{"id":301,"date":"2021-04-06T13:36:26","date_gmt":"2021-04-06T13:36:26","guid":{"rendered":"https:\/\/www.eduloans.org\/blogs\/?p=301"},"modified":"2024-08-11T13:41:28","modified_gmt":"2024-08-11T13:41:28","slug":"what-is-the-interest-rate-for-education-loan-in-hdfc-credila","status":"publish","type":"post","link":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/","title":{"rendered":"What is the interest rate for education loan in HDFC Credila?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-302 size-large\" src=\"http:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2021\/04\/HDFC-Education-Loan-1024x682.jpg\" alt=\"What is the interest rate for education loan in HDFC Credila?\" width=\"790\" height=\"526\" srcset=\"https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2021\/04\/HDFC-Education-Loan-1024x682.jpg 1024w, https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2021\/04\/HDFC-Education-Loan-300x200.jpg 300w, https:\/\/www.eduloans.org\/blogs\/wp-content\/uploads\/2021\/04\/HDFC-Education-Loan-768x512.jpg 768w\" sizes=\"(max-width: 790px) 100vw, 790px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-69f4b5b78b255\" ><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-69f4b5b78b255\"  type=\"checkbox\" id=\"item-69f4b5b78b255\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#HDFC_Credila_Education_Loan_%E2%80%93_Know_the_Interest_Rates_and_Eligibility\" title=\"HDFC Credila Education Loan &#8211; Know the Interest Rates and Eligibility\">HDFC Credila Education Loan &#8211; Know the Interest Rates and Eligibility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#HDFC_Credila_education_loan_through_EduLoans\" title=\"HDFC Credila education loan through EduLoans\">HDFC Credila education loan through EduLoans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#i\" title=\"\u00a0\">\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#FAQs_HDFC_Credila_Education_Loan\" title=\"FAQ&#8217;s HDFC Credila Education Loan\">FAQ&#8217;s HDFC Credila Education Loan<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"HDFC_Credila_Education_Loan_%E2%80%93_Know_the_Interest_Rates_and_Eligibility\"><\/span>HDFC Credila Education Loan &#8211; Know the Interest Rates and Eligibility<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Overseas education loan come into picture when students desire to cherish their dream of studying abroad and making a career. Undoubtedly, it could be one of the key decisions of your life, which can completely help you make your life better. While there are many options to consider for overseas education loan, \u00a0HDFC Credila education loan is a desired choice among NBFCs as it was the first NBFC to pioneer in unsecured loans for students looking to go to USA. EduLoans provides overseas education loan for Credila through its dedicated \u00a0loan guidance counsellors which caters to each student with dedicated attention to get him the best deal from HDFC Credila. If you are here for knowing about the <a href=\"https:\/\/www.eduloans.org\/hdfc-foreign-education-loan\">\u00a0HDFC Credila education loan<\/a>, the table below will assist you in learning about each detail.<\/p>\n<table style=\"width: 100%; height: 2145px;\">\n<tbody>\n<tr style=\"height: 23px;\">\n<td style=\"height: 23px; text-align: left;\" width=\"301\"><strong>Parameters<\/strong><\/td>\n<td style=\"height: 23px; text-align: left;\" width=\"301\"><strong>HDFC Credila Education Loan<\/strong><\/td>\n<\/tr>\n<tr style=\"height: 46px;\">\n<td style=\"height: 46px; text-align: left;\" width=\"301\">Loan Amount<\/td>\n<td style=\"height: 46px; text-align: left;\" width=\"301\">Secured : Any amount<br \/>Unsecured : Upto 35-40 Lakhs<\/td>\n<\/tr>\n<tr style=\"height: 147px;\">\n<td style=\"height: 147px; text-align: left;\" width=\"301\">%age of Loan Against Collateral Provided<\/td>\n<td style=\"height: 147px; text-align: left;\" width=\"301\">100 % of Property Value<br \/>(Exception for higher amount possible)<br \/>200 % of FD Value<br \/>(Case to Case basis)<\/td>\n<\/tr>\n<tr style=\"height: 293px;\">\n<td style=\"height: 293px; text-align: left;\" width=\"301\">Collateral Property (Details)<\/td>\n<td style=\"height: 293px; text-align: left;\" width=\"301\">Chain Agreemnet, Registered Sale Agreement, Occupancy Certificate \/ Completion Certificate or<br \/>Approved Building Plan (Naksha), Share Certificate <span style=\"font-size: revert; font-family: inherit; font-weight: inherit; color: initial;\">(Front &amp; Back Side) <\/span><span style=\"font-size: revert; font-family: inherit; font-weight: inherit; color: initial;\">Flexibility on any of the missing docs (Case To Case) <\/span><span style=\"font-size: revert; font-family: inherit; font-weight: inherit; color: initial;\">Once reviews by Legal Team<\/span><\/td>\n<\/tr>\n<tr style=\"height: 390px;\">\n<td style=\"height: 390px; text-align: left;\" width=\"301\">Consideration On The Basis Of<\/td>\n<td style=\"height: 390px; text-align: left;\" width=\"301\">Secured :Property (Non Agricultural Land)<br \/>Multi City Collateral Acceptable FD&#8217;s (Only HDFC Ltd.)\n<p>Unsecured : Academics of the student Competitive Exams Performance (GRE \/ TOEFL \/ IELTS etc.)<br \/>Country, University &amp; Course Applied and<br \/>Co-Signor&#8217;s Financials (IT Returns &amp; Cibil Report)<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 23px;\">\n<td style=\"height: 23px; text-align: left;\" width=\"301\">Student Profile<\/td>\n<td style=\"height: 23px; text-align: left;\" width=\"301\">Flexibility (Case to Case)<\/td>\n<\/tr>\n<tr style=\"height: 23px;\">\n<td style=\"height: 23px; text-align: left;\" width=\"301\">Incidental Cost<\/td>\n<td style=\"height: 23px; text-align: left;\" width=\"301\">NA<\/td>\n<\/tr>\n<tr style=\"height: 91px;\">\n<td style=\"height: 91px; text-align: left;\" width=\"301\">Interest Rate (ROI)<\/td>\n<td style=\"height: 91px; text-align: left;\" width=\"301\">Secured :11.25 % to 11.75 % (Negotiable)\n<p>Unsecured :11.75 % to 12.75 % (Negotiable)<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 147px;\">\n<td style=\"height: 147px; text-align: left;\" width=\"301\">Interest Paying During Moratorium Period<\/td>\n<td style=\"height: 147px; text-align: left;\" width=\"301\">(Flexibility Available)<br \/>Partial Interest amount payable as per Amount\n<p>Disbursed in Tranches<br \/>Multiple repayment Options<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 115px;\">\n<td style=\"height: 115px; text-align: left;\" width=\"301\">Moratorium Period<\/td>\n<td style=\"height: 115px; text-align: left;\" width=\"301\">EMI&#8217;s start after 1 Year post the completion of course<br \/>(Can choose to pay earlier to save Interest)<\/td>\n<\/tr>\n<tr style=\"height: 142px;\">\n<td style=\"height: 142px; text-align: left;\" width=\"301\">Income Tax Benefit Under Section 80E<\/td>\n<td style=\"height: 142px; text-align: left;\" width=\"301\">Yes (Benefit to Co-Signor)\n<p>(I.T. to be paid only on Overall Income (Less) Interest Amount)<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 23px;\">\n<td style=\"height: 23px; text-align: left;\" width=\"301\">Processing Fees<\/td>\n<td style=\"height: 23px; text-align: left;\" width=\"301\">1.00 % + GST (Non Refundable)<\/td>\n<\/tr>\n<tr style=\"height: 142px;\">\n<td style=\"height: 142px; text-align: left;\" width=\"301\">Turn Around Time (TAT)<\/td>\n<td style=\"height: 142px; text-align: left;\" width=\"301\">Secured : Approx. 8-10 Working Days\n<p>Unsecured : Approx. 4-6 Working Days<br \/>(Post Submission Of All Documents)<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 142px;\">\n<td style=\"height: 142px; text-align: left;\" width=\"301\">Margin Money<\/td>\n<td style=\"height: 142px; text-align: left;\" width=\"301\">Secured &amp; Unsecured : 0 % i.e. 100 % Funding of Sanction<\/td>\n<\/tr>\n<tr style=\"height: 142px;\">\n<td style=\"height: 142px; text-align: left;\" width=\"301\">Co-Signor&#8217;s Profile Requirement<\/td>\n<td style=\"height: 142px; text-align: left;\" width=\"301\">I.T. Returns (Last 2 Yrs. &#8211; Mandatory) &amp;Cibil Report<\/td>\n<\/tr>\n<tr style=\"height: 142px;\">\n<td style=\"height: 142px; text-align: left;\" width=\"301\">Maximum Repayment Tenure<\/td>\n<td style=\"height: 142px; text-align: left;\" width=\"301\">Upto 14 Years (From date of 1st Disbursement)<\/td>\n<\/tr>\n<tr style=\"height: 23px;\">\n<td style=\"height: 23px; text-align: left;\" width=\"301\">Additional Charges<\/td>\n<td style=\"height: 23px; text-align: left;\" width=\"301\">No<\/td>\n<\/tr>\n<tr style=\"height: 91px;\">\n<td style=\"height: 91px; text-align: left;\" width=\"301\">Countries They Do Funding For<\/td>\n<td style=\"height: 91px; text-align: left;\" width=\"301\">All Countries MBBS Courses abroad &amp; Pilot Courses not funded<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"HDFC_Credila_education_loan_through_EduLoans\"><\/span>HDFC Credila education loan through EduLoans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>EduLoans recommends <a href=\"https:\/\/www.eduloans.org\/hdfc-foreign-education-loan\">HDFC Credila education loan<\/a> to students who are considering NBFC options to fund their education. Some of the key benefits offered ae-<\/p>\n<ul>\n<li>No margin money<\/li>\n<li>Tax benefit under Section 80-E of Income Tax Act<\/li>\n<li>Zero upper limits the loan amount<\/li>\n<li>Flexibility with the requirements of collateral security<\/li>\n<li>Pre-approved loan even before applying to Universities<\/li>\n<\/ul>\n<p>Eduloans works very closely with HDFC Credila education loan department and gets the best deal available for your overseas education option. We have done over 1000+ cases with HDFC Credila with an overall rating of 4.9 on google. Please reach us through our website. &#8211;\u00a0 <a href=\"http:\/\/www.eduloans.org\">www.eduloans.org<\/a> to get the best deal for <a href=\"https:\/\/www.eduloans.org\">Overseas education loan<\/a>.<\/p>\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50\"><a class=\"wp-block-button__link has-background has-text-align-center wp-element-button\" href=\"https:\/\/www.eduloans.org\/user\/register\" style=\"background-color:#ff9900\" target=\"_blank\" rel=\"noreferrer noopener\">Contact Us<\/a><\/div>\n<\/div>\n\n\n\n<h2><span class=\"ez-toc-section\" id=\"i\"><\/span>\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_HDFC_Credila_Education_Loan\"><\/span>FAQ&#8217;s HDFC Credila Education Loan<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><span style=\"border: 0px solid rgb(217, 217, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 \/ 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; color: var(--tw-prose-bold); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">1. What is the interest rate for HDFC Credila education loans?<\/span><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px; font-weight: 400;\"> <\/span><\/strong> <p class=\"schema-faq-answer\"><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">HDFC Credila offers competitive interest rates ranging from 11.25% to 11.75% for secured loans and 11.75% to 12.75% for unsecured loans. The rates are negotiable based on individual profiles.<\/span><p><font color=\"#374151\" face=\"S\u00f6hne, ui-sans-serif, system-ui, -apple-system, Segoe UI, Roboto, Ubuntu, Cantarell, Noto Sans, sans-serif, Helvetica Neue, Arial, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol, Noto Color Emoji\"><span style=\"font-size: 16px;\"><\/span><\/font><\/p><\/p> <\/div> <div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><span style=\"border: 0px solid rgb(217, 217, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 \/ 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; color: var(--tw-prose-bold); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">2. What are the maximum loan amounts for secured and unsecured options?<\/span><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px; font-weight: 400;\"> <\/span><\/strong> <p class=\"schema-faq-answer\"><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">Secured loans have no upper limit, while unsecured loans offer funding up to 35-40 Lakhs, providing flexibility for various educational expenses.<\/span><p><font color=\"#374151\" face=\"S\u00f6hne, ui-sans-serif, system-ui, -apple-system, Segoe UI, Roboto, Ubuntu, Cantarell, Noto Sans, sans-serif, Helvetica Neue, Arial, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol, Noto Color Emoji\"><span style=\"font-size: 16px;\"><\/span><\/font><\/p><\/p> <\/div> <div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><span style=\"border: 0px solid rgb(217, 217, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 \/ 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; color: var(--tw-prose-bold); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">3. What collateral options are accepted for HDFC Credila education loans?<\/span><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px; font-weight: 400;\"> <\/span><\/strong> <p class=\"schema-faq-answer\"><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">Collateral options include property (non-agricultural land), multi-city collateral, and fixed deposits (only HDFC Ltd.), with flexibility in case of missing documents.<\/span><p><font color=\"#374151\" face=\"S\u00f6hne, ui-sans-serif, system-ui, -apple-system, Segoe UI, Roboto, Ubuntu, Cantarell, Noto Sans, sans-serif, Helvetica Neue, Arial, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol, Noto Color Emoji\"><span style=\"font-size: 16px;\"><\/span><\/font><\/p><\/p> <\/div> <div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><span style=\"border: 0px solid rgb(217, 217, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 \/ 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; color: var(--tw-prose-bold); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">4. What factors are considered for loan approval in the case of unsecured loans?<\/span><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px; font-weight: 400;\"> <\/span><\/strong> <p class=\"schema-faq-answer\"><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">HDFC Credila considers academics, competitive exam performance (GRE\/TOEFL\/IELTS), chosen country, university, course, and co-signor&#8217;s financials (IT returns &amp; CIBIL report) for unsecured loans.<\/span><p><font color=\"#374151\" face=\"S\u00f6hne, ui-sans-serif, system-ui, -apple-system, Segoe UI, Roboto, Ubuntu, Cantarell, Noto Sans, sans-serif, Helvetica Neue, Arial, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol, Noto Color Emoji\"><span style=\"font-size: 16px;\"><\/span><\/font><\/p><\/p> <\/div> <div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><span style=\"border: 0px solid rgb(217, 217, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 \/ 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; color: var(--tw-prose-bold); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">5. When does the repayment period start, and what are the options?<\/span><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px; font-weight: 400;\"> <\/span><\/strong> <p class=\"schema-faq-answer\"><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">Repayment begins one year post the course completion. There&#8217;s flexibility to start earlier to save on interest. Multiple repayment options are available, and HDFC Credila offers up to 14 years for repayment.<\/span><p><font color=\"#374151\" face=\"S\u00f6hne, ui-sans-serif, system-ui, -apple-system, Segoe UI, Roboto, Ubuntu, Cantarell, Noto Sans, sans-serif, Helvetica Neue, Arial, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol, Noto Color Emoji\"><span style=\"font-size: 16px;\"><\/span><\/font><\/p><\/p> <\/div> <div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><span style=\"border: 0px solid rgb(217, 217, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 \/ 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; color: var(--tw-prose-bold); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">6. Is there an income tax benefit under Section 80E, and who receives the benefit?<\/span><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px; font-weight: 400;\"> <\/span><\/strong> <p class=\"schema-faq-answer\"><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">Yes, there is an income tax benefit under Section 80E, benefiting the co-signor. Income tax is paid on the overall income less the interest amount.<\/span><p><font color=\"#374151\" face=\"S\u00f6hne, ui-sans-serif, system-ui, -apple-system, Segoe UI, Roboto, Ubuntu, Cantarell, Noto Sans, sans-serif, Helvetica Neue, Arial, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol, Noto Color Emoji\"><span style=\"font-size: 16px;\"><\/span><\/font><\/p><\/p> <\/div> <div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><span style=\"border: 0px solid rgb(217, 217, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 \/ 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; color: var(--tw-prose-bold); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">7. What is the processing fee for HDFC Credila education loans?<\/span><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px; font-weight: 400;\"> <\/span><\/strong> <p class=\"schema-faq-answer\"><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">The processing fee is 1.00% + GST, and it is non-refundable.<\/span><p><font color=\"#374151\" face=\"S\u00f6hne, ui-sans-serif, system-ui, -apple-system, Segoe UI, Roboto, Ubuntu, Cantarell, Noto Sans, sans-serif, Helvetica Neue, Arial, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol, Noto Color Emoji\"><span style=\"font-size: 16px;\"><\/span><\/font><\/p><\/p> <\/div> <div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><span style=\"border: 0px solid rgb(217, 217, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 \/ 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; color: var(--tw-prose-bold); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">8. What is the turnaround time for loan processing?<\/span><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px; font-weight: 400;\"> <\/span><\/strong> <p class=\"schema-faq-answer\"><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">For secured loans, the processing time is approximately 8-10 working days, and for unsecured loans, it is around 4-6 working days, post submission of all documents.<\/span><p><font color=\"#374151\" face=\"S\u00f6hne, ui-sans-serif, system-ui, -apple-system, Segoe UI, Roboto, Ubuntu, Cantarell, Noto Sans, sans-serif, Helvetica Neue, Arial, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol, Noto Color Emoji\"><span style=\"font-size: 16px;\"><\/span><\/font><\/p><\/p> <\/div> <div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><span style=\"border: 0px solid rgb(217, 217, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 \/ 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; color: var(--tw-prose-bold); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">9. Are there any additional charges associated with HDFC Credila education loans?<\/span><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px; font-weight: 400;\"> <\/span><\/strong> <p class=\"schema-faq-answer\"><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">No, there are no additional charges beyond the processing fee.<\/span><p><font color=\"#374151\" face=\"S\u00f6hne, ui-sans-serif, system-ui, -apple-system, Segoe UI, Roboto, Ubuntu, Cantarell, Noto Sans, sans-serif, Helvetica Neue, Arial, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol, Noto Color Emoji\"><span style=\"font-size: 16px;\"><\/span><\/font><\/p><\/p> <\/div> <div class=\"schema-faq-section\"><strong class=\"schema-faq-question\"><span style=\"border: 0px solid rgb(217, 217, 227); box-sizing: border-box; --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgb(59 130 246 \/ 0.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; color: var(--tw-prose-bold); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px;\">10. Which countries does HDFC Credila fund education for, and are there any exclusions?<\/span><span style=\"color: rgb(55, 65, 81); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 16px; font-weight: 400;\"> <\/span><\/strong> <p class=\"schema-faq-answer\"><span style=\"font-size: revert; color: var(--tw-prose-body); font-family: S\u00f6hne, ui-sans-serif, system-ui, -apple-system, &quot;Segoe UI&quot;, Roboto, Ubuntu, Cantarell, &quot;Noto Sans&quot;, sans-serif, &quot;Helvetica Neue&quot;, Arial, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;;\">HDFC Credila funds education for all countries, excluding MBBS courses abroad and pilot courses. EduLoans recommends HDFC Credila for its numerous benefits, including zero margin money, tax benefits, and pre-approved loans.<\/span><\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>HDFC Credila Education Loan &#8211; Know the Interest Rates and Eligibility Overseas education loan come into picture when students desire&hellip; <\/p>\n","protected":false},"author":5,"featured_media":302,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[62,22],"class_list":["post-301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan","tag-credila-education-loa","tag-overseas-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.2 (Yoast SEO v23.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is the interest rate for education loan in HDFC Credila? - Education Loans Blog - 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What factors are considered for loan approval in the case of unsecured loans?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"HDFC Credila considers academics, competitive exam performance (GRE\/TOEFL\/IELTS), chosen country, university, course, and co-signor's financials (IT returns & CIBIL report) for unsecured loans.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199766781\",\"position\":5,\"url\":\"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199766781\",\"name\":\"5. When does the repayment period start, and what are the options?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Repayment begins one year post the course completion. There's flexibility to start earlier to save on interest. 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What is the processing fee for HDFC Credila education loans?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The processing fee is 1.00% + GST, and it is non-refundable.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199790222\",\"position\":8,\"url\":\"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199790222\",\"name\":\"8. What is the turnaround time for loan processing?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"For secured loans, the processing time is approximately 8-10 working days, and for unsecured loans, it is around 4-6 working days, post submission of all documents.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199804007\",\"position\":9,\"url\":\"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199804007\",\"name\":\"9. 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What is the interest rate for HDFC Credila education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"HDFC Credila offers competitive interest rates ranging from 11.25% to 11.75% for secured loans and 11.75% to 12.75% for unsecured loans. The rates are negotiable based on individual profiles.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199726974","position":2,"url":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199726974","name":"2. 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What collateral options are accepted for HDFC Credila education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Collateral options include property (non-agricultural land), multi-city collateral, and fixed deposits (only HDFC Ltd.), with flexibility in case of missing documents.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199755990","position":4,"url":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199755990","name":"4. What factors are considered for loan approval in the case of unsecured loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"HDFC Credila considers academics, competitive exam performance (GRE\/TOEFL\/IELTS), chosen country, university, course, and co-signor's financials (IT returns & CIBIL report) for unsecured loans.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199766781","position":5,"url":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199766781","name":"5. When does the repayment period start, and what are the options?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Repayment begins one year post the course completion. There's flexibility to start earlier to save on interest. Multiple repayment options are available, and HDFC Credila offers up to 14 years for repayment.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199772671","position":6,"url":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199772671","name":"6. Is there an income tax benefit under Section 80E, and who receives the benefit?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, there is an income tax benefit under Section 80E, benefiting the co-signor. Income tax is paid on the overall income less the interest amount.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199781374","position":7,"url":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199781374","name":"7. What is the processing fee for HDFC Credila education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The processing fee is 1.00% + GST, and it is non-refundable.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199790222","position":8,"url":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199790222","name":"8. What is the turnaround time for loan processing?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"For secured loans, the processing time is approximately 8-10 working days, and for unsecured loans, it is around 4-6 working days, post submission of all documents.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199804007","position":9,"url":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199804007","name":"9. Are there any additional charges associated with HDFC Credila education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"No, there are no additional charges beyond the processing fee.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199813389","position":10,"url":"https:\/\/www.eduloans.org\/blogs\/what-is-the-interest-rate-for-education-loan-in-hdfc-credila\/#faq-question-1702199813389","name":"10. Which countries does HDFC Credila fund education for, and are there any exclusions?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"HDFC Credila funds education for all countries, excluding MBBS courses abroad and pilot courses. EduLoans recommends HDFC Credila for its numerous benefits, including zero margin money, tax benefits, and pre-approved loans.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/posts\/301"}],"collection":[{"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/comments?post=301"}],"version-history":[{"count":6,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/posts\/301\/revisions"}],"predecessor-version":[{"id":1201,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/posts\/301\/revisions\/1201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/media\/302"}],"wp:attachment":[{"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/media?parent=301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/categories?post=301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eduloans.org\/blogs\/wp-json\/wp\/v2\/tags?post=301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}