1. What is HDFC Credila?

HDFC Credila Financial Services Limited, a Non banking Finance Company, is an HDFC Ltd subsidiary company.

HDFC Credila is a specialized lender for student loans and offers education loans for:

• Studies Overseas
• Studies in India

2. How is HDFC Credila different from other Education loan providers?

HDFC Credila-An HDFC Ltd Company, is India's first and only education loan specialist. We have invested time and resources to set up appropriate systems, processes and know-how related to the education industry. HDFC Credila has numerous databases on education sector and their credit scoring model for the approvals of loans is designed specifically for student loans. HDFC Credila, therefore, understands problems, challenges and issues faced by the students and their parents.

Some of the issues faced by students include:

• For students going to the USA, UK, Canada, Australia, etc. there are number of activities and formalities which take away the time. Running around from one branch to the other and doing multiple rounds for education loans get very difficult
• Visa interview deadlines keep approaching fast and the education loan approval letter is required well in time to set up the visa interview. Hence, there is a tremendous time pressure to get education loan in time
• Flexibility in terms of loans which need to be customized to the requirements of the students and their respective courses
• Ability to find the required margin money (portion of the fees that is to be paid by students/parents which is not covered by the loan)
• Required loan amount is more than the value of the collateral security Ability to prove that the University, College and the applied Course is appropriate. (This can be quite challenging if the decision maker is not aware of the thousands of valid and accredited educational choices available in today's fast changing world of education)
• Ability to get web-based access to the loan account with web enabled transaction processing inclusive of electronic payments, etc.
• HDFC Credila is a specialized lender for Education Loans. HDFC Credila has invested time and resources to set up appropriate systems, processes and know-how related to the education industry. HDFC Credila has numerous databases on education sector. HDFC Credila's credit scoring model for the approvals of loans is designed specifically for education loans.

HDFC Credila, therefore, understands problems, challenges and issues faced by the students and their parents. Our objective is to work closely with students and parents to try to identify the appropriate education loan programs for them. Unlike banks which typically has a fixed product, HDFC Credila customizes the products depending on the school and the student's grades. This ensures that all students have a good shot of getting a loan, and that too at an attractive rate of interest.

3. Does HDFC Credila provide funds on its own or are they funding through other bank?

HDFC Credila Financial Services Limited itself gives out loans to students. HDFC Credila is a Non-Bank Finance Company. HDFC Credila is not a broker. HDFC Credila is not an intermediary. Education Loans are given by HDFC Credila. HDFC Credila offers provision of Pre-payment/Foreclosure during the Loan tenure.

4. Is HDFC Credila a broker or an agent or a marketing company?

Absolutely not! HDFC Credila is a Non-Bank Finance Company. HDFC Credila Financial Services Limited is a part of the HDFC Group Companies, and itself gives education loans.

We collect application forms, analyse it, perform credit and underwriting checks and verifications, underwrite the case on its merit and then decide if the loan is to be sanctioned or not. For sanctioned loans, we ourselves give loans.

• Over 3,50,000 students applied to us so far for Education Loans.
• We provide Education Loans only. No other loans!
• HDFC Credila has already funded students for esteemed top Universties like Columbia Univ., Purdue Univ., Cornell Univ.,Carnegie Mellon Univ., Oxford Univ., Pune Univ., Bangalore Management Academy, CREMA, ISB, IIM, Great lakes, SP Jain and numerous others

5. Are executives who deal with educational loan given different/ special training when dealing with educational loans?

Ans: Yes, because HDFC Credila is a dedicated education loan provider, our every employee goes through extensive training on the product and service. As this is a seasonal business, other lenders like banks have the same people manage education loans also along with the other services

6. How many offices does HDFC Credila have across the country?

HDFC Credila presently has 11 offices spread in Mumbai, Pune, Bangalore, Delhi, Gurgaon, Ahmadabad, Chennai, Hyderabad, Kolkata & Nasik. However, through HDFC Credila services over 50 locations through its offices based at HDFC Limited branches at some locations and its partner channels across the country.

7. HDFC Credila doesn't have an office in my town/city. How will HDFC Credila offer me it's loan service?

HDFC Credila offers branchless service. HDFC Credila can provide loan in many towns and cities. All you need to do is apply online at HDFC Credila and our experts will help you through the process.

8. We have not heard of HDFC Credila? Where has it come from?

It's true that we have not advertised too much. We are relatively a new entrant in the Indian market of education loans. HDFC has acquired 89% stake in HDFC Credila. Therefore, enabling us to extend our education loans to many more students.