- What is Dena Bank education loan interest rate?
- What is the margin money on the Dena Bank education loan?
- How much loan can be taken from the Dena Bank education loan to study abroad?
- What is the moratorium period in the Dena Bank study loan?
- What are the documents required for a Dena Bank education loan?
- At what locations in India can a student avail of a Dena Bank education loan?
- How can GyanDhan help you with your abroad education loan?
- Listed Universities - 8.25% for boys, 7.75% for girls,
- Unlisted Universities - 8.9% for boys, 8.4% for girls. Interest rates are linked to MCLR.
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From Student -
- Identity Proof: PAN/ Passport/ Driver’s License/ Voter ID card.
- Address: Recent copy of Telephone Bill/ Electricity Bill /Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhaar Card.
- Passport Mandatory (in case of study abroad).
- Past Academic Record.
- 10th Result
- 12th Result
- Under Graduate Result Semester Wise (If required)
- Entrance Exam Result (e.g. GMAT, GRE, TOEFL, etc. for abroad study)
- Entrance Exam Result (e.g. CAT, CMAT, JEE, NEET, CET, GMAT, GRE, etc. for domestic institutes)
- Proof of Admission: Admission Letter. A conditional admission letter is also applicable.
- Statement of cost/expenses.
- 2 passport-size photographs.
- Loan A/C statement of one year, if there is any previous loan from other Banks/ Lenders.
-
From Co-applicant -
- Identity Proof: PAN/ Passport/ Driver’s License/ Voter ID card.
- Address: Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhaar Card.
- 2 passport-size photographs.
- If any previous loan from other Banks/ Lenders, then Loan A/C statement of one year.
- Legal documents of the collateral/ Property documents
- Income proofs
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Collateral Documents Required -
- Registered sale deed
- If the property is a built one, then approved plan/map
- Link or chain documents, showcasing the ownership history of the property for the last 30 years
- A latest property tax receipt
- Occupancy proof
Updated on: 04 Sep 2023
6 min read
Founded in 1938, Dena Bank is now a fully owned subsidiary of Bank of Baroda. Dena Bank was amalgamated with the Bank of Baroda on 01st April 2019. Dena Bank education loan to study overseas also ceased to exist and students can now apply for Bank of Baroda education loan to finance their foreign education. When founded, Dena Bank was named Devakaran Nanjee Banking Company - named after its founder Devkaran Nanjee. After being incorporated as a public company, it was renamed Dena (Devkaran Nanjee) Bank.
Founded in 1938, Dena Bank is now a fully owned subsidiary of Bank of Baroda. Dena Bank was amalgamated with the Bank of Baroda on 01st April 2019. Dena Bank education loan to study overseas also ceased to exist and students can now apply for Bank of Baroda education loan to finance their foreign education. When founded, Dena Bank was named Devakaran Nanjee Banking Company - named after its founder Devkaran Nanjee. After being incorporated as a public company, it was renamed Dena (Devkaran Nanjee) Bank.
Table of Content To know about Dena Bank study loans, students can read about the Bank of Baroda Scholar scheme that provides education loans to students who want to pursue foreign education. Let's explore the features and details of the current abroad education loan product... The interest rate of Dena Bank abroad education loan is: Dena Bank Education Loan Details Maximum Loan Amount Listed Universities: Rs.80 lakh Loan Tenure Up to Rs.7.5 lakh: Moratorium period + 10 years Interest Rate Listed Universities: 8.25% for boys, 7.75% for girls, Moratorium Period 6 months after the course completion Margin Money Listed Universities: NIL Processing Fee Rs.10,000 + GST (Rs.10,000 refundable); Additional property valuation charge of Rs. 7,500, in case of Real Estate collateral Dena Bank margin money for premier universities is zero. For the other universities, margin money up to Rs.4 lakh is zero while, for loan amount above Rs.4 lakh, the margin money is 10%. The maximum loan amount that can be taken from Dena Bank to study in any of the listed institutes is INR 80 lakhs. To study in an unlisted university or college, the maximum loan amount that can be availed of as a Dena Bank study loan for overseas is INR 60 lakhs. Fill the form to get free expert help The Dena Bank moratorium period is up to 6 months after the course gets completed. The maximum loan tenure for Dena Bank foreign education loan can be up to 15 years for loan amount exceeding INR 7.5 lakhs. For a loan amount above INR 7.5 Lakhs, Dena Bank only offers a loan with collateral. The documents required are: Read more about: Documents Required for Education Loan An education loan from Dena Bank can be taken from any branch in proximity to your place of residence. GyanDhan, India’s first education loan financing marketplace, assists students to get the best education loan product for overseas education from government banks- SBI, private banks- ICICI Bank & Axis Bank, and NBFCs HDFC Credila. You can check your loan eligibility now and free help in getting a foreign education loan at the lowest interest rate with faster process and higher chances of loan approval. Read Also:
What is Dena Bank education loan interest rate?
Unlisted Universities: Rs.60 lakh
Above Rs.7.5 lakh: Moratorium period + 15 years
Unlisted Universities: 8.9% for boys, 8.4% for girls. Interest rates are linked to MCLR.
Unlisted Universities: Up to Rs.4 lakh - NIL, Above Rs.4 lakh - 10%
What is the margin money on the Dena Bank education loan?
How much loan can be taken from the Dena Bank education loan to study abroad?
Need an Abroad Education Loan?
What is the moratorium period in the Dena Bank study loan?
What are the documents required for a Dena Bank education loan?
At what locations in India can a student avail of a Dena Bank education loan?
How can GyanDhan help you with your abroad education loan?

A keen lover of reading and loves to explore new things. A strong believer of spirituality and goodness.

Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh students in his 8-year-long journey.
Specializes in:
Education loan ,
Study Abroad Admissions

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