Here, Examin gives details about Dena Bank Education loan, a student loan in India. Find the complete details about the loan such as Courses eligible for loan, loan amount, rate of interest & more.
Dena Bank is one of the nationalized banks and is now a Public Sector Bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. It is one among the six Public Sector Banks selected by the World Bank for sanctioning a loan of Rs.72.3 crores for augmentation of Tier-II Capital under Financial Sector Developmental project in the year 1995. It is also recognized as one among the few Banks to receive the World Bank loan for technological upgradation and training.
Course Eligibility
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 the USA etc.
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
- Up to 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 is serviced as and when due during the moratorium period when repayment holiday is specified.
SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD
Processing Fees
Rs.1000/- for studies abroad which are refundable on availing the limit.
Repayment
- For loans up to Rs.7.50 lakhs: Up to 10 years
- For loans above Rs.7.50 lakhs: Up to 15 years
For further details about Dena Bank Education loan, please click here
