0.5 4.5/5 “Excellent!” VERY GOOD SERVICES FROM HDFC CREDILA SURAT , VERY SUPPORTIVE, MANAGER MR. PRATIK VASHI HELPED A LOT & WAS VERY CO-OPERATIVE, VERY SMOOTH LOAN PROCESSING & DISBURSEMENT, ALSO PROPER AFTER SALES SERVICE, NO COMPLAINTS, A VERY GOOD & MEMORABLE SERVICE EXPERIENCE FROM THEM. 0.5 4.0/5 “Great!”
In this regard, can education loan Preclosed?
There are NO penalty charges for prepayment. You can prepay your education loan anytime.
Also question is, can you go to jail for not paying student loans?
Can You Go to Jail for Not Paying Student Loan Debt? You can’t be arrested or sentenced to time behind bars for not paying student loan debt because student loans are considered “civil” debts. This type of debt includes credit card debt and medical bills, and can’t result in an arrest or jail sentence.
How can I repay my HDFC loan?
How to Make HDFC Loan Payment Online at Paytm?
- Go to HDFC loan payment page on Paytm.
- Enter your Loan Account Number.
- Click on ‘Get Payable Amount’
- Check the payable amount and choose the payment method of your preference Proceed to make the payment.
- You are done with it.
Is HDFC Credila accepted for UK visa?
Embassy accepting HDFC Credila Education Loan:
An overseas education loan from HDFC Credila is the only NBFC that is accepted by all the country embassies. Right from USA, UK, Canada, Australia, New Zealand, Germany the education loan from HDFC Credila is accepted by all the major study overseas destinations.
Is it good to repay education loan early?
Begin Early
You can save a good chunk of amount from your loan repayment if you begin the repayment in the moratorium period. It saves on your interest repayments with a concession of 0.50% in the rate of interest.
What happens if I fail to repay my education loan?
If you are unable to make repayment on your education loan, then you will receive notices and warnings from the lender. If you fail to comply with the same, then the lender is legally entitled to the assets you mortgaged. Your property or asset can be auctioned or used by the lender.
What is HDFC Credila interest rate?
The rate of interest is floating rate of interest linked to HDFC Credila’s Benchmark Lending Rate (CBLR). The current CBLR is 11.80% p.a.. The interest will be calculated using simple interest rate.
What is the cibil score?
CIBIL Score is a 3-digit numeric summary of your credit history, rating and report, and ranges from 300 to 900. The closer your score is to 900, the better your credit rating is.
Which bank is good for education loan?
Compare Top Education Loan Offers 2021
Name of Bank | Interest Rate (p.a.) | Processing Fees |
---|---|---|
SBI | 6.85% to 8.65% | Rs.10,000 + tax |
Axis | 13.70% to 15.20% | Nil to Rs.15,000 + tax |
Bank of Baroda | 7.85% to 9.85% | 1% of loan amount up to Rs.10,000 |
HDFC | 9.55% to 13.25% | Up to 1.5% of loan amount + tax |
Will education loan affect cibil score?
Does education loan affect CIBIL? Yes, your education loan can have a great effect on your CIBIL score as they are just like any loan and have to be repaid to keep up a good CIBIL score. … Also, just like other loans, education loan is also reported to CIBIL and gets reflected on your credit report.