Dhanlaxmi Bank Education Loans | Interest Rates | Documents | Eligibility

Dhanlaxmi bank offers best interest rates on education loans. Get details on Documents, Process, Eligibility & Security.

Education loan is the most convenient way of supporting your child’s education. You can now easily fund most education-related expenses including fees, boarding & lodging, air travel, insurance premiums, and computers etc.

Compare Education Loan
Full Name:
Country of Study:
Course of Study:
Co-borrower’s* Income:
Email ID :
Residence City:
Course Name:
Required Loan Amount:
Applicant’s Income Status :

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* 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


  • Pay admission and tuition fee
  • Purchase books, study material, equipment and instruments
  • Pay hostel fees and boarding charges
  • For studies abroad, fund expenses of air travel, incidental charges, purchase of outfits (clothing & other equipment)
  • Fund other education-related expenses such as examination, library and laboratory fee, uniforms, caution deposit, building fund or refundable deposits supported by Institution bills and receipts, up to 10% of the total tuition fees for the entire course
  • Purchase computers needed for the course.
  • Insurance premium for student borrower

Interest Rates:

Education loan Rate of Interest Processing charges
With Interest Subsidy: Base rate+2.00%
Without interest subsidy: Base rate + 3.75%
1% + Service Tax

Eligibility required for loans:

For higher studies in India:

  • Students of Indian nationality (whether minor or major)
  • Parents can also apply jointly with the student and facilitate repayment through existing sources of income

Courses applicable:

  • Graduate and post-graduate degree/diploma courses in computer science, engineering, medicine, dental science, pharmacy, agricultural and veterinary sciences
  • Post-graduate courses in arts, general science, commerce, and management (from recognized colleges and universities)
  • Post graduate diploma in computer application from reputed institutes such as NIIT, APTECH, BITECH, SSI etc.

For studies abroad:

  • Indian National over 18 years of age
  • The applicant should produce a copy of the Result of Qualifying/ Mandatory examination such as TOEFL, SAT, GRE, AGRE, GMAT etc. together with a copy of valid passport, proof of Admission to the college or university and a copy of the Visa / Form I-20

Courses applicable (for courses abroad)

  • Under-graduate courses in biological & natural sciences, computer sciences, engineering
  • Post-graduate courses in the above disciplines and business administration (Applicants should submit a brief report on the prospects of the course.)

Academic background (for India and abroad)

  • Applicant/student should have passed the qualifying examination securing a position eligible for admission to the course opted for study.

Duration of course

  • Courses within India – 5 years
  • Courses abroad – 3 years

Holiday period

  • Duration of the course plus 6 months or getting a job, whichever is earlier

Documentation required for loan:

  • Photocopies of all certificates from previous examinations (SSC onwards)
  • A certificate from the College/University authorities stating that the student is continuing education, should be submitted every year.
Fees & Charges:
Description of Charges Dhanlaxmi Bank Comments
Loan Processing Charges Nil
Prepayment Nil
Pre-payment charges Nil
No Due Certificate / No Objection Certificate (NOC) Rs. 250/-
Duplicate no due certificate / NOC Rs. 250/-
Capability Certificate Rs. 250/- Applicable to studies abroad
Charges for late payment of EMI @ 24 % p.a on amount outstanding from date of default
Stamp Duty & other statutory charges As per applicable laws of the state
Cheque swapping charges Rs 500/- per event
Loan Re-booking charges / Re-scheduling charges Not applicable
Loan cancellation charges Not applicable
Cheque Bounce Charges Rs. 500/- Per Cheque
Legal / incidental charges At actual