Is HDFC Credila and HDFC same?
HDFC Credila is a Non-Bank Finance Company. HDFC Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Private Limited) is a part of the HDFC Group Companies, and itself gives education loans.
How much loan does HDFC Credila provide?
4 Lakhs and Rs. 7.5 Lakhs without collateral security for studies in India and Abroad respectively. However, HDFC Credila can offer up to Rs. 20 Lakhs without surety for talented and deserving applicants.
How does HDFC Credila interest work?
HDFC Credila thinks that it’s helpful for the students not to pay interest on interest. Therefore, HDFC Credila products require at least the interest payment on the loan during the study period. HDFC Credila charges simple interest rate. HDFC Credila also believes that this reduces the burden on students and parents.
Is HDFC Credila simple interest?
HDFC Credila Interest Rate: The ‘Simple Interest’ Story Many of the education loan repayment terms of a Credila education loan without collateral is similar to those of most NBFCs. Like all major NBFCs, HDFC Credila also claims to charge simple interest during your moratorium period.
Does HDFC credila provide work from home?
We are Providing *Work From Home* Our Bank Since 2007 and Currently we are Working With thousands of Peoples In All Our India.
Is credila regulated by RBI?
The Company is registered with the Reserve Bank of India (RBI) as a systemically important non- deposit taking non-banking financial institution. The Company is India’s first dedicated education loan company.
Does HDFC Credila need collateral?
In case you have any loan with HDFC Limited, it’s an extremely simple process and can be fulfilled by our dedicated Relationship Managers It’s in the interest of the students and parents to provide the required collateral as that enables the students to get better interest rates on education loan.
Can I get student loan without collateral?
Both public and private banks give education loan without collateral. The difference is the loan amount. Public banks give maximum of INR 7.5L while Private banks can lend up-to INR 40 Lakhs.
Does HDFC Credila provide work from home?
Does HDFC Credila require collateral?
Collateral is required to mitigate the risk involved in the credit. Since the student hasn’t started to earn yet, we are not sure of his future income and profile, hence the collateral.
Does HDFC Credila cover GIC?
HDFC Credila has funded thousands of students pursuing their higher education in Canada via customised education loan products. For the first year of stay in Canada, a special Guaranteed Investment Certificate (GIC) of $10,000 CAD per year is required to cover living expenses.
Is HDFC Credila private or public?
HDFC Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Private Limited) pioneered the concept of specialist Education Loan lender and became India’s First Dedicated Education Loan Company.