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Dena Bank Personal Loan – Apply Online 2024

Personal Loan

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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.

Dena Bank Personal Loan Interest Rates:

Particulars Details
Interest Rates11.80% - 15.50%
Loan Amount₹ 10000-3.50 Lakh
Repayment60 Months
Processing Fee1.50% of the loan amount
Pre-Payment 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 AMOUNT INTEREST RATE TENURE MONTHLY INSTALMENT TOTAL INTEREST AMOUNT TOTAL 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)

YEAR PRINCIPAL INTEREST BALANCE AMOUNT
1₹ 58,255₹ 22,610₹ 1,41,744
2₹ 66,296₹ 14,569₹ 75,447
3₹ 75,520₹ 5418₹ 0

Documentation Required

Salaried Self-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 Latest Form 16Latest ITR or Form16

Features & 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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