Education Loan from Dena Bank

Course Eligibility

a) For Studies in India
Graduation courses
Post-Graduation courses
Masters & PhD
Professional courses

b) Studies abroad:
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 and Interest Rates:
The interest rates for Dena Bank Education Loan are as follows:

Loan amounts of Rs 4 lakhs or below 11.80% p.a. (to be repaid within 3 years)
Loan amounts above Rs 4 lakhs 11.80% p.a. (to be repaid within 3 years)

During the moratorium period only simple interest is charged on the loan amount. The students get a concession of 1% on the interest rate when the payments for the interest charged are made on time, during the repayment holiday period.
For the following institutes, the actual rate applicable is the base rate. The base rate changes from time to time, depending on RBI’s guidelines. Currently the base rate is 10.25% and so the interest rate for these institutions is also 10.25%


  • 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.

The documents required for applying for Dena Bank Education Loan are as follows:

  • Proof of Identity
  • Admission letter of college, institute or university (in India or abroad)
  • Brochure detailing the course fee charged by the institute
  • Application form

For loans upto Rs.7.50 lakhs : Upto 10 years
For loans above Rs.7.50 lakhs : Upto 15 years

Copy of land records
Collateral securities along with title clearance report, latest valuation report, or bonds, NSCs, share certificates, LIC policies, etc. can be used as the security