Education and Career Forum

Respected Sir,
I want to apply an Education Loan from Dhanlaxmi Bank. I want to do MBBS in Abroad so I want to apply an Education Loan. Kindly tell me what is the processing fee of applying an Education Loan in this Bank? Please tell me asap.

Dhanlaxmi Bank does not charge any Processing fee on Education loan which is taken for pursuing higher studies in Abroad.

Expenses that are covered under Education loan offered by Dhanlaxmi Bank are listed below :-

=> Admission and tuition fee.

=> Hostel fees and boarding charges

=> Cost required to purchase books, study material, equipment and instruments.

=> Examination, library and laboratory fee, uniforms, caution deposit, refundable deposits supported by Institution bills and receipts, up to 10% of the total tuition fees for the entire course.

=> Amount required to purchase computer/ laptop needed for completion of the course.

=> Insurance premium for student borrower.

=> Any other expense related to course like study tours, project work, etc.

=> Expenses of air travel, incidental charges, purchase of outfits (clothing & other equipment) for studies in Abroad.

Dhanlaxmi Bank does not charge any fee for processing the Education loan for pursuing higher studies in Abroad. The other charges for certificates of Education loan are as follows :-

--> No Due Certificate / No Objection Certificate (NOC) :- Rs. 250/-
--> Duplicate no due certificate / NOC :- Rs. 250/-
--> Capability Certificate :- Rs. 250/-

The processing fee which is charged by Dhanlaxmi Bank is around 300 INR for education loan. It includes the cost of loan documents as well. However, the exact amount fluctuates from time to time as per bank norms, so you need to contact the concerned branch of Dhanlaxmi bank from where you are seeking education loan, get to know the exact amount from the branch manager of the concerned branch of Dhanlaxmi Bank.