Know about the HDFC Credila Education Loan Processing Time
HDFC Credila Education Loan processing time is
10-15 days.
The following steps are included-
- Application Form Submission
- Documents Submission
- Documents Verification
- Loan Approval & Sanction
- Loan Disbursement
Step #1: Application Form & Documents Submission
The first step is to submit the education loan application form and attach the required documents.
Step #2: Documents Verification
Once the documents are submitted, HDFC Credila will verify them and might ask for additional documents.
Step #3: Loan Approval
After document verification, HDFC Credila proceeds with education loan approval and determines the loan terms and conditions.
Step #4: Loan Sanction
The bank issues a loan sanction letter that must be signed by the borrower. After this, the HDFC Credila loan disbursement is initiated.
Step #5: Loan Disbursement
Once the disbursement amount, date, and mode are confirmed to the bank, then within 24-48 hours the education loan is processed.
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