Student Loans from Dena Bank

Dena Bank was established by the family of Devkaran Nanjee on 26th May, 1938, thereby gaining its name from the initial letters of the family name. It was among the thirteen other banks which were nationalised in 1969. It is also one among the various banks which offer educational loans to deserving students aspiring for higher education in India or abroad. This education loan is named as Dena Vidya Laxmi educational loan.


Candidates who have applied for Dena Bank education loan need to meet certain eligibility criteria.

  • Indian nationals getting admission to a professional or technical course in an Indian or foreign university are eligible to apply for education loan.
  • Mark sheet of the qualifying examination and admission proof are required for application and sanction of loan.

Courses Eligible for Dena Bank Student Loan

There are various courses, which are considered eligible for Dena Bank education loans in India.

Student loans from Dena Bank are available for candidates willing to join various graduation, post graduation, masters, Ph. D and professional courses in India.

Various job oriented graduation and post graduation courses are considered eligible for the education loan for students willing to study abroad.

Quantum of Loan

The maximum amount of education loan offered is Rs. 10 lacs (Studies in India) and Rs. 20 lacs (Studies in Abroad) respectively.

Expenses Covered by Vidya Laxmi Educational Loan

Vidya Laxmi loan scheme covers the fees paid for school and hostel charges as well as the travelling expenses, in case of students travelling abroad for studies. It also includes the cost of purchasing books, uniforms, equipments, instruments, computer and other necessary things.


For education loans above Rs. 4 lacs, 5% and 15% are the margins stated for studies in India and abroad respectively.

Repayment of Dena Dank Loan for Education

Loan is to be repaid within a time period of five to seven years, repayment period starting from either one year after the completion of the course or six month after the candidate gets employed, whichever is earlier.

In order to learn more about Dena Bank Interest Rates browse through Dena Bank