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NBFC

Credila Education Loan

Credila (a subsidiary of HDFC Bank) is India's first dedicated education-loan company. They are known for fast processing, high loan amounts, and flexibility on collateral.

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Interest Rates & Limits

At a glance

Secured Rate
9.5 - 11.5 %
Up to ₹ 3,50,00,000 MAX
Unsecured Rate
8.95 - 13.0 %
Up to ₹ 4,00,00,000 MAX
Loan Details

What to expect

Collateral Required
Flexible — property, FD, or co-applicant income for unsecured.
Loan Tenure
Up to 12 years.
Moratorium Period
Course duration + 12 months.
Processing Fee
0.5%–1% of loan amount (approximate).
Best Suited For
Students who need a very high loan amount or want an NBFC with a bank-grade reputation.
Important: Rates and terms shown are indicative based on our lending partnerships as of 2025–26. Actual rate, amount, and eligibility depend on your profile and are subject to lender assessment. Always confirm directly with Credila or through our counsellors before applying.
Documents Needed

What you'll typically need

  • Confirmed admission letter from your university.
  • Academic transcripts — 10th, 12th, and graduation.
  • GRE / GMAT / IELTS / TOEFL scores (if applicable).
  • KYC documents of student and co-applicant (Aadhaar, PAN, Passport).
  • Co-applicant income proof — salary slips / ITR / bank statements.
  • Collateral documents — title deed, encumbrance certificate, valuation report.
  • University fee structure and cost of attendance breakdown.

See full document checklist →

Approved Universities

Institutions funded by Credila

Credila funds students at 5,200+ universities globally. The list below shows a sample of prominent institutions. If yours isn't listed, ask us — it likely qualifies.

34 universities
UniversityCountryCategory
Arizona State UniversityUSA
Carnegie Mellon UniversityUSA
Columbia UniversityUSA
Cornell UniversityUSA
Duke UniversityUSA
Georgia Institute of TechnologyUSA
Harvard UniversityUSA
Massachusetts Institute of TechnologyUSA
New York UniversityUSA
Purdue UniversityUSA
Stanford UniversityUSA
University of ChicagoUSA
University of Illinois at Urbana-ChampaignUSA
University of Michigan–Ann ArborUSA
University of PennsylvaniaUSA
University of Southern CaliforniaUSA
Yale UniversityUSA
Imperial College LondonUnited Kingdom
London Business SchoolUnited Kingdom
London School of EconomicsUnited Kingdom
University of CambridgeUnited Kingdom
University of GlasgowUnited Kingdom
University of LeedsUnited Kingdom
University of ManchesterUnited Kingdom
University of OxfordUnited Kingdom
University of SheffieldUnited Kingdom
University of WarwickUnited Kingdom
University of TorontoCanada
McGill UniversityCanada
La Trobe UniversityAustralia
University of MelbourneAustralia
HEC ParisFrance
INSEADFrance/Singapore
National University of SingaporeSingapore

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Country-Wise Rates

Rates by destination country

Rates and limits vary by country. Click a country for full details.

Country Secured Rate Unsecured Rate
Australia—12% - 13%
Up to ₹20 Lakh (STEM only)
Canada—10.25% - 12.75%
Up to ₹50 Lakh
France—12% - 13%
Up to ₹20 Lakh (STEM only)
Germany—12.00% - 12.75%
Up to ₹25 Lakh
Ireland—STEM: 12.00–12.25% / Non-STEM: 12.25–12.50%
STEM: ₹30L / Non-STEM: ₹25L
New Zealand—12.5% - 14%
Up to ₹30 Lakh
United Kingdom—12% - 13%
Up to ₹40 Lakh
United States—11.25% - 13%
Up to ₹65 Lakh

Rates are indicative as of 2025–26. Confirm with the lender before applying.

Ready to apply through Credila?

We'll check your eligibility, negotiate the rate, and walk you through the paperwork — so you focus on your degree, not the bank.

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