To be eligible for an HDFC Credila education loan, applicants must meet specific criteria. The student must be an Indian national with admission confirmation from a recognized institution abroad. They should have secured admission to a professional or technical course.
A co-applicant, typically a parent or guardian, is mandatory. Both applicant and co-applicant must have a stable financial background to ensure repayment capability. The loan covers tuition fees, living expenses, and other education-related costs. Academic performance and the institution’s reputation may also influence eligibility. Detailed documentation, including admission proof and financial statements, is required for approval.
