Last Updated : May 28, 2021, 9:12 p.m.

To fund your diverse business needs of expansion, investment, renovation, up-gradation and purchase of assets take a business loan from Dena Bank. The bank provides a loan to the candidates requiring funds and assists them in accelerating the business. There are different loan schemes from which the candidate can choose as per his/her eligibility. The loan amount and tenure also vary according to the schemes. More details regarding the schemes, tenure, and rate of interest are given below.

## Dena Bank Business Loan Details

Particulars Details
Interest Rate 8.85% - 16.40%
Loan Amount Up to ₹5 crores
Tenure Up to 10 years
Processing Fee 0.50% of the loan amount

How To Apply:

The candidate willing to avail the loan from the bank can apply for the same by visiting the nearest bank branch on a working day.

### Dena Bank Business Loan EMI Calculator

One can calculate the total amount of interest to be paid on the loan using the Business Loan EMI Calculator . The calculator makes it easy for the user to determine the amount of Equated Monthly Installment (EMI) to be paid each month during the loan tenure. The EMI is computed using the principal value, loan tenure and rate of interest. It is the sum of principal amount and interest.

For Example – If a CA avails a loan of ₹50,00,000 for the period of 10 years at the interest rate of 9.55% p.a. then his EMI would be:

Table Showing EMI, Interest Outgo, and Total Repayment Amount

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Year Principal Interest Balance Amount
1 ₹ 3,14,038 ₹ 4,63,990 ₹ 46,85,961
2 ₹ 3,45,377 ₹ 4,32,651 ₹ 43,40,584
3 ₹ 3,79,843 ₹ 3,98,185 ₹ 39,60,740
4 ₹ 4,17,749 ₹ 3,60,279 ₹ 35,42,991
5 ₹ 4,59,437 ₹ 3,18,591 ₹ 30,83,553
6 ₹ 5,05,286 ₹ 2,72,742 ₹ 25,78,267
7 ₹ 5,55,710 ₹ 2,22,318 ₹ 20,22,556
8 ₹ 6,11,166 ₹ 1,66,862 ₹ 14,11,389
9 ₹ 6,72,156 ₹ 1,05,872 ₹ 7,39,233
10 ₹ 7,39,745 ₹ 38,796 ₹ 0

Business Loan Schemes, Eligibility, Quantum of Loan and Tenure

Scheme Eligibility Quantum of Loan (in ₹) Tenure
Dena Trade Finance Scheme A commodity trader, stockist or dealer registered under sales tax Minimum – ₹2.50 lacs Maximum- 5 years
The applicant should be a permanent resident of the city (If not permanent resident, property offered as collateral security is in his/her name and located at the same location) Maximum - ₹5 crores
Dena Doctor + Individuals/ partnership firms Maximum - ₹2 crores Maximum - 7 years
Promoters should be registered practitioners and possessing minimum qualification MBBS and BDS
Borrower should be registered with respective Council
The applicant should be over 25 years of age at the time of commencement of loan and not over 65 years at the time of loan maturity
Applicant should not be a defaulter of any Bank / Financial Institution
KYC norms to be applied while identifying borrowers
Nursing Home / Hospitals are not covered under this scheme
Dena Professional Loan Schemes Whole time practising Chartered Accountants, Company Secretary and Chartered Financial Analyst, not employed elsewhere and are income tax assessee for last two years Minimum- ₹2 Lacs Maximum – 10 years
Maximum – ₹1 crore

### Dena Bank Loan Application Form

To avail the benefit of a loan the candidate has to submit the duly filled application form along with the requisite documents. The form is available at the nearest bank branch. Collect the application form from the closest branch and submit it along with the required documents.

### Documents Required :

KYC Documents Financial Documents
Valid Passport Income Tax Returns receipts of the last two years
Voter's Identity Card Latest 6 months bank statements
Valid Driving Licence Banking and Loan payment history
Aadhaar Letter/Card Profit & Loss Statements of the last two years
NREGA Card Latest Balance Sheet
PAN Card
Passport Size Photographs

### Features and Benefits

• Different schemes for diverse needs
• Loans available against hypothecation of assets
• Availability of high quantum loan
• Flexible tenure and repayment schedule
• Reasonable rate of interest

### Factors Affecting Business Loan Eligibility

• Loan Repayment track
• Credit Performance / Credit Bureau Update
• Debt servicing ability of the customer
• Financial Ratios
• Existing relationship

### Dena Bank Customer Care

For all queries, complaints, suggestions and grievances contact the customer care executives. You can visit the nearest bank branch and speak to the customer dealer in person.