Features: The Dhanam Vidya Credit Scheme can be utilized for Payment of Fees (Admission and Tuition), Purchase of Books, Study material, Equipment/Instruments, Hostel fees/Boarding charges and for studies abroad including air travel, incidental charges, purchase of outfits (clothing & other equipment), etc.
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 Dhanalakshmi Bank Ltd - India (for Education Loan) |
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Bank Name: |
Dhanalakshmi Bank Ltd |
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Study In: |
India |
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Type of Courses Eligible: |
CA,Commercial Pilot,Diploma/ Degree courses,Graduation courses,LLB,MBA,MBBS,Others,Post Graduation courses |
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Cost Covered: |
Payment of fees, purchase of books and study material, purchase of equipment/ instruments, hostel fees, purchase of clothing & other equipment |
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Moratorium Period: |
course period + 6 months of getting a job, whichever is earlier |
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Interest Rate Type: |
Floating |
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Interest Rate: |
13.5 |
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Processing Fee: |
0.5% of loan amount |
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Prepayment Charges: |
Nil |
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Collateral Description: |
Collateral in the form of a satisfactory guarantee. Security of approved shares / insurance polices with Surrender value/ NSC/ IVP/ Bank deposits etc. And/or Collateral security of land/ Building property equivalent to loan amount.
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Guarantor Description: |
Yes |
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Margin: |
NA |
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