Dena Bank Education Loan

Details on Documents, Eligibility, Interest Rates of Education/Student loan Scheme of Dena Bank.



You are eligible if:

  • You are an Indian national and have secured admission to a professional or technical course in an Indian or Foreign university.
  • Simply walk in with the marksheet of the qualifying exam. and proof of admission.

Interest Rates of Dena Bank Education Loan: Updated as on 01 February 2017

Student Admitted in A rated Ed Institutions: MCLR + 1.05 + 0.50 (TP) =10.15%
Student Admitted in other Ed Institutions: MCLR + 1.05 + 0.50 (TP) =10.15%
Skill Loan Rate of Interest = 10.15%

Special scheme for financing students admitted to full time courses conducted by approved educational institutions in India and abroad for graduation / post-graduation / professional degrees under Dena Vidya Laxmi Educational Loan Scheme. – ROI : For Studies in India & Abroad : At Base Rate 9.70% at present.

Course Eligibility

Study in India:
Graduation courses, Post-Graduation courses, Masters & PhD, Professional courses.

Study Abroad:
Graduation: For job oriented professional / technical courses offered by reputed universities
Post Graduation: MCA, MBA, MS etc.
Courses conducted by CIMA-London, CPA in USA etc.

Loan Amount
  • Upto ‎₹10 lakhs for studies in India.
  • Upto ‎₹ 20 lakhs for studies abroad.
Loan takes care of:
  • Fee payable to colleges/ schools/ hostels
  • Examination/ Library/ Laboratory fees.
  • Purchase of books, equipment, instruments and uniforms.
  • Passage fare for travel abroad.
  • Purchase of computers needed to complete the course.
  • Any other expense to complete the course like study tours, project work, thesis etc.
Margin
  • Upto ₹ 4 lakhs- NIL for study in India and abroad.
  • Above ‎₹ 4 lakhs- 5% for study in India and 15% for study abroad.

SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD.

Process Fees
‎₹1000/- for studies abroad.

Repayment
For loans upto ₹ 7.50 lakhs: Upto 10 years
For loans above ₹ 7.50 lakhs: Upto 15 years