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Lemma One & Credila agreement for education loan application at your doorstep.
No running around…no fuss…nothing


Some embassies accept Personal Loan, Mortgage Loan, Crop Loan and other forms of loan as evidence of finances. Contact Lemma One for relevant information.

    Lemma One Consulting’s understanding with Credila is meant for your benefit. Credila offers doorstep services to students who want apply for education loan for overseas education. If you loan application is approved, Credila can disburse loan to you either prior to your visa application or after confirmation of visa approval from the embassy.
    Credila sanctions loan upto 100% of education expenses without any margin money.
    Loan Amount
    Credila normally processes loan ranging from
Rs. 100,000/- to Rs. 20,00,000/-
    Loan Disbursement
    The loan will be disbursed in India in Indian Rupees which can be converted in foreign currency by the student wherever required. Repayments of the loan to be made by the borrower in Indian Rupees only.
    Loan Eligibility
Borrower must be an Indian citizen
Co-borrower(s) must be an Indian citizen
Borrower must be 18 years of age or older
Co-borrower(s) must have a bank account in any bank in India with cheque writing facilities
Confirmed admission in the colleges before disbursement
Borrower and Co-borrower(s) to meet Credila's credit and underwriting norms as applicable from time to time
    Co-borrower Requirements
It is mandatory to bring in an earning co-borrower(s) based in India to support the Education Loan application.
Co-borrower(s) may be any of the following relatives, viz Father / Mother / Brother / Sister (married) /Spouse, where such co-borrower's income would be considered in determining the loan eligibility per Credila's credit and underwriting norms
Co-borrower's liability is co extensive with the Student;
Co-borrower(s) to provide documentary proof to establish their relationship with the student, to the satisfaction of Credila
In case the collateral to be provided is not provided by one of the above relatives, then the collateral could be provided by one of the following relatives provided they are brought into the arrangement as Co-borrower(s) viz: Father-in-law; Mother-in-law; Sister-in-law; Brother-in-law; Maternal or Paternal Uncle or Aunt, Grandparents & First Cousins
What Costs Are Covered?
All of the tuition fees as determined by the college/University
Up to 100% of other expenses including living and hostel expenses, examination fees, library/laboratory fees; purchase of books / equipments/instruments/uniforms; passage money for studies abroad; purchase of computers / laptops considered necessary for completion of the course as decided by Credila
Travel fare restricted to one economy class return ticket between India and the country of study, if applicable
  The following types of collateral are accepted by Credila:
Residential Flat
Residential House
Non-Agricultural Land
A Fixed Deposit, assigned in favor of Credila
  It should be noted that this agreement between Lemma One Consulting and Credila is an arrangement to provide better services to students. The decision of Credila on loan application is the sole prerogative of Credila. Students and/or their parents and/or their representatives and/or co-borrowers are solely responsible for any financial transaction with Credila with reference to their loan application. The decision of Credila on all matters arousing from loan application eg. loan amount, repayment terms and conditions, rate of interest etc. is an understanding solely between Credila and the student and Lemma One Consulting is in no way involved in the process. Lemma One Consulting is neither a party nor can be held accountable or responsible in any way whatsoever for any dispute that may arise between Credila and the student and/or his parents and/or his representatives and/or co-borrowers of the loan.
6-3-652/D, 7A, 7th Floor, Dhruvatara Apartment
Central Road, Somajiguda, Hyderabad - 82, AP, India

  T: +91-40-66635223 / 24
+91 99890 44403 / 02

  E: info@lemmaone.com

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