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Dena Bank Personal Loan - Frequently Asked Questions

How many types of personal loan does Dena Bank offer?

Dena Bank offers only one type of personal loan known as ‘Dena Suvidha’.

What is the main aim of Dena Bank Personal Loan?

The main aim of Dena Bank personal loan or Dena Suvidha loan is to help an individual live their life to the fullest by granting finance for personal expenditure may it be for home renovation, a vacation or a wedding.

What is the eligible age to apply for Dena Bank Personal loan?

The individual needs to be between the ages of 24 to 55 years to be eligible for Dena Bank Personal Loan.

What are the other eligibility criteria for Dena Bank Personal loan?

Given below is a list of other criteria that one needs to fulfil in order to be eligible for Dena Bank Personal Loan.

The individual needs to be a permanent employee with at least 2 years of working experience

The individual needs to earn a gross monthly income of minimum Rs.15,000

What is the minimum loan amount that one can avail with this personal loan?

The minimum loan amount granted for the personal loan is Rs.15,000.

What is the maximum loan amount granted for different repayment periods?

Given below is a list of the maximum loan amount granted for different repayment periods for Dena Bank Personal Loan.

Repayment term of 36 months- 9 times of Net Monthly Income

Repayment term of 24 months- 6 times of Net Monthly Income

Repayment term of 12 months- 3 times of Net Monthly Income or Rs.1.00 lakh whichever is less

Does the borrower have to pay any prepayment charges for making prepayments to the personal loan?

The borrower does not have to make any prepayment charges for making prepayments to the loan.

What is the processing fee charged for the loan?

A processing fee of 1% is charged on the loan.

How is the loan disbursed?

The loan is disbursed by crediting the loan amount to the Savings Bank Account of the borrower.

What is the maximum repayment period granted by the bank?

The maximum repayment period offered for the loan is up to 36 EMIs.

How is the interest charged for the loan?

The interest for the loan is charged on daily reducing balance.

Is there any restriction on the utilisation of the loan amount?

There is no restriction on the utilisation of the loan amount as long as it is legal.

Can one apply for the loan online?

Yes, one can apply for the loan online either through the bank’s official website and download the form there or through a third party financial website that additionally provides information about the loan.

Dena Bank Personal Loan in Delhi/NCR through LoanMoney

Apply for Personal Loan, Home Loan, Business Loan & Loan Against Property in Delhi & NCR through LoanMoney

Home Loan in Delhi/NCR through LoanMoney

Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements. You often renovate your home to suit your changing needs. This loan can be used to carry out repairs / improvements within your existing owned residential properties.

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Personal Loan in Delhi/NCR through LoanMoney

Personal loans are taken primarily for fulfilling your personal aspirations such as vacation, a perfect wedding, home renovation or a much desired gadget. In addition to being relatively easy to apply for, personal loans are unsecured loans which means that you don't need any collateral to take this loan. They are one of the simplest form of loans with customer-friendly repayment terms.

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Loan Against Property in Delhi/NCR through LoanMoney

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In this context, it is pertinent to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinizing the validity of the said property and its current market value.

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Business Loan in Delhi/NCR through LoanMoney

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It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.

 

Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.

 

Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.

 

A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.
The Education Loanaims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
Debt consolidation/ Financial Restructuring is a process to streamline one’s financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements.

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