Mar 9

Dombivli Nagari Sahakari Bank Personal Loan

Purpose of DNS Bank Personal Loans

DNS Bank extends four types of personal loans as listed below:

Utsav Loan Scheme: The purpose of Utsav Loan Scheme is to extend finance for the purchase of refrigerators, televisions and two-wheelers besides any other durable items
Suvidha Loan Scheme: The purpose of Suvidha Loan Scheme is to provide finance for repayment of debts, tourism, medical expenses and any other purpose which receives approval from DNS Bank
Mortgage Loan Scheme: The purpose of mortgage loan scheme is to extend finance for the purchase of any durable articles, education, business and medical expenses among others
Advances against Shares: The purpose of advances against shares is to provide finance to meet any kind of personal requirements and contingencies

DNS Bank offers personal loans to the following:

Utsav Loan Scheme: Salaried individuals and self-professionals
Suvidha Loan Scheme: Eligible individuals
Mortgage Loan Scheme: Eligible individuals
Advances against shares: Individuals (single or joint name), companies’ demat shares

The features and benefits of DNS Bank personal loans are listed in the table below:

Name of the loan scheme	Maximum Loan Amount	Repayment Period	Margin	Guarantors	Security
Utsav Loan Scheme	Rs.1 lakh	36 months	Nil- up to Rs.5000 10% – above Rs.5000	Two	Hypothecation of article/item bought by customer
Suvidha Loan Scheme	Rs.5 lakhs	60 months	–	Two	Borrowers should take group insurance equal to the loan amount
Mortgage Loan Scheme	Depends on a case-to case basis	84 months	50% of value of commercial property; 40% of value of residential flat	Two	Property should be mortgaged
Advances against shares	Rs.5 lakhs	12 months	50 % of market value (average of high + low of 52 weeks)	Not required	Shares

DNS Bank gives loans for a wide variety of purposes from consumer durable items and medical expenses to education needs and repayment of old debts. The four different types of loan schemes, therefore, cover any possible financial requirement which may arise in the life of an individual.
The repayment period ranges from a minimum of 12 months to a maximum of 60 months based on the type of loan taken by a customer.
Customers who have specific business needs can avail of mortgage loan scheme and advances against shares which provided the required finance