Education and Career Forum

Respected Sir/Madam, I want to apply for Dena Professionals Education Loan Scheme of Dena Bank. It is a good initiative taken by this Bank for students who are willing to do short term professional course. But, I want to know about the interest rates in this scheme of education loan. Please tell me asap.

Interest rates under Dena Professionals Education Loan Scheme are as follows.

For admission in bank approved educational institutions: MCLR = 9.45%

For admission in ‘A’ rated educational institutions: MCLR + 1.05% + 0.50% (TP) = 11%

For admission in other educational institutions: MCLR + 1.05% + 0.50% (TP) = 11%

1% concession is given if the interest is serviced on time during the study period when the repayment holiday is specified. Simple interest is charged during the moratorium period.