Dena Bank Chennai

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About Dena Bank

Dena Bank is one of the nationalized bank in India which got established in July 1969 along with 13 premier banks. It finds its major presence in Chennai, the capital city of Tamil Nadu which is one of the biggest cultural, economic and educational centres of South India. The bank offers value added services to its esteemed clients. Apart from ample of products, Dena Bank fosters itself in terms of providing better customer service to people of Chennai which also has promulgated to the city's rapid industrialization. Chennai, being the economic base of automobiles, software services, medical tourism, hardware manufacturing and financial services uses the bank's services for the fast disbursal of loans and easy settlement of payments procedure. The integration of technology with banking sector has created ripples to extend exemplary services in the fields like Treasury Operations, Corporate/Wholesale Banking, Retail Banking and Other Banking Operation which in turn ranked the city, third highest in India in terms of GDP. Even the builders, educational institutes, hospitals, hotels and entertainment industry has a reason to rejoice as special schemes of Dena Bank have covered them for their needs. The special needs are related to the expansion of their segment in services or establishment of their unit.


Branch Addresses of Dena Bank in Chennai

Branch NameComplete AddressIFSCMICRContact Number
George TownKadel Chambers, 340, Mint Street, Chennai - 600001BKDN0620063600018004044-25388814/ 25396693
Mount RDSatya Complex, 1/1 G.P.RD1st Floor, (Mount Road)Chennai, Tamil Nadu600002BKDN0620137600018004044-28601285
Hamilton Bridge6 - A, Edward Elliot Rd., Hamilton Bridge, Chennai, Tamilnadu - 600004 BKDN0620511600018010044-28131080/28132403
T.NagarOpp.Power House, No. 1, T.C.Rd., T.Nagar, Chennai, Tamilnadu - 600017BKDN0620512600018005044-24332656-57
Tondiarpet637, T.H.Road, Tondiarpet, Chennai - 600081BKDN0620525600018009044-25971247/25951370
NungambakkamHotel Ganpat Bldg., 103, M.G. Road, Nungambakkam, Chennai, Tamilnadu BKDN0620619600018011044-22825814/28275604
Amminjikarai703, Poonamalle High Road, Amminjikarai, ChennaiBKDN0620678600018008044-26449605/26454980
Sembudoss Street80/81, Broadway, Chennai - 600108BKDN0620683600018003044-25262609/25227207;
AlwarpetApthagiri Apt., 83, Mowbrays Rd., Chennai, Tamilnadu - 600018BKDN0620863600018007044-24982575/24994279
Purasawalkam1, Raja Annamalai Road, 1st Floor, Purasawalkam, Madras - 600084BKDN06210306000180120424-2222030/2214390
Retail Asset Branch, ChennaiRetail Asset Br, 83, T.T.K Road, Alwarpet, ChennaiBKDN0621235600018016044 - 24994279
Corporate Business BranchFirst Floor, Beta Wing, Raheja Towers, 177, Anna Salai, Chennai - 600002BKDN0621238NON-MICR044-28603120
Redhills Chennai121/4, Nehru Street, Mondi Amman Nagar, Redhills, Chennai, Tamil Nadu - 600052BKDN0621277600018019022-26323457

Products Offered by Dena Bank in Chennai

ProductEligibilityLoan Amount Interest RateProcessing FeeTenure
Home Loan(1) Need to be a major individual, resident or non-resident, having a regular source of income
(2) Your age at the time of loan maturity is less than the retirement age if you are a salaried employee and below 65 years, if you have a business

(3) The total deductions do not exceed 60% of your gross income, including the loan installment of the proposed loan
Up to Rs.200 lakhs for the purchase/construction of a house.
Up to Rs.10 lakhs for renovation/upgradation.
8.30% - 8.40%0.50% of the sanctioned limitUpto 30 years for the purchase of a new flat/house/contruction/extension
Upto 10 years for the repairs, renovation and upgradation
Personal Loan 1. Need to be a permanent employee between 24 to 55 years and have a work experience for atleast 2 years in a Govt. Or PSU/reputed organization

2. Need to have a gross monthly income of atleast ₹15,000/-

(3) Need to have a salary disbursement arrangement with Dena Bank or provide an undertaking from your employer
Minimum : ₹ 15,000/-

Maximum : 9 times of Net Monthly Income

13.00% - 14.00%

1% of the loan amountUpto 3 years
Vehicle Loan1. For Motor Cycle/Scooter: Minimum ₹ 1 lakh per annum

2. For Four Wheeler:
(a) For Individual/Proprietary Firm: Minimum ₹2.50 lakhs p.a.

(b) For Partnership Firm/Company : Minimum ₹ 3 lakhs p.a.
Upto ₹ 50 lakhs for purchase of a new two wheeler

Upto ₹ 200 lakhs for purchase of a new car
9.00% - 9.05%Two Wheeler: ₹ 250/-(Plus service tax as applicable from time to time)

For Car Loan : ₹ 500 irrespective of loan amount (Plus service tax as applicable from time to time)
Maximum upto 7 years for new vehicle.

2nd hand four-wheeler(upto 3 year old)-Maximum upto 3 years
Business LoanApplicable for whole time practitioners such as Chartered Accountants, Company Secretary and Chartered Financial Analyst, not employed anywhere else but should be an income tax assessee for last two years

For Doctor+

Need to be registered medical practitioner having indiviual/partnership firms, age should be over 25 years but less than 65 years at loan maturity, applicant should not be a defaulter of any Bank/FI
For CA, CS and CFA

Minimum : ₹ 2 lakhs

Upto ₹ 100 lakhs (With a maximium of 20 % by way of Working Capital)


For Doctor+

Maximum of ₹ 2.00 crores of which a sub-ceiling for Working Capital limits at 10% of total loan amount.
For CA, CS and CFA



For loans repayable in more than 3 years : 10.05%-10.55%

For Working Capital Limits

10.05%

For Women Borrowers, 0.25% concession in Rate of Interest

For Doctor +

10.05%-10.55%

For CA, CS and CFA

0.50% of the loan amount

For Doctor+

0.50% of the loan amount
Minimum : ₹ 500/-

Maximum : ₹ 50,000/-

For CA, CS and CFA

Upto 10 years


For Doctor+

Upto 7 years
Loan Against PropertyNeed to be 21 years of age, eligible to salaried individual, professional, self-employed, agriculturist, need to be an income tax assesee for atleast 2 years, need to have net-monthly income of ₹ 12,000Minimum : ₹ 2 lakhs

Maximum : ₹ 500 lakhs
Term Loan : 10.25%

Overdraft: 10.25%
1% of the sanctioned limitUpto 10 years
Fixed DepositIndividuals, Hindu Undivided Families (HUFs), Minor represented by parents/guardian,Guardian on behalf of societies, clubs, trusts and associations, associations, clubs, trusts, sole proprietorship firms, partnership firms and limited companiesNIL4.00% - 7.00%NIL7 Days-10 years

Documents Required at Dena Bank Chennai


Product
Documents
Home Loan Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried
- Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years

Bank Account Statement for the Last 6 Months

Track record of existing loans, if any

Details of property you look to buy & construct
Personal Loan Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
Address Proof- Utility bill/Passport/Aadhar card/Voter ID
Income Proof- Latest Salary Slip/ ITR/Form-16
Bank Statement- Last 3-6 Month Bank Statement
Vehicle Loan 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
Business Loan Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried
- Profit & Loss A/C Statement & Audited Balance Sheet for the Last 2Years for self-employed

Bank Account Statement for the Last 6 Months

Track record of existing loans, if any

Trade License applicable to a proprietor/partnership firm

Ownership documents, if any, of the security

Copy of Partnership deed/Memorandum of Association (MOA and Articles of Association (AOA) or other documents. These documents apply in the case of partnership firm or a company
Loan Against PropertyIdentity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card

Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID

Income Proof-Latest Salary Slips & Form 16 for Salaried
- Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years for self-employed

Bank Account Statement for the Last 6 Months

Track record of existing loans, if any

Details of property to be mortgaged
Fixed DepositAn Individual, Hindu Undivided Family, Sole Proprietorship Concern

ID Proof – Passport, PAN Card, Driving Licence, Voter ID, Government ID Card, Senior Citizen ID Card
Address Proof - Telephone Bill, Electricity Bill, ID Card Issued by Post Office, Bank Statement with Cheque
A photograph
Trusts

Copy of the Trust Deed
Copy of the registration certificate
Copy of the Resolution of the Trustees authorizing the members concerned to open and operate the account
Photographs of the members operating the account
Associations/Clubs

By-laws of the Association
Copy of the Resolution by the board authorizing the members concerned to open and operate the account
Photographs of the members operating the account

Partnership Firm
Partnership Deed
Letter from partners approving the persons concerned to open and operate the account
Photographs of the persons operating the account


Public or Private Limited Companies
Board Resolution / Authority Letter
Memorandum & Articles of Association
Certificate of Incorporation
Certificate of Commencement of Business (Public Limited Company)
Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
Governing Act / Rules and Regulations(PSUs) (certified true copy)

 

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