Dena Bank Personal Loan

About Dena Bank Personal Loan

Owned by the government of India, Dena Bank is one of the leading and most trustable banks today. This public sector bank is known for offering unmatched banking services to the people. Moreover, among its many services, the bank with its personal loan product is fulfilling the needs of all. Yes, the bank by offering you great deals on personal loan ensures to fulfills every need of yours. Whether you are looking funds for your child’s education, or for your next travel or to renovate your home, for all your personal needs, there is one personal loan that you can easily avail from Dena Bank.

So, to grab the more information on personal loan from Dena Bank, go through this article.

Personal Loan

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    Dena Bank Personal Loan Interest Rates:

    ParticularsDetails
    Interest Rates

    13.00% - 14.00%

    Loan Amount₹15,000-Up to 9 times of net monthly income
    Repayment12 months-36 months
    Processing Fees1% of the loan amount
    Prepayment ChargesNil

    Eligibility Criteria

    To avail the personal loan in Dena Bank, you need to fit into the below eligibility criteria.

    • Minimum age of the applicant should be 24 years
    • Maximum age of the applicant should be 55 year
    • Individual with minimum gross monthly income of ₹15,000
    • Minimum 2 years of working experience in a Govt. or PSU/ reputed organization

    Next, thing on which you need to pay attention is the documentation required to get the personal loan in this bank.

    Dena Bank Personal Loan EMI Calculator

    Let’s imagine, you want to avail a personal loan of ₹2,00,000 Lakh from the bank at an interest rate of 13% per annum for a tenure of 3 years, what would be the EMIs, interest outgo and total amount from your pocket? Take a look at the table below to know the same.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 2,00,00013%1₹ 17,863₹ 14,361₹ 2,14,361
    ₹ 2,00,00013%2₹ 9508₹ 28,201₹ 2,28,201
    ₹ 2,00,00013%3₹ 6739₹ 42,596₹ 2,42,596

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

    YearPrincipalInterestBalance Amount
    1₹ 58,255₹ 22,610₹ 1,41,744
    2₹ 66,296₹ 14,569₹ 75,447
    3₹ 75,520₹ 5418₹ 0

    Documentation Required

    SalariedSelf-Employed
    Signed application form with photographSigned application form with photograph
    Copy of passport/voter ID card/driving licenseCopy of passport/voter ID card/driving license
    Processing fee chequeProcessing fee cheque
    Last 3 months bank statement/6 months bank passbookLast 3 months bank statement/6 months bank passbook
    Latest salary slipLatest Bank statement
    Current dated salary certificate with the latest Form 16Latest ITR or Form 16

    Features and Benefits

    • Attractive interest rates
    • No Guarantor/ surety required
    • Flexible repayment options
    • Loans available for various needs
    • Minimal Paperwork
    • Quick processing & Disbursal
    • Enjoy the convenience of doorstep service

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    EMI Calculator