Dena Bank Car Loan in Bengaluru

Last Updated : March 18, 2017, 5:35 p.m.

About Dena Bank Car Loan Bengaluru

Dena Bank was founded by Devkaran Nanjee and his family on 26th May 1938 under the name Devkaran Nanjee Banking Company. In July 1969 the bank became nationalized by the Government of India, in addition to 13 other major banks. It is now a Public Sector Bank constituted under the Banking Companies(Acquisition & Transfer of Undertakings) Act, 1970.

Dena Bank marks its presence with respect to branches in the heart of Silicon Valley of India i.e. Bengaluru. The bank provides a host of innovative products and services such as Personal Baking Services involving Deposit, Loan and Investment Services, Priority and Small & Medium Enterprises (SME) services, International Baking Services, Corporate Banking Services and a host of other Value Added Services. Among the loan products, a car loan is a type of loan offered to the borrowers in a most convenient, quick and cost-effective way to own their dream car.

The interest rates provided to them would be subject to Dena bank’s stipulated criteria and changes are subject to be made from time-to-time. The bank normally takes into account various things when it comes to checking the credit history of a customer. For those customers who have a good track record of settling their debts in time are more likely to get a reasonable interest rate on their loan. Moreover, Dena Bank’s auto financing scheme is rated as one of the top-most financing products which are widely available to car owners in India. The bank takes into consideration every minute detail of individual needs so that customers pay attention to enjoying every personalized service given by bank officials which guide them throughout their loan sanctioning procedure. The method of disbursing loan is made through an authorized dealer. The interest rates are available for new four-wheelers regardless of the make and model selected by the customer. Dena Bank officials are responsible enough to support you in making the right decision on how repayment should be made on the car loan. The detailed forecast on your car loan repayment will assist you in suitably plan-out investing in the car of your own choice.

Dena Bank Car Loan Bengaluru at a glance

Eligibility Criteria

• Salaried Individuals, proprietary firm, partnership firms and companies are eligible to apply for the car loan.
• The minimum income for salaried individuals/proprietary firm is ₹ 2.50 lakhs per annum.
• The minimum income for partnership firm/company is ₹ 3 lakhs per annum.

Documents Required

• Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible)
• Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy PAN Card.
• Proof of Income: Latest salary slip with form 16 / Audited balance sheet, Profit & Loss Account for latest two years/ Have a minimum turnover of ₹ 4,50,000 per annum / Audited balance sheet, Profit & Loss Account for latest two years and the latest 2 years IT returns of the company / Latest ITR
• Bank Statement: Last 6 months

For knowing additional details, visit Car Loan Bengaluru

Address of Dena Bank Branches in Bengaluru