{"id":15009,"date":"2024-09-02T15:55:11","date_gmt":"2024-09-02T10:25:11","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=15009"},"modified":"2025-08-02T14:28:50","modified_gmt":"2025-08-02T08:58:50","slug":"credila-vs-union-bank-education-loan","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/","title":{"rendered":"Credila Vs Union Bank Education Loan"},"content":{"rendered":"\n<p><strong><span style=\"text-decoration: underline;\">Difference between Credila and Union Bank Education Loan:<\/span><\/strong> Credila is one of the best NBFCs (Non-Banking Financial Institutions) known for providing education loans to study abroad. Students can get secured and unsecured education loans from Credila at affordable interest rates.<\/p>\n\n\n\n<p>Union Bank of India is one of India&#8217;s leading public sector banks that provides education loans to study abroad under its Union Education Premier abroad scheme. You can get unsecured loans of up to INR 40 lakhs. Let\u2019s compare and understand which education loan suits you and why you should take it.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-difference-between-credila-and-union-bank-education-loan\" data-level=\"2\">Difference between Credila and Union Bank Education Loan<\/a><\/li><li><a href=\"#h-credila-education-loan-major-features\" data-level=\"2\">Credila Education Loan: Major Features<\/a><\/li><li><a href=\"#h-union-bank-education-loan-major-features\" data-level=\"2\">Union Bank Education Loan: Major Features<\/a><\/li><li><a href=\"#h-guidelines-for-students-to-select-between-credila-and-union-bank-education-loan\" data-level=\"2\">Guidelines for Students to Select between Credila and Union Bank Education Loan<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-difference-between-credila-and-union-bank-education-loan\"><span id=\"difference-between-credila-and-union-bank-education-loan\">Difference between Credila and Union Bank Education Loan<\/span><\/h2>\n\n\n\n<p>Credila and Union Bank Education Loans differ primarily in their offerings. Credila is a specialised education loan provider focusing solely on education financing, offering loan solutions with flexible repayment options of up to 15 years. There is no upper limit on the loan amount (Up to 100% finance covering tuition fee &amp; living costs). <\/p>\n\n\n\n<p>On the other hand, the Union Bank of India offers education loans as part of its broader banking services with lower interest rates starting from 8.80%. Since it is a government bank, the eligibility criteria are a bit strict. Check the major differences between Credila and Union Bank education loans below:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Credila Education Loan<\/strong><\/td><td><strong>Union Bank Education Loan<\/strong><\/td><\/tr><tr><td>Collateral-free loans up to 100% including tuition fee and living expenses<\/td><td>Collateral-free loans up to INR 40 lakhs<\/td><\/tr><tr><td>Interest Rate starting from 9.75%* p.a. onwards<\/td><td>Low Interest Rate starting from 8.80%<\/td><\/tr><tr><td>Up to 15 years repayment period<\/td><td>Up to 15 years repayment period<\/td><\/tr><tr><td>The loan can be applied through the official website of Credila<\/td><td>The loan can be applied through the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/vidya-lakshmi-portal-education-loan\/\"><strong>Vidya Lakshmi Portal<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-credila-education-loan-major-features\"><span id=\"credila-education-loan-major-features\">Credila Education Loan: Major Features<\/span><\/h2>\n\n\n\n<p>One of the best features of the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/credila-education-loan-to-study-abroad\/\"><strong>Credila education loan<\/strong><\/a> is that you can get a loan of up to 100%, including tuition fees and living expenses without providing any collateral security (loan amount depends on academic performance, future earning potential, and with co-applicant&#8217;s financial stability). Check the major features of the Credila Education Loan below:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Credila Education Loan<\/strong><\/td><td><strong>Major Features<\/strong><\/td><\/tr><tr><td>Maximum Loan Amount<\/td><td>Up to 100% (as per the requirement, subject to repayment capacity)<\/td><\/tr><tr><td>Rate of Interest<\/td><td>9.75%* p.a. onwards<\/td><\/tr><tr><td>Repayment Period<\/td><td>Up to 15 years<\/td><\/tr><tr><td>Collateral Requirements<\/td><td>No collateral is required for loans up to 100%. It depends on academic performance, future earning potential, and with co-applicant&#8217;s financial stability.<\/td><\/tr><tr><td>Courses Eligible<\/td><td>All top-notch courses<\/td><\/tr><tr><td>Eligibility Criteria<\/td><td>&#8211; Must be an Indian citizen and at least 16 years old at the time of disbursement<br>&#8211; Admission to a foreign university is required<br>&#8211; The co-applicant needs to have a bank account with check-writing capabilities<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Check here all the major details about <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/prodigy-finance-education-loan\/\"><strong>Prodigy Finance Education Loan to Study Abroad<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-union-bank-education-loan-major-features\"><span id=\"union-bank-education-loan-major-features\">Union Bank Education Loan: Major Features<\/span><\/h2>\n\n\n\n<p>Union Bank is one of the oldest government banks in India, founded on November 11, 1919. The bank offers education loans to study abroad at affordable interest rates. You can apply for the loan on the <a href=\"https:\/\/fly.finance\/blog\/education-loan\/vidya-lakshmi-portal-union-bank-of-india\/\"><strong>Union Bank Vidya Lakshmi education loan<\/strong><\/a> portal. Check the major features of Union Bank education loans below:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Union Bank Education Loan<\/strong><\/td><td><strong>Major Features<\/strong><\/td><\/tr><tr><td>Maximum Loan Amount<\/td><td>Based on Requirements (usually INR 1.5 crore)<\/td><\/tr><tr><td>Rate of Interest<\/td><td>Starting from 8.80%<\/td><\/tr><tr><td>Repayment Period<\/td><td>Up to 15 years<\/td><\/tr><tr><td>Margin Money<\/td><td>&#8211; No Margin Money up to INR 4 lakh<br>&#8211; 15% margin money for loans above INR 4 lakh<\/td><\/tr><tr><td>Collateral Requirements <\/td><td>No collateral is required for loans up to INR 40 lakhs<\/td><\/tr><tr><td>Processing Fee<\/td><td>NA<\/td><\/tr><tr><td>Foreclosure Charge<\/td><td>NA<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: Planning to pursue a career in medicine and surgery abroad? Check here all about <\/strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-mbbs\/\"><strong>Education Loan for MBBS<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-guidelines-for-students-to-select-between-credila-and-union-bank-education-loan\"><span id=\"guidelines-for-students-to-select-between-credila-and-union-bank-education-loan\">Guidelines for Students to Select between Credila and Union Bank Education Loan<\/span><\/h2>\n\n\n\n<p>Union Bank and Credila are both renowned financial institutions that provide education loans. Students can make a more informed decision between Credila and Union Bank education loans, depending on their specific needs and financial situations, by understanding some important guidelines below:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You must compare the terms and conditions of the education loan offered by both Credila and Union Bank<\/li>\n\n\n\n<li>Check the interest rates offered by both lenders and choose the one that suits your requirements<\/li>\n\n\n\n<li>If you want to take advantage of the government subsidies, then you must choose Union Bank of India for an education loan<\/li>\n<\/ul>\n\n\n\n<p>These were some of the major differences between Credila and Union Bank education loans for studying abroad. Check some common FAQs based on the same below:<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1725272377902\"><strong class=\"schema-faq-question\">What is the maximum loan amount offered by Credila and Union Bank for education loans?<\/strong> <p class=\"schema-faq-answer\">Credila offers education loans as per the requirements. The Union Bank provides education loans up to INR 1.5 crore, with unsecured loans available up to 100% finance, covering tuition fees &amp; ancillary expenses. The amount may be higher based on the requirements of the students.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1725272385991\"><strong class=\"schema-faq-question\">How do the interest rates compare between Credila and Union Bank education loans?<\/strong> <p class=\"schema-faq-answer\">Credila offers education loans with interest rates ranging from 9.75%* p.a. onwards, which can be slightly higher than public sector banks. Union Bank, being a government bank, provides more affordable interest rates starting from 8.80%.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1725272403650\"><strong class=\"schema-faq-question\">What is the repayment period for education loans offered by Credila and Union Bank?<\/strong> <p class=\"schema-faq-answer\">Credila allows a repayment period of up to 15 years, giving students ample time to repay the loan. Union Bank also offers the same repayment period of up to 15 years.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1725272411085\"><strong class=\"schema-faq-question\">How can students apply for education loans from Credila and Union Bank?<\/strong> <p class=\"schema-faq-answer\">Students can apply for a Credila education loan directly through the official Credila website. For Union Bank education loans, students need to apply via the Vidya Lakshmi Portal.<\/p> <\/div> <\/div>\n\n\n\n<p>To know more about <a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a>, the best <a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, <a href=\"https:\/\/fly.finance\/forex\"><strong>forex<\/strong><\/a> and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.<\/p>\n\n\n\n<p><strong>Related Blogs<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/sbi-zero-balance-account\/\"><strong>SBI Zero Balance Account<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/sbi-student-account\/\"><strong>SBI Student Account<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loans-for-bds-abroad\/\"><strong>Education Loan for BDS Abroad<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-masters-in-pharmacy\/\"><strong>Education Loan for Masters in Pharmacy in UK<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/mba-education-loan-interest-rates\/\"><strong>MBA Education Loan Interest Rates<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/sbi-interest-certificate\/\"><strong>SBI Interest Certificate<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-ms-in-business-analytics-in-uk\/\"><strong>Education Loan for MS in Business Analytics in UK<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-for-masters-in-cardiology-in-uk\/\"><strong>Education Loan for Masters in Cardiology in UK<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/student-budget\/uk-visa-application-fee\/\"><strong>UK Visa Application Fee<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/saraswat-bank-education-loan\/\"><strong>Saraswat Bank Education Loan<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12,4.622c2.403,0,2.688,0.009,3.637,0.052c0.877,0.04,1.354,0.187,1.671,0.31c0.42,0.163,0.72,0.358,1.035,0.673 c0.315,0.315,0.51,0.615,0.673,1.035c0.123,0.317,0.27,0.794,0.31,1.671c0.043,0.949,0.052,1.234,0.052,3.637 s-0.009,2.688-0.052,3.637c-0.04,0.877-0.187,1.354-0.31,1.671c-0.163,0.42-0.358,0.72-0.673,1.035 c-0.315,0.315-0.615,0.51-1.035,0.673c-0.317,0.123-0.794,0.27-1.671,0.31c-0.949,0.043-1.233,0.052-3.637,0.052 s-2.688-0.009-3.637-0.052c-0.877-0.04-1.354-0.187-1.671-0.31c-0.42-0.163-0.72-0.358-1.035-0.673 c-0.315-0.315-0.51-0.615-0.673-1.035c-0.123-0.317-0.27-0.794-0.31-1.671C4.631,14.688,4.622,14.403,4.622,12 s0.009-2.688,0.052-3.637c0.04-0.877,0.187-1.354,0.31-1.671c0.163-0.42,0.358-0.72,0.673-1.035 c0.315-0.315,0.615-0.51,1.035-0.673c0.317-0.123,0.794-0.27,1.671-0.31C9.312,4.631,9.597,4.622,12,4.622 M12,3 C9.556,3,9.249,3.01,8.289,3.054C7.331,3.098,6.677,3.25,6.105,3.472C5.513,3.702,5.011,4.01,4.511,4.511 c-0.5,0.5-0.808,1.002-1.038,1.594C3.25,6.677,3.098,7.331,3.054,8.289C3.01,9.249,3,9.556,3,12c0,2.444,0.01,2.751,0.054,3.711 c0.044,0.958,0.196,1.612,0.418,2.185c0.23,0.592,0.538,1.094,1.038,1.594c0.5,0.5,1.002,0.808,1.594,1.038 c0.572,0.222,1.227,0.375,2.185,0.418C9.249,20.99,9.556,21,12,21s2.751-0.01,3.711-0.054c0.958-0.044,1.612-0.196,2.185-0.418 c0.592-0.23,1.094-0.538,1.594-1.038c0.5-0.5,0.808-1.002,1.038-1.594c0.222-0.572,0.375-1.227,0.418-2.185 C20.99,14.751,21,14.444,21,12s-0.01-2.751-0.054-3.711c-0.044-0.958-0.196-1.612-0.418-2.185c-0.23-0.592-0.538-1.094-1.038-1.594 c-0.5-0.5-1.002-0.808-1.594-1.038c-0.572-0.222-1.227-0.375-2.185-0.418C14.751,3.01,14.444,3,12,3L12,3z M12,7.378 c-2.552,0-4.622,2.069-4.622,4.622S9.448,16.622,12,16.622s4.622-2.069,4.622-4.622S14.552,7.378,12,7.378z M12,15 c-1.657,0-3-1.343-3-3s1.343-3,3-3s3,1.343,3,3S13.657,15,12,15z M16.804,6.116c-0.596,0-1.08,0.484-1.08,1.08 s0.484,1.08,1.08,1.08c0.596,0,1.08-0.484,1.08-1.08S17.401,6.116,16.804,6.116z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Instagram<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-linkedin  wp-block-social-link\"><a href=\"https:\/\/www.linkedin.com\/company\/flyfinance\/\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M19.7,3H4.3C3.582,3,3,3.582,3,4.3v15.4C3,20.418,3.582,21,4.3,21h15.4c0.718,0,1.3-0.582,1.3-1.3V4.3 C21,3.582,20.418,3,19.7,3z M8.339,18.338H5.667v-8.59h2.672V18.338z M7.004,8.574c-0.857,0-1.549-0.694-1.549-1.548 c0-0.855,0.691-1.548,1.549-1.548c0.854,0,1.547,0.694,1.547,1.548C8.551,7.881,7.858,8.574,7.004,8.574z M18.339,18.338h-2.669 v-4.177c0-0.996-0.017-2.278-1.387-2.278c-1.389,0-1.601,1.086-1.601,2.206v4.249h-2.667v-8.59h2.559v1.174h0.037 c0.356-0.675,1.227-1.387,2.526-1.387c2.703,0,3.203,1.779,3.203,4.092V18.338z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">LinkedIn<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-twitter  wp-block-social-link\"><a href=\"https:\/\/twitter.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M22.23,5.924c-0.736,0.326-1.527,0.547-2.357,0.646c0.847-0.508,1.498-1.312,1.804-2.27 c-0.793,0.47-1.671,0.812-2.606,0.996C18.324,4.498,17.257,4,16.077,4c-2.266,0-4.103,1.837-4.103,4.103 c0,0.322,0.036,0.635,0.106,0.935C8.67,8.867,5.647,7.234,3.623,4.751C3.27,5.357,3.067,6.062,3.067,6.814 c0,1.424,0.724,2.679,1.825,3.415c-0.673-0.021-1.305-0.206-1.859-0.513c0,0.017,0,0.034,0,0.052c0,1.988,1.414,3.647,3.292,4.023 c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li>\n\n<li class=\"wp-social-link wp-social-link-facebook  wp-block-social-link\"><a href=\"https:\/\/www.facebook.com\/Flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 2C6.5 2 2 6.5 2 12c0 5 3.7 9.1 8.4 9.9v-7H7.9V12h2.5V9.8c0-2.5 1.5-3.9 3.8-3.9 1.1 0 2.2.2 2.2.2v2.5h-1.3c-1.2 0-1.6.8-1.6 1.6V12h2.8l-.4 2.9h-2.3v7C18.3 21.1 22 17 22 12c0-5.5-4.5-10-10-10z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Facebook<\/span><\/a><\/li><\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Difference between Credila and Union Bank Education Loan: Credila is one of the best NBFCs (Non-Banking Financial Institutions) known for providing education loans to study abroad. Students can get secured and unsecured education loans from Credila at affordable interest rates. Union Bank of India is one of India&#8217;s leading public sector banks that provides education &#8230; <a title=\"Credila Vs Union Bank Education Loan\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/\" aria-label=\"Read more about Credila Vs Union Bank Education Loan\">Read more<\/a><\/p>\n","protected":false},"author":24,"featured_media":20435,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-15009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Credila Vs Union Bank Education Loan<\/title>\n<meta name=\"description\" content=\"Check here some of the major differences between Credila and Union Bank education loans for overseas studies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Credila Vs Union Bank Education Loan\" \/>\n<meta property=\"og:description\" content=\"Check here some of the major differences between Credila and Union Bank education loans for overseas studies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-02T10:25:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-02T08:58:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.fly.finance\/uploads\/2024\/09\/Credila-Vs-Union-Bank-Education-Loan.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Shekhar Suman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shekhar Suman\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Credila Vs Union Bank Education Loan","description":"Check here some of the major differences between Credila and Union Bank education loans for overseas studies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/","og_locale":"en_US","og_type":"article","og_title":"Credila Vs Union Bank Education Loan","og_description":"Check here some of the major differences between Credila and Union Bank education loans for overseas studies.","og_url":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/","og_site_name":"Fly Finance","article_published_time":"2024-09-02T10:25:11+00:00","article_modified_time":"2025-08-02T08:58:50+00:00","og_image":[{"width":1024,"height":640,"url":"https:\/\/flyblog.fly.finance\/uploads\/2024\/09\/Credila-Vs-Union-Bank-Education-Loan.webp","type":"image\/webp"}],"author":"Shekhar Suman","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Shekhar Suman","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/"},"author":{"name":"Shekhar Suman","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/fed86910ad7a5396db3f509f7f6f2e48"},"headline":"Credila Vs Union Bank Education Loan","datePublished":"2024-09-02T10:25:11+00:00","dateModified":"2025-08-02T08:58:50+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/"},"wordCount":1038,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/uploads\/2024\/09\/Credila-Vs-Union-Bank-Education-Loan.webp","articleSection":["Education Loan"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#respond"]}],"accessibilityFeature":["tableOfContents"]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/","url":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/","name":"Credila Vs Union Bank Education Loan","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/uploads\/2024\/09\/Credila-Vs-Union-Bank-Education-Loan.webp","datePublished":"2024-09-02T10:25:11+00:00","dateModified":"2025-08-02T08:58:50+00:00","description":"Check here some of the major differences between Credila and Union Bank education loans for overseas studies.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272377902"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272385991"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272403650"},{"@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272411085"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/uploads\/2024\/09\/Credila-Vs-Union-Bank-Education-Loan.webp","contentUrl":"https:\/\/flyblog.fly.finance\/uploads\/2024\/09\/Credila-Vs-Union-Bank-Education-Loan.webp","width":1024,"height":640,"caption":"Credila Vs Union Bank Education Loan"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"Education Loan","item":"https:\/\/fly.finance\/blog\/category\/education-loan\/"},{"@type":"ListItem","position":3,"name":"Credila Vs Union Bank Education Loan"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/fed86910ad7a5396db3f509f7f6f2e48","name":"Shekhar Suman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f364ae9617b8586195ccc6e5aff93f87f3a2072d38861c2f686c4a2a55b25de5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f364ae9617b8586195ccc6e5aff93f87f3a2072d38861c2f686c4a2a55b25de5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f364ae9617b8586195ccc6e5aff93f87f3a2072d38861c2f686c4a2a55b25de5?s=96&d=mm&r=g","caption":"Shekhar Suman"},"description":"Shekhar is a versatile writer with a passion for sharing knowledge and creativity. With expertise in crafting informative blogs on study abroad and finance, Shekhar helps readers navigate the complexities of education and financial planning. Most of his writings blend the practicality of finance and the beauty of language, making a meaningful impact in both spheres. Beyond his professional pursuits, he finds solace in the writing Shayari.","sameAs":["https:\/\/in.linkedin.com\/in\/thahankmoody","https:\/\/www.tumblr.com\/blog\/dhanlabh"],"url":"https:\/\/fly.finance\/blog\/author\/shekhar\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272377902","position":1,"url":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272377902","name":"What is the maximum loan amount offered by Credila and Union Bank for education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Credila offers education loans as per the requirements. The Union Bank provides education loans up to INR 1.5 crore, with unsecured loans available up to 100% finance, covering tuition fees &amp; ancillary expenses. The amount may be higher based on the requirements of the students.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272385991","position":2,"url":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272385991","name":"How do the interest rates compare between Credila and Union Bank education loans?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Credila offers education loans with interest rates ranging from 9.75%* p.a. onwards, which can be slightly higher than public sector banks. Union Bank, being a government bank, provides more affordable interest rates starting from 8.80%.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272403650","position":3,"url":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272403650","name":"What is the repayment period for education loans offered by Credila and Union Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Credila allows a repayment period of up to 15 years, giving students ample time to repay the loan. Union Bank also offers the same repayment period of up to 15 years.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272411085","position":4,"url":"https:\/\/fly.finance\/blog\/education-loan\/credila-vs-union-bank-education-loan\/#faq-question-1725272411085","name":"How can students apply for education loans from Credila and Union Bank?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Students can apply for a Credila education loan directly through the official Credila website. For Union Bank education loans, students need to apply via the Vidya Lakshmi Portal.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/15009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=15009"}],"version-history":[{"count":11,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/15009\/revisions"}],"predecessor-version":[{"id":20442,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/15009\/revisions\/20442"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/20435"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=15009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=15009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=15009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}