HDFC Credila Education Loan
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HDFC Credila Education Loan Prepayment

Prepayment of the Education Loan disbursed by HDFC Credila constitutes any premature repayment of the principal ahead of term by the borrower/s in addition to the regular monthly payments.

The borrowers shall be entitled for prepayment only after the expiry of a period of 6 (Six) months from the effective date of disbursement.

For all education loans sanctioned and disbursed to individual borrower/s under floating rate of interest, there are no prepayment charges on part or full prepayments made through own savings / balance transfer from any financial institution.

For all education loans that are sanctioned and disbursed to individual borrower/s under fixed rate of interest, prepayment charges shall be levied for the duration of loan term the fixed rate is applicable as below:

  • The borrower has the option to pay upto 25% of the financial year opening principal outstanding every financial year without any charges.
  • Any amounts paid in excess of the 25% threshold shall attract prepayment charges at 2% of the amounts being so prepaid from any source.
  • Refinance of the loan from any bank / financial institution by the borrower during this fixed rate period will attract a prepayment charge of 2% on the outstanding principal being prepaid.
Mode of making prepayment: -
  • You can send request through online request (write to us)
  • You can personally visit our nearest branch office
  • You can email us at from your registered email ID
HDFC Credila Financial Services Limited is a subsidiary of HDFC Limited, a leading financial services company of India.
HDFC Credila Financial Services Limited
Registered Office: B 301, Citi Point, Andheri-Kurla Road, Andheri (East), Mumbai-400 059, India