Dena Bank Business Loan

Business Loan

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    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 Rate8.85% - 16.40%
    Loan AmountUp to ₹5 crores
    TenureUp to 10 years
    Processing Fee0.50% 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 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.

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    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

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 50,00,0009.55%1₹ 4,38,534₹ 2,62,404₹ 52,62,404
    ₹ 50,00,0009.55%2₹ 2,29,688₹ 5,12,501₹ 55,12,501
    ₹ 50,00,0009.55%3₹ 1,60,282₹ 7,70,139₹ 57,70,139
    ₹ 50,00,0009.55%4₹ 1,25,735₹ 10,35,285₹ 60,35,285
    ₹ 50,00,0009.55%5₹ 1,05,132₹ 13,07,891₹ 63,07,891
    ₹ 50,00,0009.55%6₹ 91,499₹ 15,87,898₹ 65,87,898
    ₹ 50,00,0009.55%7₹ 81,848₹ 18,75,231₹ 68,75,231
    ₹ 50,00,0009.55%8₹ 74,685₹ 21,69,807₹ 71,69,807
    ₹ 50,00,0009.55%9₹ 69,181₹ 24,71,529₹ 74,71,529
    ₹ 50,00,0009.55%10₹ 64,836₹ 27,80,288₹ 77,80,288

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

    YearPrincipalInterestBalance 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

    SchemeEligibilityQuantum of Loan (in ₹)Tenure
    Dena Trade Finance SchemeA commodity trader, stockist or dealer registered under sales taxMinimum – ₹2.50 lacsMaximum- 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 firmsMaximum - ₹2 croresMaximum - 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 SchemesWhole time practising Chartered Accountants, Company Secretary and Chartered Financial Analyst, not employed elsewhere and are income tax assessee for last two yearsMinimum- ₹2 LacsMaximum – 10 years
    Maximum – ₹1 crore 
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    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 DocumentsFinancial Documents
    Valid PassportIncome Tax Returns receipts of the last two years
    Voter's Identity CardLatest 6 months bank statements
    Valid Driving LicenceBanking and Loan payment history
    Aadhaar Letter/CardProfit & Loss Statements of the last two years
    NREGA CardLatest 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
    • Business Vintage
    • 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.

    Personal Loan Interest Rates November 2018
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank11.25% - 21.50%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank12.00% - 17.00%
    Tata Capital10.99% - 18.00%
    Home Loan Interest Rates November 2018
    State Bank of India/SBI8.70% - 9.25%
    HDFC8.80% - 9.70%
    Bank of Baroda8.65% - 9.65%
    LIC Housing8.70% - 9.05%
    PNB Housing Finance9.00% - 13.00%
    ICICI Bank9.00% - 9.25%
    Axis Bank8.80% - 9.05%
    Citibank9.00% - 9.85%
    Indiabulls Housing Finance Limited8.80% - 11.05%
    Kotak Bank8.90% - 8.75%
    DHFL9.05% - 9.95%
    Reliance Home Finance8.75% - 14.00%