HDFC Credila vs. Axis Bank: Which is Better for Education Loans?

    Updated on: 23 Oct 2023 11 min read

    Axis bank vs HDFC Credila


    In the last financial year, the Indian financial market witnessed INR 17,000 Cr worth of education loans disbursed. The situations are positive for students planning their study abroad with an education loan, and the crucial thing is selecting the lender who offers the best education loan. 

    Axis Bank and HDFC Credila are two prominent lenders in the Indian market for study abroad loans. Both lenders offer education loans under different categories, but which is better depends on your eligibility and personal preferences.

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    Frequently asked questions

    Which is better for secured education loans - Axis Bank or HDFC Credila? 

    It depends on your situation to finalize Axis Bank or HDFC Credila for secured education loans.

    • If your collateral has a higher value than the amount you need, Axis Bank can be the choice, considering the lower interest rates and fewer fluctuations in interest rates. 
    • If your collateral has less value than the loan amount, HDFC Credila can be the better choice since it is more flexible with the collateral value than Axis Bank. 

    However, before choosing a lender, go through the terms and conditions thoroughly to make an informed decision considering your needs. 

    Which is better for unsecured education loans - Axis Bank or HDFC Credila? 

    For unsecured education loans, Axis Bank listed eligible universities for loan amounts of more than INR 7.5 Lakhs. If your university is on the list, Axis Bank can be the preference. 

    If your university is not listed by Axis Bank, HDFC Credila can be the ideal choice since HDFC Credila is more flexible with eligible universities and courses than Axis Bank. 

    How can I apply for an education loan from Axis Bank or HDFC Credila?

    You can apply either online or offline for an education loan from Axis Bank. 

    • To apply online, the easiest way is to check your eligibility and get in touch with GyanDhan for guidance throughout the process. 
    • To apply offline, you may visit the nearest branch of Axis Bank with the documents required for an education loan. The officials will provide you with guidance on the application. 



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Reviewed by Aman Jain

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.


Specializes in:
Education loan , Study Abroad Admissions


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GyanDhan is India's first education financing marketplace.



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