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Education Loans for IFBI Programs 

For the benefit of prospective students ,IFBI has tied up with Credila Financial Services Pvt. Ltd. (“Credila”) to make easy education loan available to the students.Upto 100% of the Program Fees can be availed as Education Loan from Credila to enable participants the repayment is spread over 12 months to  maximum 60 months. However the applicants shall be eligible for  loans as per the norms specified by  Credila.* 

Credila






About Credila

Credila Financial Services is a Subsidiary of Housing Development Finance Corporation Limited (HDFC)  and is the only lender which is exclusively focused on Education Loans. Credila's objective is to be India's leading Originator/Lender and servicer of student loans. Credila participates in all phases of the student loan process from origination, underwriting through servicing, and collection. 

 

Given below are the benefits of the scheme.
  • All courses of IFBI are covered for grant of loan.
    • Bank Vantage Career Programs – Post Graduate Diploma in Banking
    • Post Graduate Diploma in Banking Operations (Exclusive Career Program for ICICI Bank)
    • Post Graduate Diploma in Retail Banking (Exclusive Career Program for Axis Bank)
    • Post Graduate Diploma in Branch Banking (Exclusive Career Program for Karur Vysysa Bank)
    • Diploma in Banking Business (Exclusive Sales Career Program for ICICI Bank)
    • Diploma in Banking
  • Speedy disposal of loan application.
  • Easy sanction through IFBI representative.
  • Loans sanctioned at a competitive rate of interest.
  • The student can cover all his expenses e.g. tution fees, stationary etc, while applying for loan.
  • Availability of the loan across the country.

Brief procedure to be followed : Coming Soon

Illustrative List of Papers / Documents Required for Education Loan

  • One pager  Credila Loan Application Form – Complete ,To be filled in Capital Letters

Applicant’s Documents

  • One Passport size Photo.
  • Photo id Proof – specifying Date of Birth, photograph, Candidates Name and  candidate’s Signature
      • Pan Card
      • Driving Licence
      •  Passport.
  • Academics Documents 
      • 10th marksheets & Certificate
      • 12th marksheet, & Certificate
      • Graduation and/or last degree copies.  , or provisional degree and marksheets
  • Admission Letter from NIIT IFBI Ltd
  • Residence Proof
      • Passport
      • Voter id
      •  Telephone bill
      • Electricity bill. 

Co-borrower's Documents

  • One Passport size Photo. 
  • Photo id Proof – specifying Date of Birth, photograph, Candidates Name and  candidate’s Signature
      • Pan Card
      • Driving Licence
      •  Passport.
  • Last 3 months Salary Slips / Salary Certificate. 
  • Last 6 months bank statement of Salary bank account.
  • Last one years form-16/ ITR
  • Loan statement of existing loans
  • Residence Proof
      • Passport
      • Voter id
      •  Telephone bill
      • Electricity bill. 
  • Origination fee Cheque in fevour of "Credila Financial Services Pvt. Ltd" Amount Rs.(Rs.3000 + Service Tax (12.36%)= Rs.3371/-)

*IFBI will not be responsible for any delay in reimbursement of the bank loan


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