Owning a property in India is akin to owning a goldmine, a place whose value doesn’t diminish regardless of other factors. While owning a property is great, making money on it can be the icing on the cake. Mortgaging a property can give you financial freedom to live your dreams and Dena Bank Mortgage Loan can be a perfect ally when it comes to living this dream. A popular public sector bank with a banking experience of nearly 5 decades, Dena Bank offers a host of products designed to aid you in every step of your financial journey. Their mortgage loan comes with attractive features and benefits, making it a sought after product in the market.
Dena Bank Mortgage Loan can be used for any legitimate purpose, be it meeting marriage expenses, medical treatment costs, higher education, a vacation or just to upgrade your home appliances. This loan can be used towards meeting any personal financial requirement, provided it is not used in risky ventures.
Individuals who wish to obtain a Dena Bank Mortgage Loan need to satisfy a few basic eligibility criteria.
Applicants would be required to furnish the following documents in order to avail a Dena Bank mortgage loan.
Dena Bank mortgage loans come with a host of features and benefits, a few of which are highlighted below.
The interest rate charged by Dena Bank on its mortgage loan is one of the lowest in the industry, ensuring that repaying a loan doesn’t become an additional financial burden on a borrower. The interest rate charged towards the mortgage loan depends on the base rate, which currently stands at 9.7% (effective 05/10/2015). The overall interest rate stands at 11.40% per annum (as of November 2015).
Note - Interest rates charged by Dena Bank are at their sole discretion and are subject to change without any intimation.
Dena Bank charges a processing fee equivalent to 1% of the loan amount. In the event of a borrower wishing to prepay the loan, he/she would be charged a prepayment charge which is 0.50% of the loan amount.
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