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How to Track HDFC Credila Education Loan Status
Education Loan

How to Track HDFC Credila Education Loan Status: Explained

How to Track HDFC Credila Education Loan Status: Explained

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Check your HDFC Credila education loan status easily with our step-by-step guide. Track your loan progress online and stay updated.

GyanDhan
Ananya Ghai
Updated on:  11 Dec 2024  | Reviewed By:  Aman  | 8.9K | 9  min read

For many students hoping to fulfil their dreams of attending college, both in India and overseas, obtaining an education loan is an essential first step. As a top NBFC, HDFC Credila distinguishes itself by providing specialized financial solutions catered to the particular requirements of prospective students.

 

Keeping track of your HDFC Credila application status is an integral element of structuring your academic journey in order to avoid unexpected outcomes. Keeping track of the loan status is necessary for effective financial management and also prepares one for the repayment phase. It is easy to keep your budget in check, avoid payment delays, and prevent any issues in the future by simply keeping track of the information.

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Key Features of HDFC Credila Education Loan

Feature Description

Loan amount

Up to INR 65 Lakh

Rate of interest

10.5 - 12.5%

Processing fees

0.5 - 1%

Processing time

7-10 days

Margin money*

nil

Moratorium period*

Course duration + 1-year

Repayment tenure

15 years


Students must check their HDFC education loan status frequently which will enable them to ease their way into academic pursuits and facilitate their financial planning. They can avoid unnecessary hold-ups by following the application process for their loans and resolving any issues or supplementary documentation that may arise.

 

Such attentiveness helps to lessen pressure and allows students to focus on their studies by ensuring that funds required for tuition fees, accommodation and other essential expenses are organized well ahead of time.

 

Check loan eligibility for study abroad

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Eligibility Criteria For HDFC Credila Education Loan Application

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    Borrower must be an Indian citizen
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    Co-applicants must be an Indian citizen
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    Ability to offer collateral
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    Co-borrower(s) must have an Indian bank account with cheque writing facilities
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    Admission letter from the college
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Application of HDFC Credila Education Loan

Managing the monetary requirements of education can be a very challenging task but with HDFC Credila education loan, repayment is quite easy. We have composed this loan tracking guide for you so that you do not lose the status of your loan:

 

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    Go to the loan status tracker:To track HDFC Credila loan application status and other information, visit the pages of the loan status tracker. This page is your portal to everything concerning your HDFC Credila education loan management.
 
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    Enter the required information - The loan status tracker page requires the user to provide certain information to locate the relevant loan application. You will need to provide one of the following, whichever is applicable:
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      Applicant name: This means exactly as it is printed in the loan application form, do not change it in any way.
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      Reference/proposal number: This means the unique number that is generated at the processing of your proposal. (this was given to you at the period of your loan application.)
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      Date of birth: Provide your date of birth to further authenticate your request.
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      Mobile number: In case you submitted a mobile number with your loan application, you can use it to check the status of the loan effectively.

     

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    Solve the Captcha - As this is of utmost importance, you are also required to pass the Captcha session in order to verify if you are a human scoring machine. Data will also be secure as it will be this way.
 
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    Submit and Track - After filling in the necessary details and completing the captcha, click on the “Submit” button. You must be able to see the loan status in the screen where you can also see the current data on interest rates, loan balances, loan disbursement and so many other things.
     

Note - In case you experience difficulties with the tracker or have any additional questions about your loan, the customer service agents of HDFC Credila will offer the assistance that you need. True to their commitment to customer satisfaction, you can rest assured that nothing will go wrong as you embark on this financial journey.

 

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How to Apply for an Education Loan at HDFC Credila?

The process of applying for an education loan from HDFC Credila is simple and is intended to be quick and easy. Here's how to apply for an education loan:

 

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    Visit the official website: Start by going to HDFC Credila's official website, where you can obtain comprehensive details regarding the different loan options that are offered.
 
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    Check eligibility: To find out if you qualify for the loan, use the eligibility calculator on the website.
 
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    Document submission: Collect all required documents, such as bank statements, admission letters, and academic transcripts. The website of HDFC Credila offers an extensive list of necessary paperwork.
 
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    Application form: Complete the online application form with the correct information. Make sure all data entered is accurate to prevent processing delays.
 
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    Loan approval and disbursal: Upon submission, HDFC Credila will review your application. If approved, they will contact you for further process and loan disbursal details.
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HDFC Credila Loan Disbursement Process

We have a detailed video on the entire process of HDFC Crediala Loan Disbursement and you can check for more information. Also, if you prefer reading we have dedicated an entire blog for this. You can find it here.

 

 

One of the most important steps in reaching your academic goals is getting an education loan. This journey can be considerably less intimidating with the correct direction, freeing you up to concentrate on your education, which is what counts. Even though applying for an education loan can be difficult, the process can go more smoothly and painlessly if GyanDhan is on your side. GyanDhan communicates with HDFC Credila management directly in the event of any obstacles or delays, guaranteeing a quick and easy loan application process. Start now by calculating your eligibility for a loan!

 

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Frequently Asked Questions

What is the loan processing time at HDFC Credila?
 

HDFC Credila takes up to 7-10 days to process a loan.

How can I apply for an education loan from HDFC Credila?
 

Visit the official HDFC Credila website to apply for an education loan, verify your eligibility, send in the necessary paperwork, correctly complete the application, and wait for the loan's approval and disbursement information.

How to check HDFC Credila education loan status?
 

To view the current status of your loan, log in to your account on the HDFC Credila website, go to the 'Loan Status' section, and enter your application number or registered mobile number.

Can GyanDhan help if my loan application is delayed or faces hurdles?
 

Yes, GyanDhan can speak with HDFC Credila's management directly on your behalf to address any problems or delays and make sure the loan application process goes quickly and smoothly.

Check Your Education Loan Eligibility


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