Dena Bank Personal Loan Details With Interest Rate

Live your Dreams

Dena Suvidha is the ideal way to fulfill personal needs of your family. Be it to finance a marriage or family function. To travel or celebrates a festival. For medical treatment or educational purposes. Or simply a vacation. Even an unforeseen event. Dena Suvidha (Personal) Loan is always there for all your needs.

You are eligible if:

You are a permanent employee between 24 to 55 years having worked for at least 2 years in a Govt. or PSU/ reputed organization.

You have a gross monthly income of at least Rs.15,000/-.

You can have a salary disbursement arrangement with us or provide an undertaking form your employer.

Loan Amount

Minimum- Rs. 15,000/-

Maximum:
9 times of NMI* ( repayable in 36 months) /
6 times of NMI* ( repayable in 24 months) /
3 times of NMI* ( repayable in 12 months) or Rs.1.00 lac whichever is less.**
*NMI means Net Monthly Income i.e. Gross Salary Deductions

Margin

NIL

Process Fees

1% of loan amount

Repayment

Upto 36 EMIs

Mode of disbursement

By credit to your Savings Bank account.

INTEREST CHARGED ON DAILY REDUCING BALANCE

NO PREPAYMENT CHARGES

Click Here for Application Form

Dena Personal Loan Interest rate calculator works on various inputs like:

• Loan Amount - Generally banks offer lower interest rates for higher amount. However Dena offers loan between Rs. 15,000 and 100,000.
• Salary - Higher salary bracket individuals are offered loans at lower interest rates. Dena interest rate varies with your net monthly income.
• Employer Category - Employer category of the borrower is a major deciding factor in order to determine his/her rate of interest. Dena has a list of company categories of salaried individuals to which they avail personal loan. So, higher company category leads to low rate of interest.
• Relationship with the Bank - Dena Bank offers special rates, offers and charges to the existing account holders of the bank. Those who have managed their accounts and made all the payments on time in past will get benefit of low Dena Bank personal loan interest rate.
• Loan Tenure - Dena Personal loans are of shorter tenure ranges from 12 months to 36 months and carry high rate of interest compared to longer term loans.
• Repayment Capacity - Before giving loan to the borrower, Dena Bank checks the repayment capacity of the borrower. Bank verifies the repayment capacity of the customer through CIBIL as it has all the details of previous loans taken and their repayments. CIBIL also gives the information of credit card bills payment.

Dena also offers loan to defence, armed forces and government employees. Dena Bank personal loan interest rate for government employee and defence personnel varies from private salaried employees

Eligibility of personal loan in Dena relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are

• Age: Age plays an important role to know your eligibility and repayment capacity. Dena offers personal loan to salaried individuals who are atleast 24 years old at the time of loan approval and maximum 55 years at the time of loan maturity.
• Income: personal Loan calculator calculates your eligibility based upon your income. Usually bank set minimum levels of income to apply for personal loan. Dena Bank asks for net monthly income of minimum Rs. 15,000.
• Job stability and Profession: Job stability is important to improve your status and eligibility for personal loan from Dena Bank. In case you are salaried, you must be in a full time job for at least 24 months of which not less 0 month must be with your current company. If you are working with a reputed company, probability of getting personal loan from Dena Bank increases as the income is considered to be more stable and bank offers low interest personal loan to the employees of reputed companies.
• CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your personal loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your personal loan eligibility.
• Loan Amount: Dena Bank gives you personal loan depending upon your income. Dena Bank gives you an amount ranging from Rs. 15,000 to Rs. 100,000. To improve chances of approval, apply for a loan amount that you can comfortably service.