The initial deposit for HDFC Credila depends on the type of education loan and the lender’s policies. Generally, HDFC Credila does not mandate a specific initial deposit for loan approval. However, borrowers may need to pay processing fees, which typically range from 1% to 2% of the loan amount, along with applicable taxes.
Some loans may require collateral or a margin money contribution, where the borrower covers 5%–15% of the total expenses. It’s advisable to check HDFC Credila’s latest terms or consult their customer support for precise details tailored to your loan requirements.
