Dena Vehicle Loan Scheme



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Take the smooth road to own your Dream Machine

Get on the right track with Dena Auto Loan and drive home your home machine.

Eligible  Income:

1. For Motor Cycle / Scooter : Minimum  Rs. 1.  Lac per annum
2. For Four Wheeler :
For Individual / Proprietary Firm : Minimum Rs. 2.50 Lacs per annum
For Partnership Firm / Company : Minimum Rs. 3 Lacs per annum

Loan Amount

•Upto Rs. 50 lakhs for purchase of a new two wheeler.

•Upto Rs. 200 lakhs for purchase of a new car.

Margin

For New Vehicles  : 15 % .
In case of Corporate Salary Arrangement, 10% of on road price for new car.
 In case of Old Car 20% (up to 3 year old).

Rate of Interest

Please Check out the Interest Rates Section to find latest Interest Rates applicable.

INTEREST CHARGED ON DAILY REDUCING BALANCE

NO PREPAYMENT CHARGES

Security

Hypothecation of the vehicle purchased.

Mode of disbursement

Loan disbursed directly to the authorized dealer.

Process Fees

•  Two wheeler- Rs. 250/- (Plus service tax as applicable from time to time)

•  For Car Loan: Rs 500/- irrespective of loan amount. (Plus service tax as applicable from time to time)

Repayment

Maximum up to 84 months for new vehicle.
2nd hand four-wheeler (up to 3 year old)- Maximum up to 36 months.

Application Form

For any query, Please contact : Email: rbd@denabank.co.in