Dena Bank was originally founded by Devkaran Nanjee in the year 1938. It was thus named as “Dena”. The government nationalized Dena Bank with 13 other banks in the year 1969. Currently, Dena Bank has over 1800+ branches in India providing best services to the consumers.
In this post, I’ll cover the details of how to take personal loan at Dena Bank, its eligibility, features, contact details, and many more.
Table of Contents
Loan Details
| Sl. No. | Category | Data |
|---|---|---|
| 1 | Loan amount-Maximum | Up to Rs 10 Lakhs |
| 2 | Loan amount-Minimum | Starting from Rs 50,000 |
| 3 | Age | 21 years and above |
| 4 | Interest rates | 10.5% |
| 5 | Tenure | Up to 5 years (60 months) |
| 6 | Processing charge | 1% |
| 7 | Lowest EMIs | Rs 2,150 per Lakhs |
| 8 | CIBL score | 750 or more |
Steps to apply for personal loan at Dena Bank
Step-1: Fill-up the loan application form at Dena Bank entering your true personal details
Step-2: After details, specific documents are asked to submit
Step-3: Submit the documents when asked by the bank employee
Step-4: After that, your application will be reviewed and verified and then your decision of approval or not will be notified
Dena Bank Loan Features
- No collateral or security required
- Attractive rate of interests: 10.5%
- Flexible period of loan tenure
- Less paperwork
- No guarantor is required
Dena Eligibility Criteria
The criteria of eligibility to apply for a personal loan at Dena is mentioned as:
- Applicant must be a salaried or self-employed individual
- Age: 21 years or above (maximum 60 years)
- Monthly income: Rs 15,000 or more
- Work experience: Minimum 2 years
Documents Required at Dena Bank
The types of documents needed varies based on how a person’s profession is. It is mentioned s below:
Dena Loan for Salaried
- Signed loan application
- Passport sized photographs
- Income slips
- Currently dated income certificate
- Identity proof (Passport/Driving license/Aadhar card)
- Residential proof (Voter ID/PAN card)
- Bank statements of previous 3 months
Dena Loan for Self-employed
- Signed loan application
- Passport sized photographs
- ITRs
- Identity proof (Passport/Driving license/Aadhar card)
- Residential proof (Voter ID/PAN card)
- Bank statements of previous 3 months and of current date
Comparison of Dena Bank with other banks
| Sl. No. | Bank Name | Loan amount | Interest rates |
|---|---|---|---|
| 1 | Axis | Up to 15 Lakhs | 10.25% onwards |
| 2 | BOI | Up to 10 Lakhs | 8.5-10.35% |
| 3 | HDFC | Up to 50 Lakhs | 10.2-18% |
| 4 | ICICI | Up to 40 Lakhs | 10.5-20% |
| 5 | Canara | Up to 3 Lakhs | 11.2-13.9% |
Check Status
You can instantly check the status of your Dena personal loan by clicking on the following button.
Contact Details
For digital banking procedure: 1800 233 6427
For non-digital banking procedure: 1800 225 740
Send message: Type “DENAHELP” and then send it on 56677
FAQs
1]. Can I repay my loan early?
Yes, you can repay it early but read the terms and conditions of the bank and then proceed.
2]. What relaxation is given by Dena to loan applicants due to pandemic covid-19?
A moratorium of 6 months is offered to applicants by Dena.
3]. How to calculate EMI for Dena bank personal loan?
You can use our EMI calculator to apply for Dena personal loan.
4]. How to close my personal loan at Dena?
You have to pay all your repayments and then collect your payment receipts with no dues for proofs and then visit bank for requesting closure.
5]. What can happen when I don’t pay or I am unable to pay bank EMIs?
Then the bank would charge you some penalty amount and you have to pay extra for that.
Related Posts:
