Dena Bank was founded on 26th May, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd
It became a Public Ltd. Company in December 1939 and later the name was changed to Dena Bank Ltd.
In July 1969 Dena Bank Ltd. along with 13 other major banks was nationalized and is now a Public Sector Bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. Under the provisions of the Banking Regulations Act 1949, in addition to the business of banking, the Bank can undertake other business as specified in Section 6 of the Banking Regulations Act, 1949.
Ensure a bright future for your children. Provide them with the best of higher education in India or abroad. Avail Dena Vidya Laxmi Educational Loan.
You are eligible if:
You are an Indian national and have secured admission to a professional or technical course in an Indian or Foreign university.
Simply walk in with the mark sheet of the qualifying exam. and proof of admission.
Study in India:
Graduation courses, Post-Graduation courses, Masters & PhD, Professional courses.
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.
Upto Rs.10 lakhs for studies in India.
Upto- Rs. 20 lakhs for studies abroad.
Loan takes care of :
Fee payable to colleges/ schools/ hostels
Examination/ Library/ Laboratory fees.
Purchase of books, equipment, instruments and uniforms.
Passage fare for travel abroad.
Purchase of computers needed to complete the course.
Any other expense to complete the course like study tours, project work, thesis etc.
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.
Rate of Interest:
Please Check out the Interest Rates Section to find latest Interest Rates applicable.Click Here
1% interest concession if interest is serviced as and when due during the moratorium period when repayment holiday is specified.
SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD.
Rs.1000/- for studies abroad which is refundable on availing the limit.
For loans upto Rs.7.50 lakhs : Upto 10 years
For loans above Rs.7.50 lakhs : Upto 15 years
Dena Bank, Dena Corporate Centre C-10, G Block, Bandra-Kurla Complex Bandra [E]. Mumbai- 400 051022-26545000