RATE OF INTEREST ON RETAIL LENDING PRODUCTS ON MCLR

Sr
Name of the Scheme Interest Rate with MCLR (8.60% w. e. f. 01.04.2017)
no.
Two Wheelers New
* Repayable up to 3 Years
MCLR + 2.75 = 11.35% (Floating)

* Repayable above 3 Years

MCLR + 2.75+ 0.50 (TP) = 11.85% (Floating)
1 Dena Vehicle Loan Scheme :
Four Wheelers: New
Repayable up to 7 Years
MCLR + 0.50 = 9.10% (Floating)
MCLR + 0.40 = 9.00% (Floating) (women)
Old Vehicle ( Max.3 Years)
MCLR + 2.50 = 11.10% (Floating)
Floating Rate of Interest
Up to Rs.25.00 lacs
MCLR = 8.60% (Floating)
Rs.25.00 lakh to Rs.75 lacs
MCLR + 0.05% = 8.65% (Floating)
Above Rs.75 Lacs
MCLR + 0.20 = 8.80% (Floating)
Dena Niwas Housing Finance :
( w. e. f. 04.01.2017
2 *Fixed Rate of Interest (To be reset at the end of every 3 years)
Cir. No. 340/12/2016-17)
· Limit up to Rs. 25.00Lacs
11.25% (Fixed)
· Limit Rs. 25.00 to 30 Lacs
11.25% (Fixed)
· Limit above Rs.30 Lacs
11.75% (Fixed)

Where Dena Bank is tenant :

Repayable in 3 Years
MCLR + 3 %= 11.60%
Repayable more than 3 Years
MCLR + 2.75 + 0.50 (TP)= 11.85%
3 Dena Rent
Where Dena Bank is not tenant :
Repayable in 3 Years
MCLR + 3 %= 11.60%
Repayable more than 3 Years
MCLR + 2.75 + 0.50 (TP)= 11.85%

Term Loan –
MCLR + 1.20+ 0.50(TP)= 10.30%
Dena Loan Against Property : Overdraft
4 MCLR + 1.70 %= 10.30%
 CCH and term loan repayable in 36 months
5 MCLR + 1.50 %= 10.10%
Dena Trade Finance :
Term Loan repayable above 3 years
MCLR + 1.50 + 0.50(TP) %= 10.60%
Tie-up under Corporate Salary Scheme
Fixed rate 13%
Dena Suvidha :
In all other cases
6 Fixed rate 14%
7 Dena Senior Citizen Pensioners : MCLR + 3.25 %= 11.85%
CC Hypothecation
MCLR + 2 %= 10.60%
TL : Repayable up to 3 Years
Dena Doctor +
MCLR + 1.50 %= 10.10%
TL: Repayable in more than 3 Years
8 MCLR + 1.50 + 0.50(TP)= 10.60%
Up to Rs. 3 Lac
12% (Fixed)
Dena Gold Loan :
Above Rs. 3Lacs & up to Rs.100Lacs
9 MCLR +3.3=11.90 (Floating)
Student Admitted in Bank’s approved Ed Institutions
MCLR = 8.60%

Student Admitted in A rated Ed Institutions :

Dena Vidyalaxmi Education Loan
MCLR +1.05 + 0.50 (TP) =10.15%
Scheme:
10
Student Admitted in other Ed Institutions :
MCLR +1.05 + 0.50 (TP) =10.15%

Repayable within 3 years

Skill Loan Rate of Interest :
MCLR + 1.55 = 10.15%
Repayable above 3 years
MCLR + 1.05 + 0.50 (TP) =10.15%
For Loans repayable in more than 3 years
Dena Professionals Loan Scheme for
11 MCLR + 1.50 = 10.10%
C.A., C.S. & Chartered Financial
For Loans repayable in more than 3 years
Analyst.
MCLR + 1.50 + 0.50 (TP) = 10.60%

For Working Capital Limits

MCLR + 1.50 = 10.10%
Note For Women borrowers, 0.25% concession in Rate of Interest.

12 Dena Consumer Durable Tie-up under Corporate Salary Scheme Fixed rate 13%
In all other cases fixed rate 14%

 The above rates are subject to revision from time to time without notice.
 All loans are to be linked to one year MCLR.
 Interest rate reset date has to be specified at the time of sanction. Interest rate to be reset on
reset date.