DCB Bank Education Loan

DCB Bank Education Loan comes with 9% interest, simple documents, and fast approval. Start your learning journey with an easy online process today.

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For any loan application with DCB, it is important that one has to provide all the relevant documents as required to help facilitate the process. The required documents are categorized into four main groups: identification, residential documents, age verification documents, and any other relevant financial documents. The valid proof of identity can be any photo identification, including a passport, voter ID, driving license, etc. Identity proof needs documents that support your identification such as a passport while proof of residence needs documents that support this including a passport. In other words, some documents can be produced to prove that a person is of a certain age or not, such as a birth certificate or PAN card. Parameter Details Basic documents for Applicant (student) and co-applicant and/or Guarantor Application form provided by the financial officer of Subraxo, duly completed with two pictures and a signature. A passport/ voter ID card/ electricity bill/ telephone bill/ ration card/ bank account statement and Aadhar are all acceptable forms of identification as proof of residency. If the applicant's permanent and current addresses are different, two different proofs are needed. Identity proof: PAN card and passport Personal Asset and Liability Statement in this format, as determined by the branch professional: The most recent six-month bank statement (personal/salary). The co-applicant's credits must be presented, and if the co-applicant is self-employed, one year's worth of company transactions must be documented. The documents must be self-attested Applicant academic documents Proof of admission/enrollment in the program (should be evidencing total dura

It is always important to consider details of loan repayment schedules so that one can manage the issues well. By analysing an example of the loan with certain characteristics you will be able to see in details how much of each of your future payments will go to the interest and how much to the principal. This amortization schedule gives a clear view on how the loan balance reduces as payment is made, showing the changes in the interest and principal components for the entire period of the loan repayment. Let's assume you apply for a loan of 28 Lakhs with an interest rate of 10% and a tenure of repayment equal to 12 years. The amortization schedule would look as follows. Timeline EMI Interest portion Principal portion Loan Outstanding End of 1st year 39527 26419 13108 3157157 End of 2nd year 39527 25046 14481 2991070 End of 3rd year 39527 23530 15997 2807592 End of 4th year 39527 21855 17672 2604902 End of 5th year 39527 20004 19523 2380988 End of 6th year 39527 17960 21567 2133626 End of 7th year 39527 15702 23826 1860363 End of 8th year 39527 13207 26320 1558485 End of 9th year 39527 10451 29077 1224997 End of 10th year 39527 7406 32121 856589 Subraxo is committed to providing users with comp

The DCB bank offers students both Offline and Online modes for education loans. The offline procedure is for those who still like the classical methods, so, to get a DCP, one has to visit a branch and provide the necessary documents for their non-automated check and further issuance of the loan. However, the online application process is more helpful since it breaks down the application process, starting from the common application form to the loan sanction letter. Know more about both the methods of application by reading more: