Dhanlaxmi Bank Education Loan is a way to ensure a bright future for your deserving child. The loan from this bank is an effective means of getting financial assistance for higher studies in India or abroad. Dhanlaxmi Bank Education Loan and can help you in making your dreams a reality. The loan is an effective means of securing a better future and successful life ahead by pursuing various courses approved in renowned universities in India and abroad.

Dhanlaxmi Bank Education Loan Interest Rate:

The Dhanlaxmi Bank Education Loan interest rate is competitive and attractive and can be availed for study in India and abroad.

Dhanlaxmi Bank Education Loan rate is Base Rate+6.5% which is approximately 15.25%. Most students looking for Bank finance for higher education find Dhanlaxmi Bank Education Loan interest rate very competitive and attractive.

Dhanlaxmi Bank Education Loan Eligibility And Expenses Covered:

Dhanlaxmi Bank Education Loan can be availed by any resident Indian. The loan can be availed for any graduation and post graduation courses. All Recognized Courses like:

Graduate and Post graduate degree in computer science, dental, medicine, pharmacy, agricultural and veterinary sciences. 

• ·ICWA
• ·CA, CFA
• ·IIM
• ·IIT, IISc, XLRI, DOEACC
• ·Post graduate degree in NIIT, APTECH,BITECH, SSI etc.

Loan is also offered for courses by UGC held programs that qualify for Dhanlaxmi Bank Education Loan eligibility.

The loan applicant has to pay margin money ranging from 5-15 % of the total loan amount applied for courses in India & Abroad.

Other Qualifications For Dhanlaxmi Bank Education Loan Eligibility Are:

• ·For Dhanlaxmi Bank Education Loan eligibility the candidate should be a Resident Indian of minimum 18 years of age.
• ·Admission to technical courses in India is possible through Dhanlaxmi Bank Education Loan eligibility.
• ·A co-applicant is required for full time courses.
• ·The maximum loan for studies in India is at the maximum is Rs.10 lacs
• ·The maximum loan for studies abroad is at the maximum is Rs. 20 lacs.

The Expenses Covered Under The Loan Are:

1. College Fee

2Hostel and Library charges

3Caution deposit

4Money to go abroad

5Money for Study tours, Project work, Computer etc.

Dhanlaxmi Bank Education Loan Review And Documentation:

According to the Dhanlaxmi Bank Education Loan review the student would need to provide the following documents for the processing of the loan apart from Proof of Age, Signature, Identity and Residence:

1Fully completed loan application form along with Institutes Admission letter with Fee Break up.

2Two Photographs

Dhanlaxmi Bank Education Loan review and documentation for the salaried co- borrower

1Bank Statement for last 6 months.

2Income Tax Statement for the last two years

3A brief about the asset and liabilities possessed by the borrower

4Latest 2 Salary slips

Dhanlaxmi Bank Education Loan review and documentation for the self employed individual

1Bank Statement

2Income Tax Return

3Profit and Loss Account or Balance Sheet of the Company

4Proof of Qualification.

Dhanlaxmi Bank Education Loan Review And Application Procedure:

Dhanlaxmi Bank Education Loan application forms are available at all bank branches across India. The filled up forms can be then submitted along with the loan application at the branch and the loan will be disbursed in installments to the college or institute directly.

Dhanlaxmi Bank Education Loan Rate Repayment Option And Pre Closure Process:

The loan needs to be paid back in maximum 3 to 5 years from the date of disbursement of the loan. The student can avail a repayment holiday for a period of six months or till the person gets a job or whichever is earlier. The pre closure charges are 4% of principal outstanding after paying 6 EMI?. Late fee charges are 24% per annum on amount outstanding from date of default.

Dhanlaxmi Bank Education Loan Tax benefits: One can get tax benefits if any according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.

More details on Dhanlaxmi Bank Education Loan eligibility and Dhanlaxmi Bank Education Loan Rate etc. are on the official site at:

http://www.dhanbank.com/personal/education_loans.aspx