Dena Loan Linked Recurring Deposit Scheme

Dena Loan Linked Recurring Deposit Scheme as the name suggests this scheme is basically a recurring deposit scheme, which enables and entitles the account holder to avail a loan facility.

Save in small amounts in fixed monthly instalments over a period of time and take a large advance. Loan is given o­n maturity of Recurring Deposit for the purpose of purchasing consumer durables. Maximum loan - 3 times the maturity proceeds of recurring deposit or Rs. 75,000/- whichever is less.