From dreams to degrees- Education loans empower
your study abroad journey
Let’s make your overseas education journey smooth and successful
From dreams to degrees: Education loans empower
your study abroad journey
Let’s make your overseas education journey smooth and successful.
Benefits of an education loan
Note: Please note that all the above-mentioned criteria can vary depending on the student’s profile, university, and course.
Education loan process
The borrower applies to a lender, providing information about their financial situation and the specific educational institution or program they plan to attend.
The lender reviews the application and, if approved, offers a loan with terms and conditions, such as interest rates, repayment options, and the total loan amount.
Once the borrower accepts the loan, the lender disburses the funds to the educational institution to cover the educational expenses.
The student uses the loan to pay for tuition, books, living expenses, and other related costs while pursuing their education.
Many education loans offer a grace period after graduation, during which borrowers do not have to make payments. This grace period varies by loan and lender.
Repayment of the loan typically begins after the borrower finishes their education. Depending on the type of loan, the borrower may have various repayment options.
An education loan or study loan serves as a solution to extend monetary assistance to students aspiring to study abroad but are held back due to financial constraints. Various banks (government, private, or cooperative) and NBFCs offer general and specialized education loans to meet all students’ needs.
While education in general is getting expensive, it becomes harder for aspirants to pursue their higher education in reputable academic institutions. Hence, our banks come into the frame and extend various types of education loans along with government-driven subsidy schemes to promote international students
Each student’s educational experience is unique. That’s why, we bring you competitive education to cater to your specific needs. Our education loan partners offer both collateral and collateral-free education loans. Whether you seek financial flexibility without pledging assets or prefer a traditional secured option, we’ve got you covered. Explore our tailored education loan solutions here!
HDFC Credila, an HDFC Ltd. company, is India’s First Dedicated Education Loan Company. HDFC Credila specializes in customized education loans home delivered! Students can get their education loan pre-approved even before they start applying to universities. With this, HDFC Credila enables students to pursue higher education in their dream institutions! Thus, students don’t have to downsize their dreams!
Secure flexible international student loans from Prodigy Finance. You can travel across the world to get a top-tier master’s degree – without worrying about collateral or a co-signer. Access international student finance that gives you choice, control, and repayments based on your future earning potential.
Receive alerts on the latest overseas education developments, universities, courses, exams, and much more!
A borrower in the context of an education loan is an individual student who is seeking financial assistance to fund his/ her. Education loans, also known as student loans, are typically provided by banks, financial institutions, or government programs to help cover the costs of tuition, books, fees, and other educational expenses.
A co-borrower that signs the education loan application and loan agreement with the primary loan applicant. Co-applicant is necessary for an education loan as the financial lender will turn to them if the primary applicant fails to repay it in case of unforeseen circumstances.
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