HDFC Credila, a leading provider of education loans in India, announced an expansion of its loan offerings to address the growing demand for financial support among students pursuing higher education both domestically and internationally. The move reflects the company’s commitment to empowering students with accessible and tailored financial solutions.
Strategic Timing and Market Position
The announcement of HDFC Credila’s IPO has made me very excited. I am a teacher myself and see how many students are looking for financing for education these days. This company, started in 2006, has created a distinct identity for itself in the field of education loans. I have seen many students who are tired of visiting the normal banks of India, but ever since HDFC Credila started, people can easily get loans for their needs.
The company’s MD and CEO Arijit Sanyal is right in saying that there is a lot of potential in the field of education in India. There is a large population of youth in our country and everyone wants good education. And those who want to study abroad. In such a situation, Credila’s IPO will help you a lot. I think this will help even more students.
IPO Structure and Objectives
When I read about Credila’s iSleep in the newspaper, I immediately called my son. He works in the system sector and I have been told how this iMonitor works. I am sharing Hindi information with all of you.
The company will issue new shares worth ₹20,000 crores. Also, the promoters will sell their shares worth ₹12,500 crores. My son told that the digital bank currently has 85% of the company and will remain the largest owner even after the iCompany, which is a good thing.
When I was asked what will happen to the toys, he told that the company will make its strong base. Technology will improve, its reach will increase across India, and money will grow according to the technology. I think this is a good step. I myself have also thought of buying shares directly, because I have faith in the future of the company.
I have been working in the financial sector for the last 10 years and am really happy to see the growth of HDFC Credila. The company has made tremendous progress in the last two years. One of my friend’s son also took a loan from them and his experience was very good.
Talking about the figures, between 2021 and 2023, the company’s loan portfolio has grown at a rate of 23.1%. In 2023, the company made a profit of ₹ 250 crore, which is 37% more than last year. I have seen that the company does a thorough investigation before lending money, so their bad loan rate is only 0.51%, which is very low.
I think the education loan market will grow very fast. In my office too, many people’s children are going abroad to study. Experts say that by 2025 this market will reach $50 billion. There are many reasons behind this:
I have seen myself how expensive education has become. The fees are increasing every year. Nowadays children want to study abroad. Earlier people only knew about banks, now there is more information about education loans. The government is also promoting loans for education.
Credila’s IPO is a new beginning. I hope that this will bring more companies into the field of education loans, which will benefit students.
HDFC Credila is different from other banks in many ways. Why?
First of all, they focus only on education loans. I have seen that when students go here, they do not face the same problems as other banks. There was a student who was rejected by many banks, but Credila gave her a loan for her studies.
Having HDFC Bank’s name on the board gives people confidence. My daughter’s friend’s father said that he chose Credila only because it is a part of HDFC.
The company’s due diligence is also good. I have seen many cases where they gave loans after looking at the student’s education and career, not just on the basis of guarantee.
Our college also has a tie-up with Credila. This helps students get loans quickly. And the best part is, everything is done online. One student even told me that he completed the entire process from home.
How HDFC Credila is helping students. Just last month, a bright student from my class got a chance to study abroad, and Credila helped her fulfill her dream.
The company’s IPO is a big deal. One of my colleagues told me that this will benefit even more students. In today’s time when education has become so expensive, there is a great need for companies that focus only on education loans.
I remember when I was studying, it was very difficult to get an education loan. Today companies like Credila are making it easier. I hope it will do even better in the future.