1. Various Retail Loans
Dena Bank offers various loans to its customers. The following are the various schemes that are
provided taking into considerations the requirements of its customers.
1. Dena Niwas Yojana- Housing Loan Scheme:
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TITLE
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Reason
2
Eligibility
EXPLANATION
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 50 years old provided the remaining life of the house
is more than 25 years. 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 a major individual, resident or non-resident, having a
regular source of income.
•
•
Loan Amount
The total deductions do not exceed 60% of your gross income,
including the loan installment of the proposed loan.
•
3
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.
Spouses/Co-applicants income can be clubbed for enhanced
eligibility.
Loans less than Rs.20 lakhs : 10% of cost of the house property
(excluding stamp duty, registration charges, etc).
•
•
4
Margin
20 %
Rs.20 lakhs & above : 20% of cost of the house property
(excluding stampduty, registration charges, etc)

2. 5
Rate of Interest
Floating rate of interest upto Rs 25 Lakhs
•
•
Upto 5 Yrs- 10.25%
More than 5 Yrs upto 10 Yrs – 10.30%
•
More than 10 Yrs – 10.30%
Floating rate of interest more than Rs 25 Lakhs upto 30 Lakhs
•
Upto 5 Yrs and more than 5 Yrs – 10.30%
Floating rate of interest more than Rs 30 Lakhs
• Repayable upto 5 YrsUpto Rs 75 Lakhs - 10.55%
Above Rs 75 Lakhs - 10.80%
•
Repayable in more than 5 Yrs- Upto Rs 75 Lakhs
- 10.55%
But less than 10 Yrs
•
Above Rs 75 Lakhs - 10.80%
Repayable more than 10 Yrs-
Upto Rs 75 Lakhs
- 10.55%
Above Rs 75 Lakhs - 10.80%
Fixed Rate of Interest upto Rs 25 Lakhs*
•
•
Upto 5 Yrs- 11.25% (Fixed)
More than 5 Yrs upto 10 Yrs – 11.25%(Fixed)
•
More than 10 Yrs – 11.25%(Fixed)
Fixed Rate of Interest more than Rs 25 Lakhs upto Rs 30 Lakhs
•
Upto 5 Yrs- 11.25% (Fixed)

3. •
More than 5 Yrs upto 10 Yrs – 11.25%(Fixed)
•
More than 10 Yrs – 11.25%(Fixed)
Fixed Rate of Interest more than Rs 30 Lakhs
•
•
•
6
Repayment
7
Upto 5 Yrs- 11.75% (Fixed)
More than 5 Yrs upto 10 Yrs – 11.75%(Fixed)
More than 10 Yrs – 11.75%(Fixed)
* Note: The fixed rate of interest is to be reset after every 3 years. At the
time of reset it should be fixed by the same spread of the Base Rate
applicable on the date of reset as was applicable at the time of sanction.
• Upto 25 years-for the purchase of a new
flat/house/construction/extension.
Security
•
Upto 10 years- for repairs, renovation and upgradation.
Simple equitable mortgage of the house/flat/apartment on which the loan
is availed.
8
Process Fees
0.50% of sanctioned limit.
9
10
11
Supervision
charge
Primary
security
Collateral
security
12
Insurance
13
Documents
14
Maximum
Rs. 500 (one time)
Equitable mortgage of the property acquired by bank finance or any
other property of the same value.
Assignment of LIC policies, NSC, TDR, etc may be taken. It is
preferable that spouse of the applicant should be made a coobligent.
Insurance fo the property against fire, natural calamity, etc along with
bank clause for the entire repayment period by payment of one time
premium.
Premium amount under this scheme is for providing property insurance
and personal accident insurance cover for borrower to be included in the
loan amount and EMI is to be fixed accordingly.
• Term loan agreement
• Letter of undertaking
• Original title deed with 30 years search report, non encumbrance
certificate.
• Declaration letter from borrower.
• Letter to be addressed by the bank to the borrower.
• 20 years. Loan maturing age maximum 65 years or retirement

4. repayment limit
•
age whichever is earlier.
10 years. Loan maturity age maximum 65 years or retirement age
whichever is earlier.

5. 2. Dena Consumer Durable Loan Scheme:
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TITLE
1
Reason
2
Eligibility
3
EXPLANATION
Turn your home into a smart, modern one with Laptop, Washing
Machine, Microwave, Fridge, TV, DVD Player, Music System, AC,
Modern Furniture, Cooking Range, PC, Fitness Equipment or even a
Mobile Handset.
You have sufficient repayment capacity. Also, your spouse's income can
be clubbed to enhance your eligibility.
Loan Amount
Upto Rs. 1 lakh
4
Margin
5
Rate of Interest
6
Repayment
7
8
Mode of
Disbursement
Security
9
Process Fees
20 %
13 % (fixed) in case of tie-up under Corporate salary scheme.
14 % (fixed) in all other cases.
Upto 36 EMIs.
Payment will be released to the dealer against proforma invoice.
Hypothecation of consumer durables purchased.
• Upto Rs. 25,000/-- Rs.250/•
10
Above Rs. 25,000/-- Rs.500/-
Penalty
11
Documents
12
Maximum
repayment limit
2 % per month on default installment.
• Term loan agreement
• Letter of undertaking
• Original title deed with 30 years search report, non encumbrance
certificate.
• Declaration letter from borrower.
• Letter to be addressed by the bank to the borrower.
• Letter of hypothecation of consumer goods.
• Undertaking from the employer for deduction of loan installment
from salary and post dated cheques for entire repayment period
along with irrevocable mandate letter. If employer is not issuing
authority letter bank may issue the same.

6. 3. Dena auto finance Scheme:
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TITLE
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Reason
2
Eligibility
EXPLANATION
To purchase vehicles.
• You have a gross income of more than Rs.75,000/- p.a. for loan
for purchase of motor cycle / scooter and more than Rs.1.50 lacs
p.a. for loan for purchase of cars.
•
4
5
Loan Amount
•
•
3
You are a partnership firm / company for purchase of car. The
firm / company should be profit making for the last 2 years. The
net profit as per Audited Balance Sheet of last year should be
more than Rs.3.00 lacs.
Upto Rs. 50,000/- for purchase of a new two wheeler.
Upto Rs. 8 lakhs for purchase of a new car.
Margin
Rate of Interest
20 %
Two wheelers
• Repayable upto 3 yrs
• Repayable beyond 3 yrs
Four wheelers
• Repayable upto 1 yr
• Repayable from 1 yr and upto 3 yrs
• Repayable from 3 yr and upto 5 yrs
Old vehicles(max 3 yrs old)
• Repayable upto 1 yr
• Repayable beyond 1 yrs and upto 3 yrs
: 13.30%
: 13.80%
: 11% (fixed)
: 11.50 % (fixed)
: 12 % (fixed)
: 12% (fixed)
: 12.50%(fixed)

7. 6
Repayment
Upto 60 EMIs (For new vehicles) & upto 36 EMIs (For old Vehicles).
7
8
9
Mode of
Disbursement
Security
Process Fees
Loan disbursed directly to the authorized dealer.
Hypothecation of the vehicle purchased.
• Two wheeler- Rs. 500/•
Four wheelers:
o
o
11
For loans above Rs. 2.50 lacs to Rs. 7.50 lacs, Rs. 1,500/-
o
10
For loans upto Rs. 2.50 lacs, Rs. 1,000/-.
For loans above Rs. 7.50 lacs, Rs. 2,500/-.
Penalty
Documents
2 % per month on default installment.
• Letter of guarantee.
• Confirmation of guarantee.
• General letter of lien and set off from borrower as well as
guarantor.
4. Dena Vidya Laxmi Educational Loan Scheme:
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TITLE
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Reason
2
Eligibility
EXPLANATION
Ensure a bright future for your children. Provide them with the best of
higher education in India or abroad.
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.
Study in India:
Graduation courses, Post-Graduation courses, Masters & PhD,
Professional courses.
Study Abroad:
Graduation : For job oriented professional / technical courses offered
by reputed universities

8. Post Graduation : MCA, MBA, MS etc.
Courses conducted by CIMA-London, CPA in USA etc.
3
Loan Amount
•
•
Upto Rs.10 lakhs for studies in India.
Upto- Rs. 20 lakhs for studies abroad.
4
Expenses
considered
•
•
•
•
•
•
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.
5
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.
•
6
Upto Rs. 4 lakhs• Repayable in 3 yrs
• Repayable in more than 3 yrs
: 11.80%
: 11.80%
Above Rs. 4 lakhs• Repayable in 3 yrs
• Repayable in more than 3 yrs
7
Rate of Interest
: 11.80%
: 11.80%
Process fees
Rs.1000/- for studies abroad which is refundable on availing the limit.
8
Repayment
For loans upto Rs.7.50 lakhs : Upto 10 years
For loans above Rs.7.50 lakhs : Upto 15 years
9
10
Mode of
Disbursement
Security
Disbursement is directly made to the college/ hostel authorities against
their demand letters.
• Parent / guardian will be treated as a principal borrower if the
student is minor otherwise advance will be treated as joint loan.
•
Two creditworthy and independent guarantors acceptable to the
bank.
•
Any other tangible security like immovable property, house
property as collateral of suitable value will be obtained at the
discretion of the bank if felt necessary and depending upon the

9. merits of each case.
•
11
Documents
•
•
12
Other terms
•
•
•
Suitable third party guarantee along with assignment of future
income of the student for payment of installment.
Educational loan agreement to be executed by the student and
his/ her guardian s co borrower.
Letter of guarantee and confirmation of guarantee from the third
party in case of need.
Documents for collateral securities (if taken)
Periodic progress report to be obtained from educational
institutions.
The students who have already taken loan under this scheme for
their graduation and like to pursue post graduation, the second
loan may be sanctioned subject to following conditions:
•
The second loan will be given for perusing MBA, MCA,
etc from college/ universities shortlisted by bank.
•
The borrower should have paid interest for the first loan.
•
Second loan is to be sanctioned by the next higher
authority. Amount of loan should not exceed the maximum
ceiling and subject to repayment capacity of the parents.
•
Repayment of earlier loan will be rescheduled suitably so
that the installments for both the loans will being
simultaneously.
5. Dena Suvidha (Personal Loan) Scheme:
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TITLE
EXPLANATION

10. 1
2
Reason
Eligibility
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 a permanent employee between 24 to 55 years having
worked for at least 2 years in a Govt. or PSU/ reputed
organization.
•
•
3
Loan Amount
You have a gross monthly income of at least Rs. 15,000/-.
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.
Minimum- Rs. 15,000/-
•
•
4
Margin
5
Rate of Interest
Upto- Rs. 1 lakh or 9 times the net monthly income whichever is
less.
NIL
•
•
6
13 % (fixed) in case of tie-up under Corporate salary scheme.
14 % (fixed) in all other cases.
Repayment
Upto 36 EMIs
7
8
Mode of
Disbursement
Security
By credit to your Savings Bank account.
Collateral securities like NSC, LIC policy and 3rd party guarantee may
be obtained. No guarantee is required where there is undertaking from
employer is available.
9
Process Fees
1 % of loan amount.
10
Penalty
11
Documents
2 % per month on default installment.
• Loan agreement.
• Letter of general lien and set off both from borrower and
guarantor.
• Letter of guarantee from one guarantor acceptable to the bank.

11. 6. Dena Senior Citizen personal loan scheme to pensioners:
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TITLE
1
Reason
2
Eligibility
EXPLANATION
To meet any genuine credit requirement for personal purpose.
• You are a pensioner of the State Govt., Central Govt. or PSU.
•
•
Loan recovery period is not extending beyond 75 years of age.
•
Your take home pension is not less than 60% of your monthly
pension after deduction of the loan installment.
•
3
You are an ex-staff member with a pension account.
Up to 6 months pension or Rs.1,50,000/-, whichever is less.
Loan Amount
4
Margin
5
6
Rate of Interest
Repayment
NIL
14.55%
Upto 24 EMIs
7
8
Mode of
Disbursement
Security
By credit to your Savings Bank account.
NIL
9
Process Fees
10
Penalty
11
Documents
NIL
2 % per month on default installment.
• Loan agreement.
• Letter of general lien and set off both from borrower and
guarantor.
• Letter of guarantee for deduction of installments and post dated
cheques.
• Guarantors consent letter.

12. 7. Dena Rent Scheme:
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TITLE
1
Reason
EXPLANATION
Landlords can make their property earn more money by availing Dena
Rent Scheme against their rent receivable.
2
Eligibility
You are a landlord- an individual, corporate, trust or anybody who has
given their property on rent to banks, FIs, PSUs or reputed companies.
• Minimum- Rs. 1 lakh
3
Loan Amount
4
Margin
5
10% of present value of net rentals
Rate of Interest Where Dena Bank is tenant• Repayable in 3 yrs
•
Upto- Rs. 500 lakhs
: 14.3%

13. •
: 14.80%
: 15.05%
Repayment
7
: 14.55%
Where Dena Bank is not the tenant• Repayable in 3 yrs
• Repayable in more than 3 yrs
6
Repayable in more than 3 yrs
Insurance
Upto 120 EMIs or residual lease period whichever is less.
Insurance of the property against natural calamities, fire and other risks.
8
Security
Equitable mortgage of property.
9
10
Process Fees
Documents
0.50%
•
•
•
•
Term loan agreement.
Letter of assignments for lease rentals.
Power of attorney and consent letter from tenant.
Mortgage of the property.