Dena Bank Personal Loan in Chennai

Last Updated : March 21, 2017, 4:31 p.m.

About Dena Bank Personal Loan Chennai

Headquartered in Mumbai, Dena Bank was founded in the year 1938 under the name Devkaran Nanjee Banking Company Ltd. and is considered to be one of the earliest nationalized banks of India. Dena Bank provides esteemed financial services and promises superior financial returns along with good economic growth to its customers and shareholders. The bank incorporates its presence in Chennai through some of its branches. Moreover, the bank offers a wide range of 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. Irrespective of the loan products, a personal loan is one such loan that the prospective borrower prefers to avail from Dena Bank as the loans are offered at a competitive interest rate which fall under the affordability reach of the borrower.

Personal loan as the name itself speaks is one such loan which is provided by the bank to fulfill the diverse personal needs of individuals. Whether it is regarding financing a marriage or travelling aborad or celebrating a festival or for covering medical expenses or educational expenses or going out on a vacation, Dena Bank is here to disburse the loan amount within hours. Dena Bank offers personal loan in the name of Dena Suvidha Personal loan so as to fulfill various form of needs.

Apply Personal Loan @ 10.75%* Rate

The salaried employees are entitled to avail Personal Loan, subject to fulfillment of eligibility criteria which suggests that an applicant needs to have a minimum monthly income of ₹ 15,000/. They can undergo the salary disbursement arrangement with the bank or they need to provide an undertaking from their respective employer. The interest rates are charged as per the daily reducing basis. However, the interest rates vary from customer-to-customer and according to the categories of customers which is dependent upon the bank’s discretion. The customers can easily terminate their loan before maturity and there are no such prepayment charges levied thereon. Only a minimum processing fee of 1% of the loan amount is to be incurred by the customers. The balance transfer facility is also available to customers of Chandigarh and other regions at a lower interest rate where the loan can be transferred from another bank to Dena Bank at a much lower rate. To ease the burden of monthly instalments, the repayment period is set by the bank which is upto 3 years so that they can comfortably plan out each instalment which can be readily made towards the personal loan.

Dena Bank Personal Loan Chennai at a glance

Eligibility Criteria

Individuals applying for Dena Bank Personal Loan need to fulfill the following criteria:

• You should be a permanent employee between 24 to 55 years with a work experience of atleast 2 years in a Govt. or PSU/reputed organization.
• Your gross monthly income should be atleast ₹ 15,000/-
• You can either furnish an undertaking from your employer or can undergo a salary disbursement arrangement with the bank.

Documents Required

Salaried employees need to produce the following documents (Self-attested copies):

• Two passport sized photographs of applicants along with the co-applicants and the guarantors.
• Proof of identity: Copy of passport/voter ID card/driving license
• Proof of address: Copy of ration card/telephone or electricity bill/rental agreement/passport
• Proof of age : Copy of a valid PAN card or Passport or Driving License or School Leaving Certificate.
• Proof of Income and Occupation: Latest salary slip / current dated salary certificate with the latest Form 16 from the employer.
• Bank statement for 6 months where the salary is credited.
• Latest 3 months salary slip showing all deductions.
• Appointment letter/increment letter from employers for annual benefits.
• Brief profile of the company where employed.
• Other documents are also required in accordance with the bank’s rules and regulations.

For getting more details, visit Personal Loan Chennai

Address of Dena Bank Branches in Chennai