The Topper for your children’s Higher Education
Ensure a bright future for your children. Provide them with the best of higher education in India or abroad. Avail Dena Vidya Laxmi Educational Loan. You are eligible if: · 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. Course Eligibility 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. Loan takes care of : 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 · 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 Please Check out the Interest Rates Section to find latest Interest Rates applicable.
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.SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD. Process Fees 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.
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For any query, Please contact : Email: rbd@denabank.co.in | 
