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.
Table of Contents
Loan Details
Sl. No.
Category
Data
1
Loan amount-Maximum
Up to Rs 10 Lakhs
2
Loan amount-Minimum
Starting from Rs 50,000
3
Age
21 years and above
4
Interest rates
10.5%
5
Tenure
Up to 5 years (60 months)
6
Processing charge
1%
7
Lowest EMIs
Rs 2,150 per Lakhs
8
CIBL score
750 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
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:
