Development Credit Bank Education Loan | Education Loan in India | Student Loan in India | Education Loan for Higher Studies

  Student Education Loans by Development Credit Bank


Eligibility Criteria

  • Age: 23 to 58 yrs. for salaried individuals and 23 to 65 years at loan maturity for self-employed individuals
  • Gross qualifying annual income: Rs. 100,000.
  • Gross revenue / receipts for doctors: Rs. 2,00,000
  • Gross revenue / receipts for other professionals: Rs. 500,000
  • Gross revenue / receipts for self-employed businessmen: Rs. 750,000

DCB offers a host of loan options designed to make all your dreams come true. Now you can choose a loan that best suits your requirements. You can avail of loans for amounts varying from INR 50,000 to INR 10,00,000*, with tenures ranging from a minimum of 1 year to a maximum of 5 years

Interest Rates

  • Salaried Individuals: 19%-25%
  • Doctors: 15.5% - 17%
  • Other Professionals: 18.50% - 21%
  • Self-Employed Businessmen: 27%
  • Existing Bank Relationship Customers: 17-21%
  • Other Financiers Track Record / Special Schemes: 18.50%-26%

Services Charges

Documentation Requirements

  • Pay slips for the last two months, for salaried individuals.
  • Income tax returns for the last two assessment years for self-employed individuals.
  • Bank statement from the main account for the last 3 months.
  • Credit card statements or loan repayment statements from banks / financiers.
  • Proof of employment
  • Proof of age.
  • Identification documents like passport, driving licence, PAN card etc.
  • Qualification certificates for self-employed professionals.