Student Loans from Development Credit Bank Limited


Established 75 years ago from now, Development Credit Bank was a result of India's economic liberalization policy. It is a private sector bank privatised on 31st May 1995. Presently it has as many as 72 regional branches in different states like Karnataka, New Delhi, Goa, Tamil Nadu, Haryana, West Bengal, Maharashtra, Gujarat, Andhra Pradesh, and in the two union territories of Dadra & Nagar Haveli and Daman & Diu.

DCB is in constant efforts to work for the welfare of common public. As a result of this, it is involved in social activities in the areas of health, education and economic development under the present CEO and Managing Director of the DCB, Mr. Gautam Vir supported by his board of directors. DCB provides educational loans to meritorious students who aspire to pursue higher studies. The maximum time required for the processing of the loan is one week.


Loan has to be repaid within 6 months after completion of course study. If the student is capable to do it, only then he is considered eligible to apply for loan.

Documents to be submitted

Documents such as previous academic records, income proof of guardian, proof of selection to the course, copy of ration card and details of admissible expenses needs to be submitted for the application of education loan to avail the facility.

Amount of Loan

The amount of loan provided by Development Credit Bank vary with the types of courses to be pursued. However the amount that is lent by the bank can be broadly divided into two categories. The details are:

  • For studies studying in India, a loan of maximum amount of Rs. 5 Lacs is provided.

  • A maximum loan amount of 75% of the course fees is provided for studies in abroad.

Rate of Interest

For studies within India

  • Upto Rs. 200000: 13.5%

  • Above Rs. 200000: 15.5%

For studies abroad

  • Upto Rs. 200000: 13.5%

  • Above Rs. 200000: 15.5 %

  • Collateral and Third Party Guarantee required

Repayment period

The loan must be repaid within 3 − 5 years from the commencement of the repayment period, when studies within India are considered.

Loans taken for studying in abroad should be repaid within a period of 4 years from the commencement of repayment period.

Related Link: DCBL