Credila Education Loan - Empowering Youth
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Transcript of Credila Education Loan - Empowering Youth
India’s First Education Loan Specialist
Empowering YOUth
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Theme
Who we are?
Why Specialist?
Credila Vs Others
Benefits of availing an education loan
How to apply
Credila: a strong lineage
A subsidiary of company of HDFC Ltd.
India’s first education loan specialist
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CREDILA …Because we believe in your dreams!
“….We must make sure that people who have the grades, the desire
and the will, but not the money, can still get the best education possible.”
- Barack Obama Graduate, Harvard Law School
President, United States of America
Credila: Making a difference
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Thousands of Indian Students
Pursuing 950 different courses
In over 1800 educational institutions
Across 33 countries
TRUST
CREDILA
230000+ Total Applications
10000 Crores + Cumulative Amount Approved
800 Crores+ Cumulative Amount Disbursed
An application EVERY 2 minutes!
Credila: Large Family
*Data till Dec 2012
Credila v/s Banks
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EDUCATION LOAN FEATURES CREDILA BANKS
Doorstep service
Loan amount of over INR 20.0 lacs also available
Repayment tenor up to 10 years
Less than 100% collateral
Co-borrower flexibility
Loan against property mortgaged with HDFC Limited
Loan sanction before admission also
Attractive rate of interest Maybe
Tax benefit under Section 80-E of the Income Tax Act, 1961
Quick and hassle-free process -
Assured Funds for course
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US universities need Fund Assurance before admission
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Benefits of availing an education loan
Vs other source of funds
For funding education?
Benefits of availing an education loan
Empowering YOUth
•Opportunity for students to take their own responsibilities’
•Creates a Positive Credit History for the Student
•Preserve the family savings especially for parents’ future & emergencies
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Benefits of availing an education loan
THE SMART OPTION•EMI starts after study period, unlike personal finance or Loan against property
•Unlimited tax benefit on interest paid under Sec 80E of Income tax Act
• Can avail of funding at an *effective rate of less than 10%
•Sanction before admission confirmation/I-20
•Avail funding that is CHEAPER than using your own SAVINGS!
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*Terms & conditions apply. Calculations in next slide
Benefit: Unlimited Tax Savings
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http://www.credila.com/tax_benefit_calculator.html** The rate of interest of13.5% has been taken as an assumption. The actual rate of interest may vary. Terms and conditions are available at http://
www.credila.com/tax_benefit_calculator.html
An indication of tax savings* possible by availing of an education loan from Credila:*under Section 80-E, IT Act 1961
An individual can avail of tax benefit on interest paid on an education loan for self or a relative, spouse, child or a student for whom the individual is a legal guardian
Education Loan Amount (INR)
Rate ofInterest**
Interest Amount (INR)
Yearly Tax Savings (INR)
Effective Rate of Interest
200,000 13.5% 27,000 8,343 9.33%
400,000 13.5% 54,000 16,686 9.33%
600,000 13.5% 81,000 25,029 9.33%
1,000,000 13.5% 135,000 41,715 9.33%
1,500,000 13.5% 202,500 62,753 9.33%
2,000,000 13.5% 270,000 83,430 9.33%
Empowering YOUth
EMPOWER YOUR
HIGHER EDUCATION DREAMS
WITH
CREDILA’S EDUCATION LOAN
How to Apply – Simple 3 Step process
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Step 1
Step 2
Step 3
Online Application at www.credila.com
Door step service & documents pick-up
Loan sanction & disbursement
Credila Transformed My Life!Testimonials Details
“I did not have a very good experience with my previous education loan taken from a nationalized bank. I came to know about Credila and approached them. I really appreciate their efforts in sanctioning the loan within five working days just like they promised while taking the required documents.”
-Manjusha Sala, MS Texas A&M University
Hyderabad
Father: Working for Dept. of Handloom and Textiles
“Most banks or financial institutes put a certain cap on the amount of loans offered. Credila has a way of assessing actual costs of studying at a particular university and fund the student accordingly. My dream of studying in an Ivy League University would never have come true if not for their cooperation.”
-Deepak Shankargauda, MS Columbia University
Mumbai
Father: Working in Datta Meghe College
“The people at Credila were easily approachable and the loan process was smooth.”
-Pramod Nataraja, MS Georgia Institute of Technology
Bangalore
Father: With Karnataka Govt.
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Institutes Attended by Credila’s Students (Partial List)
Credila’s borrowers attend a diverse array of institutes around the globe. A partial list of these institutes include:
USA Arizona State University Cornell University Purdue University Columbia University University Of Illinois Ohio State University Illinois Institute Of Technology Northeastern University Clemson University University Of Texas Pittsburg State University University Of Southern California Missouri State University New York Institute Of Tech University Of Missouri Georgia Institute of Technology University of Rochester California State University UCLA
USA Harvard University Yale University University of Florida Babson College Rice University Carnegie Mellon University University of Wisconsin University of Bridgeport
INDIA Indian School of Business Indian Institute of Management University of Pune ICFAI Amity University Bangalore Management
Academy Manipal University Chennai Business School Suryadutta Group of Institutes
UK & Others Oxford University University of Leeds University of Strathclyde Saint Mary's University, Canada College of Technology London University of Warwick University of Lancaster Cranfield University IE Business School, Spain ESADE Business School, Spain Edith Cowan University, AUS University of East London University of Buckingham University of Wales INSEAD, France University of Queensland, AUS York University, Canada Univ British Columbia, Canada National Univ, Singapore
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Happy to talk to you
Website: www.credila.com
Toll Free: 1800 209 3636
SMS: Credila to 53636
E mail: [email protected]
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