Education and Career Forum

I want to study MS with education loan in Abroad. But I am confused about the interest rates. I want to know that what are the interest rates of Dena Bank for education loan. Also let me know the the recovery process?

Dena bank offers loan for higher studies in India and abroad.
Rate of interest charged by the bank

*Student admitted in a bank approved educational institution is MCLR =9.45%

*Students admitted in "A" ranked financial institution is
MCLR +1.05% +0.50% TP =11%

Students admitted in other educational institutions
MCLR + 1.05%+0.50%(TP)= 11%

Processing fee of Rs 1000 is charged for overseas Study.

Lender can initiate recovery dues by approaching DRT under recovery of debt due to banks and financial institution ACT 1993 .
The option is available only for high value of outstanding as the amount of debt should not be less than Rs 20 lacs .