Dena Bank Education loan Interest Rates 2019, Eligibility

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.

Students may apply for Education Loan online through IBA’s “Vidyalakshami Portal” developed by NSDL i.e.

Apply for Education Loan

Full Name

Country of Study

Course of Study

Co-borrower’s* Income

Email ID

Residence City

Course Name

Required Loan Amount

Mobile Number

Applicant’s Income Status

* Co-borrower : Relative with good income who can support your education loan application. Typically it can be your Father, Mother, Brother, Sister, Spouse, Cousin, Paternal Uncle (Chacha), Paternal Aunt (Chachi), Maternal Uncle (Mama), Maternal Aunt (Mami), Grandfather, Grandmother

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 2018

Student admitted in Bank’s approved Ed Institutions : 8.30%
Student admitted in A rated Ed Institutions : 9.85%
Student admitted in other Institutions : 9.85%
Skill Loan withing 3 years = 9.85%
Skill Loan beyond 3 years = 9.85%

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.

Course Eligibility

Study in India:

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

Study Abroad:

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.

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.


  • 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.


Process Fees

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:-

Dena Bank Home Loan
Dena Bank Personal Loan
Dena Bank Car Loan
Dena Bank Credit Card

Source: Dena Bank Website