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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.
Quotes from 18 banks | Instant Approval | Maximum Loan Eligibility
Dena Bank Personal Loan Interest Rates:
|Interest Rates||10.00% - 15.60%|
|Loan Amount||INR 15,000-Up to 9 times of net monthly income|
|Repayment||12 months-36 months|
|Processing Fees||1% of the loan amount|
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 Amount||Interest Rate||Tenure||Monthly Instalment||Total Interest Amount||Total Amount|
|₹ 2,00,000||13%||1||₹ 17,863||₹ 14,361||₹ 2,14,361|
|₹ 2,00,000||13%||2||₹ 9508||₹ 28,201||₹ 2,28,201|
|₹ 2,00,000||13%||3||₹ 6739||₹ 42,596||₹ 2,42,596|
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
|1||₹ 58,255||₹ 22,610||₹ 1,41,744|
|2||₹ 66,296||₹ 14,569||₹ 75,447|
|3||₹ 75,520||₹ 5418||₹ 0|
|Signed application form with photograph||Signed application form with photograph|
|Copy of passport/voter ID card/driving license||Copy of passport/voter ID card/driving license|
|Processing fee cheque||Processing fee cheque|
|Last 3 months bank statement/6 months bank passbook||Last 3 months bank statement/6 months bank passbook|
|Latest salary slip||Latest Bank statement|
|Current dated salary certificate with the latest Form 16||Latest 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