HDFC to target education loan segment

Tuesday, March 30, 2010   |    1 Comments
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Mumbai: Seeing the potential in the education loan segment, HDFC Bank will target this segment through Credila financial services which specializes in education loans. The bank has 41 percent stake in the organization, reports Rupee Times. Renu Sud Karnad, Managing Director, Housing Development Finance Corporation (HDFC) said, "Credila is a tiny company today. But in the coming years, we want to push education loans through it. We see a good market for loans for college education. We want to use the HDFC expertise to see quick turnaround times." She denied any plans of HDFC going for a stake sale in HDFC Bank in the upcoming financial year. Menwhile, the bank has denied any possibility to follow the path of SBI, as SBI extended its teaser home loan season till April 30. The bank had stopped its teaser loan scheme earlier in March this year and has no plans in the near future to come back with teaser home loans.
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