Education Loans from HDFC Credila
Get education loan to pursue higher studies and turn your dreams into reality.

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Get education loan to pursue higher studies and turn your dreams into reality.
Kotak Bank has tied up with HDFC Credila - the trusted choice of thousands of students studying across 38 countries, to enable your children’s dreams of pursuing higher education globally.
HDFC Credila is India’s First Dedicated Education Loan Company, having pioneered the concept of offering customised student loans, with a credit scoring model designed specifically for education loans.
With specialised focus on student loans and an in-depth understanding of the requirements of those who wish to pursue higher education, HDFC Credila offers tailor-made solutions with unique features and benefits including no margin money requirement, flexible co-borrower and collateral norms, unsecured loan options, easy EMI options and attractive tax benefits under Section 80E of the Income Tax Act, 1961. Further, students may choose to get their education loan pre-approved even before they apply to universities, thus enabling them to be financially equipped to pursue their education at their dream destination.
HDFC Credila is among the preferred education loan providers, having funded students studying 1500+ different courses across 2500+ universities in 38 countries.
Attractive tax benefits* under Section 80E
Competitive Rate of Interest
Pre-approval also before admission confirmation
Online application* accepted
No margin money
Collateral flexibility
LOAN AMOUNT:
COURSES COVERED:
As on date, HDFC Credila has funded students for 1500+ courses across 2500+ universities and 38 countries, for programmes including:
RATE OF INTEREST (ROI):
Below is a table to illustrate the ROI calculation:
Education Loan Amount (Rs.) |
ROI |
Interest Amount (Rs.) |
Yearly Tax Savings (Rs.) |
Effective Interest paid (Rs.) |
Effective Rate of Interest |
---|---|---|---|---|---|
750,000 |
11.00% |
82,500 |
25,493 |
57,007 |
7.60% |
1,000,000 |
11.00% |
110,000 |
33,990 |
76,010 |
7.60% |
1,500,000 |
11.00% |
165,000 |
50,985 |
114,015 |
7.60% |
2,000,000 |
11.00% |
220,000 |
67,980 |
152,020 |
7.60% |
COSTS COVERED:
TENURE:
The maximum loan repayment tenure is of up to 15 years, including the moratorium period.
COLLATERAL OPTIONS:
So let your child choose the career path their heart desires, we’ve got them covered on the financial front!
Terms and Conditions apply. *The Education Loan facility is offered by HDFC Credila, therefore, the loan terms and conditions, approval and disbursement shall be as per HDFC Credila. Kotak Mahindra Bank Ltd. shall have no responsibility or liability of any kind with respect to Education Loan and other Education Loan linked facility offered by HDFC Credila.
Kotak Remit: Zero documentation required up to USD 25,000. A resident individual can remit up to USD 25,000 or equivalent per day through online. Overall limit will be USD 250,000 or equivalent in a financial year under the Libersalised Remittance Scheme (LRS).
Forex Card: Cross currency markup fee will not be applicable for same currency transaction. A customer can load upto USD 2000 or equivalent per transaction and upto USD 5000 or equivalent per financial year, digitally through Net/Mobile banking.
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