Dena Vidya Laxmi Educational Loan Scheme

Eligibility :
	Student Student should be 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. Courses a) For Studies in India Graduation courses Post-Graduation courses Masters & PhD Professional courses b) Studies abroad: Graduation for professional/ technical courses offered by reputed universities Post Graduation (MCA, MBA, MS)
Loan Details
	Coverage of expenses  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. Quantum Studies in India - Upto Rs.10 lakhs Studies in Abroad - Upto- Rs.20 lakhs Margin Upto Rs.4 lakhs - Nil Above Rs.4 lakhs - Studies in India 5% - Studies abroad 15%
Rate of Interest
	As applicable from time to time. Simple interest to be charged during moratorium period 1% interest concession if interest serviced during the study period For loans above Rs. 4 lacs, 1% p.a. interest concession for girl students including as applicable in Dena Shakti. For loans above Rs. 4 lacs, 1% p.a. interest concession for IIM / IIT / ISB (Indian School of Business, Hyderabad) students. Total concessions for loans above Rs. 4 lacs, excluding 1% interest concession for interest payment during moratorium period shall not exceed 2% p.a.
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. Processing Fees - Rs. 1000/- for studies abroad