Dena bank personal loan – Details on Interest rates, Eligibility, Per month EMI, Processing Fees, Charges of Dena bank at Deal4loans. Do you require a sizeable amount to fund a marriage, family function, vacation, an emergency situation or medical treatment of a near and dear one? Has your son secured admission to a prestigious institute and you do not have enough funds at your disposal?
With effect from 1st April 2019, erstwhile Dena Bank has been amalgamated with Bank of Baroda.
You need not worry as Dena Bank’s personal loan facility – Dena Suvidha – is the ideal choice to meet your financial requirements.
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Dena Bank Personal Loan Interest Rates 2020
The interest rates offered by Dena Bank on personal loans are as follows:
|Corporate Salary Scheme||13.40% – 16.40%|
|Other Personal Loan||11.40% – 14.40%|
|Senior Citizen / Pensioners Personal Loan||8.40% – 10.40%|
How much personal loan can I get from Dena Bank?
You can avail a minimum personal loan of Rs 15,000. Your personal loan may go up to Rs 1 lakh or nine times your net monthly income, whichever is lower.
Features and Benefits
✓ Repayment tenure of up to three years (36 months)
✓ No margin
✓ You can avail a loan of up to nine times of your net monthly income
✓ No prepayment fee
✓ 1% processing fee
Eligibility for Dena Bank Personal Loan
The eligibility criteria for Dena Bank personal loan include the following:
✓ You should be between 24 and 55 years of age and should be a permanent employee with a minimum experience of two years in a government department, public sector undertaking or a reputed company.
✓ Your gross monthly income should be at least Rs 15,000. If your salary is lower than the limit fixed by the bank, you can opt for a co-applicant and club his/her income to increase loan eligibility.
✓ You can either furnish an undertaking from your employer or can undergo a salary disbursement arrangement with the bank.