Is HDFC Credila legit?

Dhruv Parmar doesn’t recommend HDFC CREDILA. These are fraud people. Do not take educational loan from them. They commited that all educational expenses will be covered in the education loan and then took the processing fee and then visa got rejected due to insufficient funds by the US consulate.

Is HDFC Credila good for education loan Quora?

HDFC Credila is backed by HDFC Bank so it is safe to take education loans from them. The process is a little complicated and it takes time to get the approval. Among NBFCs their loan approval rate is also low. Interest rates are slightly higher & collateral required.

Is collateral required for HDFC Credila?

4 Lakhs and Rs. 7.5 Lakhs without collateral security for studies in India and Abroad respectively. However, HDFC Credila can offer up to Rs. 20 Lakhs without surety for talented and deserving applicants.

Is HDFC and HDFC Credila same?

What is HDFC Credila? HDFC Credila Financial Services Limited (Formerly known as HDFC Credila Financial Services Private Limited), a Non banking Finance Company, is an HDFC Ltd subsidiary company. HDFC Credila is a specialized lender for student loans and offers education loans for: Studies Overseas.

What is HDFC credila Quora?

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.

Does HDFC credila cover living?

HDFC Credila is the only lender that not only finances upto 100\% of the cost of education but also gives education loan over Rs. 20 lakhs. What’s more, HDFC Credila also covers living to expenses in addition to tuition fee.

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 your review of HDFC Credila?

HDFC Credila is a big time joke and must be avoided at all costs. After you’ve taken loan from them, the customer representative will go on mute and keep increasing the interest rate without any notification and when you call them, they will say cus of inflation and shit.

How good are the services of HDFC creditila Surat?

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. “Fast loan sanction and g…” 4.0/5 “Great!”

Is Credila a good option for education loan?

On the other hand credila offers almost a full loan option,where it pays almost the entire amount and then the student can pay it back after the course has been completed, some say this is not a very good idea to take a full 100\% loan,as paying it back can be difficult.? Hope you like this CREDILA EDUCATION LOAN REVIEW.

What is your review of Credila bank?

Credila is an excellent example of how bad a service can become. I can even admit that if you think that you have seen the worst service till now try credila and your view will change. They don’t communicate basic things like sanction or not and you may miss important deadlines going to this bank.