Overview

At Krea, we have a need- blind admission process and a need-aware financial assistance process that endeavours to support the financial need of a student who wishes to pursue his/her educational aspirations in the University. Assistance provided will depend on the income status of the parents / legal guardian, but will take into account other assessment parameters as well.

Our Office of Financial Assistance runs separately from the Office of Admissions. Data and information contained in your Financial Assistance application is not shared with the Office of Admissions.

We look forward to seeing you at Krea.

With best wishes,
Office of Financial Assistance

Financial Assistance

Step 1: Financial assistance form is enabled on the application portal only after the applicant has been shortlisted for Krea Immersive Case (KIC) Day

Step 2: Applicants submit the following details on the financial assistance form:

  1. Account of income and expenses
  2. Account of assets and liabilities
  3. Income Tax Returns for 3 years of earning members of the household
  4. Financial Statements for two years of the businesses that may be owned by family members

Step 3: Applicants bring all supporting documents on Krea Immersive Case (KIC) Day

Step 4: Receive decision on financial assistance

Please note: In case the information provided in the financial assistance application is insufficient, then the Office of Financial Assistance may seek additional information or conduct separate interviews and home visits, as required.

Eligibility for financial-assistance is broadly driven by family income. An indicative framework is provided below:

Family IncomeFinancial Assistance
Less than INR 10,00,000Up to 100% tuition fees that may also include living expenses depending on actual income and other related parameters
INR 10,00,000 – 50,00,000Up to 75% tuition fees depending on actual income and other related parameters
Greater than INR 50,00,000Nil

Please note that the final decision is based on a detailed review of all records and information that may be sought from the applicant and other sources.

  1. Krea university reserves the rights to change the quantum, eligibility and process for award of financial-assistance from time to time
  2. Based on any new information about the student’s financial background, Krea University reserves the right to change or cancel the assistance provided
  3. Financial-assistance disbursement over the years may be subject to certain conditions such as satisfactory academic progress of the student
  4. At any point, the Office of Financial Assistance may seek latest financial records such as:
    1. Bank and credit card statements
    2. Electricity, rent and other receipts
    3. Statement of loan accounts and related reports
  5. The Office of Financial Assistance may also commission and authorize independent consultants and field staff to conduct on-site checks, if required

Educational Loans

In an effort to make world-class education affordable to all, Krea University has collaborated with the following banks and financial institutions to enable students to explore education loan options.
It may be noted that Krea University will only facilitate access to education loans from these banks without any obligation on its part.

WeMakeScholars is an organization funded and supported by the IT Ministry, Govt of India with a motive to offer unbiased education loan support to aspirants. They are associated with 10+ public/banks and NBFCs in India and provide assistance to find the best education loan matching your profile. This application process is a free of charge initiative under the Digital Indian campaign which has benefited more than 10,000 students.
Loan amount- upto Rs 60 lacs funding 100% of the total expenses (course fee and living expenses)
Rate of interest – from 7.6%
Repayment tenure- up to 15 years
Moratorium Period – course Period + six months
No prepayment closure charges
100% tax benefit for interest paid under Sec (80E)

You can directly apply, here – https://www.wemakescholars.com/recommends/krea-university

For further information, please reach out to Indumathy at Mobile: +91 9393344424 or email ID hello@wemakescholars.com

A customized special Education Loan is made available for students of BA (Hons) and BSc (Hons).

      • Loan Amount: Minimum Rs. 7.5 lacs to Maximum 95% of the total course fee
      • Rate of Interest – Floating rate of 11.5 %* (linked to REPO RATE)
      • No Prepayment Charges
      • Repayment Tenure as Long as 10 Years
      • 100% Tax Benefit for interest paid under Sec (80E)

For complete details including eligibility, please contact Sivakumar K, Mobile: +919962596990, EMail ID : (sivakumar.k@axisbank.com) or Gowrishankar M, Mobile: +919600999638, Email ID: (gowrishankar1.m@axisbank.com).

      • Loan Amount: 100%
      • Rate of Interest: 11.5% – 12 % Floating ( Based on profile)
      • Repayment Tenure: Maximum 14 years
      • Repayment Details: Flexible repayment options – Direct EMI, Pre EMI, Full interest ( Based on profile)
      • 100% Tax Benefit for interest paid under Sec (80E)

For complete details including eligibility, please contact Rajendran R, Sr. Manager – Sales, HDFC Credila Financial Services Pvt. Ltd., Contact No: +91 8939653891/+91 44 2836 9353.

        • Loan Amount: Min Rs 1 Lakh and Max up to Rs 20 Lakhs
        • Rate of Interest – 12 %*
        • No Prepayment Charges
        • Repayment Type in Moratorium – EMI/Simple Interest
        • Repayment Period after Moratorium – EMI repayment of 5 – 7 years after Moratorium
        • Moratorium Period – Course Period +Six Months

For complete details including eligibility, please contact Sampath A, Mobile: +91 8939807895/ 9941504900, Email: sampath.a@icicibank.com or Sunitha Shetty, Email ID: sunitha.shetty@icicibank.com, Contact No. +91 8767260551.

*Subject to changes as per market conditions.