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Dear Student,

We take this opportunity to introduce ourselves as Credila, an HDFC Ltd. company that focuses exclusively on education loans for students. We offer customized education loan packages to study in India & Abroad and unique loan services that make getting a loan simpler, faster and more convenient.

In our experience, we have come across a number of students who are unable to apply to colleges or drop out due to a shortage of funds. Fees affordability & long & complicated bank loan procedures are some of the common gripes faced by a student today. This results in loss of a potential student and also loss of revenue for the college. To overcome this problem faced by student, parents and education institutes are facing, Credila offers customized education loan with a simple 3 steps process that makes it convenient for students and their parents to get a loan quickly.

In this context, HDFC Credila had designed a special product for the Students of International School of Business & Media enrolling for the batch 2012-2013 as below:

  1. Loan Amount: Upto 8Lacs (Without Security)
  2. Interest Rate:
    1. 12.50% to 13.25% (Floating ROI) with Simple Interest repayment during the course period
    2. Repayment Period: Upto 10 Years
    3. Moratorium: Simple Interest to be paid during the course period
    4. EMI option: Standard
    5. Co-borrower / s And / Or Guarantor: Co-borrower is required
    6. Co-borrower Profile: Salaried, Self employed professional & self employed. Self employed to be charged 0.5% extra
    7. Repayment of Interest: For Principal Moratorium (simple interest to be serviced during the course) Option: Simple Interest to be remitted on a monthly basis during the course period
    8. Origination / Processing Fees: Upto 1.5% of the loan amount sanction + Service Tax
Documents to be submitted to apply at HDFC Credila:
  1. Fully Completed Application Form duly signed by applicant & co-applicant
  2. Passport sized photographs of Applicant & Co-applicant
  3. Photo – id of Applicant & Co-applicant (PAN card, passport, Driving License)
  4. Residence proof of applicant & co-applicant (passport with address, utility bill, leave and license agreement)
  5. Academic documents of applicant (All mark sheets from SSC onwards, score sheet of entrance exams)
  6. Proof of work experience of applicant (if any)
  7. Proof of admission from ISB&M & fee structure from ISB&M
  8. Last 8 months bank statement of applicant & co-applicant (if more than one account please provide all)
  9. Income proof of co-applicant (last 3 months salary slips, last 2 years Form 16 for salaried & last 2 years ITR with balance sheet & P&L sheet for self employed). Incase of Self employed, last 3 years ITRs needs to be documented
  10. If any other loan taken by applicant or co-applicant, provide the statement of accounts for the same

** All documents needs to be self attested

Regards,
Anand Gujrathi
To apply for an Education Loan - Click Here
OR

Telephone No.: 020-32336202 / 9923002402(cell)            Email: anandg@credila.com