Snapdeal and Credila unveils online education loan on an e-com platform

This education loan is the latest addition to Snapdeal’s expanding portfolio of financial services which includes personal loans, home loans and co-branded Snapdeal HDFC credit card.

Snapdeal, in partnership with educational loans specialists Credila, an HDFC group company, has launched customized education loans offering on an e-commerce platform.

Customers will have the opportunity to avail benefits, like up to 100% finance of their education with no upper cap on loan and easy EMI repayments, company claims in a statement.

“Our aim is to create a digital commerce platform that caters to diverse consumption needs of our consumers. With rising costs of education, student fees has become one of the highest spends that a household incurs,” said Tony Navin, Senior Vice President, Partnerships and Strategic Initiatives, Snapdeal.

Credila has a simplified online application process, a convenient doorstep document-collection and delivery service in multiple cities across the country and has funded thousands of students studying in over 35 countries across the globe. This education loan is the latest addition to Snapdeal’s expanding portfolio of financial services which includes personal loans, home loans and co-branded Snapdeal HDFC credit card.

“From a student population of 30 million in the country, less than 10% avail education loans. Factoring in specific consumer requirements, Credila has developed customized loan plans which have made us one of the most trusted education loan providers in India,” said Chandini Sehgal, Head – Marketing & Channels at Credila .

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