Studying in top countries such as the USA, UK, CANADA, and GERMANY is not just exciting but also financially challenging. Worry not, we have got you covered. Credila student loans come with competitive interest rates and flexible repayment terms.

Do not let financial hurdles stop you from achieving your academic goals. In this blog, we will cover the Credila student loan interest rates provided for the top countries. Read further to learn more, compare, and get the best possible deal.

An Overview of the Credila Education Loan

Parameter

Details

Max Loan amount

Secured 1 cr

Unsecured 75 lakhs

Interest rate

Starts from 9.95% p.a.

Processing fee

Up to 1% -1.25% plus GST

Prepayment closure charges

NIL

Loan Tenure

15 years

Credila Education Loan Rates to Study in the USA

The USA is one of the top destinations for students who wish to pursue higher education. Credila is one of the top NBFC loan providers offering tailored education loan options for students who want to pursue their higher education abroad. 

Credila education interest rates often vary based on a few factors, such as the student's profile, academics, GRE/GMAT scores, co-applicant's financial status, the university, course, and country where the student is choosing to study. 

Loan details of the Credila Education Loan for the USA based on GRE Score

Parameter

GRE>= 310

GRE< 310 >=300

GRE >285, <=299

Loan Amount 

Up to 80 Lakhs

Up to 50 Lakhs

Up to 40 Lakhs

Interest Rate 

Starting from 9.95%

Starting from 9.95%

Starting from 9.95%

Repayment Period 

Up to 15 years

Up to 15 years

Up to 15 years

Moratorium Period 

6 Months or 1 Year + Course Duration

6 Months or 1 Year + Course Duration

6 Months or 1 Year + Course Duration

Co-Applicant Income 

INR 15k - 20k

INR 30k

INR 30k-50k

Processing Fee

1%-1.25% on the loan amount + GST

1%-1.25% on the loan amount + GST

1%-1.25% on the loan amount + GST

Credila Education Loan Rates to Study in the UK

The UK is one of the top destinations for Indian students aiming for abroad education. The financial institute offers up to 100% finance, which covers all your expenses from tuition fees to living, and other education-related costs. The Credila education loan interest rates start from 9.95%p.a. The maximum loan amount the financial institution offers for students studying in the UK is 1 crore and above for a collateral education loan and up to 75 lakhs for an education loan without collateral.

Key Features:

  • Max Loan amount:

    • Secured - 1 cr and above

    • Unsecured up to 75 lakhs

  • Interest rate:

    • Secured loan Starts from 9.95% p.a.

    • Unsecured loan starts from 11.25% p.a.

  • Processing fee: Up to 1% -1.25% plus GST

  • Prepayment closure charges: NIL

  • Loan Tenure: 15 years

  • TCS: 0% TCS on overseas remittances

Credila Education Loan Rates to Study in CANADA

Canada is one of the top countries that most Indian students prefer to pursue higher studies because of the amazing career options that it offers to students. Credila offers tailored education loans to students with interest rates starting from 9.95%. Credila offers a maximum loan amount of 75 lakhs for unsecured loans, which covers education costs such as tuition fees, accommodation, etc.

Key Features:

  • Max Loan amount:

    • Secured - No Upper Cap

    • Unsecured up to 75 lakhs

  • Interest rate:

    • Secured loan Starts from 9.95% p.a.

    • Unsecured loan starts from 11.25% p.a.

  • Processing fee: Up to 1% -1.25% plus GST

  • Prepayment closure charges: NIL

  • Loan Tenure: 15 years

  • TCS: 0% TCS on overseas remittances

Credila Education Loan Rates to Study in Germany

Germany is known for its world-class public universities that offer affordable education. Though public universities have no tuition fees, students seek loans for accommodation and other education-related costs. Credila is offering education loans at competitive interest rates, typically starting from 9.95% with a moratorium period of 15 years, and flexible repayment terms. 

Key Features:

  • Max Loan amount:

    • Secured - No Upper Cap

    •  Unsecured up to 75 lakhs

  • Interest rate:

    • Secured loan Starts from 9.95% p.a.

    • Unsecured loan starts from 11.25% p.a.

  • Processing fee: Up to 1% -1.25% plus GST

  • Prepayment closure charges: NIL

  • Loan Tenure: 15 years

  • TCS: 0% TCS on overseas remittances

Country-Wise Loan Rates with Credila: USA vs. UK vs. Canada vs. Germany

A brief comparison of the country-wise loan rates with Credila can help students compare and get the best deal. 

Country

Max. Loan Amount (Secured)

Max. Loan Amount (Unsecured)

Interest Rate (p.a.)

Secured

Interest Rate (p.a.)

UnSecured

Processing Fee

Prepayment closure charges

USA

₹1 CR and above

Up to 80 lakhs

Starts from 9.95%

starts from 11.25% p.a.

Ranges from 1% -1.25% plus GST

NIL

UK

₹Up to 1CR

Up to 75 lakhs

Starts from 9.95%

starts from 11.25% p.a. 

Ranges from 1% -1.25% plus GST

NIL

GERMANY

₹Up to 1CR

Up to 75 lakhs

Starts from 9.95%

starts from 11.25% p.a.

Ranges from 1% -1.25% plus GST

NIL

CANADA

₹Up to 1CR

Up to 75 lakhs

Starts from 9.95%

starts from 11.25% p.a.

Ranges from 1% -1.25% plus GST

NIL

Expert Tips to Get the Best Credila Education Loan Interest Rate

  • Academic Background: A good academic background with a consistent score can strengthen a student's profilewhich is one of the factors that lenders check to assess the eligibility.

  • Top Countries: Choosing to study in top countries such as the US, UK, Germany, CANADA, etc, attracts more student traffic, because of the employment opportunities that the respective countries provide. This indeed creates confidence about the student loan repayment.

  • Good GRE Score: Students with a good GRE score are always backed by the lenders, considering their future earning potential.

  • Academic & University: Studying at top-ranked universities often helps you negotiate better terms.

  • Co-applicant & Collateral Profile: Strong credit history or collateral security can mitigate risk, regardless of the destination country. Therefore, adding a strong co-applicant or pledging collateral can enhance loan approval chances.

How to Apply for the Credila Education Loan

  • To apply for the Credila Education Loan, students can directly visit the official website of Credila, fill out the education loan application form, and submit it.

  • One of the credila’s executives will reach out to you and walk you through the loan process.

  • An education loan sanction is crucial for funding the education of many students. 

  • However, students often struggle to get their loans sanctioned without the right guidance. WeMakeScholars can help you in such situations.

  • Our team is dedicated to assisting students in receiving education loan approvals on time. We provide complete education loan assistance to students applying through us.

Conclusion

Credila education loans are known for offering education loans at a competitive interest rate. Knowing the Credila education loan rates can help students make informed decisions about the education loans while starting their academic journey abroad. In this blog, we have covered ccountry-wisecredila education loan interest rates of the USA, UK, Germany, and Canada. So that students can choose the best that suits them.