Snapdeal and HDFC Credila tie up to provide online education loans

September 22, 2015

Online marketplace Snapdeal has tied up with educational loan provider HDFC 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 HDFC Credila commented, "Factoring in specific consumer requirements, HDFC 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.