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Dena Bank Education Loan - Student Loan in India

Dena Bank Education Loan Scheme

Dena Bank Education Loan Eligibility

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.

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.

Dena Bank Education Loan Amount

For students admitted to full time courses conducted by IIT / IIM /ISB only: Full course fee without any upper loan ceiling, subject to margin may be financed.

For Students admitted to Full time courses conducted by “A” rated Institutions and Bank’s approved Educational Institutions:

Need based finance to meet the expenses to be worked out taking in to account margins stipulated subject to the following ceilings:

Studies in India Maximum up to Rs 15 lakhs

Studies Abroad Maximum up to Rs 25 lakhs

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.

Dena Bank Education Loan -  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.

Dena Bank Education Loan - Rate of Interest

Student Admitted in Bank’s approved Ed Institutions MCLR = 8.65%

Student Admitted in A rated Ed Institutions: MCLR +1.05 + 0.50 (TP) =10.20%

Student Admitted in other Ed Institutions: MCLR +1.05 + 0.50 (TP) =10.20%

SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD.

Dena Bank Education Loan Process Fees

Rs.1000/- for studies abroad.

Dena Bank Education Loan Repayment

For loans upto Rs.7.50 lakhs    :   Upto 10 years

For loans above Rs.7.50 lakhs  :   Upto 15 years