Dear

Friends,

Hum Fauji Initiatives has always endeavoured to come out with products and services which are your
need of the times, provide great value-for-money to you and are the very best in the industry. We bring to
you International Education Loans from Credila, a HDFC Company, which deals solely in educational
loans
(www.credila.com)
Why

Education

Loans

for

International

Education

Meet Your Child's Foreign Education Dreams

The number of Indian students going abroad for studies is increasing by the day. As parents and students
realise the additional value that quality education can add to a students life, this aspiration, thought to be
out-of-reach by most, is becoming a very-everyday occurrence in the Indian society. Education Loans
bridge this gap between aspiration and reality. Education loans have the following advantages over own
Hum
Fauji Initiatives contactus@humfauji.com via mail62.atl11.rsgsv.net
funding:The entire interest paid is tax-free under Income Tax Act Section 80E without any upper limit. An individual
can avail of tax benefit if he/she has taken an education loan to HUM
support
higher
studies ofexclusive
self, spouse,
FAUJI
INITIATIVES,
wealth creators for Armed
forces
officers,
serving
children or for the student of whom he/she is the legal guardian. So
education
loan
taken or
forretired
siblingsand
or their relatives.
other relatives don't qualify for Section 80E benefit. It is available for a maximum of 8 years (initial
(Please enable 'Display Images Below' in your browser to
assessment year + 7 assessment years immediately succeeding see
the initial
assessment
year or until the
the complete
mail)
interest is paid by the assessee in full, whichever is earlier). Thus, after factoring in the tax exemption, the
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after-tax
effective
rate
of
interest
is
quite
low.

Education
Loan
2,00,000
4,00,000
6,00,000
15,00,000
20,00,000
Note:

Rate of
Interest
Yearly Tax Effective
Financial
Freedom
for you...Rate
Forever...
Interest
amount
Savings Our Exclusive
of Services for YOU
Interest
13.50%
27,000 8,910
9.05%
13.50%
13.50%
13.50%
13.50%

Above

table

54,000
81,000
2,02,500
2,70,000

17,820
26,730
66,825
89,100

assumes

your

9.05%
9.05%
9.05%
9.05%
tax

bracket

to

be

30%.

Loan principal repayment may start after the students completion of studies and grace period. Hence, the
loan payment burden can be deferred and distributed between various co-borrowers.
Generally
any
amount
up
to
100%
of
the
fee
may
be
funded.
w w w . hpaid
u m f aand
u j i . cthus
o m cover
Loan may also cover fees already
any borrowed money.
Enables dreams to turn to reality. Imagine that this loan can facilitate your bright childs Ivy League studies
in
the
USA!
We're sure you will find our noble initiative interesting and fruitful.
We assure you, associating with this novel initiative will be the best gift and security that you can ever
give
Why
Credila
to yourself and your family.
Credila is the Education Loan subsidiary of HDFC Limited, the most respected home finance company in
the country.

It is the 1st dedicated education loan company in India. It has a very comprehensive database
about the funding requirements and other
details of every major university all over the world,
Website
making the whole process very simple and easy for you.

With systems and procedures very streamlined, its loan processing is very quick and smooth
unlike banks where bureaucracy rules.

It funds up to 100% education and living expenses. No margin money is required, unlike banks.
Hence, family savings can be used for other family needs.

The only lender in India which can offer more than Rs 20 Lakhs of education loan. Hence, no

You can contact us on

+91- 9999 022 033 / 011 - 4054 5977 / 011 - 4240 2032
contactus@humfauji.com
www.humfauji.com

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Hum Fauji Initiatives E-511, 2nd Floor, Ramphal Chowk, Sector 7, Dwarka, Delhi 110077 India

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