HDFC Credila | Pros & Cons

HDFC Credila | Pros & Cons | Eduloans 101

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Пікірлер: 164

@monilshah4525 3 жыл бұрын

Thnkx!! you are the one who clear my all doubt 🙌❤️

@ManavGharat 3 жыл бұрын

It sounds like a dumb question but how do we calculate the amount of loan we need to take? I have seen a varying amount of loan taken for full COA for the same course and university.

@prashantchaudhary7754 3 жыл бұрын

Thank you so much for providing this information on hdfc credila.🙏

@anothergoogleuser1645 3 жыл бұрын

There is a big con on all private lenders/NBFCs that you forgot to mention: one HAS TO pay partial interest while studying aswell as grace period and the amount of acrrued interest you don't pay will be added to the capital and onwards interest will be charged against it (compound interest) I think this is a massive con hardly any one knows.. Prodigy & public banks only charge simple interest (and dont require you pay anything) while studying and grace period

@santhosh7067 3 жыл бұрын

Parth can you address about this!

@gruhithakula8979 3 жыл бұрын

wrong. Union bank of India has sanctioned me a loan but it asked me to pay simple interest amount during the grace period and said it will convert to compound interest after the end of the grace period

@mr.k2580 3 жыл бұрын

Can you clear about this

@Anonymous-pt7el Жыл бұрын

Hi ...I was also thinking the same but I am slightly confused about one thing...in official video of credilla on KZfaq, they have specified that it is SI if you agree to pay Principal+interest without any moratorium..is it true...?...is it that most people want moratorium and hence ultimately pay the compound interest and they mention about the previous thing only as SI, right?... But why is then a lot of people on Reddit ( a community full of intellectuals) prefer credilla over traditional banks...only bcoz they are offering without collateral...that's the only reason...?

@Mehhhh227 11 ай бұрын

@@gruhithakula8979Bro whem u approached union bank for loan did they ask for a building on land?

@danzilbenjamin8196 3 жыл бұрын

Thanks a lot.

@massive_d 3 жыл бұрын

What's the advantage of going through gradicle

@theviralboytvb 11 ай бұрын

if I'm paying with partial interest, How is interest calculated on education loan during moratorium period? Is this true that from 1st July 2023 policy is changed and CREDILA now charges compound on remaining amount?

@divyachandron 3 жыл бұрын

Hey Parth! Thanks a lot for this video ! Can you please make a video on loans that education institutions( Universities like berkley UCLA etc) give out !

@ParthVijayvergiya 3 жыл бұрын

Divya, I am not sure about those loans. Can you please tell me more about that?

@divyachandron 3 жыл бұрын

Although i'm confused how these work. If the uni is offering loans for are they just subsidizing interest rates. I have no idea, so it would be really helpful if you could make a video on this.

@divyachandron 3 жыл бұрын

@@ParthVijayvergiya Oh shoot! My first comment somehow disappeared. So basically there are unis that offer loans. Like UC berkley Haas, UCLA etc. Here is a link to their loan page : mba.haas.berkeley.edu/admissions/loans

@akshadababar6067 3 жыл бұрын

One point I'll like to add is the customer service is only great if you take the non collateral loan worth 40 lakh. If you ask them to get a collateral loan letter they won't get back to you for 3 months. They won't pick your calls, not reply your emails and messages either. They do not specify the rate of interest in written before paying the processing fees. So they can change it after paying the processing fees. They have higher currency conversion rate too. I am in a process of getting a collateral loan worth 60 lakh from hdfc and it has been a nightmare. Initially they were very good, like you specified they were pushy but once I asked them to get a sanction letter for a collateral loan they stopped contacting me. I think the agents only focus on non collateral loans as they get higher commission. And I have three other friends who are facing the same issue as me.

@rayaanaaryan2684 3 жыл бұрын

Thanks for sharing this crucial information ..it is very helpful ...specially as we all know how Indian Bank will Work.

@akshaykautkar6132 3 жыл бұрын

I cannot agree more, Akshada! Initially, they were very benevolent. However, since the day I received admit and asking them for collateral they seem least interested!

@chronus6984 2 жыл бұрын

Same for me but in my case it's non-collateral. They have stopped contacting and not even picking up calls. Sometimes I feel like going to SBI even though they are messy but i know i can trust them blindly cause they won't scam you..

@saiakhil6278 Жыл бұрын

Hi Akshada, Now that you have been through the situation, which one do you think is the best bank for a loan of upto 50 lakhs(with partial collateral) and finally from which bank did you get your loan approved from?

@abhisheksathe123 4 ай бұрын

is rate of interest higher in non-collateral loan ?

@subhashvadlamani9412 2 жыл бұрын

Paarth, if you yourself work with prodigy and believe that it is a good service, why did your sister go with SBI and not Prodigy?

@Beachyy_Bird Жыл бұрын

there is a system of credila student intranet system there we have to give the co applicant Debit card pin no. The biggest cons can someone explain what is this???

@sreedevipm5724 2 жыл бұрын

Hi Sir, i recently came to know that without collateral, loans have no moratorium. Is this true?

@sriharshaananthoju8671 2 жыл бұрын

should we start loan process after receiving decisions

@shreeyashlahane614 3 жыл бұрын

Hey man , waiting for the avanse video

@salvuspaul4437 3 жыл бұрын

So guys tell me, do you recommend this hdfc credilla?

@rukhsarm.5233 2 жыл бұрын

Sir, by how many days we can get the loan letter from hdfc credila?

@Ashaim87 Жыл бұрын

I only have 58% in my bachelor's, can I apply for this loan and will I get loan of 20lakh without collateral to study in South Korea.

@nasimahmad9530 2 жыл бұрын

Heyy parth, i want to apply for hdfc credila non collateral loan but the uni total fee is around 20000$ doller and it is a vocational 2 year course I am already in job from last 5 year and I want to keep my brother as co borrower but the problem is that he run a small bussiness and due to covid his bussiness is not doing well from last 2 year as it was, let suppose he makes around 10 lacs per annum what are chances that I'll get sanctioned the loan amount just tution fee i have some saving in my account too.

@akhilreddykasu3254 2 жыл бұрын

Did anyone take an educational loan from HDFC credila without any collateral?

@vaibhavpatel2278 3 жыл бұрын

My dad is unemployed rn. But have enough money and asset to cover the loan is there any bank which can give me loan?

@shubhamdas3248 3 жыл бұрын

is there any charges if you payback your loan in one year , for example if get a scholarship after you reached to the college so these type scenario happen so do they have any penalty for that ?

@ParthVijayvergiya 3 жыл бұрын

Yes you can definitely do that. There is no prepayment penalties.

@rajeevkurra6581 3 жыл бұрын

Pls add the tax benefits link.

@sree6626 3 ай бұрын

who do we keep as a reference?

@thisisMohit 3 жыл бұрын

Sir, Please help undergrad education loan please... It's a real need 🙏🙏🙏🙏 Btw loved your content.❤️❤️

@thisisMohit 3 жыл бұрын

Sir hope you will!!

@shashireddy7371 2 жыл бұрын

Thanks

@danzilbenjamin8196 3 жыл бұрын

No collateral is my go.

@tabrezalam4653 3 жыл бұрын

Do hdfc ask 3 blank cheque for hdfc credila and ebixcash world cash???

@nishithakondakindi5156 Жыл бұрын

Approx how much amnt shld we pay monthly in the moratorium period for a 40l loan

@soumitasarkar5170 2 жыл бұрын

GIC will provide HDFC credila?

@365OFFICIAL 2 жыл бұрын

Sir mujhe whats, app Or msg aya h hddc credila work from job k liy 500 registration fee h. Mujhe trust krna chahte ya nhi

@charmiysheth5394 3 жыл бұрын

Hi Do they have any fixed amount to show in your co applicant ITR Or they can give you at any ITR?

@vardankumar6397 3 жыл бұрын

No, but they will ask for the last 8 months bank statement besides if your co-applicant is businessman then GST number and profit and loss with competence

@MrAnindyabanerjee 3 жыл бұрын

Parth you made this video in the perfect time! Many aspiring students like me are very much confused regarding loan n all. Thank you on behalf of my fellow mates :)

@anshumansharma4555 3 жыл бұрын

Let's consider I get in Stanford Univ and the cost of attendance is $250,000 approx for 4 years undergraduate. Will I get a loan without a collateral? Or what is the max amount I can get without collateral?

@ParthVijayvergiya 3 жыл бұрын

It's less likely that you would get that big of a loan amount without collateral. I would assume if you had to get it from a private employer, the best you would be able to do is 100k.

@anshumansharma4555 3 жыл бұрын

@@ParthVijayvergiya they once held a workshop in our school and I tried asking them the same question ad they assured that they have no upper limit but weren't crumbling down to a point. Thank you! BTW I'm to from Jaipur!

@mohammadaawej5589 2 жыл бұрын

Does HDFC credila gives undergraduate diploma study for Canada ? Reply plzzz sir

@sourabhpatil3280 3 жыл бұрын

🙌🏻

@rutujalimaye8815 3 жыл бұрын

Does HDfC credila provide Education loan without collateral and without co applicant just based on your profile and Work experience?

@ziyauddinshaikh7253 3 жыл бұрын

No they ask co applicant

@tuhinsockey 2 жыл бұрын

Hi, can I show my PF account as collateral?

@anuyadava4038 2 жыл бұрын

Thanks for very clear explanation. I am told by the agent that I would be given loan on the interest rate from 7to 10%. Is it true

@viveksharmaI 2 жыл бұрын

If your are giving a collateral the interest rate shall be 9.5% to 10% where as in non collateral maximum you can negotiate is 10.5%. However, you can negotiate further. All the best !

@auxilliamagdalin3851 2 жыл бұрын

Can a pensioner parent be a coapplicant

@aditi.shukla 3 жыл бұрын

Hey Parth, great video and couldn't have come at a better time since I'm in the process of applying for the loan. I am in a dilemma regd admits - I have one from Georgia Tech for Masters in Industrial Design and 2nd from IUPUI for MS-HCI with assistantship and scholarship. Tech program is non-STEM but uni is highly reputed and IUPUI program is STEM but not a top-10 uni as Tech. What would you suggest?

@ParthVijayvergiya 3 жыл бұрын

I would go with the STEM program. First of all you are not going to pay anything for IUPUI and then STEM adds two years additional visa and makes your life much more comfortable.

@sharathchandras2589 2 жыл бұрын

Hi, Vijay I have been following you very closely for the last 7 months and thank god it has helped me heaps in my journey to study in the USA, I have a question related to loans in HDFC credila. Could you please let me know if the interest that has to be paid during the course is calculated on the amount of money that I used for the first term or the entire sanctioned loan amount ??? Awaiting your response at the earliest. Thanks much :)

@shubhsharma9464 2 жыл бұрын

The amount used.

@lakhvirnandra8022 2 жыл бұрын

Hello Sharath how are you going to apply for the loan. Is the process online or through a branch office? Please reply i am also looking forward to hdfc credila

@arizakram6517 2 жыл бұрын

Sir, You look like Mohd Shami

@priya14884 Жыл бұрын

Hey Parth! I see that you have recommended SBI for a collateral loan. The thing is I am getting a better interest rate at Credila than SBI for an 80L collateral loan. The processing fee is almost similar at both places. What do you recommend in this situation?

@Abhishek-fe3zs 11 ай бұрын

SBI is trash. They will take forever to process your loan and then deny you anyway. Don't go with them. Go with axis or credila

@yashmetha1232 5 ай бұрын

How ? Sbi will definitely have lesser interest than hdfc

@priya14884 5 ай бұрын

No, I got a lesser interest rate at Credila

@sumitpandey5 Ай бұрын

@@priya14884how much and what did u do finally

@nav3961 Жыл бұрын

For aboard When does its interest get started ? After visa or get money in account What happens when someone rejected visa ? Does he pay interest or not

@bigkusa2568 3 жыл бұрын

Wait there was a comment about wemakescholars blacklisting credila. Did it get deleted?

@edvinaustindsouza3395 3 жыл бұрын

wemakescholars have blacklisted hdfc credila

@somysimran6274 3 жыл бұрын

No. I commented that and its still there. And yes, hdfc credila has been blacklisted by WeMakeScholars.

@ParthVijayvergiya 3 жыл бұрын

Yup they blacklisted them like 2-3 years ago.

@tabrezalam4653 3 жыл бұрын

Why did they blacklisted

@arvindsk7144 Жыл бұрын

Hopeless, they even give feedback weather it's approved or rejected

@syleshsuresh562 3 жыл бұрын

What is the minimum income the co-applicant should have? My co-applicant only has 15k per month. And I have applied for the loan. I'm worried it might be rejected. Please reply!

@ashmitsharma69 3 жыл бұрын

hi, did you get the loan sanctioned?

@americalo_inthe_bro7101 2 жыл бұрын

Hi did u get your loan sanctioned?

@accountingincometax2439 2 жыл бұрын

I have doubt that i have taken loan frm credilla and it is of 13 yrs so i have doubt that if i wanted to repay loan early that is prepayment then is there any penalty or not ?

@Himalayan_Solivagant Жыл бұрын

Hi, did you get your answer?

@faisalsiddiqui75 Ай бұрын

Any Update

@AbhishekSharma-fj2vw 2 жыл бұрын

Sir i have taken loan from hdfc credila of 1400000 , will there be any penalties if i pay all the full loan amount in one year in moratorium period

@hema6762 2 жыл бұрын

So did u get ur answer for it ?

@JASPREETSingh-cn5gu Жыл бұрын

Heyy i need some guidance can you please help

@jinitdesai 2 жыл бұрын

I have heard that they increase their interest rate after disbursement is it true ?

@devilboy5266 3 жыл бұрын

Will I get pre approved for an education loan(collateral free) for abroad education (planning to study pg in uk)

@saivignan3581 2 жыл бұрын

You need to ask the bank or nbfc . Depending on your co applicant income they will give you

@princechaturvedi7578 2 жыл бұрын

Yes you will from HDFC CREDILA

@lakhvirnandra8022 2 жыл бұрын

@@princechaturvedi7578 did you apply for loan from credila is it safe or fake

@rushabhpatel5275 2 жыл бұрын

My Processing Fees was Rs-10,856/-(including S.T, 1.5%+GST) for 1840000 loan amount

@zubainali495 2 жыл бұрын

what is S.t? also does this includes insurance as well ?

@shubhamjadhav6114 2 жыл бұрын

I also applied for non collatral loan. They said their official will visit my house for address varification but it been 5 days no one came. I called the agent, he says he is calling them .but after that no one comes. Will you guide me about this.

@rushabhpatel5275 2 жыл бұрын

@@zubainali495 sorry its gst no ot does not include insurance

@shaunakkhair5097 2 жыл бұрын

what was the rate of interest?

@chinjurai7091 Ай бұрын

@@shubhamjadhav6114 did they come ?

@kuldeepsidhu798 Жыл бұрын

I got mail from hdfc credila... that your loan has been sanctioned.... should I pay processing fees.... they will not deny my loan??? please let me know shortly

@SruthiRaghavan2002 4 ай бұрын

same doubt

@hisam_sayyad 2 жыл бұрын

Hey Parth, I had inquired my consultant about non collateral loan and they said me that my visa might get rejected if I show them a non collateral loan.. Please if you can clarify on it.

@Starlone 3 жыл бұрын

Yeah Bruh 😍

@sumeshom2917 2 жыл бұрын

I have a tiled house 🏡 with 2 acres of agricultural land(coffee plantation), my father is a farmer and his monthly income is Rs 10000 is I am eligible for HDFC credilla educational loan? I am looking for study in UK

@hisam_sayyad 2 жыл бұрын

Visit the bank website and chat with them.. they might call you instantly since you are a commission for them

@amrytapanda6217 3 жыл бұрын

Bas bas ...I need it ..finally the video's out

@mohammedfarhanahmed1554 2 жыл бұрын

My dad is a retired govt. Employee and income is around 51k but we have 26k EMI housing loan which has crossed 50% of overall salary I contacted SBI but they said they cant give bases salary so will I get hdfc credela loan?? Although we have property to show if needed...plz respond if u have any suggestions

@yeshwanthvarma9031 3 жыл бұрын

Any one suggest me a bank or finance company who give loan for my Masters without collateral property?

@arpitc98 3 жыл бұрын

Try prodigyfinance

@ManavGharat 3 жыл бұрын

HDFC does but obviously that comes at the cost of interest rate around 0.75 to 1% depending on your case it can be more or less

@padmakarvyas7830 3 жыл бұрын

Avanse too does it. Visit office and get the full details and process will be complete in 14 - 21 days.

@Sai_Gamer_OP 3 жыл бұрын

I received loan from HDFC Credila with an interest rate of 11.50 with processing fees of 1%....No hurdles as of now❤️

@aykardept1684 3 жыл бұрын

How many days did they take to sanction the loan and for final disbursement.?

@dheerajkumar9625 3 жыл бұрын

Sanction time and Cibil checked ha

@Sai_Gamer_OP 3 жыл бұрын

@@dheerajkumar9625 they will take 7-10 days to sanction if all docs are proper

@Sai_Gamer_OP 3 жыл бұрын

@@aykardept1684 loan approval & sanction will be done in 7-10 days...disbursement process takes 2 days

@dheerajkumar9625 3 жыл бұрын

@@Sai_Gamer_OP Bro.My Concern is Will They check My cibil and Co guarantee Cibil also

@bifiya1821 2 жыл бұрын

Can I get educational loan without collateral upto 20 lakhs for my bachelor's in uk

@WhatSGoingON720 Жыл бұрын

Yea

@sandeepbarla5262 3 жыл бұрын

please make a video on Leap Finance as well

@bhatnagaraki 3 жыл бұрын

- Will not give you loan if your dad is retired - will not give you loan if your mom missed an EMI in 1997 when she's not even your Co signer - you won't hear from them when you're rejected.. When they stop picking up your calls and block you that means you're rejected - their CEO will text you on Linkedin to fight with you when you put a bad experience review

@ParthVijayvergiya 3 жыл бұрын

I will try. But I don't know anyone who has taken a loan from them. So can't really do any reviews.

@ParthVijayvergiya 3 жыл бұрын

that's interesting Akshay, can you send me some screenshots of your conversation? Please send them to vijayvergiyaparth@gmail.com

@bhatnagaraki 3 жыл бұрын

@@ParthVijayvergiya he apologised later and I don't want to make a big deal out of it now. If you want we can get on a call and share the screen for you to see that. But in addition to this now if you want to withdraw your loan application they ask you to share your visa details and tell you that they need to inform your university and visa officer about it. This happened to my friend when he was trying to negotiate the ROI (Leap states that they would give you a month period post your sanction for you to negotiate terms) he said I would rather go for a collateral loan (he was just using it to put the pressure). The person there replied with we'd need you visa details and we would have to inform university and visa officer to cancel your loan. I might be wrong here but to me it sounded like a threat and to my friend as well. He's now not comfortable moving forward with them and now he'd be ghosting them.

@ParthVijayvergiya 3 жыл бұрын

@@bhatnagaraki Akshay this is a day light threat. Can you please get in touch with me or tell me where I can get in touch with you.

@gokulgoku2823 2 жыл бұрын

I've been sanctioned 20 lakh from credila with 9.5 % interest

@vishwajeetmagdum4728 2 жыл бұрын

With or without collateral?

@gokulgoku2823 2 жыл бұрын

@@vishwajeetmagdum4728 with

@peakiechannel1292 2 жыл бұрын

Also, what is the minimum cibil and monthly income requirement ?

@tjassar Жыл бұрын

Have you applied directly? Or via wemakescholers or gyan dhan?

@gokulgoku2823 Жыл бұрын

@@tjassar directly

@Afnan...... 3 жыл бұрын

Hey parth i need your advice. I have bachelors in Mechanical engineering but want to pursue masters in civil engineering and construction from US. Do you think it would be a wise decision ?

@ashishmhatre2846 3 жыл бұрын

I can spot my chat of discord server 😂👍

@AnirudhhaTiwari 3 жыл бұрын

@atharvaakulkarnii 3 жыл бұрын

1st

@originalgangsta._ Жыл бұрын

Waste of u r time please dont apply hdfc credila waste company ihv good experience

@massive_d 3 жыл бұрын

You're too close to the cam,man

@dsztiger3158 2 жыл бұрын

Avoid HDFC credila , they are loosers. My admission process got delayed because they are super slow and they will keep asking you irrelevant documents and you will have to keep chasing them .Please avoid , save yourself .

@kamaal2101 Жыл бұрын

You are right bro because in my family both my father and elder brother run their own businesses so there is no one who has a government job and they are asking for a salary person account and i don't know how to provide it and for colletoral loan my land is in a village which is not good according to them. Can you please tell me some other loan companies with good support for student?

@tjassar Жыл бұрын

Have you applied directly? Or via wemakescholers or gyan dhan?

@tjassar Жыл бұрын

@@kamaal2101 Have you applied directly? Or via wemakescholers or gyan dhan?