It is basically offered to all types of borrowers to help them meet their fund requirements that may arise out of any kind of personal needs at an easy Dena Bank Personal Loan rate. We at money superbazaar will provide you detailed information about Dena Bank Personal Loan and other related factors such as Dena Bank Personal Loan interest rate, as well as repayment tenure of loan and Dena Bank Personal Loan eligibility norms as determined by the bank. We will also take into consideration the views shared by market experts on various Dena Bank Personal Loan review.

Dena Bank Personal Loan Interest Rate:

Dena bank offers the loan at a Dena Bank Personal Loan rate that is calculated on the base rate. This is a rate that is set by the bank as per RBI’s guidelines from time to time. Base rate for above purposes stands at 8.95% per annum. Hence, effective Dena Bank Personal Loan interest rate stands at 16% per annum.

Dena Bank Personal Loan rate is charged on daily reducing balance of the principal loan amount.

Dena Bank Personal Loan Eligibility Norms:

Following are the persons who are eligible for loan as per Dena Bank Personal Loan eligibility:

• Permanent employees of the government (state / central), as well as public sector undertakings and other kinds of reputed companies and firms
• Minimum age of loan-seeker should be 24 years and maximum age should be 55 years.
• Above should have a gross monthly income that is at least Rs.15, 000

As per bank’s website and Dena Bank Personal Loan review, irrespective of the age profile of borrower, Dena Bank Personal Loan rate once levied does not change and is uniform for all.

Quantum Of Dena Bank Personal Loan:

Loan is offered in amounts that are calculated as under:

• Equal to 9 months’ of net monthly salary of borrower
• Lowe limit stands at Rs.15, 000
• Upper limit stands at Rs.1 lac

Irrespective of the loan amount quantum, Dena Bank Personal Loan interest rate remains uniform. According to Dena Bank Personal Loan review, further no margin is considered before disbursement of above amount.

Procedure To Be Followed While Applying For Dena Bank Personal Loan:

Interested applicants who meet above Dena Bank Personal Loan eligibility criteria may approach their nearest bank branch to apply for loan.

You may also apply online by visiting link that is given at the end of page.

Before loan-disbursal, a one-time processing fee that is over and above Dena Bank Personal Loan interest rate is charged at 1% on loan amount.

Tenure Of Dena Bank Personal Loan:

You should repay entire loan amount in a minimum of 3 years. Dena Bank Personal Loan rate remains fixed during the loan tenure and does not change.

Repayment Of Dena Bank Personal Loan:

You should ensure that entire loan amount is repaid in a maximum of 36 equated monthly installments that consists of principal and interest levied at above rate.

As per bank’s website as well as Dena Bank Personal Loan review, repayment has to be through post-dated cheques.

Pre-Closure Of Dena Bank Personal Loan:

In case, you wish to pre-close your loan account before end of tenure you may do so without incurring any per-payment penalty.

Product Page Urlof Dena Bank Personal Loan:    you may visit following link to know more: http://www.denabank.com/viewsection.jsp?id=0,4,26,69

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