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

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 :,4,26,68

To Apply Online :

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