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Dena Bank waives 100pc home loan process fee

Posted on Oct 19, 11:26PM | IBNS

Dena Bank, under its festive offer, has waived process fee by 100pc for housing loans and car loans and 50pc for Personal Loans and Gold Loan.

Dena Bank has also extended 50pc concession in process fee for its Dena Trade Finance Scheme under which credit facilities upto Rs. 2 crore are extended within the eligibility criteria of the scheme and Dena Doctor+ scheme under which credit facilities upto Rs. 2 crore are extended to Doctors within the eligibility criteria of the scheme for setting up clinic and purchasing medical equipments.

The offer is valid upto Oct 31.

Dena Bank has already reduced rate of interest in respect of housing loans, car loans, educational loans and personal loans with effect from Sept 4.

At present, the rate of interest for housing loans range between 10.45 to 11pc , car loans ranges from 11pc to 12pc , education loans at 12pc and personal loans ranges from 13pc to 14pc .

Dena Bank was founded on May 26, 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 is amongst the first nationalised banks to enter equity market in November 1996.