Dena Bank Education loans / Vidya Laxmi – Details on Documents, Eligibility, Interest Rates of Education /Student loan Scheme of Dena Bank.
The Topper for your children’s Higher Education
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.
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 October 2016
Student Admitted in A rated Ed Institutions : MCLR +1.05 + 0.50 (TP) =11.10%
Student Admitted in other Ed Institutions : MCLR +1.05 + 0.50 (TP) =11.10%
Skill Loan Rate of Interest = 11.10%
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.
Study in India:
Graduation courses, Post-Graduation courses, Masters & PhD, Professional courses.
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.
- 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.
- 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.
SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD.
Rs.1000/- for studies abroad.
For loans upto Rs.7.50 lakhs : Upto 10 years
For loans above Rs.7.50 lakhs : Upto 15 years
Other Loans Available From Dena Bank Online:-
Source: Dena Bank Website