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    Dena Senior Citizen Pensioners Loan Scheme

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    13.00% - 14.00% Fixed
    1% One time fee
    15,000 - 1L
    1-3 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    Personal Loan BYTES FROM OUR KITCHEN

    Dena Senior Citizen Pensioners Loan Scheme

    Overview about Dena Senior Citizen Pensioners’ Loan Scheme

    The Dena Senior Citizen Pensioners’ Loan Scheme offered by Dena Bank is meant for those individuals who were employed under the Central, State and PSU entities, after their retired life if the need for financial expenditure arises this loan product will give them to opportunity to fund these financial requirements.

    Where is the purpose of Dena Senior Citizen Pensioners’ Loan Scheme offered by Dena Bank?

    This loan product is meant to meet the financial needs of pensioners, to meet various expenses and any personal needs.

    What is the eligibility criteria for Dena Senior Citizen Pensioners’ Loan Scheme offered by Dena Bank?

    The eligibility criteria to be met in order for Dena Bank to sanction the Dena Senior Citizen Pensioners’ Loan Scheme:

    1. The applicant should be a pensioner employed with the Central, State and PSU entities
    2. The applicant should be an ex-employee and drawing a pension
    3. After deducting the loan amount, from the monthly pension the pension amount remaining with the applicant should not be less than 60% of their pension.

    What is the maximum amount of loan I can avail?

    The loan amount ranges from Rs. 1, 50, 000 to Rs. 3, 00, 000 this again depends on the applicant and certain other factors as well.

    What is the rate of interest on Dena Senior Citizen Pensioners’ Loan Scheme offered by Dena Bank?

    The rate of interest chargeable under the Dena Senior Citizen Pensioners’ Loan Scheme is 12.95%

    What are the terms for Dena Senior Citizen Pensioners’ Loan Scheme offered by Dena Bank?

    The bank has few conditions and terms that need to be met:

    1. Spouse or nominee appointed for the pension account will need to be the guarantor for the applicant.
    2. Any other family member or third party also can be a guarantor for the applicant.
    3. There will be no security required.
    4. There is no processing fees chargeable under the loan scheme
    5. There is no prepayment fees chargeable under the loan scheme
    6. Interest will be charged in a reducing balance
    7. The repayment of the loan should be done within 36 months.

    How do I apply for this loan?

    You could download the forms from the website to apply for the application, and along with supporting documents can apply at the nearest Dena Bank branch.

    Can I apply for Dena Senior Citizen Pensioners’ Loan Scheme offered by Dena Bank online?

    The application form can be downloaded online, however you will need to visit the branch along with the duly filled form and supporting documents.

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