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Dena Bank was founded on 26th May, 1938 by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. It became a Public Ltd. Company in December 1939 and later the name was changed to Dena Bank Ltd.

Dena Bank, in July 1969 along with 13 other major banks was nationalized and is now a Public Sector Bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970.

Under the provisions of the Banking Regulations Act 1949, in addition to the business of banking, the Bank can undertake other business as specified in Section 6 of the Banking Regulations Act, 1949.

The logo of Dena Bank represents Lakshmi, the Goddess of wealth, according to Hindu mythology. It was the desire of the founding fathers of the Bank that the Bank should be a symbol of prosperity for all its clients, and the logo represents this promise. The contemporary 'D' in the logo reflects the dynamism, dedication and the drive towards customer satisfaction.




  • A wide range of Products
  • Smart loans on easy terms and attractive interest rates
  • Loans for all categories of individuals designed to suit every pocket and to fulfil every financial need.
  • Personalised attention and Speedy processing.




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


  • Upto Rs. 50,000/- for purchase of a new two wheeler.
  • Upto Rs. 8 lakhs for purchase of a new car.

Margin

20%

Rate of Interest


Dena Auto Finance Scheme NEW Rate of Interest with BPLR = 13.00%

Repayable in 3 years

11.75%

Repayable more than 3 years

12.00%

For Old Cars (repayable in 3 yrs)

13.00%


  • 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

  • Four wheelers- Rs. 500/-

Repayment

Upto 60 EMIs



  • A wide range of Products
  • Smart loans on easy terms and attractive interest rates
  • Loans for all categories of individuals designed to suit every pocket and to fulfil every financial need.
  • Personalised attention and Speedy processing.




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


  • Upto Rs. 50,000/- for purchase of a new two wheeler.
  • Upto Rs. 8 lakhs for purchase of a new car.

Margin

20%

Rate of Interest


Dena Auto Finance Scheme NEW Rate of Interest with BPLR = 13.00%

Repayable in 3 years

11.75%

Repayable more than 3 years

12.00%

For Old Cars (repayable in 3 yrs)

13%


  • 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

  • Four wheelers- Rs. 500/-

Repayment

Upto 60 EMIs





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