Overview of Credila
Credila is an HDFC Ltd. Company, specializing in education loans. HDFC or Housing Development Finance Corporation Ltd. was one of the pioneers of the housing finance market in India since its establishment in 1977. It has a strong customer base and launched Credila to specifically offer the much-in-demand scheme of education loans in the country. Credila is India’s first ever education loan providing company and specifically focuses on loan for courses. The company provides loan to the person who wants to pursue a higher education from recognized educational institutions from abroad or within India. The primary focus of Credila education loans is to contribute towards transforming lives and helping build the nation.
Credila has done a rigorous market research of the education industry to build its database for the requirements and resources and processes required for providing proper loans to the students. It has a proper setup designed to provide the maximum benefits to the student. The company works close to the students and parents to provide proper student loan schemes to them. Credila has a loan packages prepared according to the needs of the students. Credila uses its specialized focus along with in depth understanding of the needs of students who intend to pursue professional course study in India to offer customised education loans delivered to home. It provides convenient services which are faster and simpler.
Generally students face number of problems while applying for the student loan scheme from banks like:
- There is no flexibility in education loans provided by the banks.
- Total amount of fees is not covered by the banks. The margin money needs to be paid by the students.
- The students face problem if value of the security given does not match the amount of loan required.
- The challenge of proving the credibility of the chosen University or college.
- Acquiring of loan approval letter to apply for the Visa.
- Overseas repayment facility of the loan.
- The non-availability of online repayment facility of the loan.
The students who are planning of education abroad have to make a vast research and planning to make a proper choice of the courses and educational institutions. Lots of time is devoted in making a proper choice and have to go through the pile and pile of paper work. But Credila has made it easy for them. It has tied up with lots of Universities and educational institutions in India or abroad and has compiled a database of their advice and has made the task easier for the students. The students can make a critical decision and plan their future.
Credila has now become the most trustworthy name in the field of student loan scheme.
Credila has become a brand serving the purpose of education loan “Transforming Lives and Building the Nation”.
Credila has funded the higher education of the students both in India and abroad. Unlike banks the students can get their loans pre-approved even before getting the admission confirmed with any University. The pre-approval of the student loan scheme enables the students to choose their dream field and the Universities and colleges they wished to study.
Credila has funded thousands and thousands of students from India to get admissions in 4100 plus Universities over 35 countries.