Mumbai: Two big brands in the education system have joined hands: Credila, a specialized loan company dedicated for education loan; and SchoolApply, a platform that provides services by making school information easily available, accessible, and actionable. Now, Credila will provide education loans to students registered with SchoolApply for further studies in USA, the UK, Canada and other countries across the world.
The Credila and SchoolApply association is a synergy of the value system of two organizations. SchoolApply is expanding its focus on the Indian market to improve how students find, select, and apply to educational programs and schools around the world. SchoolApply helps students from anywhere in the world connect with schools that best match their needs and potential.
Credila, on the other hand, is committed to ensure availability of finance at the right stage to the deserving Indian students. Credila, a subsidiary of HDFC Limited is India’s first education loan specialist and India’s largest private sector education loan provider.
Mr. Daniel Bjarne, CEO of SchoolApply is excited about this partnership. He said, “The upfront cost of getting a degree is a big roadblock for many students and their parents. Partnering with Credila helps us break down those barriers by allowing us to offer more educational opportunities for Indian students, aspiring to study overseas.”
Credila, as a specialized loan company, understands the education requirements and will provide flexibility of loan term and co-borrowers to the students. Credila has designed special products with a longer repayment term and options to avail a higher loan amount covering complete cost of attendance. Adding to this Mr. Ajay Bohora, Co-Founder, MD and CEO, Credila, an HDFC Ltd. Company , said, “Credila understands the importance of country-specific loan solutions and the need for planning for finances well in time. We encourage the students and parents to apply to us even at the test prep stage as an early start helps students avoid downsizing their dreams and pursue education in the university of their choice.”
Here it can be mentioned that Credila and SchoolApply are also working together to promote the cause of higher education and have started collaborations in the education space. SchoolApply will deliver their first webinar on ‘How to Choose the Right Country to Study in’ on Credila’s web platform on 29 October at 7:00 PM IST.
