Education Loan of Dhanlaxmi Bank

Published: Friday September 06, 2019 16:28

Education loan is the most convenient way of supporting your child's education. You can now easily fund most education-related expenses including fees, boarding & lodging, air travel, insurance premiums, and computers etc.


I. Pay admission and tuition fee
II. Purchase books, study material, equipment and instruments
III. Pay hostel fees and boarding charges
IV. For studies abroad, fund expenses of air travel, incidental charges, purchase of outfits (clothing & other equipment)
V. Fund other education-related expenses such as examination, library and laboratory fee, uniforms, caution deposit, building fund or refundable deposits supported by Institution bills and receipts, up to 10% of the total tuition fees for the entire course
VI. Purchase computers needed for the course.
VII. Insurance premium for student borrower
VIII. Any other expense in relation to the course - study tours, project work, thesis etc.

For higher studies in India:
1. Students of Indian nationality (whether minor or major)
2. Parents can also apply jointly with the student and facilitate repayment through existing sources of income

Courses applicable:
1. Graduate and post-graduate degree/diploma courses in computer science, engineering, medicine, dental science, pharmacy, agricultural and veterinary sciences
2. Post-graduate courses in arts, general science, commerce, and management (from recognized colleges and universities)
3. Post graduate diploma in computer application from reputed institutes such as NIIT, APTECH, BITECH, SSI etc.

For studies abroad:
1. Indian National over 18 years of age
2. The applicant should produce a copy of the Result of Qualifying/ Mandatory examination such as TOEFL, SAT, GRE, AGRE, GMAT etc. together with a copy of valid passport, proof of Admission to the college or university and a copy of the Visa / Form I-20

Courses applicable (for courses abroad)

1. Under-graduate courses in biological & natural sciences, computer sciences, engineering
2. Post-graduate courses in the above disciplines and business administration (Applicants should submit a brief report on the prospects of the course.)

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