Dena Bank Vidya Laxmi Educational Loan
Wednesday, January 16, 2019
Education & Career
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Dena Vidya Laxmi Educational Loan Scheme

  
  
  
  
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Dena Bank Vidya Laxmi Education Loan is the Government interest subsidy scheme for students of Economically Weaker Sections (EWS).

Eligibility : 

Student

Courses

a) For Studies in India

b) Studies abroad:

Loan Details

Coverage of expenses 

Quantum

For students admitted to full time courses conducted by IIT / IIM /ISB only: Full course fee without any upper loan ceiling, subject to margin may be financed.

For Students admitted to Full time courses conducted by “A” rated Institutions and Bank’s approved Educational Institutions: Need based finance to meet the expenses to be worked out taking in to account margins stipulated subject to the following ceilings:

For Students admitted to Full time courses conducted by other institutions (Other than IIT / IIM / ISB / “A” rated Institutions and Bank’s approved Educational Institutions) : Need based finance to meet the expenses to be worked out taking in to account margins stipulated subject to the following ceilings:

List of “A” rated Educational Institutions is available on IBA site. www.iba.org.in

Margin

Rate of Interest

For interest rate check out this link, Dena Bank Interest Rate

The rates are subject to revision from time to time without notice.
1% interest concession if interest is serviced as and when due during the study period when repayment holiday is specified.
Simple interest to be charged during moratorium period

Processing Fees - Rs. 1000/- for studies abroad which is refundable on availing the limit.

Repayment

Repayment Holiday / Moratorium Course period + 1 year.

Repayment period maximum up to 15 years for all loans.

All loans up to Rs.7.50 lacs are covered under Credit Guarantee Scheme managed and operated by National Credit Guarantee Trust Company Ltd (NCGTC).

All other terms and conditions as applicable to Revised IBA Model Educational Loan Scheme for pursuing higher education in India & abroad will be applicable for this scheme also.

Contact Details

Dena Bank
Corporate Centre, C-10, G Block, 6th Floor,
Bandra Kurla Complex, Bandra (E), Mumbai-400 051
Telephone No. : 022-26545607
Fax No. : 022-26545605
E-mail : Contact Now
Website : visit

 

Click here for the nearest bank branches

Note : Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.



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   Study Abroad Loan , Dena Bank Loans







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