Another standout aspect is Credila’s personalized customer support. Each applicant is assigned a relationship manager who guides them through the loan process, documentation, and disbursement stages. This human-centered approach makes the process much smoother, especially for first-time borrowers. The team also coordinates directly with universities for fee payments, ensuring that transactions are completed on time and without student intervention. This kind of service sets Credila apart from traditional banking systems that often involve bureaucratic delays and unclear communication.
In terms of repayment, Credila offers flexible options that cater to different financial capacities and career trajectories. Students can opt for simple interest payments during the study period and transition into EMIs post-graduation. Additionally, Credila offers tenure extension, partial prepayment, and foreclosure options, giving borrowers more control over their financial commitments. The repayment schedules are designed to be aligned with projected income levels, making repayment manageable and non-burdensome.