Student Education Loans by Dena Bank

   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   

• 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 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.