Dena Bank Education Loan

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Why Us?

Rates as low as 9.33%
Pre-Admission Loans
Study in India / Abroad
Doorstep Service
Unsecured Loan Available

Dena Bank Education Loan

Dena Bank Education Loan Summary Table

Dena Bank Education Loan Amount For India – INR 10 Lacs
For Abroad – 20 Lacs
(Up to ₹ 7.5 lakh without collateral)
Dena Bank Education Loan Interest Rate 9.65% per annum
Dena Bank Education Loan Margin For loan above INR 4 Lacs
In India: 5%
In abroad: 15%
Dena Bank Education Loan Processing Fee Up to INR 4 Lacs: Nil
Above INR 4 Lacs: INR 5000
Dena Bank Education Loan Security Up to 7.50 Lacs: Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee

Above INR 7.50 Lacs: Tangible security along with parents as co-borrower

Dena Bank Education Loan Repayment It starts After 1 year of course completion or 6 months after getting a job.

Dena Bank Education Loan Features

Dena Bank Education Loan

The need for forefront guidance from an accepted school is broadening, which fabricates the opportunity to find a generously reimbursed calling. Notwithstanding, a school with a decent position costs a lot higher considering its supervisor resources and working environments. To smash this, Education Loan expects a central part in an understudy’s life! Planning pushes help those understudies who have the cutoff points and potential. The advancement deals with their costs for planning, for example, preparing costs, and so forth. Moreover, the advancement can be benefitted to move in India or even abroad assessments. Whatever the case, Dena Bank is there to support the understudies. Each understudy can apply for the Dena Bank direction advance by following the particular models and documentation.

Dena Bank Education Loan Eligibility

Parameters  Eligibility Criteria
Applicant’s Age
  • Non-employed personnel: Up to 35 years
  • Working employees / Executives: Up to 45 years
Who Can Apply?
  • An Indian National: With secured admission to professional/technical courses in recognized institutions.
  • Permanent employees: Who are employed for not less than three years with any organization and have secured admissions in a reputed institute or intend to acquire higher professional qualifications.
Maximum Loan Amount
  • For studies in India: Up to Rs. 1,000,000
  • For studies Abroad: Up to Rs. 2,000,000
  • For studies at IIT’s, IIM’s and ISB’s: Upto Rs. 4,000,000
Frequency Of Repayment
  • Quarterly or monthly rests.
  • It starts 1 year after completing the course of six months after getting a job, whichever is first.
  • Loan interest re‐payment will start immediately after disbursement of the first instalment of the loan.
Repayment Period
  • Tenure: Education Loan consists of Duration of Study, Grace Period after the Study, and Repayment Period.
  • For Indian courses: Repayment tenure is a maximum of 12 years after the commencement of repayment.
  • For Abroad courses: Repayment tenure is a maximum of 12 years after the commencement of repayment.

Dena Bank Education Loan Interest Rate

Dena Bank Education loan interest rates range from 8.85% and 10.75%.

Loan Amount Range Courses in India Courses Abroad IIT, IIM, ISB Courses
Loans up to Rs. 4 lakh 10.50 %, for Girls – 10.00% 10.50 %, for Girls – 10.00% 8.85 %
Loans Rs. 4.0 – 7.5 lakh 10.50 %, for Girls – 10.00% 10.50 %, for Girls – 10.00% 8.85 % – 10.00%
Loans > Rs. 7.5 lakh 10.75 %, for Girls – 10.25% 10.75 %, for Girls – 10.25% 8.85 % – 10.00%

Dena Bank Education Loan Schemes with detailed features, documents, max loan, courses

Dena Bank Education Loan Schemes, Maximum Loan Amount, and Interest Rates

Schemes Maximum Loan Amount Interest Rates
Dena Bank Student Loan Rs.20 lakh 10.05%
Dena Bank Scholar Loan Rs.40 lakh 8.95% to 9.25%
Dena Bank Global ED-Vantage Rs.1.5 crore 10.05%
Dena Bank Skill Loan Rs.1.5 lakh 9.55%
Dena Bank Take Over of Education Loan Rs.1.5 crore 10.05%

Dena Bank Education Loan Documents Required

Under Know Your Customer Policy (KYC), the bank requires certain documents.

These documents are required from both the student and co-borrower:

Identity Proof

One of any mentioned documents for Identity proof:

  • Passport
  • PAN Card
  • Aadhaar Card
  • Voter’s ID Card
  • Driving Licence
  • Photo Credit Card
  • Central and State Govt. issued Photo ID Proof
  • Defence ID Card.
Residence Proof

One of the following documents for Residence proof (It should not be more than 3 months old):

  • Aadhaar Card
  • Ration Card
  • Passport
  • Bank Account Statement
  • Voter’s ID Card
  • Letter from any recognized public authority
  • Telephone Bill
  • Electricity Bill
  • Water Bill
Income Proof in case of salaried co-borrower
  • Salary Slips (not more than 3 months old)
  • Bank Statements (not more than 3 months old)
  • ITR
  • Form-16 (for the last 2 years)
  • bank account statement (for the last 6 months of salary account)
Income proof for self-employed co-applicant
  • Business address proof
  • IT returns for the last two years (If IT payee)
  • TDS certificate
  • Form 16A, if applicable
  • Certificate of qualification (for CA, doctor, and other professions)
  • Bank account statement for the last 6 months.

Additional documents: Aside from KYC documents:

  Student Applicant Mandatory Passport submission
Academic Records: X, XII grade results. Graduation results semester wise. Entrance Exam results that formed the basis of admission
Proof of admission: A conditional application letter may be considered
Cost of education, schedule of expenses.
2-passport size photographs
If the loan was taken out before then, loan account statement for the last 1 year.
Co-applicant 2-passport size photographs
If the loan was taken out before then, loan account statement for the last 1 year.

Dena Bank Education Loan Offered Courses

The Education Loan covers courses that are only regular full-time Degree or Diploma courses that the student secured through selection or merit. SBI Education Loan also considers Full-time Executive Management Courses like PGPX.

EMI Calculator

SBI Education Loan EMI Calculator

Dena Bank: Takeover of Education Loan

An Education Loan is Transferable, and it is basically a process of transferring high-interest debt from one lender to another with a lower interest rate and better repayment policies. For example, tFor example, the Dena Bank Takeover Of Collateralised Education Loans Scheme can be availed at an interest rate of 1Year MCLR + 1.50% spread. Dena Bank also gives a 0.50% concession in the interest rate for girls.

How To Apply For Dena Bank Education Loan

  • Visit  Dialabank for an education loan.
  • Go to the Dena Bank Education Loan page.
  • Check out all the eligibility and documents criteria for an education loan.
  • Fill out all the details required in the Education Loan application form.
  • Once done, our representative will soon contact you for a further stress-free process.

List of Approved Institutes

  • Architecture college
  • Law college
  • Medical college
  • Pharmacy college
  • Engineering college
  • Bio-technology
  • college
  • Management college
  • Science, Commerce, and Arts college
  • Physical education college
  • B.ED college