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Explore the HDFC Credila disbursement process, including the required documents, eligibility criteria, and the features and benefits offered by HDFC Credila.
Did you know that the HDFC Credila education loan sanction letter is valid for only six months and if you don't fulfill the disbursement formalities within the stated period of time, your loan application might get declined and you will have to redo the whole process?
It is essential that you comprehend the disbursement process in order to prevent any hiccups during your education loan journey.
Check Your Education Loan Eligibility
Feature | Description |
---|---|
Loan amount |
Up to INR 75 Lakh (Secured loan) |
Rate of Interest |
10.50% - 12.25% |
Margin money |
No margin money. |
6 months or 1 year after completing the course. |
|
Up to 15 years |
|
Processing time |
7-10 working days after submission of required documents. |
Processing fees |
0.75%-1.25% of the sanctioned amount |
If the loan is applied via GyanDhan and there’s a delay in disbursement, the student can contact GyanDhan to get it done swiftly.
Tracking your HDFC Credila loan application status is crucial for managing your deadlines and financial commitments. For a detailed guide, read our comprehensive guide on how to track HDFC Credila education loan status.
During education loan disbursement, students often encounter several common problems that can cause inconvenience and delays. Some of these challenges include:
Up till now, you must have understood the issues that students face after disbursement. However, HDFC Credila, unlike other lenders, ensures a smooth disbursement process, minimizing the issues commonly faced by students.
Advantage | Description |
---|---|
Tax benefits |
HDFC Credila qualifies for tax benefits under section 80E of income tax act |
Less processing time |
The entire loan process can take 15 days from the date of the loan application. |
Repayment in US dollars |
HDFC Credila offers students the option to repay their loan from the US in US dollars |
For a smooth disbursement process, it is essential for students to make informed decisions regarding their education loans. When it comes to funding your education, making the right choices can shape your future. Remember that there are several crucial steps even after disbursement such as repayment and tax savings that require attention and expert advice. For a hassle-free disbursement process and to avail maximum benefits, turn to GyanDhan for expert guidance in securing the best education loan options tailored to your needs. We connect students with a range of loan options, provide expert financial advice, and facilitates end to end services regarding abroad education loans that are free of cost. So check your loan eligibility to kick start your abroad education loan journey today!
Calculate your Education Loan EMI
You can apply for a loan with HDFC Credila online by filling out the HDFC Credila education loan form and then submitting the documents. To ease the process, you can apply via GyanDhan and we will help you at every step of your abroad education loan.
Any Indian student can apply for an abroad education loan at HDFC Credila.
The Rate of Interest (ROI) for an education loan with HDFC Credila lies between 11%-13%.
To check your HDFC Credila education loan status log in to your account on HDFC credila website. Visit the HDFC Credila Loan Status Tracker webpage. This page is your gateway to all loan-related information.
HDFC Credila loan processing time is 7-14 working days. With GyanDhan by your side, you can complete your HDFC Credila education loan process within 5 to 7 working days.
Once HDFC Credila approves the loan application it further verifies all the documents and evaluates the student's profile. Once verification is done, the lender issues the HDFC Credila sanction letter.
HDFC Credila credits the education loan within 24 hours from disbursement receiving all necessary documents and completing the required formalities.
HDFC Credila disburses the education loan within 15 working days after receiving all necessary documents.
Check Your Education Loan Eligibility
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