Development Credit Bank Education Loan: Application, Eligibility, Interest Rate, Documents & Much More.

DCB Education Loan
DCB Education Loan

Application Form 2020

The Development Credit Bank is a private sector commercial Bank in India. The bank was founded in 1930, It has a good base of NRI customers from many centuries across the world. Development credit bank offers many products like Consumer banking, Agriculture & Inclusive Banking Corporate banking, Finance and Insurance distribution, Mortgage loans, Private banking, Wealth management etc. This post will let you know about DCB Education Loan. If you want Educational Loan to complete your education or pursue higher studies from India/Abroad, You are at the right place to collect every aspect of information related to Educational Loan in India.

DCB Bank Logo

Read this full post on DCB Education Loan for information Like Eligibility, How to apply, Interest Rates, Documents Needed, Different aspects of Educational Loan, Interest Rates, Return Policy, General Instructions etc. Throughout the article, we will share information regarding DCB Educational Loan it’s Process to Apply and full detailed Information.

DCB Education Loan

The major aim of the bank is to ensure anywhere and any time banking for the customer with the latest state-of-the-art technology. The Bank is very serious about its Education Loan Facility and by developing an effective customer-centric relationship it promises to emerge as a world-class education Loan provider. Before we share further, let us first have a brief review of the Bank.

Brief Review

Profile Description
Name of Bank  Development Credit Bank
Founded on 1930
Headquarter Mumbai
Type of Bank  Commercial Bank
Number of Employees 4979
CEO Name Murali M. Natrajan
Maximum Loan Amount  Rs. 15 Lakhs
Timeline for Loan Disposal Maximum 15 Working days
Annual Revenue Δ ₹2,076.15 crore (2017)
Processing Fees No Processing Fee will be charged
Other Subsidiaries
  • DCB Bank Limited, Asset Management Arm
Category  Education Loan in India

Types of DCB Student Loan Scheme Description
1. DCB Education loan This Scheme is for students who have secured admission to recognized courses/universities in India or Abroad through entrance test/selection process Course. The loan amount can vary from Rs.25000 to Rs. 15 Lakhs

How to Apply


  • Visit official Web Site of Development Credit Bank (Click Here)
  • Find the Educational Loan Section Apply Now Button
  • Fill online Application Form


  • Visit the nearest branch of Allahabad Bank to get offline Education Loan form.
  • You may also download the form from official web handle.
  • Submit the Application Form to Nearest Branch along with document needed.

Documents Needed

  • Residence Proof.
  • Proof of Identity (Applicant and co-borrower).
  • Academic Records: 10th Result, 12th Result, Graduation result-semester Wise (if Possible) Entrance Exam Result through which admission is being taken.
  • Proof of admission: Offer Letter or Admission Letter from the Institution.
  • Schedule of expenses for the course.
  • Copies of foreign exchange permit, if applicable.
  • Passport size photographs.


  • The Applicant should be an Indian National.
  • Applicant must have secured admission in a recognized courses /universities in India or Abroad Through Entrance test process.

Expenses Considered

  • Tuition and course fee
  • Examination, library and laboratory fees
  • Caution deposit
  • Cost of books, Uniforms, Equipment and other instruments.
  • Travel Expenses, Any other Expense

Return Policy

  • In the case of DCB Education loan, repayment will start Maximum 5 years after commencement of repayment for studies in India and 3 years for studies abroad
  • Moratorium period shall not exceed from course duration + 6 months.
  • Repayment up to Maximum of 15 years

EMI Calculator

EMI Calculator is used for calculating the periodic payment amount due on a loan. For calculating EMI one must input data like Amount, Interest Rate, tenure, Processing Fee etc.

  • If you want to calculate EMI for DCB Educational Loan: Click Here


  •  Up to Rs. 4 Lakhs.
    • Collateral Required.
    • No security.
  •  Above Rs. 4 lakhs and up to Rs. 7.50 Lakhs.
    • Collateral in the form of a satisfactory third party guarantee.
  • Above Rs. 7.5 Lakh.
    • Collateral security up to 100% of the loan amount and guarantee of an earning acquaintance of the student for 100% of the loan amount.

Contact Details

Head office  Ground floor, Hansalaya Building, 15, Barakhamba Road, Connaught Place,
Official website
Apply for Loan  Click Here
Contact Number 011-2335 0077

DCB Student Loan FAQs

We hope that the information furnished above will guide you to get the best educational loan for your studies. In case of any doubt regarding the loan procedure and other related terms, read our FAQ’s session.

Q1. Who can be my co-borrowers?

Ans. Your parents/guardian can be a co-borrower as well as the spouse in case of a married applicant. The co-borrower should have a steady source of income and a good credit history in order to improve the applicant’s chances of a successful loan application.

Q2. How long does it take to process Education Loan?

Ans. Generally, the time taken for the education loan to process is somewhat between 7-10 working days. Often, the whole process can be easily completed within 3 to 5  Working days, once the student fulfils all documentation.

Q3. What all expenses will be covered by education loans?

Ans. Apart from the tuition fees, other aspects of expenses such as hostel charges, equipment purchases and other course-related expenses may also be covered by the education loan.

Q4. What are the courses for which an education loan can be availed?

Ans. An education loan can be availed for all courses recognized by the UGC in case of India and all regular courses abroad. Each lender has its own list of educational institutions and courses that they would provide a loan for whether overseas or within India.

Q5. Can a student avail another loan for further studies?

Ans. Yes, this is possible. You can borrow a loan for a bachelor’s degree followed by one for master’s without repaying the first loan. This loan can be taken as a top-up loan against the already existing loan; however, it is subject to the lending bank’s discretion and the internal rules and regulations of the lender.

Q6. Do education loans have any Income Tax benefits?

Ans. Loan borrowers can avail tax benefits on interest paid on education loan under Sec 80E of the Income Tax Act. This benefit is available over and above the Rs. 150,000 deduction allowed under Section 80C. Tax benefits can be availed once the borrower starts paying the interest on the education loan. Further, the deduction is available until the borrower pays off the full interest amount on the loan or for a maximum period of 8 years, whichever is earlier.

Q7. Why do banks require an insurance policy?

Ans. Banks usually prefer that students avail a life insurance policy equivalent to, or more than, the loan amount. The policy acts as a security feature and forms a part of the collateral. In case of the untimely demise of the borrower, the bank recovers the outstanding loan amount from the student’s life insurance policy and the remaining amount, if any, is paid out to the beneficiary of the policy.

Q8. Is any incentive available for a girl student applying for education loan?

Ans. Banks generally provide a 0.5% concession on the applicable education loan interest rate to girl students pursuing higher education in India and abroad.

Q9. Are there any special privileges for students of SC/ST category who avail education loans?

Ans. Yes, eligibility criteria and loan margins on education loan are relaxed for Scheduled Caste/Scheduled Tribe students availing education loans in India. The eligibility criteria are lowered from first/second class to pass class for SC/ST category students seeking education loan for graduate and postgraduate studies, while, margin money is sometimes lowered than the regular percentage or nil.

Q10. Where can I avail on DCB Education loan?
Ans. The loan is available from all branches in metro/urban areas as well as those having personal banking divisions.

Best of Luck..!!


Application Form 2020

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