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  #1  
30th April 2017, 12:12 PM
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Interest rate, EMI amount and amortization details for an education loan of 6 lakh in Dena Bank?


Hello sir, I want to apply for an education loan of 6 lakh in Dena Bank. Please tell me applicable interest rate, EMI amount and amortization details for it?




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  #2  
3rd May 2017, 01:49 PM
MerajAmir
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Join Date: Jan 2017
Location: kolkata
Posts: 812
Default Re: Interest rate, EMI amount and amortization details for an education loan of 6 lakh in Dena Bank?

The borrower who took the education loan from Dena bank has to repay the loan amount along with the interest rate of 11.80%. There is no processing charges to take the education loan if the borrower will study in India and the maximum of Rs. 10 Lac will be sanctioned to study in India. The amount under Rs. 7.5 Lac has to repay within 3 years. The margin of the bank will be 5% if the loan amount is above Rs. 4 Lac. Loan up to Rs. 4 Lac required no security, but above that amount the co-borrower, guarantee from third party guarantor will be required.
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