allahabad bank, allahabad education loan, allahabad bank india, bank of allahabad,allahabad bank loan, Loan Amount Interest Rate, Allahabad Bank Contact, Amount of Loan allahabad bank, allahabad education loan, allahabad bank india, bank of allahabad
,allahabad bank loan, Loan Amount Interest Rate, Allahabad Bank Contact, Amount of Loan.
leading educational portal of india

DCB Bank
 
Bank Name Wise
  Allahabad Bank • Andhra Bank • Axis Bank • Bank of Baroda • Bank of India • Bank of Maharashtra • Bank of Rajasthan • Bharat Overseas Bank • Catholic Syrian Bank • Central Bank of India • Dena Bank • DCBL • DCB Bank • Federal Bank • HDFC Bank • ICICI Bank • IDBI Bank • Indian Bank • Indian Overseas Bank • Karnataka Bank  • SBH • State Bank of Mysore • Syndicate Bank  • Oriental Bank • Punjab Natioanl Bank • SBI • UCO Bank • Vijaya Bank • Ingvysya Bank   

DCB Bank

Purpose

Educational Loans for providing financial support to deserving/ meritorious students for pursuing higher education in India and abroad.

Loan type

Amortizing Term Loans in equal installments post moratorium period

Borrower Segments

The student

The parent/guardian

Individuals of Indian Nationality who have secured admission to recognized courses/universities in India or Abroad through entrance test/selection process

a) Salaried

b) Self Employed Professionals

c) Self employed Business

Courses eligible

a) Studies in India

b) Studies Abroad

Post graduation courses from recognised universities
Professional courses from reputed institutes:.
Courses conducted by IIM, IIT, IISc, XLRI, NIFT, etc.

Courses conducted by CIMA – London, CPA – USA, etc.,
Courses in Universities which take admissions through TOEFL,GMAT,GRE,SAT exams

Only one course at a time will be financed

Loan Amount

a) Studies in India


b) Studies abroad

 

Minimum – Rs. 25,000
Maximum – Rs. 7,50,000

Minimum – Rs. 1,00,000
Maximum – Rs. 15,00,000

Expenses Considered

Tuition and other fees
Maintenance costs, books & equipments, uniform, etc.
Caution fund/ building fund/ refundable deposit
Travel expenses/passage money for studies abroad for the first time only
Any other expense required to complete the course – like study tours, project work, thesis, etc.

All the above expense should be supported by institution bills/receipts

Tenor

Maximum 5 years after commencement of repayment for studies in India and 3 years for studies abroad

Moratorium period

The holiday period enjoyed by the borrower towards repayment of the loan. Moratorium period shall not exceed course duration + 6 months

Margins
a) Upto Rs. 4 lacs

b) Above Rs. 4 lacs


Nil

Studies in India: 5%
Studies abroad: 15%
Scholarship/assistantship to be included in margin

Security

Upto Rs. 4 lacs: no security/collateral required

Above Rs. 4 lacs upto 7.5 lacs: Collateral in the form of a satisfactory third party guarantee.

Above 7.5 lacs: Collateral security upto 100% of the loan amount and guarantee of an earning acquaintance of the student for 100% of the loan amount.

Collateral can be in the form of:

Land/ building/,govt. securities/Public Sector Bonds/ Units of NSC, KVP, LIC policy, shares/ debentures, bank deposit in the name of student/ parent/ guardian or any other third party for 100% of the loan.
In case the loan is given for purchase of computer the same to be hypothecated to the Bank

Interest Rate

Fixed

Repayment during moratorium period

he borrower has to repay the interest accrued during the moratorium period on a monthly basis.

Applicant/Co-applicant

Student
Parent/guardian of the student borrower

Disbursement

Disbursement of the loan will be made in stages as per the demand directly to the college/institution.
Student should furnish to the bank after every semester, suitable evidence of his satisfactory progress in the course of his studies. Satisfactory performance will be a pre-requisite for availability of finance for the subsequent years. Bank will have the option to discontinue disbursement of sanctioned loan or recall it at any time if the progress of the student is not satisfactory.

Mode of repayment

Post Dated cheques
Standing Instructions, if the customer has bank account with DCB

Disclaimer

While every effort has been made to ensure that the information provided on the website is accurate, timely, secure and error-free, DCB, their directors, promoters, employees, agents and assigns shall not in any way be responsible for any loss or damages arising in contract, tort or otherwise from the use or inability to use the website and its contents.

Statistical Analysis:

While every effort has been made to ensure that the information provided on the website is accurate, timely, secure and error-free, DCB, their directors, promoters, employees, agents and assigns shall not in any way be responsible for any loss or damages arising in contract, tort or otherwise from the use or inability to use the website and its contents.

Disclosure to Third Parties:

All information submitted to DCB via this site shall be deemed and remain the property of DCB. Unless DCB specifically informs users at the time of collection, or unless users give express consent, DCB does not provide any personally identifying information to a third party. However, if ordered by a Competent Authority / Court of law, DCB will have to disclose to the proper authorities the personal information of any individual user

Right of Access:

Your access and use of the Site is also subject to the Terms of use displayed on the Web Site. By accessing and browsing the Site, you accept, without limitation or qualification, the Terms of use.

For NRI Products:

“The information provided herein is not intended for distribution to, or use by, any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject DCB or its affiliates to any licensing or registration requirements." Interest rates cited as examples of rates which may be in effect from time to time are indicative rates only and are subject to change at any time at the sole discretion of DCB or its affiliates, as the case may be, and applicable Indianlaws.
Remittances made are governed by RBI and Indian Banking Regulations. Charges for remittance services are subject to change from time to time at the sole discretion of DCB. Any reference to the remittance delivery schedule or other service levels are only indicative and should not be construed to refer to any commitment by DCB or any other service provider. The service levels are subject to variations depending on several factors, including without limitation, the clearing house network, the other service provider etc.

Termination:

DCB may terminate your access to this web site and use of its Internet banking service at any time, with or without cause or notice. Amendments:
DCB reserves the right to change the information provided on or via this web site, including the terms of this disclaimer, at any time and without notice. It is recommended that you review the information provided on or via this web site, including the terms of this disclaimer, periodically for changes.

Indemnity:

You hereby agree to indemnify and to keep DCB fully and effectively indemnified against any action, liability, cost, claim, loss, damage, proceeding or expense (including legal fees, costs and expenses on a full indemnity basis) suffered or incurred by DCB arising from or which is directly or indirectly related to:- (a) your access to and/or use of DCB 's web site and/or any other person or entity's use of this service or web site where such person or entity was able to access the service or web site using your user id and/or password; or (b) any breach or non-observance of any of these terms and conditions by you or by any other person or entity where such person or entity was able to access and/or use the Internet banking service or web site by using your user id and login password.

Governing Law:

This web site and disclaimer shall be governed by and construed in accordance with all applicable laws of India. All disputes arising out of or in connection with this disclaimer shall be submitted to the exclusive jurisdiction of the Courts of Mumbai.

Disclaimer for insurance products of Birla Sun Life Insurance (BSLI):

The contract of insurance is between the insurance company (BSLI) and the insured and not between the Bank and the insured. The participation by the customers is purely on a voluntary basis and availment of any facility from the Bank is not linked in any way to the purchase of any of BSLI’s products.

TOP


Receive All Updates Via Facebook