Dhanalakshmi Bank Education Loan

Feb 17, 2011, 16:39 IST

Find out Dhanalakshmi Bank Education Loan, Interest rate 2011, payment options, eligibility, form details, subsidy, term and conditions, scheme and other details.

Eligibility:

  • Age above 23 years
  • Minimum net monthly income - Rs 20,000/-
  • Permanent employment with a central or state government institution or a profit making company or a reputed organization
  • Total work experience 2 years and above.

Benifits:

  • Loans are tenable in a wide range i.e. 50 thousand and 15 lacs
  • Easy and simple documentation
  • Flexible repayment options which can stretch between 12 and 60 months.

Fees & Charges:

  • Loans are tenable in a wide range i.e. 50 thousand and 15 Lacs
  • Loan processing charges : Upto 2.5% of the loan amount subject to a minimum of Rs .1250/-
  • Prepayment:6 EMIs
  • Prepayment charges : 4% of the principal outstanding after repayment of 6 EMIs
  • No Due Certificate / No Objection Certificate (NOC) : Rs. 250/-
  • Duplicate no due certificate / NOC:Rs. 250/-
  • Solvency certificate : Not applicable
  • Charges for late payment of EMI:@ 24 % p.a on amount outstanding from date of default
  • Stamp duty & other statutory charges : As per applicable laws of the state
  • Credit assessment charges : Not applicable
  • Non standard repayment charges : Not applicable
  • Cheque swapping charges : Rs 500/- per event
  • Loan cancellation charges : Not applicable
  • Cheque bounce charges : Rs. 500/- Per cheque
  • Legal /Incidental charges : At actual
  • Part payment.

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