Education and Career Forum

Hello everyone, can anyone of you please let me know that in the new scheme of Dena Bank which is IBA Model Skill Loan Scheme, there is any kind of margin also? I have searched alot but couldn’t get the answer. Please help me to know asap.

Yes, the margin is available in Dena Bank IBA Model Skill Loan Scheme. Details of margin under Dena Bank IBA Model Skill Loan Scheme are mentioned below:-

—> Nominal margin money as down-payment from the student, to keep the student serious about the course.

—> Down-payment and amount paid as Interest during the course together will not exceed 10% of the total course amount.

Originally Posted by Unregistered

Hello everyone, can anyone of you please let me know that in the new scheme of Dena Bank which is IBA Model Skill Loan Scheme, there is any kind of margin also? I have searched alot but couldn’t get the answer. Please help me to know asap.

Students have to pay nominal margin money as down payment, to keep the students serious about the course under Dena Bank IBA Model Skill Loan Scheme. However, the down payment (margin) and the amount paid as interest during the course together should not exceed 10% of the total educational loan amount under Dena Bank IBA Model Skill Loan Scheme. Details are available at the Dena Bank website link given Click Here

There is a nominal margin considered as down payment from the student, to keep the students responsible regarding course.

The down payment and the interest amount during the course together should not exceed 10% of the total course amount.

You can find details on the below mentioned website link:

https://www.denabank.com/viewsection...&id=0,4,26,476

Yes, nominal margin money as down payment from the student, to keep the student serious about the course. The down payment and the amount paid as interest during the course together should not exceed 10% of the total course amount.