1.Pay admission and tuition fee| 2.Purchase books, study material, equipment and instruments| 3.Pay hostel fees and boarding charges| 4.For studies abroad, fund expenses of air travel, incidental charges, purchase of outfits (clothing & other equipment)| 5.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| 6.Purchase computers needed for the course.| 7.Insurance premium for student borrower| 8.Any other expense in relation to the course - study tours, project work, thesis etc.

Rate of Interest

  • 1.1.With interest subsidy: Base rate + 2 percent, which comes up to 13.50 percent
  • 2. 2.Without interest subsidy: Base rate + 3.75 percent, which comes up to 15.25 percent

Eligibility for Educational Loan


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


About the Bank


Dhanlaxmi Bank Ltd (BSE: 532180, NSE: DHANBANK) is an old private sector bank headquartered in Thrissur City, Kerala, India.


FAQ Loan


1.Are there any late EMI charges applicable on Dhanlaxmi Bank education loans?

Yes. In case, the student delays to pay the monthly instalment, 24 percent would be charged on the outstanding amount.

2.What are the processing charges?

The processing charges for Dhanlaxmi Bank education loan is nil.

3.What documents are to be produced while applying for Dhanlaxmi Bank education loan?

The student must produce photocopies of all education certificates, starting from SSC till the latest educational qualification.