Dena Bank Education Loan – Student Loan in India

Dena Bank Education Loan
Dena Bank Education Loan

Dena Bank Education Loan 2017-2018 | Eligibility, Application

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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, CPAin USA etc.

 

Loan Amount

  • Upto Rs.10 lakhs for studies in India.
  • Upto- 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 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 is refundable on availing the limit.

 

Repayment

  • For loans upto Rs.7.50 lakhs : Upto 10 years
  • For loans above Rs.7.50 lakhs : Upto 15 years

 

For further details, please click here

 

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