Dhanlaxmi Bank Ltd.

Dhanlaxmi Bank Ltd. was incorporated in 1927 at Thrissur, Kerala by a group of ambitious and enterprising entrepreneurs.Over the 87 years that followed, Dhanlaxmi Bank with its rich heritage has earned the trust and goodwill of clients. It is due to our strong belief in the need to seek innovation, deliver best service and demonstrate responsibility, that we have grown from strength to strength. Be it in the number of customers, the scale of business, the breadth of our product offerings, the banking experience we offer or the trust that people invest in us. With more than 671 touch points across India at your service; our focus has always been on customizing services and personalizing relations

Vision : 

Banking on Relationships forever. 

Mission : 

To Become a Strong and Innovative Bank with Integrity and Social Responsibility to Maximise Customer Satisfaction as well as that of the Employees, Shareholders and the Society.

Education loan is the most convenient way of supporting your child's education. You can now easily fund most education-related expenses including fees, boarding & lodging, air travel, insurance premiums, and computers etc.

Features:

Pay admission and tuition fee

Purchase books, study material, equipment and instruments

Pay hostel fees and boarding charges

For studies abroad, fund expenses of air travel, incidental charges, purchase of outfits (clothing & other equipment)

Fund other education-related expenses such as examination, library and laboratory fee, uniforms, caution deposit, building fund or refundable deposits supported by Institution bills and receipts, up to 10% of the total tuition fees for the entire course

Purchase computers needed for the course.

Insurance premium for student borrower

Any other expense in relation to the course - study tours, project work, thesis etc.

Eligibility:

For higher studies in India:

Students of Indian nationality (whether minor or major)

Parents can also apply jointly with the student and facilitate repayment through existing sources of income

Courses applicable:

Graduate and post-graduate degree/diploma courses in computer science, engineering, medicine, dental science, pharmacy, agricultural and veterinary sciences

Post-graduate courses in arts, general science, commerce, and management (from recognized colleges and universities)

Post graduate diploma in computer application from reputed institutes such as NIIT, APTECH, BITECH, SSI etc.

For studies abroad:

Indian National over 18 years of age

The applicant should produce a copy of the Result of Qualifying/ Mandatory examination such as TOEFL, SAT, GRE, AGRE, GMAT etc. together with a copy of valid passport, proof of Admission to the college or university and a copy of the Visa / Form I-20

Courses applicable (for courses abroad):

Under-graduate courses in biological & natural sciences, computer sciences, engineering

Post-graduate courses in the above disciplines and business administration (Applicants should submit a brief report on the prospects of the course.)

Academic background (for India and abroad):

Applicant/student should have passed the qualifying examination securing a position eligible for admission to the course opted for study.

Duration of course:

Courses within India  

5 years

Courses abroad 

3 years

Holiday period

Duration of the course plus 6 months or getting a job, whichever is earlier

Security:

Up to Rs. 4 lakhs - No security

Above Rs. 4 lakhs - Collateral in the form of a satisfactory guarantee

Approved shares / insurance policies with surrender value, national savings certificates, IVP, Bank deposits etc. or collateral security such as land or building,  equivalent to loan amount accepted as security collateral

Documentation:

Photocopies of all certificates from previous examinations (SSC onwards)

A certificate from the College/University authorities stating that the student is continuing education, should be submitted every year. 

Fees & Charges:

Loan Processing Charges

Nil

Prepayment

Nil 

Pre-payment charges

Nil 

No Due Certificate / No Objection Certificate (NOC)

Rs. 250/- 

Duplicate no due certificate / NOC

Rs. 250/- 

Capability Certificate

Rs. 250/-Applicable to studies abroad

Charges for late payment of EMI

@ 24 % p.a on amount outstanding from date of default 

Stamp Duty & other statutory charges

As per applicable laws of the state 

Cheque swapping charges

Rs 500/- per event 

Loan Re-booking charges / Re-scheduling charges

Not applicable 

Loan cancellation charges

Not applicable 

Cheque Bounce Charges

Rs. 500/- Per Cheque 

Legal / incidental charges

At actual

To Apply Education Loan Click Here