Dena Bank
Government interest subsidy scheme for Economically Weaker Sections (EWS)
Coverage:
- EWS with upper parental income of Rs.4.50 lakhs per annum.
- For recognized Technical / Professional Courses in India after Class XII as approved by Ministry of Human Resources Department, Government of India.
- Certification of income by Designated authority in the prescribed format.
- Applicable from academic year 2009-10.
- Interest Subsidy during moratorium period (Course period + 6 months / 1 year).
Interest subsidy may be available for education loans availed by students belonging to notified Minority communities also having lower than a specified parental income for pursuing study abroad for Masters ,M.Phil or PhD, during their study/repayment holiday, from the Academic Year 2013-14 under our Padho Pardesh Scheme.
The Topper for your children's Higher Education
You are eligible if:
- You are an Indian national and have secured admission to a higher education course in recognized institutions in India or Abroad.
- 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.
Graduation :
For job oriented professional / technical courses offered by reputed universities
Post Graduation :
MCA, MBA, MS etc.
Courses conducted by CIMA-London, CPA in USA etc.
Loan Amount:
For students admitted to full time courses conducted by IIT / IIM /ISB only : Full course fee without any upper loan ceiling, subject to margin may be financed.
For Students admitted to Full time courses conducted by A rated Institutions and Bank's approved Educational Institutions:
Need based finance to meet the expenses to be worked out taking in to account margins stipulated subject to the following ceilings:
- Studies in India Maximum up to Rs 15 lakhs
- Studies Abroad Maximum up to Rs 25 lakhs
- University of Cambridge, UK
- University of Oxford, UK
- Imperial College London,UK
- University College London(UCL), UK
- University of Edinburgh, UK
- University of Toronto, Canada
- McGill University, Canada
- Havard University, USA
- Massachusetts Institute of Technology(MIT), USA
- Yale University, USA
- University of Chicago, USA
- University of Pennsylvania(Upenn),USA
- Columbia University, USA
- Stanford University, USA
- California Institute of Technology(Caltech),USA
- Princeton University, USA
- University of Michigan, USA
- Cornell University, USA
- Johns-Hopkins University, USA
- Duke University, USA
- University of California, Berkeley (UCB),USA
- Northwestern University, USA
- ETH Zurich (Swiss Federal Institute of Technology Switzerland)
- University of Hong Kong (HKU)
Studies in India Maximum up to Rs 10 lakhs
Studies Abroad Maximum up to Rs 20 lakhs
- 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.
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:
Student Admitted in Banks approved Ed Institutions
MCLR = 9.55%
Student Admitted in A rated Ed Institutions :
MCLR +1.05 + 0.50 (TP) =11.10%
Student Admitted in other Ed Institutions :
MCLR +1.05 + 0.50 (TP) =11.10%
- 1% interest concession if interest is serviced as and when due during the study period when repayment holiday is specified.
- SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD.
- Process Fees : Rs.1000/- for studies abroad which is refundable on availing the limit.
- Repayment Holiday / Moratorium Course period + 1 year.
- Repayment period maximum up to 15 years for all loans.
- All loans up to Rs.7.50 lacs are covered under Credit Guarantee Scheme managed and operated by National Credit Guarantee Trust Company Ltd (NCGTC).
Contact:
- Hyd : 040-24051114
- A.P : 8886423457
- Bihar : 7541808784
- Goa : 0832-2293222
- Himachal Pradesh : 01795-245660/245661
- Karnataka : 08158 258525
- Maharashtra : 0253-2515437
- Punjab : 09855201709
- TamilNadu : 04424994279