Pick Credila if…
Unsecured loans for well-ranked universities
Lender comparison
Credila vs Avanse: Which Education Loan Is Better?
Comparing Credila (formerly HDFC Credila) and Avanse Financial Services for a loan to study abroad? Here are the differences that matter — collateral, loan size, rate, co-applicant rules and speed — and how to choose for your profile.
- Side-by-side terms
- EMI comparison
- Who each suits
- Independent advice
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Quick answer
Credila vs Avanse: Which Education Loan Is Better?
Credila and Avanse are both NBFC (non-bank lender)s, so the better choice depends on which one offers your university the higher unsecured amount and the lower spread. Get written offers from both. Choose Credila if unsecured loans for well-ranked universities; choose Avanse if courses and universities that banks are less keen on.
Ask on WhatsAppUpdated · Reviewed by the Visa Edu Loans loan & visa desk
Official sources: Credila interest rates and charges · Avanse education loans
Side by side
Credila vs Avanse at a glance
Indicative terms; confirm the current figures with each lender.
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Which one should you pick?
Pick Credila if…
Students needing a quick sanction letter
Pick Avanse if…
Courses and universities that banks are less keen on
Pick Avanse if…
Families with non-standard income
Our view
How we'd decide
Credila and Avanse are both NBFC (non-bank lender)s, so the better choice depends on which one offers your university the higher unsecured amount and the lower spread. Get written offers from both.
Compare the total cost — EMI × tenure plus fees — not just the headline rate. A lender with a slightly higher rate but no margin money or a faster sanction can still be the right choice if your visa date is close.
You can also take a quicker loan for the visa and refinance later; floating-rate loans to individuals can be prepaid without penalty under RBI rules.
FAQs
Frequently asked questions
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Ask a counsellor directly — we reply on WhatsApp during working hours (Mon–Sat, 9 AM–6 PM IST).
It depends on your profile — international lenders quote individually. Compare written offers on total cost.
Credila: unsecured loans commonly reported in the ₹40–75 lakh range depending on the university and co-applicant. Avanse: unsecured loans commonly reported in the ₹40–75 lakh range for eligible profiles.
Yes. Applying to two or three well-matched lenders within a short window gives you a real comparison and negotiating power.
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