Credila Education Loan: Your Gateway to Studying Abroad

Education Loan

Share this blog

Whether you’re heading to the USA or Australia, a Credila loan for study in USA or other global destinations can turn your academic goals into reality. Backed by HDFC Ltd., Credila offers customized education loans designed for students aspiring to study abroad, without the usual financial stress.

Apply Now With Nomad Credit

Why Choose Credila for Your Overseas Education?

Credila offers student-friendly features designed specifically for international study needs:

Tailored loans for top study destinations like the USA and Australia
Attractive Credila education loan interest rate options
Loans without co-signer or collateral in some cases
Direct payment to universities
Flexible repayment tenures

Credila Loan for Study in USA

The United States remains the top choice for Indian students. Credila loan for study in USA supports tuition, living expenses, health insurance, and more. Key benefits include:

Feature	Details
Loan Amount	Up to INR 75 Lakhs (based on profile)
Interest Rate	Competitive floating rates starting around 9% p.a.*
Processing Time	7 – 10 working days
Moratorium	Course duration + 6-12 months
Repayment Tenure	Up to 15 years

*Rates vary based on credit profile, university, and co-applicant.

Education Loan Without Collateral or Co-signer

Students often face hurdles due to lack of collateral or a co-applicant. Credila offers education loan for studying abroad with no co-signer or education loan without collateral for abroad studies for meritorious students attending premium institutions.

Feature	Details
Collateral Requirement	Not required in the case of select high-ranking universities
Co-signer Requirement	Dependent on academic and financial background
Eligible Courses	All courses; mostly STEM and professional degrees at accredited institutions
Loan Amount	Usually up to INR 75 Lakhs (depending on the case)
Interest Rate	A little more than secured loans, depending on profile.
Eligibility Factors	Ranking of the university, student demographics, future earning potential

Role of an Education Loan Consultant

The process of going through with a loan can be daunting. A professional education loan consultant can:

Help you compare loan options
Assist in documentation
Ensure faster approvals
Recommendations of university-specific terms on loans

Nomad Credit connects students with top lenders like Credila, making the entire loan journey seamless and efficient.

Get Credila Loan Support Today

Let Credila and Nomad Credit Guide Your Study Abroad Journey

When deciding to study abroad, it is important to find the appropriate financial partner. Whether you’re exploring Credila for study in Australia or seeking support for universities in the USA and beyond, having a professional consultation can change everything.

Nomad Credit is your one-stop study abroad consultant, which will take you through comparison of loans, eligibility, and expedited applications.

Your international education ambitions have never been as near as they are now with the student-friendly loans offered by Credila and the personalized services of Nomad credit.

Loan Finder

Find Your Best Loan
Options in Minutes

Explore Offers Now

Frequently Asked Questions

What documents are required for a Credila loan?

To apply for a Credila education loan, you typically need your admission letter, academic records, ID and address proof, income documents of the co-applicant, and university cost structure. Additional documents may be requested depending on your profile.

How long does it take to get Credila loan approval?

The approval process generally takes 7 to 10 working days once all required documents are submitted. Faster processing may be available for students joining select universities.

Can I get a loan without a co-applicant?

Yes, Credila offers loans without a co-applicant for students with strong academic profiles and admission to top-tier global universities. These are assessed individually and may carry slightly higher interest rates.

What is the repayment schedule for Credila loans?

Repayment typically begins after the moratorium period, which includes the course duration plus 6-12 months. During the study period, partial interest payments may be required.

Are Credila loans accepted by all foreign universities?

Credila loans are accepted by most accredited institutions in the USA, Australia, Canada, UK, and other countries. It’s always best to verify acceptance with your specific university.

Can I top up my existing Credila loan?

Yes, you may apply for a top-up loan if your current funds are insufficient. Approval depends on your repayment record, academic performance, and updated cost of attendance.