CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, 2nd Floor, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Dena Bank lets you avail up to 9 times of your net monthly income for personal loans. Pensioners can get up to Rs. 3 lakhs. Get tenure for 36 months. No collateral required. Deal with less paperwork and don’t worry about pledging any security. Apply online through CreditMantri!
Currently not available! Check Eligibility for similar products
Headquartered in Mumbai, Dena Bank is an Indian banking and financial services company. The Bank has a network of 1,773 branches across India. It provides a wide range of banking products and financial services to retail and corporate customers.
A personal loan is an unsecured (i.e. without collateral), multi-purpose loan usually taken to cover short-term money requirements. Personal loans usually have a speedy approval process hence making it one of the most popular loans in the market.
Dena Bank offers a wide range of services in the personal loan segment. It is the most preferred bank by all kinds of people for any financial service. For any immediate financial requirement like wedding, medical treatments, house repair, pleasure vacation etc. can be fulfilled using the personal loans offered by Dena Bank.
Important documents to be submitted while applying for personal loans with Dena Bank
Catering to the needs of various sections of people, tailor-made Dena Bank personal loans is the best option to fulfil your short-term needs. You can choose the best personal loan based on your requirement.
The aim of the Dena Bank personal loan is to provide financial assistance to fulfil the needs like medical treatment of self or a family member, to meet wedding and travel expenses, education and house repair.
No Collateral Required:
No Collateral Required: As personal loans are unsecured loans, you do not have to pledge any collateral to obtain Dena Bank personal loan. However, suitable third-party guarantee is acceptable.
You can get loan up to nine times of your net monthly income. The minimum loan amount is INR 15,000.
Up to 36 months
1% of the loan amount
You can apply online or visit nearby Dena Bank branches.
You are a permanent employee between 24 to 55 years having worked for at least 2 years in a Govt. or PSU/ reputed organization.
You should have a gross monthly income of at least INR 15,000.
You can have a salary disbursement arrangement with us or provide an undertaking form your employer.
The aim of the Dena Bank personal loan is to provide financial assistance for pensioners to fulfil the needs like medical treatment of self or a family member, to meet wedding and travel expenses, education and house repair.
As personal loans are unsecured loans, you do not have to pledge any collateral to obtain Dena Bank personal loan. However, suitable third-party guarantee is acceptable.
For up to 73 years old – INR 3 Lacs or 12 months of pension amount For up to 80 years old – INR 1.5 Lacs or 6 months of pension amount
No prepayment Charges are levied.
You should be a pensioner of the State Govt., Central Govt. or PSU.
You should be an ex-staff member with a pension account.
Your take home pension is not less than 60% of your monthly pension after deduction of the loan instalment.
Interest Rate on Dena Bank Personal Loans
Your Dena Bank personal loan can be repaid in following three ways.
Standing Instruction (SI):
If you are an existing account holder with Dena Bank, Standing Instruction is the best mode of repayment. Your EMI amount will be debited automatically at the end of the monthly cycle from the Dena Bank account you specify.
Electronic Clearing Service (ECS):
This mode can be used if you have a non-Dena Bank account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account.
Post-Dated Cheques (PDCs):
You can submit post-dated EMI cheques from a non-Dena Bank account at your nearest Dena Bank Loan Centre. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only.
It is recommended that you opt for either the SI or ECS mode of payment for faster and less prone to error than the use of PDCs.
Dena Bank provides attractive interest rates on personal loans when compared to other lenders. Low interest rate with no hidden charges makes Dena Bank personal loans a prospective and viable option for borrowing for your urgent financial requirements. With long tenure and part-prepayment, Dena Bank personal loans do not impose much burden on the customers.
1. What are my loan limits?
Your personal loan limit would be determined by your income and repayment capacity.
2. Can my spouse income be included for calculating the loan amount?
Yes, your spouse's income can be included provided he/she guarantees the loan or the loan is taken jointly.
3. Do I have to pledge some form of security?
No Security is Needed
4. What is the repayment schedule like?
The minimum amount that you are expected to pay every month is the EMI. You are allowed to pay more than the EMI if you wish to, and we do not charge any prepayment penalty.
5. What is EMI?
EMI stands for Equated Monthly Instalments. This instalment comprises both principal and interest components. Use the EMI calculator to find out your monthly payments based on the loan amount, the rate of interest and the repayment period. Choose the combination that best meets your financial resources and requirements.
6. What is the processing fee? Are there any other charges?
The processing fee for Dena Bank personal loan is 1% of the loan amount. Processing fees have to be paid upfront. No processing charges for pensioner scheme.
7. Do I have the option of choosing a fixed or floating rate for the loan?
You have the option to avail the loan with either a fixed interest rate or a floating one. In the case of a fixed rate loan, the interest rate on the loan will remain fixed through the entire tenure of the loan, whereas in the case of a floating rate loan, the interest rate could decline or rise in line with the changes in the Bank's Medium-Term Lending Rate (SBMTLR).
8. How does Dena Bank Personal loan compare with those offered by other banks?
There is total transparency with regard to the rate of interest and the fees charged by us. Dena Bank offers personal loans at the cheapest rates of interest, with no security or collateral Dena Bank offer loans for the longest tenors (60 months), with the flexibility provided to reduce the tenor by prepaying the loan without any penalty. The Bank provides finance for any personal need or requirement; the total amount being determined on the basis of repaying capacity.With an Dena Bank personal loan, you can choose between fixed rates of interest and floating interest rates.
9. How can I apply for the Dena Bank personal loan?
You can either apply online or visit the nearest Dena Bank loan centre for a personal loan.
10. Will there be any charges for prepayment towards my Dena Bank personal loan?
There are no prepayment charges on Dena Bank personal loan.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.