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

DENA BANK- AUTO FINANCE SCHEME

Dena Auto Finance Scheme

Take the smooth road to own your Dream Machine

Get on the right track with Dena Auto Loan and drive home your home machine.

YOU ARE ELIGIBLE IF:

You have a gross income of more than Rs. 75,000 p.a. For a two wheeler and a gross income of more than Rs. 1.50 lakhs p.a. for a car.

LOAN AMOUNT

Up to Rs. 50,000/- for purchase of a new two wheeler.

· Up to Rs. 8 lakhs for purchase of a new car.

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

SECURITY

Hypothecation of the vehicle purchased.

MODE OF DISBURSEMENT

Loan disbursed directly to the authorized dealer.

PROCESS FEES

· Two wheeler- Rs. 250/-

· Four wheelers- Rs. 500/-

REPAYMENT

Up to 60 EMIs.

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

DENA BANK- PERSONAL LOAN

Dena Suvidha (Personal Loan) Scheme

LIVE YOUR DREAMS

Dena Suvidha is the ideal way to fulfill personal needs of your family. Be it to finance a marriage or family function. To travel or celebrates a festival. For medical treatment or educational purposes. Or simply a vacation. Even an unforeseen event. Dena Suvidha (Personal) Loan is always there for all your needs.

YOU ARE ELIGIBLE IF:

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 have a gross monthly income of at least Rs. 5,000/-. Income of any other earning member ( co-applicants) can be clubbed for enhanced eligibility.

· You can have a salary disbursement arrangement with us or provide an undertaking form your employer.

LOAN AMOUNT

· Minimum- Rs. 15,000/-

· Up to- Rs. 1 lakh or 9 times the net monthly income whichever is less.

MARGIN

NIL


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

PROCESS FEES

1% of loan amount

REPAYMENT

Up to 36 EMIs

MODE OF DISBURSEMENT

By credit to your Savings Bank account.

This information is taken from the bank's web site.

DENA BANK- EDUCATIONAL LOAN

Dena Vidya Laxmi Educational Loan Scheme

The Topper for your children’s Higher Education

Ensure a bright future for your children. Provide them with the best of higher education in India or abroad. Avail Dena Vidya Laxmi Educational Loan.

You are eligible if:

You are an Indian national and have secured admission to a professional or technical course in an Indian or Foreign university.

· Simply walk in with the marksheet of the qualifying exam. and proof of admission.

Course Eligibility

Study in India:

Graduation courses, Post-Graduation courses, Masters & PhD, Professional courses.

Study Abroad:

Graduation for professional/ technical courses offered by reputed universities; Post Graduation (MCA, MBA, MS)

Loan Amount:

Up to Rs.10 lakhs for studies in India.

· Up to- Rs. 20 lakhs for studies abroad.

Loan takes care of :

*
Fee payable to colleges/ schools/ hostels
*
Examination/ Library/ Laboratory fees.
*
Purchase of books, equipment, instruments and uniforms.
*
Passage fare for travel abroad.
*
Purchase of computers needed to complete the course.
*
Any other expense to complete the course like study tours, project work, thesis etc.

Margin

· Upto Rs. 4 lakhs- NIL for study in India and abroad.

· Above Rs. 4 lakhs- 5% for study in India and 15% for study abroad.

Rate of Interest

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


1% INTEREST CONCESSION IF INTEREST SERVICED DURING THE STUDY PERIOD.

SIMPLE INTEREST CHARGED DURING MORATORIUM PERIOD.

Process Fees

NIL

Repayment

Moratorium- Course period + 1 year or 6 months after getting a job, whichever is earlier.

Repayment period- 5-7 years after start of repayment.

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

DENA BANK- HOUSING FINANCE SCHEME

Dena Niwas Housing Finance Scheme

The doorway to your Dream Home

A Loan for different needs

You can avail of Dena Niwas Home Loan to purchase a plot, construct a house, buy a ready built house or buy one under construction. The loan even helps you build an extension to your existing house or purchase a house that is up to 25 years old. Besides you can take this loan for repairs and upgradation, which includes the cost of fixtures, POP works, retiling, fittings etc.

It even gives you the option to shift an existing home loan with any other Bank or Financial Institution.

You are eligible if:

· You are a major individual, resident or non-resident, having a regular source of income.

· Your age on the maturity of the loan is less than retirement age if you are a salaried employee & below 65 years, if you have a business.

· The total deductions do not exceed 60% of your gross income, including the loan installment of the proposed loan.

· Spouses/Co-applicants income can be clubbed for enhanced eligibility.

Loan Amount

· Up to Rs.100 lakhs for the purchase of a house.

· Up to Rs.5 lakhs for renovation/upgradation.

Margin

15%

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

~ FREE DEBIT CARD WITH INSURANCE COVER OF RS. 1 LAC IN CASE OF ACCIDENTAL DEATH

~ LOAN LIMIT OF RS. 100 LACS.

~ PURCHASE OF HOUSE UPTO 25 YEARS OLD ALLOWED

~ FLOATING RATE LINKED TO BPLR & NOT ANY INDEX/ REFERENCE RATE

Repayment

* Upto 20 years-for the purchase of a new flat/house/construction/extension.
* Upto 10 years- for repairs, renovation and upgradation.

Security

Simple equitable mortgage of the house/flat/apartment on which the loan is availed.

Process Fees

0.50 % of the sanctioned loan amount.