ISBR Business Schools and Credila Financial services have joined hands to assist students and parents to ensure uninterrupted completion of their education with the unique branchless education loan program. Students can get upto 100% finance for
education loan with this tie-up.

Eligibility

• Borrower must be an Indian citizen
• Co-borrower must be an Indian citizen
• Borrower must be 18 years of age or older
• Co-borrower must have a bank account in any bank in India with check writing facilities
• Confirmed admission in the colleges before disbursement
• Borrower and Co-borrower to meet Credila�s underwriting criteria

Co-borrower Requirement

• The loan will be co-signed by a co-borrower in India
• A co-borrower is mandatory for all the student loans
• The co-borrower can be parent, brother, sister, guardian, or any other relative
• Co-borrower's role would be, necessarily, like the primary debtor

What Costs Are Covered?

• All of the tuition fees as determined by the college/University
• Up to 75% of other expenses including living expenses, books, etc. as determined by the college/University
• Up to INR 50,000 for travel to abroad from India, if applicable

Loan Amount

• Minimum Loan Amount: Indian Rupees 1,00,000
• Lifetime Maximum Loan Amount: Indian Rupees 20,00,000

Rate Of Interest

• Rate of interest will be floating rate of interest linked to Credila's Benchmark Lending Rate (CBLR)
• The floating interest rate will calculated monthly based on the prevailing CBLR at the beginning of the month
• The interest will be calculated using Simple Interest Rate