Rate from
9.75%
Max Amount
₹150L
Tenure
36–180 mo
Processing Fee
1% of loan amount
Product Overview
Everything you need to know about this offer
- HDFC Credila's Education Loan funds higher education in India and abroad, covering tuition, hostel, travel, books, equipment and exam fees.
- Rates start at 9.75% p.a.
- with sanctions up to ₹1.5 crore and tenures up to 15 years post-moratorium.
- The course-plus-12-month moratorium means EMIs begin only after you start working, with the option to service simple interest during the course to reduce capitalisation.
- Collateral-free loans are available up to ₹40 lakh for admissions to a defined list of premier institutions; beyond that, residential property or fixed deposits are accepted as security.
- Parents or guardians act as co-applicants and a margin (10–15%) is required for foreign studies.
- The product comes with a pre-visa sanction letter — essential for student-visa appointments — and tax benefits under Sec 80E let the borrower deduct full interest paid for 8 years from start of repayment.
- DhanLift compares HDFC Credila against 15+ banks and NBFCs so you see differences in spread, moratorium-interest treatment, FX cover and processing fees in one view..
Interest / Features
Offer-level pricing, fees, and core features
Interest range
9.75% - 13%
Reducing balance rate, profile dependent.
Loan amount
₹1L - ₹150L
Available amount range for this offer.
Tenure
36-180 mo
Choose repayment based on EMI comfort.
Processing fee
1% of loan amount + GST
Foreclosure
Nil
Covers tuition, living, travel & equipment
Course + 12-month moratorium
Collateral-free up to ₹40L for premier institutes
Tax benefit Sec 80E for 8 years
Key Benefits
Why thousands choose this specific product
- Covers tuition, living, travel & equipment
- Course + 12-month moratorium
- Collateral-free up to ₹40L for premier institutes
- Tax benefit Sec 80E for 8 years
- Pre-visa sanction letter
- Co-applicant-friendly underwriting
Eligibility Criteria
Check if you qualify before applying
Indian citizen, age 18–35
Confirmed admission to recognised institution
Course of 1+ year leading to a degree/diploma
Co-applicant (parent / guardian / spouse)
Co-applicant with stable income
Documents Required
Keep these ready to speed up your application
Admission / offer letter
KYC of student & co-applicant
Income proof of co-applicant
Academic records (10/12/grad)
Course fee breakup / institute brochure
Collateral docs (for >₹40L)
Interest Rate & Fees
Transparent pricing, no hidden charges
| Interest rate | 9.75% – 13% p.a. (reducing) |
| Processing fee | 1% of loan amount + GST |
| Foreclosure | Nil |
| Margin (India studies) | 5% |
| Margin (abroad) | 15% |
| Moratorium interest | Simple interest, capitalised at EMI start |
* Rates and fees indicative; final pricing depends on credit assessment. All charges exclude GST unless mentioned.
Education Loan EMI Calculator
Estimate your monthly payments instantly
₹5,00,000
11.25 %
36 mo
Principal vs interest15% interest share
PrincipalInterest
Monthly EMI
₹16,429
Total interest
₹91,430
Total payable
₹5,91,430
Indicative only. Actual EMI depends on lender pricing, processing fees, and your credit profile.
Frequently Asked Questions
Quick answers before you apply
Loans up to ₹40 lakh for students admitted to a defined premier-institute list are collateral-free. Beyond that, HDFC Credila requires residential property or FD as security.
After course completion plus a moratorium of up to 12 months — giving you time to find a job before EMIs start.
Yes. US, UK, Canada, Australia, Singapore and most European destinations are funded, including living expenses.
Interest paid is fully deductible under Section 80E for 8 consecutive years from the year repayment starts.
Yes — many students choose to pay simple interest during moratorium to avoid capitalisation, reducing total cost meaningfully.
Yes. The pre-visa sanction is issued within 7 working days of full document submission, in time for visa interviews.
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