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
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 |
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| Who Can Apply? |
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| Maximum Loan Amount |
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| Frequency Of Repayment |
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| Repayment Period |
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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:
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| Residence Proof |
One of the following documents for Residence proof (It should not be more than 3 months old):
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| Income Proof in case of salaried co-borrower |
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| Income proof for self-employed co-applicant |
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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
