Credila
Education Loan

Applicant Type

Indian students (domestic or abroad studies) with a mandatory co-applicant—typically a parent, guardian, or spouse. Eligibility is subject to Credila's credit and underwriting norms.

Admission

Must have secured admission to a recognized Indian or foreign university/institution through entrance exam or merit-based selection

Age Limit

Borrower must be at least 16 years old.

Loan Coverage & Security

Credila offers 100% coverage of educational expenses—tuition, living costs, materials, travel, etc.

USP

Funded over 2.26 lakh+ students across 5,200+ universities in 64 countries (as of March 2025)

Income Proof

Must show regular income (salary slips, ITR, etc.) to support repayment

Documents Required & Application Process

Student Documents

  • KYC Proof: Aadhaar, PAN, Passport, Voter ID, or Driving License

  • Admission Proof: Admission letter / offer letter from university or college

  • Fee Structure: Detailed cost of education from the institution

  • Academic Records: Mark sheets & certificates (10th, 12th, graduation, entrance exam scores, etc.)

  • Passport & Visa: Mandatory for overseas education

  • Photographs: Passport-size photos

Co-applicant (Parent/Guardian/Spouse) Documents

  • KYC Proof: Aadhaar, PAN, Passport, Voter ID, or Driving License

  • Relationship Proof: Document showing relation with student (e.g., birth certificate, passport, ration card, marriage certificate)

  • Income Proof (any one of the following):

    • Salaried: Last 3 months’ salary slips, Form 16, latest 2 years’ ITR, latest 6 months’ bank statement

    • Self-employed: ITR for last 2 years, business proof, bank statements

  • Property Documents (only for secured loans): Title deed, property papers, valuation, etc.