Dena Bank Two Wheeler Loan Key Features
| Dena Bank Two Wheeler Loan Interest Rate | 11.83%* per annum |
| Min Loan Amount | ₹ 10,000 |
| Max Loan Amount (Loan to Value) |
Loan up to 90% of On Road Price or 100% of Ex-showroom Price |
| Loan Tenure | 1 year to 4 years |
| Lowest EMI / Lac | ₹ 2,625 |
| Minimum Net Monthly Income | Salaried – ₹ 7,000, Self Employed – ₹ 6,000 |
| Age Criteria | 21 years to 65 years(At Loan Maturity) |
| Types of Vehicle | For All New Two-Wheelers (Bikes, Superbikes, etc.) |
| Processing Fee | Up to 3% of the Loan Amount. |
| Foreclosure Charges | 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months) |
| Basic Documentation | ID Proof, Address Proof, Bank Statement |
About Dena Bank Two Wheeler Loan
Dena Bank Two Wheeler Loan is becoming a popular and reliable choice among individuals looking to fulfil their desire to buy a new two-wheeler with financial assistance. Dena Bank aims to provide maximum opportunity to the customers by offering them Two Wheeler Loan at Lower Interest Rates & Affordable EMIs.
Advantages of Dena Bank Two Wheeler Loan
- The process gets completed within no time and with ease.
- The loan amount is disbursed immediately.
- Fulfil your wants by getting the Bike you dream of.
- An attractive two-wheeler loan interest rate is offered.
- Easy Repayment and Prepayment process.
Dena Bank Two Wheeler Loan Eligibility
The biggest factor deciding whether the customer is eligible for the Dena Bank two-wheeler loan is their ability to repay the loan amount. The following are some of the major criteria:
- The applicant needs to be of at least 21 years of age and a maximum of 65 years of age to apply for the loan.
- Applicants having an average monthly income of Rs 7000 (for salaried) and Rs 6000 (for self-employed) are eligible for the Dena Bank two Wheeler loan.
- CIBIL Score of an individual has a direct impact on his two-wheeler loan eligibility. If you have a low CIBIL score, then the chances of approval for the loan are not good.
Dena Bank Two Wheeler Loan Interest Rate, Fees and Charges
| Interest Rate | Starts at 11.83% p.a. |
| Processing Fee | Up to 3% of the loan amount (maximum) |
| Prepayment Charges | From 3% to 10% of the outstanding principal |
| Pre-payment charges | Within 4 to 6 months – 10% of principal outstanding Within 7 to 12 months – 6% of principal outstanding 13-24 months – 5% of principal outstanding Post 24 months – 3% of principal outstanding Prepayment is not allowed within three months of EMI repayment |
Dena Bank Two Wheeler Loan Documents Required
1. Salaried Individual
| Category | Documents Required |
| Identity Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Address Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Compulsory Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
2. Self-Employed Individual
| Category | Documents Required |
| Identity Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Address Proof(Any 1) | Driving Licence Aadhaar Card Passport Voter ID |
| Required Documents | PAN Card |
| Bank Statement | Bank statement of last 3 months |
Compare Bike Loan Interest Rates of Dena Bank with other banks
|
Bank |
Two Wheeler Loan Interest Rates* |
Lowest EMI Per ₹ 10 Thousand For Max Tenure |
|
Dena Bank |
11.50% |
₹ 200 for 5 years |
|
SBI |
16.05% |
₹ 352 for 3 years |
|
HDFC Bank |
9.10% |
₹ 249 for 4 years |
|
Axis Bank |
10.85% |
₹ 217 for 5 years |
|
Bajaj Auto Finance |
13.26% |
₹ 338 for 3 years |
|
IndusInd Bank |
21.00% |
₹ 377 for 3 years |
Dena Bank Two Wheeler Loan EMI Calculator
The applicants are given the option to know about the Loan EMI’s before applying to Dena Bank Two Wheeler Loan. Thus, to easily check the EMIs, go through the link below:
Two Wheeler Loan EMI Calculator
Dena Bank Two Wheeler Loan Types
Dena Bank offers multiple options of loans to choose from to its customers, and customers can go for the option of their choice as per their requirements. Here are the following two options:
- Two Wheeler Loan – Anyone wanting to buy a two-wheeler and wishing to finance it can opt for Dena Bank. This loan is offered at an attractive interest rate of 12%.
- Super Bike Two Wheeler Loan – If you’re aiming to get a new Superbike and have a crunch for funds, this is the best loan option available for you at an attractive interest rate of 11.83%.
Dena Bank Two Wheeler Loan Pre Calculated EMI
| Rate | 4 yrs | 3 yrs | 2 yrs | 1 yr |
| 11.83% | 2625 | 3313 | 4699 | 8876 |
| 12.00% | 2633 | 3321 | 4707 | 8884 |
| 12.50% | 2658 | 3345 | 4730 | 8908 |
| 13.00% | 2682 | 3369 | 4754 | 8931 |
| 13.50% | 2707 | 3393 | 4777 | 8955 |
| 14.00% | 2732 | 3417 | 4801 | 8978 |
| 14.50% | 2757 | 3442 | 4824 | 9002 |
| 15.00% | 2783 | 3466 | 4848 | 9025 |
| 15.50% | 2808 | 3491 | 4872 | 9049 |
| 16.00% | 2834 | 3515 | 4896 | 9073 |
| 16.50% | 2859 | 3540 | 4920 | 9096 |
| 17.00% | 2885 | 3565 | 4944 | 9120 |
How to Apply for Dena Bank Two Wheeler Loan
To apply for a Dena Bank Two Wheeler Loan, visit Dialabank’s digital platform and then :
- Submit a basic Application Form with your details for Two Wheeler Loan.
- Please wait for some time to get a call from our Relationship Manager
- Get expert assistance from our managers and then choose from the most suitable offer based on your needs.
- Conquer the dream of buying your Two Wheeler.
Factors Affecting Two-wheeler Loan Application
Dena Bank is a bank based in India. Although two-wheeler loans are normally avoided, several conditions control the deal that applicants are offered:
- CIBIL score: One of the essential factors in deciding your interest rate is your credit score. For these loans, most creditors have a defined interest rate. You might be able to get a lower interest rate if you have good credit. If you have a bad credit score, you will almost certainly be charged a higher interest rate.
- Financial status today: You need to fulfil each lender’s one-month income criterion. Your loan will be less expensive if you make more money. This typically signifies that a significant portion of your debt will be erased. If you have a lesser income, you may be charged a higher interest rate.
- Your address at your workplace: The interest rate you’re given may be influenced by your job and the firm you work for. A reputable corporation may signify that you have consistent employment and income. As a result, lower interest rates may emerge.
- Employed vs self-employed: Depending on your work status, lenders may charge you a different interest rate.
- Your age: This has a significant impact on your rate of interest. If you’re nearing retirement, for example, your loan may cost you extra. This is because approaching retirement age normally means having a reduced ability to repay a debt.
- Relationship with a lender: If you already have a relationship with a lender, you could acquire a better interest rate. You can receive better loan conditions if you have a solid relationship with a bank.
Dena Bank Two Wheeler Loan for Top Selling Bikes
Other Available Products from Dena Bank
| Dena Bank Personal Loan | Dena Bank Gold Loan | Dena Bank Home Loan |
| Dena Bank Credit Card | Dena Bank Car Loan | Dena Bank Education Loan |
FAQs for Dena Bank Two Wheeler Loan
✅ What is Dena Bank Two Wheeler Loan?
Dena Bank Two Wheeler Loan is an attractive loan offer for customers looking to finance their Two Wheeler. Dena Bank provides customers with great benefits like high loan amounts, no prepayment charges, low-interest rates, etc.
✅ How can I get a Two Wheeler Loan from Dena Bank?
To avail of a Dena Bank Two Wheeler Loan, you need to visit the bank’s branch office with all legal documents or apply for the loan online at the bank’s website.
Else, you can always contact us at Dialabank for your queries, and we will assist you with every detail in the loan process.
✅ How does Dena Bank Two Wheeler Loan work?
Customers have to visit the Dena Bank website or branch office and apply for the loan from there. The application will be responded to within a day, the customer then will be asked to submit their documents, and soon their loan will be approved or rejected based on their profile. Documents required for the loan process are:
- Duly filled up and signed two-wheeler loan application form along with photographs.
- KYC (Know Your Customer) documents
- Proof of Identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card.
- Income Proof-Latest salary slip showing all deductions or Form 16 along with recent salary certificate (for salaried individuals)
- Income Proof- Income Tax Returns of 2 previous financial years (for other than salaried individuals)
✅ What is the Two Wheeler Loan interest rate in Dena Bank?
Dena Bank provides you with interest rates that can be easily managed. For example, for new two-wheelers with a repayment period of up to 3 years, the interest rate charged is 12.45%, and for two-wheeler loans with a repayment duration of more than 3 years, the rate of interest will be 12.70%.
✅ How to check the Two Wheeler Loan status in Dena Bank?
Customers can check their loan status through multiple options
- By visiting the Bank’s Branch Office.
- Checking the status on the Bank’s website
- Contacting customer care.
✅ How to calculate the Two Wheeler Loan interest in Dena Bank?
To calculate your interest rate for Dena Bank Two Wheeler Loan, visit the Dialabank website.
✅ What is the maximum loan amount I can avail myself of on Two Wheeler Loan from Dena Bank?
Dena Bank offers high loan amounts to its customers. Customers can avail of Two Wheeler Loans up to Rs 50 lakh to purchase the two-wheeler of their choice.
✅ What is the Loan tenure of Dena Bank Two Wheeler Loan?
Customers can avail of the loan for a minimum of 12 Months and can repay the loan in up to 60 Months.
✅ Can I get a 100% Two Wheeler Loan from Dena Bank?
Banks cannot finance 100% of the Two Wheeler’s on-road price. The applicants need to pay a certain amount; thus, the customers are expected to bear the price as low as 15% of the total amount in the purchase of new two-wheelers. The bank can cover the rest 85%.
✅ How much is the processing fee applicable to Dena Bank Two Wheeler Loan?
Dena Bank Charges a nominal processing fee for its Two Wheeler Loan. However, only 0.50% of the total loan amount is charged, and the charges start from a mere Rs 250 for Two Wheelers.
✅ What are the EMI options available on Dena Bank Two Wheeler Loan?
Dena Bank allows the customers to pay the EMIs in affordable instalments.
A maximum of 36 EMIs is allowed in the case of a Used Two-Wheeler Loan.
✅ What are the charges for Prepayment in Dena Bank Two Wheeler Loan?
Customers availing of Dena Bank Two Wheeler loan get instantly rid of any prepayment charges. If anyone wishes to prepay the loan amount before its due tenure, they do not have to pay anything towards loan prepayment charges.
✅ Can I get a top-up loan on my existing Dena Bank Two Wheeler Loan?
Yes, you can get a new loan on your existing Two wheeler loan. The EMIs will be calculated according to the total amount of both loans. You can also choose to keep the EMIs separate.
✅ Do I need to provide a guarantor to avail of a Two Wheeler Loan from Dena Bank?
No, a guarantor is not required for Dena Bank Two Wheeler Loan; only the vehicle for which the loan is being taken must be duly considered as security.
✅ How to get Dena Two Wheeler Loan Statement?
To get the loan statement, you can visit Dena Bank’s website or mobile application. You can also visit the nearest branch of the bank or can contact customer care.
✅ How to Pay Dena Bank Two Wheeler Loan Interest Online?
Customers can pay the interest rate online by visiting the bank’s website and through.
- Net Banking
- Debit Cards
✅ What if I can’t pay the interest on Dena Bank Two Wheeler Loan for 3 months?
If you cannot pay interest for 3 months, you have to opt for a moratorium.
✅ How can I apply for EMI Moratorium on Dena Bank Two Wheeler Loan?
Customers can request the moratorium by contacting the Bank through SMS or e-mail. You may also visit Dena Bank’s website and apply there.
✅ What is the number for Dena Bank Two Wheeler Loan agent?
To get expert assistance through trusted agents, you can contact Dialabank at 9878981166
✅ Can I close Dena Bank Two Wheeler Loan online?
You can close the Dena Two Wheeler Loan through:
- Internet Banking on the bank’s website
- On mobile application
✅ What is Dena Bank Two Wheeler Loan Customer Care Number?
Dial the toll-free number 1800 233 6427 for all your queries.
✅ How can I get NOC from Dena Bank for Two Wheeler Loan?
After the loan is closed and all the payments are made, the bank will issue a NOC sent to your registered email ID.
News for Dena Bank Two Wheeler Loan
2019-04-02:
Customers of Dena Bank and Vijaya Bank are now account holders of Bank of Baroda, which has risen to India’s third-largest bank as of April 1. Customers of all three banks will benefit from the merger, which will increase the number of branches, ATMs, and other services available to them. Economies of scale will improve as Bank of Baroda gains market share, and the company is likely to grow more lucrative.
2018-07-03:
As part of the public sector banking policy to hive off non-core assets, Dena Bank would sell 60,5 lakh shares in three firms, including SIDBI. In addition, the bank stated that it would float a quote application to purchase shareholdings from the National Securities Depository and the Small Industries Development Bank of India. NSDL E-Governance Infrastructure Ltd.
2017-08-21:
Dena Bank lowered the savings rate on deposits up to Rs. 25 lakh by 0.5 per cent on August 21. Dena Bank, a public sector lender, has reduced the interest rate on its savings account. On deposits of up to Rs. 25 lakh, the rates have been cut by 0.5 per cent to 3.50 per cent. The bank’s interest rate on deposits above Rs. 25 lakh has remained steady at 4% per year.
