About Dena Bank Personal Loan

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.

Personal Loan Eligibility Criteria for Salaried / Self-Employed

If you’re applying for Dena Suvidha Personal Loan, you would be eligible only if you are a permanent employee of a reputed organization, a PSU or a government organisation since the last two years and are in the age bracket of 24 to 55 years. Your gross monthly salary should be at least INR 15,000. The eligibility criteria for other personal loan products offered by Dena Bank might be slightly different. You can learn more about them below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income (Doctors/ Chartered Accountants)

4k – 65k

Minimum Income (Company Secretary / Architect)

4k – 65k

Minimum Income Self Employed (Businessman)

Dena Bank Personal Loan Features / Details

Dena Bank Suvidha Personal Loan comes with certain exclusive features like highly competitive interest rates, easy documentation, customer-centric approach, doorstep service, balance transfer option at reasonable rates, option of guarantor / collateral(s) / securities, flexible tenure (1 year to 3 years), hassle-free foreclosure and reasonable processing fee. Following are the exact Dena Bank personal loan features you should be aware of.

18.25%

Interest Rate (Min)

Upto XX Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

Dena Bank Personal Loan Fees / Charges

One of the important benefits of availing a Dena Bank personal loan is that you won’t be charged any hefty fees or charges. There are no prepayment charges involved. You can easily prepay your loan, without being penalised for it, if you have the availability of surplus funds. The processing fee is also very reasonable at 1% of the loan amount. You can go through the exact Dena Bank personal loan fees/charges below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees