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Interest Rate

11.5% Per Annum

Processing Fee

Rs. 575

Tenure Range

1-3 years

Fees & Charges:

  • Preclosure Fee - NIL


  • Nationality - Indian 
  • Age  - 18-70 years 
  • Min. income - Rs. 8 Lakhs Per Year 

Features & Benefits:

  • Enjoy no Prepayment charges
  • Benefit of hassle-free Cashless claim Facility 
  • Interest will be charged on the daily reducing balance
  • Loan will be disbursed to the authorized dealer
  • Minimal documentation

Address Proof:

Identity Proof:

  • Aadhaar Card/ Passport/ PAN Card/ Voter ID Card

Address Proof:

  • Aadhaar Card/ Passport/ Driving License/ electricity, phone bills

Income Proof:

  • Last 2 years IT returns 
  • Income computation certificates by CA for last 2 years 
  • Bank statement for last 6 months

Short Description:

Dena Bank Used Car Loan comes with the multiple benefits of zero prepayment charges, hassle-free cashless claim facility and direct loan disbursement facility to the authorized dealer.

Bank Description:

Dena Bank was established in July 1969 and emerged as one of the 13 other major banks which were nationalised under Banking Companies Act 1970. Focussing mainly on creating great financial services to the customers, Dena Bank provides facilities for multiple deposits, Loans, credits and debits cards. Dena Bank Used Car loan caters various benefits like direct dealing to the authorized dealers, less documentation works with zero prepayment charges.