DENA BANK-MORTGAGE LOAN SCHEME

Make your idle property work for you

If you have free hold, un-encumbered, non-agricultural property, residential or commercial- you can fulfill all your needs with Dena Mortgage Loan. Be it to finance a marriage, higher education, a foreign trip or medical treatment.

You are eligible if:

You are 21 years of age.

· You are a salaried individual, professional, self-employed, agriculturist.

· You are an income tax assessee for at least 2 years.

· Your net monthly income is at least Rs. 12,000/-. Income of spouse (co-applicant) can be clubbed for enhanced eligibility.

Loan Amount:

· Minimum- Rs. 2 lakhs

· Upto- Rs. 100 lakhs

Margin:

50%

Rate of Interest:

Please Check out the Interest Rates Section to find latest Interest Rates applicable.

INTEREST CHARGED ON DAILY REDUCING BALANCE

Security:

Equitable mortgage of the property.

Process Fees:

1% of the sanctioned limit

Repayment:

Up to 120 EMIs.

The loan information is gathered from the bank's web site.

Photo Courtesy: Dena Bank.

DENA BANK- TRADE FINANCE SCHEME

You are eligible if:

· You are a commodity trader, stockist or dealer registered under sales tax.

· You are a permanent resident of the city.

Loan Amount:

· Minimum- Rs. 2.50 lakhs

· Upto- Rs. 25 lakhs

· Upto 20 % of your projected turnover.

In case of disruption of the working capital cycle, 40 % of collateral security can be included to calculate Drawing Power.

Nature of Loan:

Cash Credit (hypothecation)

Margin:

25% stock, 50% of book debts.

Rate of Interest:

INTEREST CHARGED ON DAILY REDUCING BALANCE

NO PREPAYMENT CHARGES

Security:

*
Hypothecation of stock and book debts.
*
Equitable mortgage of immovable property or any other liquid assets with market value of 100% sanctioned limit as collateral.

Process Fees:

1% of the sanctioned loan amount.

Repayment:

Revolving limit to be operated as per DP/ Sanctioned Limit.

This information of loan is gathered from the bank's web site.

Photo courtesy: Dena Bank.

DENA BANK CONSUMER DURABLE LOAN

Dena Consumer Durable Loan

Move up in life with Dena Consumer Durable Loan

Now , it's so easy to improve your lifestyles. And turn your home into a smart, modern one with all the conveniences you can imagine. Be it a Laptop, Washing Machine, Microwave, Fridge, TV, DVD Player, Music System, AC, Modern Furniture, Cooking Range, PC, Fitness Equipment or even a Mobile Handset. Just take a Dena Consumer Durable Loan and move up in life.

You are eligible if:

You have sufficient repayment capacity. Also, your spouse's income can be clubbed to enhance your eligibility.

Loan Amount: Up to Rs. 1 lakh

Margin: 20%

Rate of Interest

Please Check out the Interest Rates Section to find latest Interest Rates applicable.

INTEREST CHARGED ON DAILY REDUCING BALANCE
NO PREPAYMENT CHARGES

Repayment: Up to 36 EMIs.

Mode of Disbursement:Payment will be released to the dealer against proforma invoice.

Security:Hypothecation of consumer durables purchased.

Process Fees

* Up to Rs. 25,000/- - Rs.250/-
* Above Rs. 25,000/- - Rs.500/-

This useful information is read and produced from the bank's web site, for the use of customers of the bank.

Photo Courtesy: Dena Bank