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