You have the option of repaying the loan through ECS (ECS stands for Electronic Clearing System). It is a mode by which funds are automatically debited to your bank account every month, saving you the hassle of having to make payments personally every month.
You can choose to prepay your education loan with no applicable foreclosure or prepayment charges.
You are here with the facility of PMII/ MI change or the change in repayment* tenure according to your convenience. Simply mail us at, support@hdfccredila.com or visit your respective branch with your request details and loan application number.
We request you to follow the below steps to Change in Loan Repayment installment :-
(* terms and conditions of HDFC Credila's internal credit norms and regulation are applicable)