{"id":4648,"date":"2023-05-31T11:46:12","date_gmt":"2023-05-31T06:16:12","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=4648"},"modified":"2023-05-31T11:46:13","modified_gmt":"2023-05-31T06:16:13","slug":"study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/","title":{"rendered":"Study Abroad Loans: BPEA EQT Set to Acquire Majority Stake in HDFC Credila\u00a0for $1.5 Billion\u00a0"},"content":{"rendered":"\n<p>Formerly known as Baring Private Equity Asia, BPEA EQT is set to buy HDFC Credila<strong><a href=\"https:\/\/leverageedu.com\/blog\/hdfc-education-loan\/\"> <\/a><\/strong>for $1.5 billion (INR 12,000 crore). Credila is the <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/study-loan-for-abroad-procedure\/\">education loan<\/a><\/strong> entity of HDFC. <\/p>\n\n\n\n<p>The aforementioned acquisition deal is in its final stages. This deal is likely to conclude in June 2023. This announcement precedes the merger between Housing Development Finance Corporation (HDFC) and <strong><a href=\"https:\/\/leverageedu.com\/blog\/hdfc-education-loan\/\">HDFC Bank<\/a><\/strong>.<\/p>\n\n\n\n<p>Other interested parties in this deal are Warburg Pincus, and ADIA (Abu Dhabi Investment Authority). The Government Of Singapore Investment Corporation (GIC) was also bidding for the deal. Other runners of this acquisition include TA Associates, Blackstone, CVC Capital, and Carlyle.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/LeadStoryOnET?src=hash&amp;ref_src=twsrc%5Etfw\">#LeadStoryOnET<\/a> | <br>Baring Private Equity Asia (BPEA) EQT is set to acquire <a href=\"https:\/\/twitter.com\/hashtag\/Credila?src=hash&amp;ref_src=twsrc%5Etfw\">#Credila<\/a> Financial Services, the educational loan arm of Housing Development Finance Corp (HDFC), for $1.3-1.5 billion (Rs 10,000 crore-12,000 crore)<a href=\"https:\/\/t.co\/OT8BMgBoha\">https:\/\/t.co\/OT8BMgBoha<\/a><\/p>&mdash; Economic Times (@EconomicTimes) <a href=\"https:\/\/twitter.com\/EconomicTimes\/status\/1663014799750430720?ref_src=twsrc%5Etfw\">May 29, 2023<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-hdfc-credila\"><span id=\"hdfc-credila\">HDFC Credila<\/span><\/h2>\n\n\n\n<p>HDFC Credila is a leading <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/nbfc-education-loan-for-studying-abroad\/\">non-banking financial company (NBFC)<\/a><\/strong> in India. It specialises in providing education loans to students pursuing higher education in India or abroad. Here are some key facts about HDFC Credila Education Loan:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-loan-eligibility\"><span id=\"loan-eligibility\">Loan Eligibility<\/span><\/h3>\n\n\n\n<p>HDFC Credila offers education loans to Indian students enrolled in recognised universities abroad and in India. These loans are for various courses such as undergraduate, postgraduate, doctoral, and vocational programs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-loan-amount\"><span id=\"loan-amount\">Loan Amount<\/span><\/h3>\n\n\n\n<p>The <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/maximum-education-loan-for-abroad-studies\/\">student loan amount<\/a><\/strong> offered by HDFC Credila depends on factors such as the course, university, and country of study. Typically, students can avail of loans starting from INR 1 lakh up to INR 40 lakh or even higher. This loan amount depends on the program and other factors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-collateral-and-margin-money\"><span id=\"collateral-and-margin-money\">Collateral and Margin Money<\/span><\/h3>\n\n\n\n<p>HDFC Credila offers both secured and <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/list-of-unsecured-loans-for-study-abroad\/\">unsecured education loans<\/a><\/strong>. In the case of unsecured loans, no collateral or security is required. However, for <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/how-much-education-loan-can-you-get-to-study-abroad\/\">higher loan amounts<\/a><\/strong> or certain programs, HDFC Credila may require collateral or a co-applicant. The <strong><a href=\"https:\/\/leverageedu.com\/learn\/understanding-margin-money-in-education-loan\/\">margin money <\/a><\/strong>typically varies between 5% and 20%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-interest-rates\"><span id=\"interest-rates\">Interest Rates<\/span><\/h3>\n\n\n\n<p>The interest rates for HDFC Credila Education Loan are competitive and depend on factors such as the loan amount, repayment tenure, creditworthiness of the borrower, and market conditions. The <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-interest-for-abroad\/\">interest rates<\/a> <\/strong>are generally higher for unsecured loans compared to secured loans.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-repayment-options\"><span id=\"repayment-options\">Repayment Options<\/span><\/h3>\n\n\n\n<p>HDFC Credila provides flexible repayment options for education loans. The repayment period can range from 5 to 15 years, depending on the loan amount and the borrower&#8217;s preference. Repayment can be done through <strong><a href=\"https:\/\/fly.finance\/emi-calculator\">equated monthly instalments (EMIs)<\/a><\/strong>. Another option is through a customized repayment plan based on the borrower&#8217;s financial situation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-tax-benefits\"><span id=\"tax-benefits\">Tax Benefits<\/span><\/h3>\n\n\n\n<p>Under <strong><a href=\"https:\/\/fly.finance\/blog\/education-loan\/student-loan-tax-deduction\/\">Section 80E of the Income Tax Act<\/a><\/strong>, borrowers can avail of tax benefits on the interest paid on education loans. HDFC Credila provides the necessary documents and certificates required to claim these benefits.<\/p>\n\n\n\n<p>To get the latest <strong><a href=\"https:\/\/fly.finance\/\">study abroad loans<\/a><\/strong> update, stay in tune with <strong><a href=\"https:\/\/fly.finance\/blog\/news-updates\/\">Fly Finance News Desk<\/a><\/strong>. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>BPEA EQT is considered the frontrunner to buy HDFC Credila for up to $1.5 billion. Credila is the education loan unit of HDFC.<\/p>\n","protected":false},"author":5,"featured_media":4653,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-4648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Study Abroad Loans: BPEA EQT Set to Acquire Majority Stake in HDFC Credila\u00a0for $1.5 Billion\u00a0<\/title>\n<meta name=\"description\" content=\"BPEA EQT is considered the frontrunner to buy HDFC Credila for up to $1.5 billion. Credila is the education loan unit of HDFC.\" \/>\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\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Study Abroad Loans: BPEA EQT Set to Acquire Majority Stake in HDFC Credila\u00a0for $1.5 Billion\u00a0\" \/>\n<meta property=\"og:description\" content=\"BPEA EQT is considered the frontrunner to buy HDFC Credila for up to $1.5 billion. Credila is the education loan unit of HDFC.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-31T06:16:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-31T06:16:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2023\/05\/31114523\/Study-Abroad-Loans-BPEA-EQT-Set-to-Acquire-Majority-Stake-in-HDFC-Credila-for-1.5-Billion.png\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Fly Finance News Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fly Finance News Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Study Abroad Loans: BPEA EQT Set to Acquire Majority Stake in HDFC Credila\u00a0for $1.5 Billion\u00a0","description":"BPEA EQT is considered the frontrunner to buy HDFC Credila for up to $1.5 billion. Credila is the education loan unit of HDFC.","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\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/","og_locale":"en_US","og_type":"article","og_title":"Study Abroad Loans: BPEA EQT Set to Acquire Majority Stake in HDFC Credila\u00a0for $1.5 Billion\u00a0","og_description":"BPEA EQT is considered the frontrunner to buy HDFC Credila for up to $1.5 billion. Credila is the education loan unit of HDFC.","og_url":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/","og_site_name":"Fly Finance","article_published_time":"2023-05-31T06:16:12+00:00","article_modified_time":"2023-05-31T06:16:13+00:00","og_image":[{"width":720,"height":400,"url":"https:\/\/flyblog.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2023\/05\/31114523\/Study-Abroad-Loans-BPEA-EQT-Set-to-Acquire-Majority-Stake-in-HDFC-Credila-for-1.5-Billion.png","type":"image\/png"}],"author":"Fly Finance News Desk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Fly Finance News Desk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/"},"author":{"name":"Fly Finance News Desk","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/335685cb8a5a59ab15afe7f0ad3b55d0"},"headline":"Study Abroad Loans: BPEA EQT Set to Acquire Majority Stake in HDFC Credila\u00a0for $1.5 Billion\u00a0","datePublished":"2023-05-31T06:16:12+00:00","dateModified":"2023-05-31T06:16:13+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/"},"wordCount":435,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/31114523\/Study-Abroad-Loans-BPEA-EQT-Set-to-Acquire-Majority-Stake-in-HDFC-Credila-for-1.5-Billion.png","articleSection":["News Updates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/","url":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/","name":"Study Abroad Loans: BPEA EQT Set to Acquire Majority Stake in HDFC Credila\u00a0for $1.5 Billion\u00a0","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/31114523\/Study-Abroad-Loans-BPEA-EQT-Set-to-Acquire-Majority-Stake-in-HDFC-Credila-for-1.5-Billion.png","datePublished":"2023-05-31T06:16:12+00:00","dateModified":"2023-05-31T06:16:13+00:00","description":"BPEA EQT is considered the frontrunner to buy HDFC Credila for up to $1.5 billion. Credila is the education loan unit of HDFC.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/31114523\/Study-Abroad-Loans-BPEA-EQT-Set-to-Acquire-Majority-Stake-in-HDFC-Credila-for-1.5-Billion.png","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/05\/31114523\/Study-Abroad-Loans-BPEA-EQT-Set-to-Acquire-Majority-Stake-in-HDFC-Credila-for-1.5-Billion.png","width":720,"height":400,"caption":"Study Abroad Loans: BPEA EQT Set to Acquire Majority Stake in HDFC Credila for $1.5 Billion"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-bpea-eqt-set-to-acquire-majority-stake-in-hdfc-credila-for-1-5billion-dollar-news-2023-05\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/fly.finance\/blog\/category\/news-updates\/"},{"@type":"ListItem","position":3,"name":"Study Abroad Loans: BPEA EQT Set to Acquire Majority Stake in HDFC Credila\u00a0for $1.5 Billion\u00a0"}]},{"@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\/335685cb8a5a59ab15afe7f0ad3b55d0","name":"Fly Finance News Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a002f84246d1b3acc3e50683d6290b4ad8635ef0ccc78710229d513faca81376?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a002f84246d1b3acc3e50683d6290b4ad8635ef0ccc78710229d513faca81376?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a002f84246d1b3acc3e50683d6290b4ad8635ef0ccc78710229d513faca81376?s=96&d=mm&r=g","caption":"Fly Finance News Desk"},"sameAs":["https:\/\/fly.finance\/","https:\/\/www.instagram.com\/flydotfinance\/","https:\/\/www.linkedin.com\/company\/fly-finance\/"],"url":"https:\/\/fly.finance\/blog\/author\/flynews\/"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/4648","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=4648"}],"version-history":[{"count":1,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/4648\/revisions"}],"predecessor-version":[{"id":4651,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/4648\/revisions\/4651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/4653"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=4648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=4648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=4648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}