Dhanlaxmi Bank Education Loan

Dhanlaxmi Bank Education Loan offers 9% interest, a free EMI calculator, and flexible options in Kerala and beyond. Apply online without hassle.

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Here is a list of documents that you need to submit with Dhanlaxmi bank to take an educational loan: Application form Education loan application form filled through Subraxo Website with 2 passport size photos Bank KYC details of the applicant and co-applicant/ guarantor PAN Card or Passport of the student (if going abroad) as proof of identity Permanent or Current address proof – Aadhar card/ Passport/ Electricity Bill/ Ration card/ Bank account statement/ Telephone Bill/ Voter ID Card If the co-applicant is salaried, then personal or salary bank account details of the last 6 months are required and it should also show salary crediting. If the co-applicant is self-employed they need to show 1 year business transactions. Personal asset and liability statement verified by bank professional Applicant academic documents Confirmation of admission in the course Scorecard of the qualifying competitive examination School marksheets and certificate of class 10th and 12th along with degree certificates University’s fee structure given at the time of admission Co-applicant’s Income documents If Salaried Past 2 year’s Form 16 Identity card of the company Last 3 months salary slip Recent Income Tax Return of past 2 years If Self-earning Business’s address proof Profit & Loss account through last 3 years balance sheet Income Tax Return of last 3 years Other Documents An affidavit with the student and co-applicant in bank’s standard format. A declaration from co-applicant’s side stating that any other expense not covered in the loan will be borne by them Additional docs (if applicable) Account statement of previous loans running from last 1 year Receipts or pr

Dhanlaxmi bank allows students to repay their education loan within a repayment period of 15 years starting immediately after the moratorium period. If a student has taken an abroad education loan from Dhanlaxmi bank of amount Rs 75 lacs for 15 years of duration at an 11% rate of interest. Their repayment schedule as per the Subraxo education loan EMI calculator will be as follows: Repayment Cycle EMI Interest portion Principal portion Loan Outstanding Start of loan EMI 96966 78203 18763 8512487 End of year 1 96966 76222 20744 8294391 End of Year 2 96966 73822 23144 8030122 End of Year 3 96966 71143 25823 7735273 End of Year 4 96966 68155 28811 7406305 End of Year 5 96966 64821 32145 7039268 End of Year 6 96966 61102 35864 6629758 End of Year 7 96966 56951 40015 6172861 End of Year 8 96966 52321 44645 5663092 End of Year 9 96966 47155 49811 5094332 End of Year 10 96966 41391 55575 4459757 End of Year 11 96966 34959 62006 3751749 End of Year 12 96966 27784 69182 2961812 End of Year 13 96966 19778 77187 2080464

To apply for an education loan from Dhanlaxmi bank follow the below given instructions Step 1 Request a callback or fill the common application form to start your loan application. Step 2 Give details about your loan profile to your financial officer, who will call you back Step 3 Choose from the lender options suggested by your financial officer as per your eligibility Step 4 As per the documents checklist, upload your documents on Subraxo documents portal. Step 5 Collect your loan sanction letter from the bank within 7 days after you submitted your documents. This is the most convenient and hassle free method to apply and get your education loan sanctioned so quickly. Because if your will approach the bank directly to get your loan sanctioned you will face the following issues: Delay in processing Incomplete documents checklist Insufficient information about loan products Post sanction disbursement issues Improper customer support No negotiation support We your process your education loan with Subraxo, you will not only avoid the above listed issues, you will also enjoy the following benefits: Expert guidance - Our trained financial officer will analyze your loan profile and suggest you the best loan deals as per your eligibility, and guide you throughout your loan sanction process. Consistent availability - We are available at your service from 9 AM to 9 PM, from the start of your loan process to the repayment of your last EMI, even when you are in a 12 hour different time zone. Minimal Processing time - We provide the quickest loan sanctioning services, through us education loan from private bank & NBFCs is sanctioned within 2-6 days and from government bank it takes only 15-20 days to g