You are here: Home » Companies » News
Business Standard

Snapdeal and Credila tie up to provide online education loans

From a student population of 30 mn in country, less than 10% avail education loans

Kalpana Pathak  |  Mumbai 

Snapdeal and Credila tie up to provide online education loans

Online marketplace Snapdeal has tied up with educational loan provider Credila (HDFC group company), to provide customised education loans offering on an e-commerce platform.

The partnership will allow faster loan process, at the click of a button.

Customers will have the opportunity to avail exciting benefits like up to 100% finance of their education with no upper cap on loan and easy EMI repayments at attractive rates of interest.

Tony Navin, Senior Vice President, Partnerships and Strategic Initiatives, Snapdeal said “With rising costs of education, student fees has become one of the highest spends that a household incurs. The customised study loan will be a great addition to Snapdeal’s portfolio of Financial Services offerings.”

From a student population of 30 million in the country, less than 10% avail education loans.


Chandini Sehgal, Head-Marketing & Channels at Credila commented, "Factoring in specific consumer requirements, Credila has developed customised loan plans which have made us one of the most trusted education loan providers in India. Our synergistic partnership with Snapdeal will enable us to extend our reach to a vast audience, enabling convenient access and seamless loan application through the online marketplace."

This education loan is the latest addition to Snapdeal’s expanding portfolio of financial services which includes personal loans, home loans and co-branded Snapdeal HDFC credit card.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 22 2015. 13:33 IST
RECOMMENDED FOR YOU
.