Dena Bank Personal Loan Details

Dena Bank personal loan is most useful to pay for your expenses, arising out of any cause. There is no restriction as to how you utilize the funds. The bank offers a personal loan to people who draw a regular monthly income. One can avail the loan to cover medical expenditures, wedding expenses, vacations, education expenses, etc. there is only one type of personal loan offered by the bank which is called the Dena Suvidha Personal Loan. The Dena Suvidha Personal Loan is one of the best comprehensive loans provided by the bank.

Our website, Loanbaba.com will provide you all details about personal loan Dena Bank.

Why Choose Dena Bank Personal Loan?

• The advantage of this loan is its same interest throughout the duration.
• Simple documentation is needed and the personal loan in Dena Bank then gets processed faster.
• The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.

• You can check out Dena Bank personal loan eligibility and Dena Bank Personal Loan EMI calculator at Loanbaba.com.

Features of Personal Loans at Dena Bank

The following key points will help you understand the features and benefits of the personal loans:

• Loan Amount

The minimum amount of credit given to the applicants is Rs 15,000 while it can go up to Rs 1 lakh. In order to calculate the maximum amount of loan that can be granted, the following criteria are used:

1. If the repayment period is three years, then nine times the monthly salary is allowed.
2. If the repayment period is two years, then six times the monthly salary is given.
3. If the repayment period is one year, then three times the monthly salary is granted. However, the amount cannot exceed Rs 1 lakh.

• Repayment Period

The maximum loan repayment period is 36 EMIs.

• Interest Rates

The balance gets reduced consistently in order to charge interest. The actual costs will depend on the current rates prevailing at the bank. Thus, it is advisable to check the interest rates before applying for the personal loan.

• Restrictions

The loan amount can only be used for legal purposes. However, there is no restriction on how you use the amount till it’s for a legitimate purpose.

Types of Dena Bank Personal Loans

Dena Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Why Apply for Dena Bank Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by Dena Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the financial institution's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Dena Bank Personal Loan Interest Rates

Personal Loan Dena Bank interest rate is between 13.00% and 14.00%, but varies as per individual profile. Keep a check on this page to note the updated Dena Bank Personal loan interest rate for the current year.

Dena Bank Personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Dena Bank personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Dena Bank personal loan are discussed below:

• The applicant for personal loan Dena Bank needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
• He/she meet the requirement for credit score and should not be under too many debts.