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Dena Bank Personal Loan Interest Rates

The personal loan interest rates of Dena Bank from the past few years have been varied within 1%-2%. RBI, on the other hand by making certain modifications in the repo rate has resulted in the interest rate getting critically low. Moreover, the personal loan interest rates could be as high as 15% or as low as 12% as per June 2015, and for both self-employed and salaried individuals, it is applicable. The interest rate depends on the type of customer, and different customers avail different interest rate schemes.

Particulars

Salaried

Interest rate

Fixed Rate of 13% p.a. under Corporate Salary Scheme tie-up.
Fixed Rate of 14% p.a. for others.

Loan Amount

Minimum: Rs.15000/-
Maximum: Up to 9 times of gross monthly income subject to a maximum of Rs.1 lakh.

Loan Tenure

Maximum up to 3 Years 
9 times of NMI: 3 Years 
6 times of NMI: 2 Years
3 times of NMI: 1 Year 
*NMI stands for Net Monthly Income.

Lowest EMI

It is Rs.506/- per month for those confirming to the Corporate Salary Scheme tie-up scheme and for others, it is Rs.513/- per month. (As calculated for the minimal loan amount and for longest tenure enabled at the lowest interest rate available.)

Processing Fee

1% of the loan amount sanctioned.

Age

Minimum: 22 years old
Maximum: 55 years old

Prepayment/Foreclosure Charges

None
Dena Bank Personal Loan Interest Rates Key Points:

The salaried individuals can easily avail the benefits of Dena Bank Personal Loan, but they have to fulfill the required eligibility criteria.

Personal Loan Interest Rates by Banks