Dhanlaxmi Bank Education Loans Interest Rates 2024

Dhanlaxmi bank offers best interest rates on education loans. Get details on Documents, Process, Eligibility & Security.

Education loan is the most convenient way of supporting your child’s education. You can now easily fund most education-related expenses including fees, boarding & lodging, air travel, insurance premiums, and computers etc.

Features:

• Pay admission and tuition fee
• Purchase books, study material, equipment and instruments
• Pay hostel fees and boarding charges
• For studies abroad, fund expenses of air travel, incidental charges, purchase of outfits (clothing & other equipment)
• Fund other education-related expenses such as examination, library and laboratory fee, uniforms, caution deposit, building fund or refundable deposits supported by Institution bills and receipts, up to 10% of the total tuition fees for the entire course
• Purchase computers needed for the course.
• Insurance premium for student borrower

Interest Rates:

Eligibility required for loans:

For higher studies in India:

• Students of Indian nationality (whether minor or major)
• Parents can also apply jointly with the student and facilitate repayment through existing sources of income

Courses applicable:

• Graduate and post-graduate degree/diploma courses in computer science, engineering, medicine, dental science, pharmacy, agricultural and veterinary sciences
• Post-graduate courses in arts, general science, commerce, and management (from recognized colleges and universities)
• Post graduate diploma in computer application from reputed institutes such as NIIT, APTECH, BITECH, SSI etc.

For studies abroad:

• Indian National over 18 years of age
• The applicant should produce a copy of the Result of Qualifying/ Mandatory examination such as TOEFL, SAT, GRE, AGRE, GMAT etc. together with a copy of valid passport, proof of Admission to the college or university and a copy of the Visa / Form I-20

Courses applicable (for courses abroad)

• Under-graduate courses in biological & natural sciences, computer sciences, engineering
• Post-graduate courses in the above disciplines and business administration (Applicants should submit a brief report on the prospects of the course.)

Academic background (for India and abroad)

• Applicant/student should have passed the qualifying examination securing a position eligible for admission to the course opted for study.

Duration of course

• Courses within India – 5 years
• Courses abroad – 3 years

Holiday period

• Duration of the course plus 6 months or getting a job, whichever is earlier

Documentation required for loan:

• Photocopies of all certificates from previous examinations (SSC onwards)
• A certificate from the College/University authorities stating that the student is continuing education, should be submitted every year.