Dena Bank Personal Loan: Interest Rates, Eligibility, How to Apply

Dena Bank Personal Loan: Dena Bank can give you personal loan up to 3 lakh, loan is given up to 9 times your net monthly income. Pensioners can also avail loans. Loans can be availed for a repayment tenure of up to 36 months. No guarantor is required. You can get a loan with less paperwork.

Benefits of taking loan from Dena Bank

  • minimum interest rate
  • no guarantor needed
  • minimal paperwork
  • long repayment period
  • Minimum income requirement

Documents Required for Dena Bank Personal Loan

Important documents to be submitted while applying for personal loan with Dena Bank:-

  • Well filled application form
  • 3 passport size photographs
  • Identity Proof (Photocopies of Voter ID Card / Passport / Driving License / PAN Card)
  • Residence proof (photo copy of recent telephone bill / electricity bill)
  • Bank account/passbook details for the last six months
  • Form 16/IT Return for the last two financial years for salaried employees
  • IT returns for three years for self-employed professionals

Dena Bank Personal Loan Details

Catering to the needs of different sections of people, Dena Bank Personal Loan is the best option to meet your needs. You can choose the best personal loan based on your requirement.

eligibility criteria Salaried / Self Employed pensioners
Age Between 21 to 60 years State and Central Government pensioners
loan repayment period up to 36 months up to 36 months
loan amount Up to 9 times of monthly income up to 3 lakhs
Rate of interest Starting at 12% up to 11.50%

Features of Dena Bank Personal Loan

Purpose: Dena Bank Personal Loan can be availed for meeting self or any family member’s needs like medical treatment, marriage, travel expenses, education and home repairs.

No Grantor Required: Since the personal loan is an unsecured loan, you do not need to pledge anything or property to get a Dena Bank personal loan.

Loan Amount: You can get a loan up to 9 times your monthly income. 3 lacs for age up to 73 years or 12 months pension amount up to 80 years of age 1.5 lacs or 6 months pension

Repayment Period: Up to 36 months

Processing Fee : 1% of the loan amount

Convenient Loan: You can apply online or visit the nearest Dena Bank branches.

Eligibility Criteria: You must be a permanent employee between 24 to 55 years of age, having worked for at least 2 years. Your monthly income should be at least Rs 15,000.

Prepayment Fee: No prepayment fee is levied.

Processing Fee : Nil

Dena Bank EMI Payment Methods

Dena Bank Personal Loan can be repaid in the following three ways:-

Standing Instruction (SI): If you are an existing Dena Bank account holder, then standing instruction is the best mode of repayment. Your EMI amount will be automatically debited at the end of the monthly cycle from the Dena Bank account specified by you.

Electronic Clearing Service (ECS): This mode can be used if you have a non-Dena Bank account and you want your EMI to be automatically debited from this account at the end of the monthly cycle.

Post-dated Check (PDC): You can deposit a post-dated EMI check from a non-Dena Bank account at your nearest Dena Bank center. A fresh set of PDCs will have to be submitted in a time bound manner. Please note that post dated checks will be collected only at non-ECS locations.

It is recommended that you opt for SI or ECS mode of payment for faster and less error probability as compared to the use of PDC.

What is the processing fee for taking loan from Dena Bank?

The processing fee for Dena Bank Personal Loan is 1% of the loan amount. The processing fee has to be paid first. There is no processing fee for the pensioner scheme.

How can I apply for Dena Bank Personal Loan?

You can either apply online or visit the nearest Dena Bank centre.

Will there be any charge for prepayment for Dena Bank personal loan?

There are no prepayment charges on Dena Bank personal loan.

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