Snapdeal ties up with educational loan specialist credila

Tuesday, Sep 22, 2015,16:07 IST By Metrovaartha A A A

New Delhi | Online marketplace Snapdeal today tied up with educational loans specialists Credila, an HDFC group company to launch the country’s first customized education loans offering on an e-commerce platform.
With increasing need for personalized loans for a variety of educational needs, the partnership will usher faster loan process, at the click of a button.
Customers will have the opportunity to get exciting benefits like up to 100 per cent finance of their education with no upper cap on loan and easy EMI repayments at attractive rates of interest, said the company. ”Our aim is to create a digital commerce platform that caters to diverse consumption needs of our consumers.
With hiking costs of education, student fees have become one of the highest spends that a household incurs.
With a trusted partner like Credila that specializes in education financing, the customized study loan will be a great addition to Snap deal’s portfolio of financial services offerings,” said Tony Navin, Senior Vice President, Partnerships and Strategic Initiatives, Snapdeal in a statement.
This association marks a historic beginning of having education loan accessible through an e-commerce platform. From a student population of 30 million in the country, less than 10 per cent avail education loans.
Credila has developed customized loan plans which have made us one of the most trusted education loan providers in India, Credila added.
The special privileges and benefits on allied products relevant for students makes Credila’s Loan offering even more exciting.
This education loan is the latest addition to Snapdeal, online shopping website.