Dena Bank

Dena Bank offers “Dena Vidya Laxmi Educational Loan” that is sure to help you to build your career by getting enrolled yourself to any recognized courses in India and abroad. if you are an Indian national and have secured admission to a professional or technical course in an Indian or Foreign university, you are eligible for the loan. Simply walk in with the marksheet of the qualifying exam. and proof of admission.

Coverage:
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.

Courses:
Study in India: Graduation courses, Post-Graduation courses, Masters & PhD, Professional courses.
Study Abroad: Graduation for professional/ technical courses offered by reputed universities; Post Graduation (MCA, MBA, MS)

Loan Amount:
Upto Rs.10 lakhs for studies in India.
Upto- Rs. 20 lakhs for studies abroad.

Margin:
Upto Rs. 4 lakhs- NIL for study in India and abroad.
Above Rs. 4 lakhs- 5% for study in India and 15% for study abroad.

Processing Fee: Rs.1000/- for studies abroad.

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.

Rate of Interest:
Upto Rs. 4.00 lakhs (Repayable in 3 years): 9.50%
Repayble in > 3 yrs: 10.00%
Above Rs.4.00 lakhs (Repayable in 3 years ): 12.00%
Repayble in > 3 yrs: 12.50%

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.
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.

For processing fees, prepayment penalty, documentation charges, mortgage and other charges, please visit the bank website www.denabank.com