Development Credit Bank Limited Education Loan

PURPOSE 

Personal Loans for any declared legal use which may include;

- Purchase of assets & consumer durable

- Home Improvement

- Tax saving investments

- Higher Education

- Holidays’ Travel

- Emergency Medical Needs

- Investment in Primary/secondary market

- Loan takeover from other financiers/balance transfer for cards
LOAN TYPE 

Amortizing Term Loans: Equal installments

AMOUNT
Min/Max Amount per Borrower
a) Salaried Individuals
Rs. 25,000- Rs. 1,000,000 (Cat A Companies)
Rs. 25,000- Rs. 500,000 ( Cat B Companies)
Rs. 25,000- Rs. 200,000 ( Cat C Companies)
b) Self Employed Business - Rs. 25,000- Rs.500,000
c) Self Employed Professionals
Rs. 25,000- Rs.1,000,000 (Doctors/Dentists)
Rs. 25,000- Rs. 5,00,000 (Other Professionals)
c) Loyalty - Rs. 25,000- Rs.300,000
d) Balance Transfer Program (Credit cards) - Rs.25,000- Rs.200,000
e) Surrogate Programs - Rs. 25,000- Rs. 500,000

Tenor 

Term Loans : 1 year to 5 years
Interest Rate 

Fixed
Applicant Categories 

- Salaried Individuals

- Self Employed Professional Individuals

- Self Employed Business Individuals
CO- BORROWER REQUIREMENTS

( applicable for salaried borrowers under verified income program where income requirement is not met on individual basis) 

Eligibility : Salaried Applicants
Relationship : Spouse only
Employer : All Public Ltd. Cos, MNCs, Govt. organizations, schools, College, Hospitals, Approved Employers
Age: 21 to 58 yrs (Max at loan maturity
Income: Min. Rs 60,000 (verification as per product norms)

MODE OF REPAYMENT 

- Post Dated cheques (PDCs) for installment repayments

- Standing Instructions (SI), if customer has an account with DCB

-ECS   

 For more Details  :       www.dcbl.com