Considered one of the oldest banks in India and headquartered in Mumbai, Dena Bank was founded in the year 1938 by the family of a person known as Devkaran Nanjee. At the time of inception, its name was Devkaran Nanjee Banking Company Ltd. It went public in December 1939, after which its name was changed to Dena Bank. As per the last recorded statistics, Dena Bank had more than 1400 branches and a total asset base of INR 6116.3 crore. It offers various loan products to interested people including personal loans, home loans, gold loan, senior citizen pensioners’ loan and more, with low processing fee and minimum documentation.
Its personal loan product is referred to as Dena Suvidha which can be used for any immediate monetary requirement including wedding, foreign travel, medical emergencies, children’s education etc. Apart from Dena Suvidha, Dena Bank also offers a handful of other personal loan products that are targeted at specific consumer groups. For instance, Dena Doctor is meant for medical practitioners, while Dena Trade Finance is targeted at traders, stockists and dealers. Then there is Dena Professionals Loan Scheme for CFAs, CSs and CAs, Dena Senior Citizen Pensioners’ Loan Scheme, Dena Consumer Durable Loan and Dena Rent Finance.