Dena Bank, one of the leading public sector banks in India offers various products like deposits, loans, international banking, corporate banking, priority banking as well as products to cater the needs and requirements for small and medium enterprises. Here, we will discuss about Dena Bank’s Personal Loan which is named as Dena Suvidha Scheme.
Let us first understand why one might need to avail Personal Loan?
The name itself reflects that it’s a loan which is taken for personal use or purpose which can be higher education for children, for marriage, for travelling abroad, for medical emergencies and many more. The ultimate aim is not to disturb the liquid cash position to a great extent but to meet these expenses with a considerable amount of loan which can be repaid every month through an equated installment basis.
Features & Benefits of Dena Bank Suvidha Personal Loan
Dena Bank Suvidha Personal Loan has some exclusive features which are:
- Attractive interest rates with highest rate of loan approval: Dena Bank provides highly competitive interest rates on Personal loan.
- Trouble-free, effortless and easy documentation: With a very minimal and problem free documentation, Suvidha Personal loan of Dena Bank turns out to be very client responsive.
- Individuals can benefit from the convenience of door step service with respect to personal loan.
- Balance Transfer option at a lesser rate: The loan can be transferred to Dena bank at a much lower rate.
- Facility of Securities /Collaterals and Guarantors are available: One can avail the benefit of providing Securities /Collaterals and Guarantors as well as co applicants to strengthen his or her file.
- Loan period is as long as 3 years: One has the option to choose the tenor from 1 to 3 years to pay back the loan.
- Facility to foreclose the loan: The loan can be terminated before the maturity date with absolutely no prepayment charge.
- A minimum processing fee of 1% of loan amount is charged.