Dena Bank

Dena Bank’s Vidya Laxmi Educational Loan Scheme

Objective of the Scheme :

Ensure a bright future for your children. Provide them with the best of higher education in India or abroad. Avail Dena Vidya Laxmi Educational Loan.

Eligibility of the Student  :

  • The Student an Indian national and have secured admission to a professional or technical course in an Indian or Foreign university.
  • Simply walk in with the mark sheet of the qualifying exam. and proof of admission.

Studies in India :

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

Studies over a Wide Area :

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.

Liability of Finance :

Expenses allotted for the Loan :

  • 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.

Quantum of Finance :

  • Upto Rs.10 lakhs for studies in India.
  • Upto- Rs. 20 lakhs for studies abroad.

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.

Processing Fee / Mortgage Charges :

Rs.1000/- for studies abroad which is refundable on availing the limit.

Rate of Interest :

Please Check out the Interest Rates Section to find latest Interest Rates applicable.

1% interest concession if interest is serviced as and when due during the moratorium period when repayment holiday is specified.

Repayment Period of the Loan :

  • For loans upto Rs.7.50 lakhs    :   Upto 10 years
  • For loans above Rs.7.50 lakhs  :   Upto 15 years

For more Details, Kindly refer the following link :

http://www.denabank.com/viewsection.jsp?lang=0&id=0,4,26,68

To Apply Online :

http://webserver1.denabank.co.in:4545/frmApplForm.aspx

Dena Bank’s IBA Model Loan Scheme for Vocational Education and Training

Objective of the Scheme :

Dena bank provides IBA Model Loan Scheme for Vocational Education and Training

Eligibility of the Student  :

  • Should be an Indian National.
  • Have secured admission to a course run or supported by a Ministry / Dept / Organisation of the Govt or a company / society / organisation supported by National Skill Development Corporation or State Skill Missions / State Skill Missions / State Skill Corporations, preferably leading to a certificate / diploma / degree etc issued by a Govt. organisation or an organisation recognized / authorised by the Govt. to do so.

Age Limit : No specific restriction

Eligible Courses :

Vocational / skill development courses of duration from 2 months to 3 years run or supported by a Ministry / Department / Organisation of the Govt or a company / society / organisation supported by National Skill Development Corporation or State Skill Missions / State Skill Corporations, preferably leading to a certificate / diploma / degree etc issued by a Govt. Organisation or an organisation recognised / authorised by the Govt. to do so. Eligible courses will also include courses approved by State Level Bankers Committee ( SLBC ) / State Level Co-ordination Committee ( SLCC ).

Liability of Finance :

Expenses allotted for the Loan :

  • Tuition / course fee
  • Examination / library / laboratory fee
  • Caution deposit
  • Purchase of books, equipments and instruments

Quantum of Finance :

  • For courses of duration upto 3 months : Rs.20,000/-
  • For courses of duration 3 to 6 months : Rs.50,000/-
  • For courses of duration 6 months to 1 yr : Rs.75,000/-
  • For courses of duration above 1 year : Rs.1,50,000/-

Margin : Nil

Moratorium :

  • For courses of duration upto 1 year : 6 months from the completion of the course.
  • For courses of duration above 1 year : 12 months from the completion of the course.

Processing Fee / Mortgage Charges : Nil

Rate of Interest :

  • For latest interest rate refer to latest HO guidelines.
  • Simple interest to be charged during the study period and upto commencement of repayment.

Repayment Period of the Loan :

  • Loans upto Rs.50,000/- : Upto 2 years
  • Loans between Rs.50,000/- : 2 to 5 years to Rs.1.00 lakh
  • Loans above Rs.1.00 lakh : 3 to 7 years

For more Details, Kindly refer the following link :

http://www.denabank.com/viewsection.jsp?lang=0&id=0,4,26,476

 

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