Dena Bank Education
Loan EMI Calculator

Loan Amount (₹)
Interest Rate (%)
Tenure (Yrs)
EMI
0
HELPING STUDENTS, FROM LOW INCOME FAMILIES, TO PURSUE HIGHER STUDIES IN INDIA OR ABROAD BY PROVIDING LOANS UPTO 25 LACS AT MINIMAL INTEREST.
Interest
Rate

Loan limit Interest Rate
Upto 25 Lacs 9.60-11.50%
Loan Amount &
Security

Secured Unsecured
Above 7.5 Lacs Upto 7.5 Lacs
Charges &
Repayment

Processing fees Nil to 1000
Repayment period maximum upto 15 years
Moratorium period Course Period + 6 to 12 months
Eligibility
Criteria

  • Should be an Indian resident/citizen
  • Secured admission to a higher education course in recognized institutions in India or Abroad
  • Secured admission to a higher education course in recognized institutions in India or Abroad
Key Benefits &
Coverage

Concessions
  • 1% interest concession may be provided to the loanees if the interest is payed regularly. Interest concession is available only for moratorium period.
Margin
  • Upto 4 Lacs - Nil
  • Above 4 lacs - 5% for study in India
  • Above 4 lacs - 15% for abroad study
Course covered
  • Indian Courses - Graduation courses, Post-Graduation courses, Masters & PhD, Professional courses.
  • Courses Abroad - Graduation courses, Post-Graduation courses, Courses conducted by CIMA-London, CPA in USA etc.
Expenses covered
  • Fee payable to colleges/ schools/ hostels
  • Examination/ Library/ Laboratory fees.Purchase of books, equipment, instruments and uniforms.
  • Passage fare for travel abroad.
  • Purchase of computer needed to complete the course at reasonable rate.
  • Any other expense to complete the course like study tours, project work, thesis etc.
Required
Documents

Student Co-Borrower
KYC
  • Photo ID
  • Residence Proof
  • Pan Card
  • 2 Passport size photograph
  • Aadhaar
  • Pan card
  • 2 Passport size photograph
  • residence proof(elctricitybill/telephone bill/house lease agreement/bank statement)
EDUCATION
  • Admit letter from college
  • Brochure of Instittue with College fee-breakup
  • Marksheet of last qualifying exam
  • X, XII and Graduation mark sheet
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INCOME
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  • 6 month bank account statement
  • Last 2 years ITR/Form 16 (for salaried persons)
  • Income proof( Latest 3 salary slips ) / assets (if any)
SECURITY
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  • Copy of land records
  • Collateral securities along with title clearance report, latest valuation report, or bonds, NSCs, share certificates, LIC policies, etc. can be used as the security