A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 1 Dena Bank Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    8.25% - 8.35% Floating
    0.5%
    20Crs Max
    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 46 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    Dena Bank Home Loan

    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 30 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 24 Oct 2017

    Dena Bank Home Loan Details
    Interest Rate 8.25% to 8.35%
    Processing Fees 0.5% of Loan Amount
    Loan Tenure 1 Year to 30 years
    Pre-closure Charges Nil
    Partial pre-payment Charges Nil

     

    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:

    Home Loan amount Rate of Interest
    Upto 25 Lakhs 8.60 %
    Above 25 Lakhs to 75 Lakhs 8.65 %
    Above 75 Lakhs 8.80 %

    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.

    News About Dena Bank Home Loan

    • Dena Bank decreases interest rates associated with home loans

      Dena Bank has reduced the rates of interest associated with home loans by 5 basis points. This is applicable for all the loans ranging between Rs.30 lakh and Rs.75 lakh. State Bank of India also lowered the rates of interest for its home loans by 10 basis points. This was done for all the loans that are above Rs.75 lakh. The decrease in the rates of interest follows a risk weight reduction by the Reserve Bank of India. In case of loans up to Rs.75 lakh the interest rate stands at 8.60% per annum. This interest rate is the marginal cost of funds based lending rate. In case of loan amounts, more than Rs.75 lakh, the rate of interest stands at 8.70% or MCLR + 0.10 basis points.

      Reserve Bank of India, in the second monetary policy review (by monthly) reduced the loan-to-value ratios, standard asset provision rate and risk weights. The Central Bank brought down the risk weight from 75% to 50% for housing loans that are more than Rs.75 lakh. CREDAI stated that Reserve Bank of India’s decision of lowering the risk weightage on the home loans will surely give a boost to the housing demand and also add to the growth of real estate sector.

      16th June, 2017

    Dena Bank Home Loan Reviews

    • Dena Bank Home Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      My home loan was very hassle free, Dena bank have collected KYC documents and property documents and disbursed the amount within a week. Dena Bank have sanctioned th amount of Rs. 35 lakhs in that Rs.4.97 lakhs got disbursed total tenure would be 30 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 20, 2017
    • Dena Bank Home Loan
      "excellent service"
      0.5 4.0/5 "Great!"
      I got some issue with my documentation part they said my documents were not applicable for processing the loan ,representatives and customer service is helpful ,I can say their service is very good ,I never had any issue with the service of DENA bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 07, 2017
    • Dena Bank Home Loan
      "good service"
      0.5 3.0/5 "Satisfactory"
      I have approached DENA bank for my home loan . The rate of interest was 8.35% which is very good so I would like to recommend to others. They have rejected my application since I had an issue with my property. My overall experience was good and The customer service was also good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 07, 2017
    • Dena Bank Home Loan
      "Good response"
      0.5 4.0/5 "Great!"
      Service with DENA Bank is very good. They responded on time. I had some issues on my new flat so I have requested for some time to get things sorted. They didn't give me any figure for the rate of interest, executive said after applying for a loan only they can calculate and let me know.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 06, 2017
    • Dena Bank Home Loan
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      Service is very good from DENA bank for my home loan service ,also the rate of interest they offer was also comfortable and low compare to others in the market . Representatives was also very helpful and responsible and helped me during the documentation ,overall I can say it was a excellent service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 05, 2017
    • Dena Bank Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for home loan from Dena Bank, My loan application got closed because the customer service was not good, they were not polite when they called me. Actually I stay in a company provided house. I was planning to buy a new house so i applied for home loan. I was not satisfied with the customer service but I am satisfied with rate of interest which is 8.55% per annum.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 05, 2017
    • Dena Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my home loan with DENA bank. Their customer service and responses was very good but I have postponed the plan and cancelled the request. My overall experience was good and I have no idea about the rate of interest so I cant rate them on it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 05, 2017
    • Dena Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my home loan with DENA BANK. I have no Idea about the rate of interest because I have cancelled my application due to my personal reason. The customer service and responses was up to the mark My overall experience was good so I would like to recommend to others also.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 04, 2017
    • Dena Bank Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Due to my personal reasons I did not go ahead with Dena Bank for the home loan actually I am planning to take the business loan. The bank was quick in response and they informed me all the details. If I had an idea of taking the home loan it would have been near by 30 lakhs
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 04, 2017
    • Dena Bank Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Dena Bank has been very responsive after I registered my details for a home loan. The customer services has been really good and supportive. I could not go ahead for the loan as I postponed my plans for some months I have not finalized the property yet. They also had a good deal on the interest rate and charges
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 29, 2017
    • Dena Bank Home Loan
      "Not good"
      0.5 1.0/5 "Really Bad"
      It was a not a good service over all . The DENA Bank did not contact me in a proper way and neither they delivered me the proper information required for loan process . I only received one call from the bank side . They gave a good rate of interest of 8.5% and also the processing fee was minimal .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Sep 26, 2017
    • Dena Bank Home Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was a very good service from DENA BANK, I just enquired about the loan process it was an very helpful response from DENA bank representatives. Customer support was polite in answering if I have any queries they very helpful ,so overall I can say it was a fantastic service from DENA bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 24, 2017
    • Dena Bank Home Loan
      "It Was Good"
      0.5 4.5/5 "Excellent!"
      The service which i received from DENA BANK for my home loan process of mine was good . i received calls from the bank executive and they delivered the information in detailed matter. the kept the loan process on hold due to some personal reason that i am facing within 3 months i will be opting for the same process .
      Was this review helpful? 0
      , pune
      Reviewed on Sep 20, 2017
    • Dena Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was an fantastic service from DENA bank from the date I applied for my loan I got my first call from them . Even the rate of interest was also comfortable for me. I have analyzed many bank services but DENA bank service was fast and responsible than others ,very much informative even their representatives are good when it comes to work.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 07, 2017
    • Dena Bank Home Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      Good service from DEENA BANK .Everything was fine with DEENA bank service representatives were always responsible in helping me during my loan process,interest rate was also fine for me .Overall its really good service from DEENA BANK .
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 06, 2017
    • Dena Bank Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Service is good from DENA bank ,representatives and customer service was also helpful during my loan process. I have also suggested by buiders as they have a very fast process .Even the rate of intrest rate was also fine and I am very much comfortable with that.
      Was this review helpful? 0
      , vadodara
      Reviewed on Sep 05, 2017
    • Dena Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My IT got filed in the day when I have applied for the home loan with Dena bank, so that was the reason Dena bank didn't approve my home loan application. The customer service and the response part with Dena bank was good. The rate of interest is nominal with Dena bank. The service provided by Dena bank was average.
      Was this review helpful? 2
      , chennai
      Reviewed on Jul 07, 2017
    • Dena Bank Home Loan
      "Response is good"
      0.5 5.0/5 "Blown Away!"
      Due to my personal reasons I did not go ahead with Dena Bank for the home loan. The bank was quick in response and they informed me all the details. I guess they were higher than other banks on the rate of interest. The interest rate was around 8.65%. Where as my sister got a deal at her Axis bank account for around 7%.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 17, 2017
    • Dena Bank Home Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Dena Bank has been very responsive after I registered my details for a home loan. The customer services has been really good and supportive. I could not go ahead for the loan as I postponed my plans for the next two months. They also had a good deal on the interest rate and charges.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2017
    • Dena Bank Home Loan
      "Better Response"
      0.5 2.0/5 "Expected more"
      Through third party service I received a call from Dena bank for the housing loan. I had discussed with them in regards to the housing loan. But I could not get information from them whether they can process the loan or not. But I received an immediate call from Dena bank but their services are not satisfactory hence I closed my application without processing.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 12, 2017
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