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. 

• 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 
  • • 10^th marksheets & Certificate
    • 12^th 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