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| COMPARE : EDUCATION LOANS |
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| Introduction |
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| Dena bank’s Dena Vidya Laxmi educational loan scheme aims to bridge gap between you and higher education to ensure bright future for your children. Students can apply for loan who have secured admission to professional or technical courses in India or foreign university. |
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| Highlights |
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Study Abroad |
Study India |
| Course |
Graduation |
Graduation |
| Loan Type |
Term Loan |
Term Loan |
| Loan Purpose |
Graduation for professional/ technical courses offered by reputed universities; Post Graduation (MCA, MBA, MS) |
Graduation for professional/ technical courses offered by reputed universities; Post Graduation (MCA, MBA, MS) |
| Loan Amount |
Min. - Rs 50000
Max. - Rs 2000000
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Min. - Rs 50000
Max. - Rs 1000000
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| Margin Money |
Upto Rs. 4 lakhs- NIL for study in India and abroad.
Above Rs. 4 lakhs- 15% for study abroad.
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Upto Rs. 4 lakhs- NIL
Above Rs. 4 lakhs- 5% for study in India
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| Tenure |
Min. - 5 Yrs.
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Min. - 1 Yrs.
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| Interest Rate |
Upto Rs. 4.00 lakhs:
Repayable up to 3 years: 13.75%
Repayble in > 3 yrs.: 14.25%
Above Rs.4.00 lakhs:
Repayable in 3 years: 14.25%
Repayble in > 3 yrs: 14.75%
1% p.a. interest concession if interest is serviced during study period.
For loans above Rs. 4 lacs, 1% p.a. interest concession for girl students including as applicable in Dena Shakti.
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Upto Rs. 4.00 lakhs:
Repayable up to 3 years: 13.75%
Repayble in > 3 yrs.: 14.25%
Above Rs.4.00 lakhs:
Repayable in 3 years: 14.25%
Repayble in > 3 yrs: 14.75%
1% p.a. interest concession if interest is serviced during study period.
For loans above Rs. 4 lacs, 1% p.a. interest concession for girl students including as applicable in Dena Shakti.
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| Time to Process Loan |
7 days |
7 days |
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 Fees & charges
Fees & charges
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Study Abroad |
Study India |
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| Comment on Charges |
Process fees: Rs.1000/- for studies abroad. |
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Eligibility Criteria
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Eligibility Criteria
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Study Abroad
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Study Abroad:
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| Age |
Min.: 16 Yrs. Max.: 30 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Age Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
Yes |
| Telephone |
No |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Study India
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Study India:
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| Age |
Min.: 16 Yrs. Max.: 30 Yrs. |
| Documents Required: |
| ID Proof |
Yes |
| Age Proof |
Yes |
| Residence Proof |
Yes |
| Income Proof |
No |
| Telephone |
Yes |
| Photograph |
Yes |
| Bank Statement |
Yes |
| Signature Proof |
Yes |
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Security
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Security |
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upto Rs 4.00 lacs - Nil
Above Rs 4.00 lacs and upto Rs 7.50 lacs - 3 rd party guarantee.
above Rs 7.50 lacs - security in the form of immovable property |
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Terms & Conditions
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Terms & Conditions |
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Moratorium- Course period + 1 year or 6 months after getting a job, whichever is earlier. |
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