Carat Fresh Integrated
(A division of Carat Media Services India Pvt. Ltd.)
23rd February, 2010
Credila Brand Strategy
Education loan market : 10,000 + cr. per annum disbursements
Significant Players : SBI, PNB, OBC, Andhra, Corporation Banks, etc
Dominant Player : SBI, 20% share
Largest contributing region : South India
Education loans operate in a commoditized market place
Not much differentiation amongst brands
Most brands focus on the ‘price strategy’
No brand is positioned on „Quick and Good/better Service‟
• (e.g. Door Step service) or innovative products (e.g. up to 100% finance, flexible security options
Competition Landscape of Positioning
To generate awareness about Credila as the only specialized and expert
education loan provider
To reach out to all aspiring students who are planning to pursue higher education
in 2010-11 sessions and their parents
Credila: Marketing Objective
Trustworthy, Modern, in tune with times
Understands needs of modern day students and parents
Partnering with students in their pursuit of successful careers and also for
contributing to the society/country through higher education
Credila’s desired Brand Image
How do we achieve this?
Gain market share from existing PSBs
Expand the market by selling the concept of education loans to self financed segment
Leverage HDFC Ltd’s brand equity to institute trust amongst all potential students and parents
Parents : Between 45 to 58 years of age
Students : 18 to 30 years of age
currently studying in graduation courses like Engineering,
Medical, Science, Commerce & Arts and aspiring to pursue
SEC : A/B/C
There is an inertia amongst parents/students to explore options other than
A perception in consumer’s mind that education loans are being encouraged
by the government and are EASILY available from the PSBs.
A belief that “Admission ho gaya to loan bhi mil jayega”.
‘Trust’ (on the bank/lender) plays a major role in parents decision making,
especially when they are supposed to share their property and financial
Self financing through family/friends and borrowing for education are still a
good chunk of the market
Consumer Behavior (continued…)
The only hope for improving the standard of life for the entire family is
Quality Education to their children
Hence they seek an education loan service that guides them to achieve their
much relished dreams.
So…what do consumers seek?
Typical loan process
Application2 days Infinite 2 days Sanction7-10
The stage from Follow-up to Documentation is a typical loan processing stage
& is the major pain point.
The process may take infinity to complete due to lack of proper documentation
knowledge & no hand holding from the bank’s side.
It may take weeks before one can get the education loan sanctioned.
This may also negatively affect the admission process.
In a country like India,
Where loan processing & documentation is the major pain point…
Where people do not mind paying an extra % interest only to get a hassle
free loan processing….
Are any Education Loan providers really talking about it? No
Hence the Position
Consumers need education loans to be simple, hassle free and best to their
Hence translating the need & the benefit offered to the position statement..
We position Credila as an….
Credila as an Edu-loan Processing Expert
• Quick loan sanction (within 7-10 days).
• Education Loan at your door-step, no visiting bank branches multiple times. Credila visits you at your
• Flexibility on collateral security.
• Loan upto 100% of educational expenses. No margin money required.
• Credila’s sanction letter demonstrates assured sources of funds for I-20 or Visa.
• Online Loan application through web or SMS. Credila’s representative will get in touch with you
• Credila representative will handhold you and guide you into getting your loan sanctioned.
• 24x7 (phone based)helpline to clear all your doubts about the loan process and sanction.
• Chat with experts to cater to your education loan requirements.