Credila vs Poonawalla Fincorp Student Loan Comparison

Student loan providers often differentiate themselves through unique benefits. In a Credila vs Poonawalla Fincorp student loan comparison, Credila allows you to apply for preadmission loans, and those with a GRE score of 320 or higher who secure admission in a QS Top-100 university can even get funding without the need for a financial co-applicant. Poonawalla Fincorp also extends similar flexibility with GRE/GMAT based eligibility and further strengthens its reach with over 100 branches in major cities, making loan support accessible to a wider student base.

Credila and Poonawalla Fincorp are two well-known names that offer student loans with different features, charges, and benefits. Comparing them side by side helps you decide which option fits your needs best in terms of Credila vs Poonawalla Fincorp loan eligibility.

Loan Limit, Interest and Repayment Tenure Credila vs Poonawalla Fincorp

When doing a Credila vs Poonawalla Fincorp student loan comparison, three factors matter the most: how much loan you can actually get, the rate of interest you will be charged, and the time you get to repay it. The loan limit decides whether your total study cost will be covered, the interest rate shows how affordable the monthly payments will be, and the repayment tenure gives you breathing space after completing your course. Looking at these aspects side by side helps you clearly see which lender suits your financial needs better, especially if you are considering Credila or Poonawalla Fincorp for low interest student loans.

For a better idea of your repayment journey make use of our EMI Calculator after reviewing the table.

Straight Through Process*

Processing Fee Credila and Poonawalla Fincorp

A processing fee is a one-time, non-refundable charge that lenders impose to cover the administrative work involved in evaluating your loan application such as checking documents, running credit checks, and underwriting. When looking at Credila vs Poonawalla Fincorp education loan processing fees, you’ll notice that both lenders follow different structures, which can make a noticeable difference in the total expense. Knowing how much each lender charges at the application stage allows you to compare options more effectively before making a choice.

Applicant and Co-Applicant Requirement in Credila vs Poonawalla Fincorp

For most education loans, especially unsecured ones, lenders prefer having a co-applicant. A co-applicant gives the bank or NBFC extra confidence that repayments will be made on time, as students usually do not have a stable income during their study period. In the context of Credila vs Poonawalla Fincorp education loan, knowing the co-applicant rules helps families understand eligibility better and plan accordingly.

Credila Applicant and Co-Applicant Income Requirements:

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  A co-applicant is mandatory for unsecured loans
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  Minimum co-applicant income should be up to ₹35,000 per month without any obligation
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  Acceptable co-applicants include parents, siblings, spouse, or close relatives

If you are going ahead with Poonawalla Fincorp, there are clear rules around the applicant’s age, co-applicant eligibility, and collateral. Understanding these conditions in advance helps avoid delays during the loan process, and also makes it easier to compare Credila vs Poonawalla Fincorp student loan eligibility.

Poonawalla Fincorp Applicant and Co-Applicant Income Requirements:

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  Applicant age: 16 - 60 years
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  Co-applicant age: 21 - 70 years
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  Non-financial co-applicant age: 21 - 80 years
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  Eligible co-applicant relationships: Parents, parents-in-law, siblings, spouse, first cousins, parent’s siblings, sister-in-law, brother-in-law, maternal or paternal uncle or aunt, grandparents, and cousins
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  These co-applicants are accepted only for collateral purposes, not as financial co-applicants
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  Collateral can be pledged either by a financial co-applicant or by any of the above relatives
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  Accepted collateral types: Residential flat/house, fixed deposits, commercial property, non-agricultural land/plot
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  Co-applicant must be salaried or self-employed

Bottom Line Credila vs Poonawalla Fincorp

You now have key information at your fingertips, from loan limits and interest rates to repayment tenure, processing fees, eligibility criteria, and co-applicant requirements. It is not about saying Credila or Poonawalla Fincorp which is better, it is about assessing what matters most to you. Credila gives you unique benefits like pre-admission loans and co-applicant relaxations with high GRE scores, while Poonawalla Fincorp stands out for offering a comparatively higher loan amount. This overall Credila vs Poonawalla Fincorp student loan comparison helps you understand the differences so you can decide what works best for your future.

If you are still deciding on Credila vs Poonawalla Fincorp student loan, check your loan eligibility with us to make the choice easier.

Frequently Asked Questions