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  • DNS Bank Personal Loan

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  • Dombivli Nagari Sahakari (DNS) Bank offers personal loans at an attractive interest rate that come with a maximum repayment tenure of 5 years.

    • Loan amount of up to Rs.5 lakh
    • Quick and hassle-free loan approval process
    • Repayment tenure of up to 5 years
    • Choice between 2 types of personal loan schemes
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    Features and Benefits

    • Customers can avail a personal loan of up to Rs.5 lakh.  
    • Minimum documentation required.  
    • The repayment tenure is up to 5 years.  
    • Avail loans to clear debts, purchase consumable items, fund a holiday, etc.  
    • Offered at attractive interest rates.  
    • Quick loan approval and disbursement process. 

    Personal loan schemes offered by Dombivili Nagari Sahakari Bank 

    (i) Utsav Loan Scheme 

    Interest Rate  Loan Amount  Processing Fees 
    11.95% for general and for women applicants  Up to Rs.1 lakh  1% of the loan amount availed with the minimum loan amount being Rs.500 

    (ii) Suvidha Loan Scheme 

    Interest Rate  Loan Amount  Processing Fees 
    11.95% for general and for women applicants  Up to Rs.5 lakh  Based on the terms and conditions as set by DNS Bank 

    Documents required

    Listed below are the documents that applicants need to submit for a personal loan:  

    • Proof of address – Passport, Aadhaar card, Ration Card, etc.  
    • Proof of age – Birth Certificate, Passport, Aadhaar Card, etc.  
    • Proof of identity – Passport, Aadhaar Card, Voter ID card, etc.  
    • Bank statements.  
    • Proof of IT returns of the last 2 years.  
    • Passport-size photographs.  

    Eligibility criteria

    Listed below are the eligibility criteria to apply for a loan from DNS Bank:  

    • To apply for the Utsav Loan Scheme, the applicant should be a salaried individual or a self-employed professional.  
    • Should be a resident of India.  
    Age  As per the terms and conditions set by DNS Bank 
    Employment Status  Salaried individual or self-employed individual 
    Citizenship  Resident citizen of India 
    Minimum Net Salary  As per the terms and conditions set by DNS Bank 

    How the EMI calculation for DNS Bank personal loan work? 

    Let’s assume that Mr. Rojer availed a personal loan of Rs.50,000 at an interest rate of 10% p.a. from DNS Bank for a tenure of 1 year. The processing fee is 1% of the loan amount availed by the customer.

    Year  Principal Paid(A)  Interest Paid(B)  Total Payment (A+B)  Outstanding Loan Balance 
    2019  37,028  2,534  39,562  12,971 
    Apr  3,979  417  4,396  46,021 
    May  4,012  384  4,396  42,009 
    Jun  4,046  350  4,396  37,963 
    July  4,079  316  4,395  33,883 
    Aug  4,113  282  4,395  29,770 
    Sep  4,148  248  4,396  25,622 
    Oct  4,182  214  4,396  21,440 
    Nov  4,217  179  4,396  17,223 
    Dec  4,252  144  4,396  12,971 
    2020  12,970  216  13,186 
    Jan  4,288  108  4,396  8,683 
    Feb  4,323  72  4,395  4,359 
    Mar  4,359  36  4,395 

    For the repayment tenure of 12 months, and with the addition of the processing fee, interest rate over the principal loan amount, Mr. Rojer will have to pay an EMI (Equated monthly installment) amount of Rs.4,395.  

    Compare DNS Bank personal loan with loans from  others lenders 

    Particulars  DNS Bank Utsav Personal loan   HSBC Bank Personal Loan  Citibank Personal Loan  SBI Personal Loan 
    Interest rate  11.95% p.a.  10.99% p.a. to 17.84% p.a.  10.99% p.a. to 18.00% p.a.  12.00% p.a. onwards 
    Processing fee  1% of the loan amount for minimum loan amount of Rs.500  Up to 1% of the loan amount  2.00% to 3.00% of the loan amount  1% of the loan amount + applicable GST 
    Foreclosure charges  Based on the terms and conditions set by DNS Bank  Up to 3.75% of the outstanding principal amount  As per the terms and conditions of the bank  3% of the outstanding loan amount 

    FAQs 

    Will I receive the loan amount in cash or cheque?

    No, you will receive the loan amount in the bank account that you have mentioned in your personal loan application form.

    Do I need a guarantor to apply for a DNS Bank personal loan?

    For both the Utsav Loan Scheme and the Suvidha Loan scheme, the personal loan applicant has to submit details of 2 guarantors.  

    Is it possible to close the personal loan before the set repayment tenure?

    Yes, you can pre-pay the personal loan, but the foreclosure charges will be based on the terms and conditions as set by the bank.  

    Where can I apply for a personal loan from DNS Bank?

    You can apply for a personal loan at the nearest branch of DNS Bank or at the DNS bank branch you hold an account with.   

    Do I need to give security or collateral to avail a personal loan from DNS Bank?

    In the case of the Utsav loan scheme, the applicant has to provide hypothecation of the article purchase as security and for the Suvidha loan scheme, the applicant has to submit Group Insurance in his/her name and of the co-borrower as security. 

        

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    Dombivli Nagari Sahakari Bank Personal Loan Reviews

    • review Personal Loan
      "Excellent Service"
      0.5 3.0/5 "Satisfactory"
      I had applied for personal loan with DOMBIVLI NAGARI SAHAKARI BANK, they just took around 1 week of time to disburse my personal loan. They had done the verification process in a very good way. DNS rate of interest and the other charges are very low, when compared with other banks.
      Was this review helpful? 3
      , mumbai
      Reviewed on Apr 27, 2017
    • review
      review Personal Loan
      "Excellent experience and hassle free"
      0.5 5.0/5 "Blown Away!"
      I have recently taken a personal loan from Dombivli Nagari Sahakari Bank. They offered me a competitive rate of 12.1% and with no processing fee. The processing and documentation was very smooth and easy. The loan was disbursed to my account in about 8 to 9 days which was very convenient.
      Was this review helpful? 2
      , mumbai
      Reviewed on Apr 06, 2016
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