Why For /Purpose /Objective:
Dena Vidya Laxmi Educational Loan provides financial support to ensure a bright future for Students providing with the best of higher education in India or Abroad
Eligibility Criteria
Student eligibility:
- You are 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 Eligible
Studies in India:
Graduation courses, Post-Graduation courses, Masters & PhD, Professional courses.
Studies Abroad
Graduation for professional/ technical courses offered by reputed universities; Post Graduation (MCA, MBA, MS)
Quantum/ Amount of Loan
Upto Rs.10 lakhs for studies in India.
Upto- Rs. 20 lakhs for studies abroad.
Expenses Considered for Loan:
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.
Margin/ Allowance:
- 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.
Rate of Interest :
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.
Repayment / Tenures
Moratorium- Course period + 1 year or 6 months after getting a job, whichever is earlier.
Repayment period- 5-7 years after start of repayment.
Contact
Delhi Tel: 011- 23418662/23417765,
Bangalore Tel: 080- 2876724,
Chennai Tel: 044- 28606653,
Hyderabad Tel: 040- 24745325,
Kolkata Tel: 033- 22343440/22343439,
Mumbai Tel: 022- 22660728/22662489.
Website
www.denabank.com
