Dhanalakshmi Bank Education Loan

Overview of Dhanalakshmi Bank Education Loan:

Dhanlaxmi bank was created in 1927 in Thrissur, Kerala and has been rising quickly since then. With different branches around India, Dhanlaxmi Bank concentrates on customizing their solutions and personalizing client connections. Dhanlaxmi Bank Education Loan Scheme is among the greatest choices for pupils to pursue their own dreams of higher education in India or overseas. The amount of the loan covers extra expenses such as hostel fees, laboratory fees, traveling etc..

Features and Benefits of Dhanlaxmi Bank Education Loan Scheme:

Purpose of the loan:

Not only can students pay their entry fees and tuition fees, but they're also able to purchase books, gear, tools and research material needed within their course of study together with the amount of the loan given by Dhanlaxmi Bank. The hostel fees and boarding fees may be addressed by the amount of the loan too. Students pursuing higher education in foreign countries are able to use the loan amount for costs such as travel, incidental fees, fundamental essentials etc.. Other education related expenditures such as library fees, evaluation fees and lab fees could be financed by Dhanlaxmi Bank education loan. Study schools, thesis, project functions and insurance premium may be paid utilizing the amount of the loan.

Security: 

• Upto Rs. 4 lakh - No security is needed
• Above Rs. 4 lakh -- Satisfactory guarantee is needed in the student, parents or guardian in the kind of collateral security. Shares, Insurance policies, IVP, bank deposits, property or building could be Regarded as collateral provided that the value is equal to the amount of student loan given to the pupil

Dhanlaxmi Bank Education Loan interest rates for studies in India and abroad:

• The Base rate is 11.50 percent

Eligible Courses:

India

• Degree and Diploma courses for graduation and post-graduation comprising of the following areas - medicine, engineering, science, commerce, humanities, agriculture, pharmacy, veterinary science etc..
• Post graduate degree courses in computer application from many renowned institutions such as APTECH, NIIT, SSI, BITECH etc..

Abroad

• Under-graduate courses in engineering, computer science, biological science etc..
• Post-graduate courses for all the courses mentioned for undergraduate classes along with business management courses

Qualification:

For higher education in India, students have to be citizens of India. For studying in overseas nations, the pupil has to be over 18 decades old and ought to hold Indian citizenship. The student also needs to create documents to prove his result at qualifying exams like SAT, TOEFL, GRE, GMAT, AGRE etc.. The length of the class in India ought to be within five decades and the length of the course overseas ought to be within 3 decades.

Documentation:

The student must produce photocopies of all education certificates, starting from SSC till the latest educational qualification. The college or university authorities should issue a certificate every year stating the continuation of the student’s education.

Fees and Charges: