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Development Credit Bank Limited (DCBL)

Development Credit Bank was established about 75 years ago and as a result of India's economic liberalization, Development Credit Bank was transformed into a private sector bank on 31st May 1995. It has a wide network of about 72 regional branches in states like Karnataka, New Delhi, Goa, Tamil Nadu, Haryana, West Bengal, Maharashtra, Gujarat, Andhra Pradesh, and in the two union territories of Dadra & Nagar Haveli and Daman & Diu.

The Development Credit Bank has about 18,000 ATM's spread all over the country. Till 31st March 2007, DCB's deposit was Rs.4415.20 crores and the advances were over Rs. 2658 crores.DCB is involved in social activities in the areas of health, education and economic development. The CEO and Managing Director of the DCB is Mr. Gautam Vir and he is supported by a board of directors to handle all the operations of the bank. The education loans provided by Development Credit Bank Limited are meant for meritorious students for pursuing higher studies. The maximum time required for the processing of the loan is one week.


A candidate will be eligible for availing the education loans provided by the Development Credit Bank limited, only if he can repay the loan within 6 months after the completion of courses.

Documents to be submitted:

For availing the facility of education loan provided by the Development Credit Bank, a candidate needs to provide certain documents. Previous academic records, income proof of guardian, proof of selection to the course, copy of ration card and details of admissible expenses needs to be submitted for the application of education loan.

Amount of Loan:

The amount of loan provided by Development Credit Bank vary with the types of courses to be pursued. However the amount that is lent by the bank can be broadly divided into two categories. The details are:

  • For studies within India - a maximum loan of Rs. 5 Lacs is provided for studies within India.
  • For studies abroad - a maximum loan of 75% of the course fees is provided for studies abroad.
Rate of Interest: For studies within India -
  • Upto Rs.200000 : 13.5%
  • Above Rs.200000 : 15.5%
For studies abroad -
  • Upto Rs.200000 : 13.5%
  • Above Rs.200000: 15.5 %
  • Collateral and Third Party Guarantee required
Repayment period:

The loan must be repaid within 3-5 years from the commencement of the repayment period, when studies within India are considered.

If you had taken the loans for studying abroad, it must be repaid within a period of 4 years from the commencement of repayment.The Development Credit Bank Limited is an upcoming bank in the private sector. The development figures of this bank are impressive. The eligibility criteria for application of loan are also not very stringent. Moreover there are no definite eligible courses mentioned for which the loan is applicable. So students will be in an advantageous position if they opt for the educational or student loans offered by the Development Credit Bank.
To Know More Information click : http://www.dcbl.com
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