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
Amount
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.
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