Upto Rs.10,00,000 – Dena Bank Personal Loan

Dena Bank was originally founded by Devkaran Nanjee in the year 1938. It was thus named as “Dena”. The government nationalized Dena Bank with 13 other banks in the year 1969. Currently, Dena Bank has over 1800+ branches in India providing best services to the consumers.

In this post, I’ll cover the details of how to take personal loan at Dena Bank, its eligibility, features, contact details, and many more.

Loan Details

Sl. No.CategoryData
1Loan amount-MaximumUp to Rs 10 Lakhs
2Loan amount-MinimumStarting from Rs 50,000
3Age21 years and above
4Interest rates10.5%
5TenureUp to 5 years (60 months)
6Processing charge1%
7Lowest EMIsRs 2,150 per Lakhs
8CIBL score750 or more

Steps to apply for personal loan at Dena Bank

Step-1: Fill-up the loan application form at Dena Bank entering your true personal details

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Step-2: After details, specific documents are asked to submit

Step-3: Submit the documents when asked by the bank employee

Step-4: After that, your application will be reviewed and verified and then your decision of approval or not will be notified

Dena Bank Loan Features

  • No collateral or security required
  • Attractive rate of interests: 10.5%
  • Flexible period of loan tenure
  • Less paperwork
  • No guarantor is required

Dena Eligibility Criteria

The criteria of eligibility to apply for a personal loan at Dena is mentioned as:

  • Applicant must be a salaried or self-employed individual
  • Age: 21 years or above (maximum 60 years)
  • Monthly income: Rs 15,000 or more
  • Work experience: Minimum 2 years

Documents Required at Dena Bank

The types of documents needed varies based on how a person’s profession is. It is mentioned s below:

Dena Loan for Salaried

  1. Signed loan application
  2. Passport sized photographs
  3. Income slips
  4. Currently dated income certificate
  5. Identity proof (Passport/Driving license/Aadhar card)
  6. Residential proof (Voter ID/PAN card)
  7. Bank statements of previous 3 months
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Dena Loan for Self-employed

  1. Signed loan application
  2. Passport sized photographs
  3. ITRs
  4. Identity proof (Passport/Driving license/Aadhar card)
  5. Residential proof (Voter ID/PAN card)
  6. Bank statements of previous 3 months and of current date

Comparison of Dena Bank with other banks

Sl. No.Bank NameLoan amountInterest rates
1AxisUp to 15 Lakhs10.25% onwards
2BOIUp to 10 Lakhs8.5-10.35%
3HDFCUp to 50 Lakhs10.2-18%
4ICICIUp to 40 Lakhs10.5-20%
5CanaraUp to 3 Lakhs11.2-13.9%

Check Status

You can instantly check the status of your Dena personal loan by clicking on the following button.

Contact Details

For digital banking procedure: 1800 233 6427

For non-digital banking procedure: 1800 225 740

Send message: Type “DENAHELP” and then send it on 56677 


1]. Can I repay my loan early?

Yes, you can repay it early but read the terms and conditions of the bank and then proceed.

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2]. What relaxation is given by Dena to loan applicants due to pandemic covid-19?

A moratorium of 6 months is offered to applicants by Dena.

3]. How to calculate EMI for Dena bank personal loan?

You can use our EMI calculator to apply for Dena personal loan.

4]. How to close my personal loan at Dena?

You have to pay all your repayments and then collect your payment receipts with no dues for proofs and then visit bank for requesting closure.

5]. What can happen when I don’t pay or I am unable to pay bank EMIs?

Then the bank would charge you some penalty amount and you have to pay extra for that.

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