visit HDFC Credila & Submit Documents
  • 3
  • Final Review,Approval, Money Transferred to Your Bank

Supporting Documents Required

Following are the supporting documents needed to apply for education loan:

1. Fully Completed and Signed Application Form

To Download Loan Application Form in PDF Format Click Here

2. Two Passport Size Photos - Applicant and Co-Applicant

One set to be pasted on the Application Form and second set to be affixed (stapled) to the Application Form

3. Photo ID - Applicant and Co-Applicant (Any one of the following)

4. Residence Proof - Applicant and Co-Applicant (Any one of the following)

The following types of collateral are accepted

5. Academic Documents of Student

6. Proof Of Admission (If available)

Printed Admission Letter From the Institute on its Letterhead With Institute’s Address

7. Last 8 Months Bank Statements of Co-Applicant.

(If more than one bank account, provide copies of all)
Make sure to include the bank statements of the Bank Account where Salary or Business/
Professional receipts are credited every month.

8. Income Proof of Co-Applicant

A. In case of Salaried Employee (All the following)

B. In case of Self Employed or Professional (All the following)

9. If, Collateral - Immovable Property (Flat, House, Non-Agriculture Land) (All the Relevant Documents from the Following List)

Note: Other than original completed application form, Please DO NOT provide any original supporting documents to HDFC Credila at the time of applying for loan. All the copies of the above provided documents should be self-attested.

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