About Dena Bank Car Loan Bhubaneswar
Dena Bank is one of the trusted commercial banks which has its headquarters based out at Mumbai. The Government of India nationalizes this bank in 1969 in addition to 13 other major banks. Dena Bank has set up its presence in Bhubaneswar through some of its branches. The staff of Bhubaneswar is skilled enough to leverage the bank to higher levels by engaging themselves with full capacity. The bank provides a number of banking services such as Deposits, Loans, Investment Services, Small and Medium Enterprises. Apart from regular loan products, a car loan is one such loan which is widely considered by people of Bhubaneswar and outside cities as well.
Dena Bank understands the intensity of what it feels like to own a car. It might be easy to choose the right make and model of the car that you wish to purchase, but it takes a little research work in finding out the right car financing plans which can support your dreams of funding the car. There are personal sources that a car loan applicant might select, but mostly consider for more comprehensive car financing plans from different financial institutions. There are various deals on car loans available in the market these days, but selecting your best car loan in India needs a great deal of consideration. As per the benefits provided on a car loan by Dena Bank, the borrowers look for a comprehensive finance solution with a flexible tenure, attractive car loan interest rates, and different alternatives to make the monthly car loan payments. The Dena Bank car loans are widely accessible to finance any make and model of cars. The car loans offered by Dena Bank are available upto ₹ 200 lakhs for the new cars as against upto ₹ 50 lakhs for buying a two wheeler vehicle. The loan margin requirement stands upto 10% for a corporate salary arrangement, 15% for a new car and 20% for a second-handed car not exceeding 3 years. There are no prepayment charges applicable for early closure on this loan but the hypothecation of the purchased car is subject to the security for obtaining the Dena Bank car loan.
Dena Bank Car Loan Bhubaneswar at a glance
|Interest Rate||7% onwards|
|Loan Amount||Upto ₹ 200 lakhs for purchase of a new car.|
|Tenure||Maximum upto 7 years for new vehicle.|
2nd hand four-wheeler(upto 3 year old)-Maximum upto3 years
|Processing Fee||₹ 500 irrespective of loan amount (Plus service tax as applicable from time to time)|
- 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.
- 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
To know more, visit Car Loan Bhubaneswar
Address of Dena Bank Branches in Bhubaneswar
|Branch Name||Complete Address||IFSC||MICR||Contact Number|
|Bhubaneswar Khurda||78, Janapath, Kharvela Nagar, Bhubaneswar, Orissa - 751001||BKDN0910759||751018002||0788-2224931/2223579|
|Patia||Denabank, Patia Branch, Plot No.516/1676, Khata No.-489/45, Patia, Bhubaneswar-751024||BKDN0911729||NON-MICR||0788-8895209581|