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Credila

Credila Education Loan

  • 100% Collateral-free Funding
  • Competitive & Fixed Interest Rates
  • Minimal Documentation
  • Hassle-free Process

Free Education Loan Assistance from Top Education Loan Lenders in India.

Interest Rate Starting From 9.99%

Loan Amount Upto 1.5 Crore

Process Fees 5,000 + Gst

How Credila Education Loan Abroad Works?

Credila offers tailor-made Education Loan solutions with unique features and benefits. Here’s how their abroad Education Loan works:

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You can apply before getting admission
Both secured and unsecured loans are available
Covers full cost, including tuition, living expenses, travel, and more
Personalised loan amount based on your university, GRE score, and co-applicant profile

Credila Education Loan for Abroad Studies

Planning to study overseas but concerned about the costs? Don’t worry. Spoctree is here to help. With multiple lenders available on one platform, you can compare, apply, and get your education loan for abroad studies without any confusion. Credila is the first non-banking financial company (NBFC) in India to specialise in Education Loans. The Company is one of the pioneers offering customised Education Loan solutions. Let’s look at the Credila Education Loan for abroad studies in detail.

Features of Getting an Unsecured Credila Education Loan Abroad

  • Loan Amount: Based on student needs (unsecured loan of up to INR 75 lakh to eligible applicants)
  • Interest Rate:
    • Floating:
      • Secured Loans starting from 9.99%* p.a.
      • Unsecured Loans starting from 11.25%* p.a.
    • Fixed:
      • For Loans with tenure up to 5 years – 1% above floating rate*
      • For Loans with tenure of 5 years or more – 1.5% above floating rate*
  • Tenure: Up to 15 years
  • Approval before admission is possible

Benefits of Getting a Credila Education Loan Abroad from Spoctree

  • Quick Eligibility Check: Use Spoctree’s free tool to find your best lender match instantly
  • Low Processing Time: Get faster loan approvals in 5–7 days with Spoctree’s support
  • Dedicated Advisor Support: Our expert team helps you with document prep, lender coordination, and negotiation
  • Free Service: Spoctree offers 100% free guidance for Credila Education Loans
  • Better Loan Deals: We help you secure the most competitive terms

Eligibility for Credila Education Loan for Abroad Study

Criteria Details
Who Can Apply Students pursuing higher education in India or abroad can apply.
Academic Qualifications Must have prior education required for UG or PG programmes
Eligible Courses All courses*
Eligible Institutions All Universities, Colleges, and Vocational Institutes*

How to Apply for a Credila Abroad Education Loan?

  • Check Eligibility on Spoctree: Fill out basic details to see if you qualify
  • Get Expert Guidance: Spoctree advisors help you understand your best options
  • Upload Documents: Submit KYC, income, admission, and academic docs digitally
  • Loan Sanction & Disbursement: Once approved, you receive the sanction letter and disbursement begins as per your university’s schedule
Apply Now

Frequently Asked Question

The interest rate for Credila Education Loans typically starts at 9.99% per annum for floating-rate secured loans. The final rate depends on your GRE score, academic background, course, university, and co-applicant profile.
If all documents are in order, Credila can approve your Education Loan in 5 to 7 working days. Using Spoctree’s advisor support can help speed up the process.
Yes, the interest paid on Credila Education Loans can be claimed as a tax deduction.
Yes, you are expected to pay simple interest during your study period and moratorium. Full EMI starts after the course completion.
For loans without collateral, the interest rate ranges from 11.25% on a floating interest rate.