Education Loan from Dena Bank

Dena BankYou 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.

Course Eligibility     



Study in India:

  • Graduation courses, Post-Graduation courses, Masters & PhD, Professional courses.


Study Abroad:

Application Forms Now Available
  • Graduation for professional/ technical courses offered by reputed universities; Post Graduation (MCA, MBA, MS)

Loan Amount   

  • Upto Rs.10 lakhs for studies in India.
  • Upto- Rs. 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 Rs. 4 lakhs- NIL for study in India and abroad.
  • Above Rs. 4 lakhs- 5% for study in India and 15% for study abroad.

Rate of Interest     

 Upto Rs. 4.00 lakhs:
 Repayable in 3 years


 9.00%



Repayble in > 3 yrs. 9.50%
Above Rs.4.00 lakhs
Repayable in 3 years



12.00%

Repayble in > 3 yrs. 12.50%



1% INTEREST CONCESSION IF INTEREST SERVICED DURING THE STUDY PERIOD.

 SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD.




Process Fees  

   Rs.1000/- for studies abroad.


Repayment  

  • Moratorium- Course period + 1 year or 6 months after getting a job, whichever is earlier.
  • Repayment period- 5-7 years after start of repayment.

For further query, click on Dena Bank



Subscribe to our Newsletter
×