Dena Bank Education Loan , Students loan details , Education Loan Interest Rates , Eligibility , Application Form

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 :

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 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