Dhanlaxmi Bank Education Loan Summary Table
| Dhanlaxmi Bank Education Loan Limit | For India – INR 10 Lacs For Abroad – 20 Lacs (Up to ₹ 7.5 lakh without collateral) |
| Dhanlaxmi Bank Education Loan Interest Rate | 9.65% per annum |
| Dhanlaxmi Bank Education Loan Margin | For loan above INR 4 Lacs In India: 5% In abroad: 15% |
| Dhanlaxmi Bank Education Loan Processing Fee | Up to INR 4 Lacs: NilAbove INR 4 Lacs: INR 5000 |
| Dhanlaxmi Bank Education Loan Security | Up to 7.50 Lacs: Only Parent/ Guardian as co-borrower. No Collateral Security or third party guarantee.Above INR 7.50 Lacs: Tangible security along with parents as co-borrower |
| Dhanlaxmi Bank Education Loan Repayment | Starts After 1 year of course completion or 6 months after getting a job |
Dhanlaxmi Bank Education Loan Features
Education loans are an important requisite for students these days. They help students in joining top colleges of their choice by giving them financial aid. The loan can be used to cover the tuition fees, hostel charges, living expenses etc. according to the needs of the students. Dhanlaxmi Bank provides education loans to students in need of them. Any student can apply for the Dhanlaxmi Bank education loan by following the simple steps and submitting the required documents.
Dhanlaxmi 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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Dhanlaxmi Bank Education Loan Interest Rate
Dhanlaxmi Bank Education loan interest rates range from 8.85% and 10.75%.
| 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% |
Dhanlaxmi Bank Education Loan Schemes with detailed features, documents, max loan, courses
| Schemes | Maximum Loan Amount | Interest Rates |
| Dhanlaxmi Bank Student Loan | Rs.20 lakh | 10.05% |
| Dhanlaxmi Bank Scholar Loan | Rs.40 lakh | 8.95% to 9.25% |
| Dhanlaxmi Bank Global ED-Vantage | Rs.1.5 crore | 10.05% |
| Dhanlaxmi Bank Skill Loan | Rs.1.5 lakh | 9.55% |
| Dhanlaxmi Bank Take Over of Education Loan | Rs.1.5 crore | 10.05% |
Dhanlaxmi Bank Education Loan Documents Required
Under Know Your Customer Policy (KYC), the bank requires certain documents. These documents are required from both the student and co-borrower:
| Identity Proof | One of any mentioned document for Identity proof:
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| Residence Proof | One of the following documents for Residence proof (It should not more than 3 months old):
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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: Aside from KYC documents:
| Student Applicant | Mandatory Passport submission |
| Academic Records: X, XII grade results. Graduation results semester wise. Entrance Exam results that formed the basis of admission | |
| Proof of admission: A conditional application letter may be considered | |
| Cost of education, schedule of expenses. | |
| 2-passport size photographs | |
| If the loan was taken out before then loan account statement for the last 1 year. | |
| Co-applicant | 2-passport size photographs |
| If the loan was taken out before then loan account statement for the last 1 year. |
Dhanlaxmi Bank Education Loan Offered Courses
The Education Loan covers courses that are just customary full-time Degree or Diploma courses that the understudy made sure about through choice or legitimacy. Dhanlaxmi Bank Education Loan likewise considers Full-time Executive Management Courses like PGPX.
EMI Calculator
Dhanlaxmi Bank Education Loan EMI Calculator
Dhanlaxmi Bank: Takeover of Education Loan
An Education Loan is Transferable, it is fundamentally a cycle of moving high-intrigue obligation starting with one then onto the next bank and with a lower financing cost and better reimbursement strategies.
The Dhanlaxmi Bank Takeover Of Collateralised Education Loans Scheme can be benefited at a financing cost of 1Year MCLR + 1.50% spread. Dhanlaxmi likewise gives a 0.50% concession in the loan cost for young ladies.
How To Apply For Dhanlaxmi Bank Education Loan
- Visit Dialabank for an education loan.
- Go to the Dhanlaxmi Bank Education Loan page.
- Check out all the eligibility and documents criteria for an education loan.
- Fill out all the details required in the Education Loan application form.
- Once done, our representative will soon contact you for a further stress-free process.
List of Approved Institutes
- Architecture college
- Law college
- Medical college
- Pharmacy college
- Engineering college
- Bio-technology
- college
- Management college
- Science, Commerce, and Arts college
- Physical education college
- B.ED college
