Here's how Education Loan with Smart Benefits can help you

HDFC Credila is India’s first dedicated education loan company, having funded the education of thousands of students pursuing their education across 50 countries, 3400 institutes and 1800 courses.

An education loan from HDFC Credila comes with a host of attractive features and benefits, some of which include:

• Loan pre-approval even before admission
  HDFC Credila offers a sanction letter even before admission confirmation, which enables students to apply to their dream universities with a strong proof of financial resources. This is especially crucial for those students looking to study in the US.
• Income tax benefits
  HDFC Credila is the only NBFC that enables you to claim a tax deduction on the entire interest component of your education loan under Section 80E of the Income Tax Act, 1961. With no upper cap on the amount you can claim, this attractive benefit brings down the cost of your loan and helps you save money too!
• Loan covering up to 100% of expenses
  Pursuing your higher education isn’t only about funding your tuition fee, but there are ancillary expenses that need to be factored in. Living expenses, travel fare and the purchase of equipment such as a laptop and study material can all add up to your costs. When you apply for a loan, make sure that these expenses are also covered, so that you can pursue your education without having to worry about finances at all.
• Longer repayment tenure
  A large number of financers do not offer flexibility when it comes to loan repayment, thus making the transition from student to working professional difficult upon course completion. An education loan from HDFC Credila, on the other hand, offers you a repayment tenure of up to 15 years that can ease the worry around loan repayment.
• Easy EMIs
  Repaying a loan is often seen as a task, which is where new age lenders such as HDFC Credila make the process convenient and hassle-free by offering easy EMIs that allow you to optimise your finances. Not only can you plan ahead, but also ensure that you are able to service your loan at the same time!

Choosing the right education loan

A student loan from HDFC Credila offers many unique features and benefits in addition to those mentioned above. What's more, with an easy online application process* you can now get a customised education loan that helps you fulfil your dreams of higher education.