A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    Dena Bank Home Loan

    We found 2 Dena Bank Home Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.65% - 8.85% Floating
    0.5%
    20L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria
    11.25% - 11.75% Fixed
    0.5%
    20L - 10Crs
    1-30 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good To Know
    Eligibility Criteria

    Dena Bank Home Loan is Rated as "Great!" by 26 Users

    Home Loan BYTES FROM OUR KITCHEN

    Dena Bank is one of the earliest banks in India, headquartered in Mumbai. Dena Bank was founded o­n 26 May 1938, by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd. It is one of the nationalised banks of India. You can avail of Dena Niwas Home Loan to purchase a plot, construct a house, buy a ready built house or buy one under construction. The loan even helps you build an extension to your existing house or purchase a house that is up to 50 years old provided the remaining life of the house is more than 25 years.


     

    You’re probably eligible for an Dena Bank Home Loan if you are

    01
    02
    03
    04
    Dena Bank Home Loan Minimum Age

    At least 18 years old

     Dena Bank Home Loan Maximum Age

    Less than 70 years old

    Dena Bank Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    Dena Bank Home Loan Minimum Income

    Earn more than the minimum
    income required


     

    Your Dena Bank Home Loan amount eligibility is based on these factors

    01
    02
    03
    Dena Bank Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    Dena Bank Home Loan Maximum Loan to property value

    Loan capped @ 80% of property value

    Dena Bank Home Loan EMI

    EMIs of other loans lower
    your eligibility


     

    Increase your eligible Dena Bank Home Loan amount by these steps

    01
    02
    03
    Dena Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    Dena Bank Home Loan Maximum Tenure

    Choose longer tenure loan up to 25 years

    Dena Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


     

    Documentation needed to apply for an Dena Bank Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Processing fee cheque
    • 4. Last 6 months bank statements
    • 5. Documentation for salaried applicants:

      - Last 3 months salary-slips

      - Form 16 or Income Tax Returns

    • 6. Documentation for self-employed applicants:

      - Education qualification certificate & proof of business existence

      - Last 3 years Income Tax Returns with computation of Income

      - Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account


     

    Dena Bank Home Loan Interest RatesUpdated on 28 May 2017

    Dena Bank Home Loan Details
    Interest Rate 8.65% to 8.85% (Floating)
    11.25% to 11.75% (Fixed)
    Processing Fees 0.5% of Loan Amount
    Loan Tenure 1 Year to 30 years
    Pre-closure Charges Nil
    Partial pre-payment Charges Nil
    Guarantor Requirement No Guarantor Required

     

    Dena Bank Home Loan

    Tired of haggling with the homeowner and paying the rental advance? If you are dreaming about purchasing your own property, this might just be the right time to do it. With Dena Bank home loans, you need not be worried about the financial factor anymore!

    Dena Bank offers loans up to Rs.200 lakhs for the purchase of a plot, purchase of newly constructed house or resale property. Customers can also avail Dena Bank Home Loans for home renovation and extension.

    With an array of customer-centric benefits, Dena Bank home loans will duly assist the borrower to purchase a property of his dreams.

    Features and Benefits of Dena Bank Home Loan:

    The following benefits that come with Dena Bank home loans makes it one of the most popular products in the financial market.

    • Multipurpose Loan:

      Dena Bank home loan can be used for the purchase of a plot, home construction or purchase of an under construction/readily built house.

    • High Loan Quantum:

      Dena Bank offers home loan as high as Rs.200 lakhs for the purchase & construction of a house. Customers can avail up to Rs.10 lakhs for home renovation and up gradation.

    • Margin:

      Dena Bank has affordable home loan margins as described below.

    Loans up to Rs.20 lakhs

    10% of the property cost excluding stamp duty charges, registration costs etc

    Above Rs.20 lakh and up to Rs.75 lakh

    20% of the property cost excluding stamp duty charges, registration costs etc.

    Above Rs.75 lakhs

    25% of the property cost excluding stamp duty charges, registration costs etc.

    • Convenient Repayment Tenure:

    Dena Bank offers up to 25 years for repayment of loans availed for purchase or construction of a new house and extension. The tenure for loans availed for upgradation, renovation and repairs is up to 10 years.

    Dena Bank Home Loan Interest Rate:

    Dena Bank offers attractive rates of interest on both floating as well as fixed rate home loans. These interest rates can be availed on all loan tenures up to a maximum of 25 years.

    The home loan interest rates offered by Dena Bank for floating rate home loans are as follows:

    Loan Amount Rate of Interest
    Upto Rs 75 Lakhs 9.60%
    More Than Rs 75 Lakhs 9.85%

    The home loan interest rates offered by Dena Bank for fixed rate home loans are as follows:

    Loan Amount Rate of Interest (Fixed)
    Upto Rs 25 Lakhs 11.25%
    Rs 25 Lakhs to Rs 30 Lakhs 11.25%
    More Than Rs 30 Lakhs 11.75%

    Dena Bank MCLR Rates for Home Loans:

    Effective from April 1st 2016, Dena Bank revised its Marginal Cost of Funds Based Lending Rates (MCLR) in accordance with the latest guidelines set by the RBI. The new MCLR rates are applicable on all new loans approved by the bank from April 1st 2016.

    The MCLR Rates set by Dena Bank are as follows:

    Loan Tenor MCLR Rate
    Overnight 9.30%
    1 Month 9.40%
    3 Months 9.45%
    6 Months 9.50%
    1 Year 9.60%

    Eligibility: Who can apply for Dena Bank Home Loan?

    Given below are the eligibility conditions for availing a Dena Bank Home Loan.

    • The applicant must be a Indian resident or non-resident and above 18 years of age.
    • The applicant must have a regular source of income.
    • Upon maturity of the loan, the applicants’ age must be less than the age of retirement if he is salaried and below 65 years if the applicant is self-employed.
    • The total deductions of the loan EMI (including that of the proposed loan) should not exceed 60% of the gross income.

    Documentation for Dena Bank Home Loan:

    The following documents must be submitted by the applicant to complete the loan application process.

    Proof of Address and Identity:

    • Valid driving license
    • PAN card
    • Voter ID
    • Passport
    • Aadhaar Card

    Proof of Income:

    • PAN Card
    • Salary slips for the last 3 months
    • Bank statements for the last 6 months
    • Latest IT Returns and Form 16

    Miscellaneous Documents:

    • Employment contract or appointment letter
    • In case of any ongoing loans, last 6 months bank statements showing repayment
    • Duly filled application form with photographs and signature of all applicants
    • Copy of payment receipts from developer
    • Copy of buyer’s agreement and allotment letter as applicable.

    The documents required may vary depending on the borrower’s type of employment and source of income. Do enquire with Dena Bank for the complete list of documents required before proceeding with the loan application process.

    How to Apply for Dena Bank Home Loans on BankBazaar.com?

    You can apply for Dena Bank Home Loans on BankBazaar right from the comfort of your home. Just follow the easy steps detailed below to apply for a Dena Bank Home Loan through BankBazaar.

    • In the homepage of BankBazaar.com, select “Home Loans” under the “Loans” option on the top pane.
    • You will be directed to page where you can get custom quote or an instant quote. You can also read all there is about Home Loans using the “Hungry for More?” option.
    • Select “Get a quote” option to receive an instant home loan quote. All you have to do is answer an easy questionnaire about details of your property, your employment type, property cost and your age.
    • A list of all home loans for which you are eligible for will be displayed. Choose “Dena Bank Home Loans”. To apply, you have to fill in a preliminary application form and provide your contact details.
    • The application will be forwarded to Dena Bank for further processing. A representative from Dena Bank will contact you regarding the same, Also, you have the option to check the status of your application through SMS and email notifications.

    Dena Bank Home Loan FAQ

    1. What is the processing fee for Dena Bank home loans?

      Dena Bank charges a processing fee of 0.50% of the sanctioned limit.

    2. Do I have to produce any security for Dena Bank Home Loans?

      Yes, the security for Dena Bank home loans will be simple equitable mortgage of flat/house for which the loan is availed.

    3. Will I incur any prepayment charges if I decide to foreclose my loan?

      No, you will not incur any prepayment penalty upon foreclosure of home loan.

    4. Can I avail Dena Bank home loan to purchase a 10 year old property?

      Yes, you can avail Dena Bank Home Loans to purchase home up to 50 years old.

    5. Can I include my spouse’s income to increase the eligibility?

      Yes, the income of spouse or co-applicant can be included to increase the home loan eligibility.

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  • Dena Bank Home Loan Reviews

    • Dena Bank Home Loan
      "Response was good"
      0.5 4.0/5 "Great!"
      I have not taken the home loan with the Dena bank because I have postponed the plan to some extent. Rate of interest was fine for me and the response was also good Dena bank is very much friendly and their service was wonderful they have very prompt response and I have told them clearly that right now I am not interested in home loan.
      Was this review helpful? 0
      , gandhidham
      Reviewed on May 04, 2017
    • Dena Bank Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have not taken the home loan with the Dena bank because I have postponed the plan to some extent. Rate of interest was fine for me and the response was also good. I am having good relationship with the Dena bank and I will go ahead with them once I have finalized the property. Response is an excellent one with them.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Apr 25, 2017
    • Dena Bank Home Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have choose Dena bank to get the home loan because of their lesser rate of interest and it can be reduce till more. Processing charges were nominal one with them and the response was very fast. There are no issues with them till now
      Was this review helpful? 0
      , thane
      Reviewed on Apr 10, 2017
    • Dena Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had just made an inquiry with Dena Bank for housing loan. Interest rate is quite normal with them, which is 8.65% and they had provided a good response for my home loan application. I am quite happy with the way of their customer service. Overall it is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 31, 2017
    • Dena Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I had applied for a home loan with Dena Bank. But Dena bank would not process loans for that area I closed my home application. Apart from that, the customer service was good from Dena bank. They provided the required information and details.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 15, 2017
    • Dena Bank Home Loan
      "Can reduce the rate of interest"
      0.5 5.0/5 "Blown Away!"
      I have not finalized with the my quotation for my home loan, also the property is not yet finalized and that's the main reason, why I have not go ahead with the Dena bank for the home loan till now. Rate of interest is a bit high while compare with others and in future, I would like to go ahead with them in future.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 14, 2017
    • Dena Bank Home Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have not got the home loan with the Dena bank because of the bankers own decision. Rate of interest with the Dena bank for the home loan was also around 8.56% , which is same on every bank. In the mean time, I got the home loan from some other bankers.
      Was this review helpful? 0
      , chennai
      Reviewed on Mar 11, 2017
    • Dena Bank Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      For my finalized property, Dena bank was not okay to provide the funds, so only I have not taken the home loan with them. Interest rate was less only with them and I have not found any issues with them. In future, I would like to go ahead with them in future, if my property is listed with them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 11, 2017
    • Dena Bank Home Loan
      "Very high processing charges"
      0.5 4.0/5 "Great!"
      I did not go ahead with Dena bank as they were offering me a very high processing fee. They were charging me a fee of 35K, which is thrice the amount when compared to other banks. The rate of interest was normal. The bank also contacted me on time and informed me the details I needed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 05, 2017
    • Dena Bank Home Loan
      "Not Good And Not Acceptable"
      0.5 1.0/5 "Really Bad"
      When I had applied for a home loan with Dena bank, I received a call from a local manager. I had provided the required information to him, also, told him that I have a property owned in Hyderabad. After which, I had received a call from Hyderabad branch, again I provided the information over the phone. But till date, they had not shown any kind of interest on my home loan application and not even bothered about their customers. This is really not acceptable with the way they treat the customers. I strongly not recommend such an irresponsible bank to anyone. Definitely they should improve their customer service. Due to these reasons, . Though, I do not have any option to give 0 star, I would like to give a least rating to the bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 04, 2017
    • Dena Bank Home Loan
      "Terms & conditions not satisfactory"
      0.5 3.0/5 "Satisfactory"
      I did not go ahead with Dena bank for the home loan because, they are offering a rate of interest of 8.55% only for the first year and not for the whole tenure. So I went ahead with my existing bank and I had got a better deal. Parallel y, The services and response was also good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 27, 2017
    • Dena Bank Home Loan
      "Process is smooth"
      0.5 5.0/5 "Blown Away!"
      DENA bank housing loan process is fine, the rate of interest is 8.60% they had offered 52 lakhs after producing my ITR returns for the current financial year. I am holding a current account and Cash credit with the same bank based on which they were able to provide the loan to me.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 06, 2017
    • Dena Bank Home Loan
      "Easy loan processing"
      0.5 3.0/5 "Satisfactory"
      The main advantage of Dena Bank is that their home loan processing procedures are very simple and neat. They are taking a month time to disburse the loan amount and I am very glad about that. There is no intermediators between customer and bank, one can directly approach the bank and easily take up the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 12, 2015
    • Dena Bank Home Loan
      "As per its good bank "
      0.5 5.0/5 "Blown Away!"
      One of my friend has suggested me to avail my Home loan from DENA bank. This is the bank I approached and also got this loan from them. This bank is comparatively very good with other nationalized banks. When I was taking this loan there was some special offers was given to me.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 04, 2015
    • Dena Bank Home Loan
      "Home loan from Dena bank"
      0.5 0.5/5 "Unacceptable"
      I have taken a loan from dena bank in oct 2010. Every thing went on well so long. Aftet 5years i have a tough time with the bank. Suddenly they have changed the intrest rates without the courtesy to inform what is the current rate or even what is my emi. More than 3 mails and numerous visits to the bank but no response. Pathetic service. In conclusion do not go by the smiles of the manager, understand what is the basic policy of the bank as that normaly does not change over years. Especially nationalised banks.
      Was this review helpful? 1
      , goa
      Reviewed on Oct 24, 2015
    • Dena Bank Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I got the housing loan with the Dena bank.Its the rate of interest as around 10.5%.The services are really better with them.The relationship is really good with me and the bank.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 30, 2015
    • Dena Bank Home Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I got the housing loan with the Dena bank.Its the rate of interest as around 10.5%.The services are really better with them.The relationship is really good with me and the bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 26, 2015
    • Dena Bank Home Loan
      "Customer friendly bank!!!"
      0.5 4.0/5 "Great!"
      Dena bank is more customer friendly and charges are minimal for home loan thus I chosen them. Interest rate and tenure is good. In addition to that they have good EMI options. Rate should be around 11-12% and this is fixed for whole tenure. Online service of Dena bank is not much satisfactory where it is tough to create login ID but mobile banking is very good. Whenever I do visit the branch for any instance, getting wonderful customer service.
      Was this review helpful? 3
      , chennai
      Reviewed on Apr 13, 2015
    • Dena Bank Home Loan
      "Transparent!!"
      0.5 4.0/5 "Great!"
      I would say DENA bank is well versed nationalized bank where their policies, terms and conditions are quite transparent. Even their customer service team is far more better than nationalized banks in terms of friendly approach as well as the processing time. It is one of the most competitive rate provided.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 04, 2015
    • Dena Bank Home Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      Follow up was awesome from Dena bank and everything was proper. Dena bank is new generation bank so they are very good in all the aspects. Employees of Dena bank are very friendly and their service was wonderful. Per lakh I am paying Rs.1098 for EMI and the interest rate for home loan is around 10.25% which is less comparatively. Dena bank deducted around 6,000 to 10,000 for legal and for other formalities.
      Was this review helpful? 0
      , kochi
      Reviewed on Dec 16, 2014
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