DENA Bank STUDENT LOAN Schemes

Dena Vidya Laxmi Educational Loan Scheme

ELIGIBILITY
· 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

· Upto Rs.7.50 lakhs for studies in India .

· Upto- Rs. 15 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.

Application Form

For any query, Please contact : Email: query.rbd@denabank.co.in

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