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Is Credila Education Bank loan is valid for Canada ?

holdon007

Full Member
Jun 27, 2014
43
0
Hi there,

I took an education loan from Credila [a subsidiary of HDFC Bank]and was about to file my student VISA for Canada.
but immediately got to know that CIC do not consider Credila's loan as its not a nationalized bank.I checked the website given for the bank name s for the loan purpodse: does contain HDFC name but not the Credila's name
Can someone comment on this as I have a point:
1. HDFC does not provide Education loan, its only Credila provides, which is a subsidiary of HDFC.
kindly help me this as I need to file my VISA in a day or two and I am running out of time.


thank you so much!
 

destroyed92

Hero Member
Nov 24, 2013
308
1
Vadodara, Gujarat
Visa Office......
DELHI
Job Offer........
Pre-Assessed..
App. Filed.......
11/08/2014
Med's Request
Done
Interview........
Waived
Passport Req..
Submitted along with application
VISA ISSUED...
Rejected
LANDED..........
I give up on Canada!!
holdon007 said:
Hi there,

I took an education loan from Credila [a subsidiary of HDFC Bank]and was about to file my student VISA for Canada.
but immediately got to know that CIC do not consider Credila's loan as its not a nationalized bank.I checked the website given for the bank name s for the loan purpodse: does contain HDFC name but not the Credila's name
Can someone comment on this as I have a point:
1. HDFC does not provide Education loan, its only Credila provides, which is a subsidiary of HDFC.
kindly help me this as I need to file my VISA in a day or two and I am running out of time.


thank you so much!
I dont think it will be a prblm, go ahead..!!
They just look at ur funds..!!
 

koolbnda

Hero Member
May 31, 2014
237
13
Job Offer........
Pre-Assessed..
holdon007 said:
Hi there,

I took an education loan from Credila [a subsidiary of HDFC Bank]and was about to file my student VISA for Canada.
but immediately got to know that CIC do not consider Credila's loan as its not a nationalized bank.I checked the website given for the bank name s for the loan purpodse: does contain HDFC name but not the Credila's name
Can someone comment on this as I have a point:
1. HDFC does not provide Education loan, its only Credila provides, which is a subsidiary of HDFC.
kindly help me this as I need to file my VISA in a day or two and I am running out of time.


thank you so much!
Hi

An eduction loan from Credila is not recognized for SPP.
If you are applying under SPP, I believe Credilla won't be acceptable. Credila Financial Services is a Subsidiary of Housing Development Finance Corporation Limited (HDFC) which makes it one its financial subsidiary and not of HDFC bank.

However, if you're applying under General then it should be fine and there won't be any problem.
 

holdon007

Full Member
Jun 27, 2014
43
0
koolbnda said:
Hi

An eduction loan from Credila is not recognized for SPP.
If you are applying under SPP, I believe Credilla won't be acceptable. Credila Financial Services is a Subsidiary of Housing Development Finance Corporation Limited (HDFC) which makes it one its financial subsidiary and not of HDFC bank.

However, if you're applying under General then it should be fine and there won't be any problem.
hey thanks for the reply. But I am applying for MBA for university.
So Credila is valid or not??
As my application falls under University Category

Please help
 

koolbnda

Hero Member
May 31, 2014
237
13
Job Offer........
Pre-Assessed..
holdon007 said:
hey thanks for the reply. But I am applying for MBA for university.
So Credila is valid or not??
As my application falls under University Category

Please help
It should be fine if you are applying under general or university category.
 

holdon007

Full Member
Jun 27, 2014
43
0
koolbnda said:
It should be fine if you are applying under general or university category.

Oh great.. U sure right??

As today many of the consultants really gave me hard tym saying that u cant file VISA with this credila bank loan......
?Huh..
It was really a bad day
 

J5M

Champion Member
May 15, 2014
1,564
64
Job Offer........
Pre-Assessed..
Hi,


holdon007 said:
Hi there,

I took an education loan from Credila [a subsidiary of HDFC Bank]and was about to file my student VISA for Canada.
but immediately got to know that CIC do not consider Credila's loan as its not a nationalized bank.I checked the website given for the bank name s for the loan purpodse: does contain HDFC name but not the Credila's name
Can someone comment on this as I have a point:
1. HDFC does not provide Education loan, its only Credila provides, which is a subsidiary of HDFC.
kindly help me this as I need to file my VISA in a day or two and I am running out of time.


thank you so much!

Educational loan from Credila (subsidiary of HDFC ltd) is acceptable by the CHC (India). Its regulated by the RBI.
 

bis_86

Star Member
Mar 11, 2014
52
1
Hi I took a loan from credila and i got visa , I applied for University category and applied online
 

rackishaquarian

Star Member
Sep 12, 2014
136
11
TORONTO
Category........
FAM
holdon007 said:
Hi there,

I took an education loan from Credila [a subsidiary of HDFC Bank]and was about to file my student VISA for Canada.
but immediately got to know that CIC do not consider Credila's loan as its not a nationalized bank.I checked the website given for the bank name s for the loan purpodse: does contain HDFC name but not the Credila's name
Can someone comment on this as I have a point:
1. HDFC does not provide Education loan, its only Credila provides, which is a subsidiary of HDFC.
kindly help me this as I need to file my VISA in a day or two and I am running out of time.

dude these are private companies with less credibility and can break allaince with hdfc anjytime , it not considered .
go for govt bank ,

thank you so much!
 

AkashdeepS

Full Member
May 23, 2014
42
0
Can I show education loan from Maharashtra state cooperative bank. Please reply. I want to apply in university category.