Is HDFC Credila good or bad?

0.5 4.5/5 “Excellent!” VERY GOOD SERVICES FROM HDFC CREDILA SURAT , VERY SUPPORTIVE, MANAGER MR. PRATIK VASHI HELPED A LOT & WAS VERY CO-OPERATIVE, VERY SMOOTH LOAN PROCESSING & DISBURSEMENT, ALSO PROPER AFTER SALES SERVICE, NO COMPLAINTS, A VERY GOOD & MEMORABLE SERVICE EXPERIENCE FROM THEM. 0.5 4.0/5 “Great!”

Is HDFC Credila good for education loan Quora?

HDFC Credila is a good firm to provide education loans. Also, they are quick to respond and resolve queries. Most importantly, they have provided really good services even during lockdown period. I would suggest you to never ever consider HDFC Credila for education loan.

Is HDFC Credila authentic?

Absolutely not! HDFC Credila is a Non-Bank Finance Company. HDFC Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Private Limited) is a part of the HDFC Group Companies, and itself gives education loans.

What is HDFC credila origination fee?

The processing fee of the HDFC Credila education loan is around 1 \% to 1.25\% of the loan amount.

Is HDFC credila simple interest?

HDFC Credila offers simple interest rates. Compounding of interest adds financial burden and unnecessarily parents and students have to bear a large burden of interest on interest.

Is HDFC credila accepted for UK visa?

Embassy accepting HDFC Credila Education Loan: An overseas education loan from HDFC Credila is the only NBFC that is accepted by all the country embassies. Right from USA, UK, Canada, Australia, New Zealand, Germany the education loan from HDFC Credila is accepted by all the major study overseas destinations.

Is credila regulated by RBI?

The Company is registered with the Reserve Bank of India (RBI) as a systemically important non- deposit taking non-banking financial institution. The Company is India’s first dedicated education loan company.

What is HDFC Credila origination fee?

How much time does HDFC credila take?

The in-principal sanction letter would be given in about 7 to 10 days from the date of receipt of completed Application Form along with the supporting documents from the customer.

How does HDFC credila loan work?

HDFC Credila’s unique education loan offers the flexibility of paying only simple interest (PEMI) during the course period and principle plus interest (EMI) after the completion of studies and grace period.

Which is the first dedicated education loan lender in India?

HDFC Credila is India’s First Dedicated Education Loan Lender. HDFC Credila is a subsidiary company of HDFC Ltd. Education loan from HDFC Credila provides you income tax benefits under Section 80(E) of Income Tax Act of India.

How to apply for education loan from HDFC Credila?

Student: To provide a completed Education Loan Application form with all the required supporting documents ( Note: Students can apply to HDFC Credila for Education Loan even before confirmed admission. )

Which is the best NBFC for an education loan?

Credila is a good option but they don’t provide 100\% coverage & the interest rates are higher among NBFCs. SBI is a public sector bank, public banks offer education loans at a lower rate of interest but they need collaterals and you have to pay a certain percentage of the tuition fees that is margin money.

How does hdhdfc Credila charge interest during the study period?

HDFC Credila charges simple floating interest during the study period. If the student profile is good, there is an option to pay partial simple interest. The interest payments start immediately after disbursement of the loan amount. The EMI starts after the course period + 6 months.