Incorporated in 2006, Credila Financial Services Limited is a non-banking financial company that focuses on providing education loans to students pursuing higher studies in India and abroad. Earlier known as HDFC Credila Financial Services Limited, the company offers customised loan solutions for undergraduate and postgraduate courses, with flexible repayment options including a moratorium period during the study duration. Its loans generally cover tuition fees, living expenses, travel, and other education-related costs, with the loan amount decided based on the student’s academic profile, chosen university, and financial needs. Depending on the applicant and loan size, a co-applicant or collateral may be required. Credila supports students enrolling in reputed institutions worldwide and works closely with students, parents, and educational institutes to make the loan process smooth, while benefiting from the financial expertise of its parent company, Housing Development Finance Corporation Limited (HDFC).