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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
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:
Step 3: Applicants bring all supporting documents on Krea Immersive Case (KIC) Day or submit soft copies in the event the KICs/Financial Assistance processes are held online
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. Those applicants, whose combined family income is less than Rs.35 lakhs, are eligible to apply.
However, please note that the final decision and quantum of financial assistance is based on a detailed review of all documents and information that may be sought from the applicant and other sources.
In an effort to make world-class education affordable to all, Krea University has collaborated with the following organization, 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. Those interested in education loans are requested to get the latest information on the interest rate and other terms directly from the banks.
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+ banks and NBFCs in India and provide assistance to find the best education loan matching your profile. Education loans worth over 5000 crores were sanctioned last year under this initiative. This application process is a free-of-charge initiative under the Digital Indian campaign which has benefited more than 20,000 students.
Loan amount: from Rs. 2 lacs up to Rs 2 Crores funding 100% of the total expenses (course fee and living expenses)
– Rate of interest – from 6.75%
– 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
You may also call or WhatsApp the WeMakeScholars helpline team at +91 93933 44424 for getting connected to the financial officer of your location. Once the profile evaluation is done, the best-suited bank will be decided and the loan process will be started.
For complete details including eligibility, please contact Shobana N, Mobile: +91 9094284940, Email: [email protected] & Balaji CS, Mobile: 9941504900, Email ID: [email protected]
Online Application Link URL
https://loans.icicibank.com/loans/education[1]loan/?utm_source=University+Channel&utm_medium=KREA+University_Chennai_120339&utm_campaign=ELILENS
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-[email protected]
– Loan Amount: Min Rs 4 lakhs and maximum up to 100% on cost of education
– Rate of Interest – 9 %*
– No Prepayment Charges – Nil
– Repayment Type EMI / SI / Partial SI / Moratorium
– Repayment Period after Moratorium – EMI repayment of …… years after
Moratorium – moratorium option will be course period plus 1 year grace period and remaining 9 years will be EMI repayment period
– Moratorium Period – Course Period – Student can choose the moratorium as course period plus additional 1 year grace period which comes 3 years moratorium if course duration is 2 years, Based on student request moratorium option can be change.
For complete details including eligibility, please contact [email protected], Territory Manager, Education Loans; Mobile No. 9941456558