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Credila Financial Services is a non-banking finance company and subsidiary of Housing Development Finance Corporation, the largest mortgage lender in India. It is a major provider of Student loan in India.

Overview
Credila provides education loan to Indian students for higher education in both India and abroad.

The Company has network of various regional offices in India, including offices in Delhi, Pune, Bangalore, Chennai, Kolkata, Ahmedabad, Hyderabad, Gurgaon, Noida and Nashik. In addition; it also has access to HDFC’s branch outlets and has tie-ups with private sector banks for sourcing business. Credila has AA+ credit rating by CRISIL and a rating of AA+ from ICRA Limited.

History
Credila Financial Services Private Limited was established in February 2006 with DSP Meryll Lynch, which held equity stake of around 40%. The company became a subsidiary of Housing Development Finance Corporation (HDFC) in 2010, when HDFC bought DSP Meryll Lynch’s stake.