DENA BANK- EDUCATIONAL LOAN

Dena Vidya Laxmi Educational Loan Scheme

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.

Course Eligibility

Study in India:

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

Study Abroad:

Graduation for professional/ technical courses offered by reputed universities; Post Graduation (MCA, MBA, MS)

Loan Amount:

Up to Rs.10 lakhs for studies in India.

· Up to- 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.

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.

Rate of Interest

Please Check out the Interest Rates Section to find latest Interest Rates applicable


1% INTEREST CONCESSION IF INTEREST SERVICED DURING THE STUDY PERIOD.

SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD.

Process Fees

NIL

Repayment

Moratorium- Course period + 1 year or 6 months after getting a job, whichever is earlier.

Repayment period- 5-7 years after start of repayment.

This information is gathered from the bank's web site.