DCB Bank Education Loan Summary Table
| DCB Bank Education Loan Limit | For India – INR 7.5 Lakhs
For Abroad – 15 Lakhs |
| DCB Bank Education Loan Interest Rate | 9.65% per annum |
| DCB Bank Education Loan Margin | For loan above INR 4 Lakhs In India: 5% In abroad: 15% |
| DCB Bank Education Loan Processing Fee | Up to INR 4 Lakhs: Nil
Above INR 4 Lakhs: INR 5000 |
| DCB Bank Education Loan Security | Up to 7.50 Lakhs: Only Parent/ Guardian as co-borrower. No Collateral.
Above INR 7.50 Lakhs: security with parents as co-borrower and a collateral |
| DCB Bank Education Loan Repayment | Starts After 1 year of course completion or 6 months after getting a job |
DCB Bank Education Loan Features
The demand for advanced education from elite schools is growing which in result builds the opportunity of finding a lavishly compensated line of work. However, a college with a decent position costs a lot more because of its excellent resources and services. To defeat this, Education Loan assumes a significant part of a student’s life!
Education loans help those who have the capacity and potential. The loan can be beneficial to be used in India or even abroad studies. Whatever the case DCB Bank is there to help the students. Each student can apply for the DCB Bank education loan by following the particular rules and providing the right documentation.
DCB 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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DCB Bank Education Loan Interest Rate
DCB Bank Education loan interest rate is 9.65%.
| 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% |
DCB Bank Education Loan Schemes with Detailed Features, Documents, Max Loan, Courses
| Schemes | Maximum Loan Amount | Interest Rates |
| DCB Bank Student Loan | Rs.20 lakh | 10.05% |
| DCB Bank Scholar Loan | Rs.40 lakh | 8.95% to 9.25% |
| DCB Bank Global ED-Vantage | Rs.1.5 crore | 10.05% |
| DCB Bank Skill Loan | Rs.1.5 lakh | 9.55% |
| DCB Bank Take Over of Education Loan | Rs.1.5 crore | 10.05% |
DCB Bank Education Loan Documents Required
| Identity Proof |
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| Residence Proof |
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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:
| Student Applicant | Mandatory Passport submission |
| Academic Records: X, XII grade results. Graduation results semester wise. Entrance Exam results that form the basis of admission | |
| Proof of admission: An application letter may be seen | |
| Cost of education, schedule of expenses. | |
| 2-passport size photographs | |
| loan account statement for the last 1 year(If the loan was taken out previously) | |
| Co-applicant | 2-passport size photographs |
| loan account statement for the last 1 year(If the loan was taken out before) |
DCB Bank Education Loan Offered Courses
The Education Loan covers courses that are only expected full-time Degree or Diploma programs that the student obtained through selection or merit. DCB Education Loan also rates Full-time Executive Management Courses like PGPX.
EMI Calculator
You can check the EMI for DCB education loans by clicking on EMI Calculator.
DCB Bank: Takeover of Education Loan
An Education Loan is Transferable, it is fundamentally a process of carrying high-interest debt from one to different lenders and with a cheaper interest rate and better repayment policies.
The DCB Bank Takeover Of Collateralised Education Loans Scheme can be availed at an interest charge of 1Year MCLR + 1.50% spread. DCB also gives a 0.50% concession in the interest rate for girls.
How To Apply For DCB Bank Education Loan
- Visit Dialabank for an education loan.
- Go to the DCB Bank Education Loan page.
- Check out all the eligibility and documents standards for an education loan.
- Fill out all the features required in the Education Loan application form.
- Once done, our representative will soon reach you for a further stress-free process.
List of Approved Institutes
- Architecture college
- Bio-technology
- college
- Management college
- Science, Commerce, and Arts college
- Law college
- Medical college
- Pharmacy college
- Engineering college
- Physical education college
- B.ED college
FAQs For DCB Bank Education Loan
✅ In whose name is the loan granted?
The loan is specially made for a student’s education, and therefore, it is granted in the student’s name.
✅ What is the age limit for availing of an education loan in Canara Bank?
There is no age limit restriction in education loans. However, the student must clear all the eligibility criteria’s stated by the bank.
