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

    Dena bank is a public sector bank with its headquarters in Mumbai, Maharashtra. Providing quality financial services to customers, the bank has grown noticeably over the last few years. Amongst other accomplishments, Dena bank was the first bank to introduce minor savings schemes and credit cards in the rural area known as "DENA KRISHI SAKH PATRA" (DKSP).

    Below Mentioned are Dena Bank Home Loan Rates offered By BankBazaar

    Rates and Charges Specification
    Interest Rate 8.25% to 8.35% (Floating)
    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 offers home loans at 8.25% - 8.35% in case of a floating rate of interest. With a nominal processing fee of 0.5% of the loan amount and a flexible tenure between 1 – 30 years, Dena Bank’s home loan is made accessible to large number of consumers. The bank also doesn’t charge for pre-closing or pre-paying the loan. And the icing on the cake for its consumers is that they don’t require a guarantor for approval of the loan.

    The loan limit is Rs.200 lakh and one can purchase a house that is up to 50 years old.

    Dena Bank’s Home Loan Can Be Availed for:

    • Purchasing a plot
    • Constructing a house
    • Purchasing a built up house
    • Purchasing an under-construction house
    • Extending your existing house
    • Repairs and upgradation

    Dena Bank Housing Loan Interest Rate

    Loan Amount Type of Interest Rate of Interest
    Up to Rs.75 lakh Floating MCLR+0.00 = 8.40%
    Above Rs.75 lakh Floating MCLR+0.10 = 8.50%
    Up to Rs.30 lakh Fixed – reset after every 3 years 11.25%
    Above Rs.30 lakh Fixed – reset after every 3 years 11.75%

    Dena Bank offers loans on both floating and fixed rates of interest. Under the floating rate of interest, the bank charges an interest of 8.40% for loans up to Rs.75 lakh. And, for loans above Rs.75 lakh, an interest of 8.50% will be levied.

    For loans under the fixed rate of interest, Dena bank charges you an interest of 11.25% for loans below Rs.30 lakh and 11.75% for loans above Rs.30 lakh. Under the fixed rate of interest scheme, the rate of interest will be rest after every three years.

    Margin Table for Dena Bank

    Loan Amount Margin*
    Up to Rs.20 lakh 10% of the cost of house or property
    Above Rs.20 lakh & up to Rs.75 lakh 20% of the cost of house or property
    Above Rs.75 lakh 25% of the cost of house or property

    *All margins exclude stamp duty, registration charges, etc.

    For loans up to Rs.20 lakh, the margin to be paid will be 10% of the cost of the house. For loans above Rs.20 lakh, up to Rs.75 lakh, the margin is 20%. And, for loans above Rs.75 lakh, the margin would be 25%. The margins will exclude the costs of stamp duty, registration, etc. that will have to be borne by the customer.

    Eligibility Criteria For Applying Dena Bank’s Home Loan

    • You are a major individual
    • You must have a regular source of income
    • You can either be resident or non-resident
    • The maturity period of the loan must be less than the retirement age if you’re a salaried employee
    • You must be below 65 years of age if you are self employed
    • The total deductions including loan instalment, etc. cannot be more that 60% of your Gross income

    Factors Affecting Dena Bank's Home Loan Interest Rates

    • Applicant’s Salary: The income of an applicant is one of the factors that determine the interest rate the customer has to incur. These are inversely proportional to each other. Higher the Income, lower the interest rate the applicant has to pay.
    • Amount of the Loan: The interest rate also depends on the loan amount. The higher the loan amount, the interest rate becomes higher as well.

    Tips to Reduce Dena Bank Home Loan Interest Rate

    • Shorter Tenure: The interest rate is affected by the tenure of the loan. The shorter the tenure, the lower the total interest paid. However, the EMIs paid will be higher.
    • Increase EMIs: Increasing the amount of EMI paid will not only reduce the overall interest paid, but will also enable you to pay off the loan faster.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Dena Bank Home Loan Interest Rates Reviews

    • Dena Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      It was quite good experience with Dena bank for housing loan,The loan amount which they have given to me was sufficient,i have applied for 8,20,000 as an loan amount,it was approved soon,the rate of interest they have charged me up to 13% which was very high ,because of too much interest rate i paid my housing loan within 2 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 01, 2019
    • Dena Bank Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was quite a good experience i had with this loan and the loan amount which they had provided has been sufficient as well. The interest rate with them has been nominal when compared with the market rate and there was no extra charges which they had made so far.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jan 21, 2019
    • Dena Bank Home Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My home loan application was good with DENA bank, the loan amount was for Rs 32 lakhs with rate of interest of 8.5% which is nominal rate in the market. The process was quick and i received my loan amount within 1 week. Customer service was good and the tenure period for this loan is 17 years.
      Was this review helpful? 4
      , ahmedabad
      Reviewed on May 17, 2018
    • Dena Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my home loan with DENA bank . The loan amount was 12 lakhs and the interest rate was 8% which was very high than other banks in the market . The EMI period was 30 years . The loan process was very easy and good. They have sanctioned the loan with the committed time.
      Was this review helpful? 3
      , mumbai
      Reviewed on Dec 12, 2017
    • Dena Bank Home Loan
      "Good One"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with DENA Bank for my home loan process . Actually at that time the property was decided but not it was finalized so they canceled it . The customer service was good from the bank side . All the required Information was given to me in a proper way .
      Was this review helpful? 0
      , pune
      Reviewed on Nov 28, 2017
    • Dena Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the home loan from Dena Bank, my loan application was closed because they were charging processing fees, initially they said there is no processing fees. So that is the reason i dropped the plan to get the home loan. Customer service was good and they responded on time, follow up was done correctly. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 24, 2017
    • Dena Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached DENA bank for my home loan. The rate of interest was 8-9% which was satisfactory but I could not proceed with the loan process due to the documents pending. The customer service and responses was up to the mark. I had a very good experience here so Its recommendable also.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 10, 2017
    • Dena Bank Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I got the loan from other bank so that was the reason I haven't got the from DENA bank . The rate of interest also high with Dena bank when compared with other banks. The customer support was average with Dena bank. The coordination was missing the immediate response was not given.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 02, 2017
    • Dena Bank Home Loan
      "Personal reason"
      0.5 5.0/5 "Blown Away!"
      The called me properly on a regular interval. Their communication was of top notch. I had changed my plan due to some personal reason, that's the reason I haven't gone with this Bank as of now. Overall experience with them has been good with them.
      Was this review helpful? 1
      , delhi
      Reviewed on Nov 02, 2017
    • 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? 1
      , 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? 1
      , 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? 3
      , 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? 1
      , 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? 1
      , ahmedabad
      Reviewed on Sep 26, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.