Is it true that Credila loans are risky for visa approval and have caused rejections in Australia/Canada?

It depends. Credila loans are accepted for student visas in some countries, but there are risks and restrictions that can affect approval.

- New Zealand: Immigration New Zealand generally does not accept unsecured education loans from NBFCs like Credila for visa approval. If used, the loan must be fully disbursed and held in your account for 3 - 6 months before applying.
- Australia: Credila loans may be accepted, but approval depends on your financial profile, university policies, and the visa officer’s discretion. Acceptance is not guaranteed.
- Canada: Education loans from RBI-regulated institutions like Credila are typically accepted if properly sanctioned and disbursed.

To reduce risk, ensure your loan is fully disbursed and well-documented before applying.