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  • Dena Bank Home Loan Interest Rates

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  • Dena Bank offers affordable housing loans at competitive interest rates with flexible loan repayment schemes to eligible customers. Learn more about the current home loan interest rates, processing fees and documentation required below.
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    8.65% p.a.
    ** Available in Floating Rate
    Loan Amount Rs.1 Lakh – Rs.10 Crore
    EMI Per Lakh Rs.780

    Dena Bank, one of the most well-known banks in the country, offers numerous home loan products to their customers. The Bank has merged with Bank of Baroda. Due to this merger, Dena Bank now offers Bank of Baroda’s home loan products. The home loans provided by the bank meet different needs of their large consumer base. The interest rates of Bank of Baroda’s home loans are based on annual MCLR rates. The 1 year MCLR for the bank lies at 8.65%. The interest rates vary according to the risk rating of the applicant, loan amount, and the loan tenure.

    Dena Bank Home Loan Details

    Rate of Interest 8.65% to 9.65% p.a.
    Interest Type Floating
    Max. Loan Amount Rs.10 crore
    Loan Term (in Years) Up to 30 years
    Processing Fee 0.25% to 0.50%
    Occupation Salaried and self-employed
    Residency type Residential

    Dena Bank Home Loan Schemes

    Dena Bank offers numerous home loans through Bank of Baroda that are designed for the various needs of the consumers. Customers can apply for a loan for the construction of a house or for renovating their homes.

    Baroda Home Loan

    The Baroda Home Loan offered by Dena Bank can be used for various purposes like buying a plot, constructing a house, etc. The loan is available for resident Indians as well as non-resident Indians. This loan also has additional benefits like free credit card and free accident insurance among others.

    Home Loan Applicant Salaried or self-employed
    Home Loan Amount
    • Up to Rs.1 crore in rural and semi-urban areas.
    • Up to Rs.10 crore in metros and urban areas.
    LTV Up to 90%
    Interest Rate 8.65% to 9.65% (Based on the risk rating of the applicant)
    Loan Term Up to 30 years
    Interest Type Floating
    Processing Fee
    • 0.50% of loan amount for loans up to Rs.50 lakh.
    • 0.25% of loan amount for loans above Rs.50 lakh.
    Pre-Payment Charges Nil

    Baroda Bank Home Loan Advantage

    Under this loan offer, the sanctioned loan will be linked to the customer’s savings bank account. The EMIs are also required to be remitted to the same account. Due to the savings account advantage, customers can avail facilities like ATM card, cheque book, etc.

    Home Loan Applicant Salaried or self-employed
    Home Loan Amount
    • Up to Rs.1 crore in rural and semi-urban areas.
    • Up to Rs.10 crore in metros and urban areas.
    LTV Up to 90%
    Interest Rate
    • Up to Rs.75 lakh loan amount: 8.65% to 9.65% interest rate.
    • Above Rs.75 lakh: 8.65% to 9.65% + 0.25% interest rate.
    Loan Term Up to 30 years
    Interest Type Floating
    Processing Fee
    • 0.50% of loan amount for loans up to Rs.50 lakh.
    • 0.25% of loan amount for loans above Rs.50 lakh.
    Pre-Payment Charges Nil

    Baroda Pre Approved Home Loan

    With Baroda pre-approved home loans, consumers can avail loans before deciding a specific house or plot they want to buy. The eligibility of this loan is based on the customer’s details. During the application, consumers have to submit proof of income and other documents pertaining to repayment capacity.

    Home Loan Applicant Salaried or self-employed
    Home Loan Amount
    • Up to Rs.1 crore in rural and semi-urban areas.
    • Up to Rs.10 crore in metros and urban areas.
    LTV Up to 90%
    Interest Rate 8.65% to 9.65%
    Loan Term Up to 30 years
    Interest Type Floating
    Processing Fee
    • Rs.7,500 (upfront)
    • 0.25% to 0.50%
    Pre-Payment Charges Nil

    Home Improvement Loan

    Home renovations can prove to be a costly affair, the home improvement loan from Dena Bank helps consumers cover the expenses. This loan allows customers to even purchase new furniture and electronics for the renovation process.

    Home Loan Applicant Salaried or self-employed
    Home Loan Amount
    • Up to Rs.1 crore in rural and semi-urban areas.
    • Up to Rs.10 crore in metros and urban areas.
    LTV Up to 90%
    Interest Rate 8.65% to 9.65%
    Loan Term Up to 30 years
    Interest Type Floating
    Processing Fee
    • 0.50% of loan amount for loans up to Rs.50 lakh.
    • 0.25% of loan amount for loans above Rs.50 lakh.
    Pre-Payment Charges Nil

    Baroda Top Up Loan

    At times, one home loan may not suffice due to unexpected expenses. Baroda top up loan helps consumers cover those expenses by providing another loan of a smaller amount.

    Home Loan Applicant Salaried or self-employed
    Home Loan Amount Rs.1 lakh to Rs.2 crore
    LTV Up to 90%
    Interest Rate Applicable rate of interest (i.e. 8.65% to 9.65%) + 0.50%
    Loan Term Up to 30 years
    Interest Type Floating
    Processing Fee 0.25% of the loan amount. Minimum: Rs.5,000 (upfront); Maximum: Rs.12,000
    Pre-Payment Charges Nil

    Factors affecting Dena Bank Home Loan Interest Rate

    The factors that affect Dena Bank Home Loan interest rates are as follows:

    • MCLR: The interest rates on home loans offered by Dena Bank are based on MCLR i.e. Marginal Cost of funds based Lending Rate. The MCLR is revised annually and the interest rates change accordingly. Dena Bank’s home loans are dependent on the yearly MCLR rate of 8.65%.
    • Occupation: The interest rate is also significantly affected by the applicant’s occupation. If the customer has a stable source of income and works in a reputed organization, the interest rate for him/her might be considerably lower than an applicant who doesn’t have a steady income source.
    • Loan amount: Interests rates are also influenced by the loan amount. Usually, a higher loan amount attracts a higher interest rate. The interest rates of lower loan amounts are generally low in nature.
    • Loan tenure: The interest rates also depend on the loan tenure. If the applicant opts for a longer tenure, the interest rate may be higher when compared to shorter tenures.
    • Risk rating: The risk rating generally depends on the consumer’s credit rating and repayment capacity. A higher risk rating denotes a higher chance of loan default due to which banks charge a higher interest rate.

    Dena Bank Home Loan EMI Calculator

    The EMI calculator tool offered by Dena Bank allows customers to get an estimate of the EMI they will be required to pay after availing the loan. Customers can enter their desired loan amount along with the loan tenure of their choice, and the rate of interest. The EMI calculator computes in these factors and provides the monthly EMI. This is an important step before availing a loan as it gives an estimate of whether the loan fits in the applicant’s budget or not.

    Dena Bank Home Loan Other Fees & Charges

    Dena Bank charges processing fees for numerous services they provide during the loan approval process. Such charges include inspection fees, valuation fees, and legal fees, among others. The processing fee is also applicable on takeover of home loan and pre-approved home loans.

    FAQs

    1. What is the eligibility age to apply for a Dena Bank home loan?
    2. Applicants must be at least 21 years old to apply for a Dena Bank home loan. The maximum age of eligibility is 70 years.

    3. Can I increase the home loan amount?
    4. Yes, you can increase the home loan amount by adding a co-applicant when applying for the loan.

    5. How can I reduce the interest rates?
    6. The interest rates are determined by the bank. However, you can influence the interest rates by opting for a higher EMI and a shorter loan tenure.

      

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    Dena Bank Home Loan Interest Rates Reviews

    • Dena Bank Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home loan through Dena Bank since builder referred this Bank .I have got all the required details about the loan process ,I have applied for the loan amount of 15 lakh for the tenure of 15 years ,The rate of interest and the processing fee was quite nominal ,Still the loan is active and the agent gave all the information about the card process .
      Was this review helpful? 0
      , pune
      Reviewed on Jul 20, 2019
    • Dena Bank
      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? 1
      , 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? 2
      , 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
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