Dena Bank Home Loan Interest Rate:

Dena Bank home loan rate can be variable or fixed.

Variable Dena Bank home loan interest rate for an amount up to 20 Lacs for a period of 1 to 5 years is 9.00%. Fixed Dena Bank home loan rate for an amount up to 20 Lacs for a period of 1 to 5 years is 10.50%. 

Dena Bank home loan interest rate for an amount from 20 Lacs for a period of 5 to 10 years is 9.50%. Fixed Dena Bank home loan rate for an amount from 20 Lacs to 50 Lacs for a period of 5 to 10 years is 11%. 

Dena Bank home loan rate for an amount up to 20 Lacs for a period of 10 to 15 years is 9.75%. Fixed Dena Bank home loan rate, for an amount above 50 Lacs for a period of 10 to 15 years is 11%.

Dena Bank home loan interest rate are charged on daily reducing balance. Dena Bank home loan interest rate is calculated on the basis on BPLR.

Dena Bank Home Loan Eligibility:

Dena Bank Home Loan Eligibility Criteria For Salaried People:

As per the Dena Bank home loan review the person should have regular income. Dena Bank home loan applicant should have a minimum age of 18 years. As per the Dena Bank home loan eligibility an applicant’s maximum age cannot exceed 60 years at the time of loan maturity.

Dena Bank Home Loan Eligibility Criteria For Self Employed:

Dena Bank home loan review shows the loan amount cannot exceed 60% of the gross income. Dena Bank home loan self employed applicant should have a minimum age of 18 years.  As per the Dena Bank home loan eligibility an applicant’s maximum age cannot exceed 65 years.

Dena Bank Home Loan Documents:

Dena Bank home loan review shows that one has to submit

identity proof

income proof

along with filled application form

two photographs

Dena Bank Home Loan Documents For Self Employed

Income Tax return for last two years

Identity Proof

Residence Proof

Proof of existence of business

Dena Bank Home Loan Documents For Salaried

Form 16 for last two years

Bank Statement

Identity Proof

Residence Proof

Procedure And Options To Apply For The Loan:

The customer needs to submit duly filled form and attach related documents and submit it to the bank authorities for processing. The form is available at the branches or can be downloaded from the official website of the bank.

Maximum And Minimum Tenor Of The Loan:

According to the Dena Bank Home Loan the loan is provided for a maximum period of 20 years in case of payment in equated monthly installments.

What would be the repayment options/facilities?

The customer can pay back his loan in equated monthly installments.

Pre Closure Process: In case a customer of  Dena Bank home loan wishes to close his loan before the agreed period or term is termed as pre closure. In this case the bank charges no  penalty in case if the loan is being paid before the stipulated period.

Tax Benefits: One can get tax benefits on the principal and the interest paid according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.