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Credila Education Loan - Empowering Youth

Date post: 06-Dec-2014
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We offer you education loans with superior and unmatched benefits. With us your dream career is within your reach. Because We Believe In Your Dreams! Credila Student Loans....Because We Believe In Your Dreams! Credila Financial Services is one of the leading financial services companies of India. Credila Financial Services is a lender specialized in education loans. We offer you education loans with superior and unmatched benefits. With us your dream career is within your reach.
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India’s First Education Loan Specialist Empowering YOUth
Transcript
Page 1: Credila Education Loan - Empowering Youth

India’s First Education Loan Specialist

Empowering YOUth

Page 2: Credila Education Loan - Empowering Youth

2

Theme

Who we are?

Why Specialist?

Credila Vs Others

Benefits of availing an education loan

How to apply

Page 3: Credila Education Loan - Empowering Youth

Credila: a strong lineage

A subsidiary of company of HDFC Ltd.

India’s first education loan specialist

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Page 4: Credila Education Loan - Empowering Youth

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

Page 5: Credila Education Loan - Empowering Youth

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

Page 6: Credila Education Loan - Empowering Youth

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

Page 7: Credila Education Loan - Empowering Youth

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 -

Page 8: Credila Education Loan - Empowering Youth

Assured Funds for course

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US universities need Fund Assurance before admission

Page 9: Credila Education Loan - Empowering Youth

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Benefits of availing an education loan

Vs other source of funds

For funding education?

Page 10: Credila Education Loan - Empowering Youth

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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Page 11: Credila Education Loan - Empowering Youth

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

Page 12: Credila Education Loan - Empowering Youth

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%

Page 13: Credila Education Loan - Empowering Youth

Empowering YOUth

EMPOWER YOUR

HIGHER EDUCATION DREAMS

WITH

CREDILA’S EDUCATION LOAN

Page 14: Credila Education Loan - Empowering Youth

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

Page 15: Credila Education Loan - Empowering Youth

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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Page 16: Credila Education Loan - Empowering Youth

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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Page 17: Credila Education Loan - Empowering Youth

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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