Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
  •  Loading your search... Loading your search...
  • Dena Bank Rent Scheme (Finance Against Rent Receivables) is Rated as "Satisfactory" by 5 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Dena Bank Rent Scheme (Finance Against Rent Receivables)

    Dena Bank offers the Dena rent scheme against their property rent to earn more money against their receivable rent. Hence, the amount that this is calculated on is not on the rented property evaluation but the payments made by the tenant to the property.

    Eligibility for Dena Rent Scheme (Finance against Rent receivables)

    You are eligible for this loan as long as you are:

    • Indian citizen
    • Assuming that you are over 18 years of age, considering you own a property that is leased.
    • A landlord whether an individual, corporate, trust or somebody giving their property on rent to banks, FIs, PSUs or reputed companies.

    Features of Dena Rent Scheme (Finance against Rent receivables)

    Here are the basic features of this scheme from Dena Bank for accounting professionals:

    • Minimum Loan Amount is Rs. 1 lakh
    • Maximum loan amount can go up to Rs. 500 lakhs.
    • The margin is allowed at 10% of the current value of the net rentals.
    • Rate of Interest for Dena Rent Scheme (Finance against Rent receivables)

    For the latest Interest rates that are applicable can be checked at interest rates sections. Note that the interest is charged based on computation of the daily reducing balance.

    • Security is taken as the equitable mortgage of property.
    • No prepayment charges are applicable on this scheme.

    Financial Specifics Dena Rent Scheme (Finance against Rent receivables)

    Process fees are chargeable at 0.50% and repayment up to 120 EMIs or residual lease period is payable whichever is the lesser of the two.

    Dena Bank Rent Scheme (Finance Against Rent Receivables) Reviews

    • Dena Bank Personal Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I have approached for my home loan with DENA bank. Their interest rate was between 8-9% which is average in the market but I have taken with HDFC bank so cancelled the request here. The customer service and responses was up the mark. My overall experience was good.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 01, 2017
    • Dena Bank Personal Loan
      "High rate of interest"
      0.5 3.0/5 "Satisfactory"
      Comparing to other banks rate of interest its too high in DENA bank, I am getting 8.45% rate of interest from other banks from my profile. Service was good, but once they called me and informed me the rate of interest I dropped the plan because I am getting low rate of interest in other markets.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Aug 26, 2017
    • Dena Bank Personal Loan
      "Quick and fast service"
      0.5 5.0/5 "Blown Away!"
      When I choose the car loan through the financial channel, I never expected that the Dena bank will do the process so quick and fast. Immediately I got a call from Dena bank executives. The manager also spoke to me and explained the product in a brief. The documentation process was done in a smoother way, I just visited the branch just to do the signing part alone. Within 2 days of time , the loan got disbursed from Dena bank. The rate of interest is bit high, when compared with others. I am happy about the loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 17, 2017
    • Dena Bank Personal Loan
      "Least rate in the market"
      0.5 1.0/5 "Really Bad"
      First of all, the rate of interest offered by Dena bank was very high.They were asking for some surety or some sort of collateral security as the amount is huge. Therefore I switched over to HDFC also, the processing fee charged by DENA bank was 2% of the loan amount.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 12, 2016
    • Dena Bank Personal Loan
      "Best interest ...."
      0.5 1.0/5 "Really Bad"
      Dena bank is too good in terms of charges. They offered lower rate of interest when I compare to other banks. But the thing is they were very slow in terms of response. When I approached them for a personal loan they did not called me on time. They should speedup their process.
      Was this review helpful? 4
      , kolkata
      Reviewed on Jan 27, 2016
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.