Dena Bank Housing Loans

 

 

Dena Bank offers housing loan under its popular scheme known as Dena Niwas Housing Finance Scheme. The loan is available for purchasing/building a home, to buy a under construction flat, or to buy a plot to build your dream house in the near future. Dena Bank housing can can also be availed for repairing and renovation of your existing flats/home. The bank provides upto Rs.200 lacs for the purchase/construction of a new house and upto Rs. 10 lacs for extension or renovation of your old house. The maximum tenure for repayment is 20 years for purchase/construction of a home and 10 years for extension/renovation of your home.

 

Why Dena Bank Housing Loans?

 

• Affordable interest rates starting at 10.45% (for floating upto 5 years).

• High loan amount upto 2 crore rupees for purchase/construction of a new house and upto 10 lacs for renovation of your existing home.

• Very low processing fee ranging between 0.1% to 0.25% depending on the loan amount.

• Interest charged on daily reducing balance thus good saving on your total interest.

• No prepayment penalty on loans.

• Purchase of house upto 50 years old allowed.

• Floating rate linked to BPLR.

• Loan amount upto 85% cost of the property.

• Free accidental insurance coverage up to 1 lac rupees and a free debit card to you.

• Hassle free documentation.

 

 

Interest Rates

 

 

Repayment	Upto Rs.30 lacs		>30 lacs upto 75 lac		> 75 lac upto 3 crore		More than Rs. 3 crore
	Float	Fix	Float	Fix	Float	Fix
Upto 5 years	10.5	12.75	11.0	13.0	11.25	13.25
More than 5 years & upto 10 years	10.75	13.0	11.25	13.25	11.75	13.0	14.0
More than 10 years & upto 25 years	11.0	13.25	11.75	13.5	12.75	13.75

 

Eligibility

 

• Resident of India or NRI with steady source of income.

 

• Retirement age (for salaried) and not more than 65 years of age (for self employed) at the time of maturity of loan.

 

• The total deductions including EMIs shouldn't be more than 60% of gross income.

 

• Income of your spouse can be clubbed for a bigger loan amount eligibility.

 

 

Documentation

 

• Loan application form with 2 passport size photos of applicant.

 

• Copy of the approved plan for the proposed construction / extension / addition.

 

• Allotment letter of Co-operative Housing Society / Apartment Owners' Association / Housing Board / NOC from the Society / Association / Builders / Housing Board.

 

• Salary Certificate and Form No.16 (in case of salaried persons).

 

• IT Returns filed for the past two years (in case of non-salaried persons).

 

• A brief note on the nature of business, year of establishment, type of organization

(in case of self-employed).

 

• Balance sheet and profit and loss account for the past 3 years (in case of self-employed).

 

 

Dena Bank Housing Loan Calculator

 

 

Loan Amount: : Rate of interest (%) : Time in Years : Processing Fee(optional) : Processing Fee Calculated :