Education and Career Forum

I have heard that Dena Bank is introduced IBA Model Skill Loan Scheme for the students who are willing to do short term professional courses. I would like to know that if I apply in this scheme then what prepayment fine will they charge? I am interested to apply in this scheme but need to know about prepayment fine first.

The prepayment fine or charges under Dena Bank IBA Model Skill Loan Scheme are Nil. You can repay the loan amount any time after commencement of repayment without having to pay any pre-payment charges.

Quantum of loan offered under Dena Bank IBA Model Skill Loan Scheme is Rs. 5000/- to Rs. 150000/-.

There is no prepayment fine and processing charges under Dena Bank IBA Model Skill Loan Scheme. You should be an Indian National and have a secured admission to short term professional courses to be eligible to get education loan under Dena Bank IBA Model Skill Loan Scheme.

You can find details on the below mentioned website link:
https://www.denabank.com/viewsection...&id=0,4,26,476

The borrower can repay the loan any time after commencement of repayment without having to pay any pre-payment charges.