Dena Bank home loan interest rate starts from 8.70% p.a., with loan tenure of up to 30 years and offers loan amount of up to Rs.10 crore. Dena Bank, now part of Bank of Baroda, charges processing fees in the range from as low as 0.25% of the loan amount. You can avail housing loan from Dena Bank of up to Rs.10 crore depending upon your eligibility criteria. Dena Bank levies zero prepayment charges for a floating rate of home loans. One of the primary features of Dena Bank home loans is that you can choose to avail a home top-up loan for up to five times during the loan tenure.
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.
At least 18 years old
Less than 70 years old
Salaried / Self-employed
with regular income
Earn more than the minimum
EMI limited to about 50%
of monthly income
Loan capped @ 80% of property value
EMIs of other loans lower
Make your spouse a co-applicant,
and her income will add
to your eligibility
Choose longer tenure loan up to 30 years
Alternatively add your parents
- Last 3 months salary-slips
- Form 16 or Income Tax Returns
- 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
|Interest Rate||8.25% to 8.35%|
|Processing Fees||0.5% of Loan Amount|
|Loan Tenure||1 Year to 30 years|
|Partial pre-payment Charges||Nil|
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.
Dena Bank home loan can be used for the purchase of a plot, home construction or purchase of an under construction/readily built house.
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.
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 offers attractive rate of interest on floating home loans ranging from 8.25% - 8.35%. These interest rates can be availed on all loan tenures up to a maximum of 30 years.
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 w.e.f 1st November 2017 is as under.
The MCLR Rates set by Dena Bank are as follows:
|Loan Tenor||MCLR Rate|
Given below are the eligibility conditions for availing a Dena Bank Home Loan.
The following documents must be submitted by the applicant to complete the loan application process.
Proof of Address and Identity:
Proof of Income:
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.
Dena Bank charges a processing fee of 0.50% of the sanctioned limit.
Yes, the security for Dena Bank home loans will be simple equitable mortgage of flat/house for which the loan is availed.
No, you will not incur any prepayment penalty upon foreclosure of home loan.
Yes, you can avail Dena Bank Home Loans to purchase home up to 50 years old.
Yes, the income of spouse or co-applicant can be included to increase the home loan eligibility.
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