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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Dena bank home loans provide attractive interest rates with floating and fixed type based on your preferences. Get easy home loan balance transfers and transparent application process. No prepayment charges. Check eligibility now on CreditMantri!
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Processing Fee
nil*
Max Tenure
nil*
Best Rate
8.25%
Headquartered in Mumbai, Dena Bank is an Indian banking and financial services company. The Bank has a network of 1,773 branches across India. It provides a wide range of banking products and financial services to retail and corporate customers.
Home Loan is offered to individuals who wish to construct or buy a house. The property bought or about to be constructed is mortgaged as collateral until the repayment of the loan is completed with full interest. The repayment of the loan generally depends on the capacity of the borrower. Normally, the home loan tenure ranges between 5 to 30 years. The borrower can opt either for floating type of interest or fixed interest rate. Home loan provides tax benefits to the borrowers.
Dena Bank offers a wide range of services in the personal loan segment. It is the most preferred bank by all kinds of people for any financial service. Dena Bank provides customised home loan solutions for purchase of a house, construction and extension of dwelling units. Packed with exclusive benefits, Dena Bank Home Loans are tailor made, catering to the needs of various customers.
Key Highlights
| Eligibility Criteria | Salaried and Self-Employed |
|---|---|
| Loan Tenure | Up to 30 years |
| Loan Amount | Up to 2 crores |
| Interest Rate | 8.25% (Base Rate) |
| Processing Fees | 0.50% of the loan amount sanctioned |
| Prepayment Charges | Nil |
Objective:
Dena Bank home loan aims to help millions of people achieve their dream of owning a house.
Loan Amount:
Up to 2 crores
Loan Tenure:
Up to 30 years of repayment period is available under Dena Bank home loan scheme.
Prepayment Charges:
No penalty is levied on prepayment
Processing Fees:
0.50% of the loan amount.
Interest Type:
Floating and Fixed
Home Loan Transfer:
You can transfer your home loan from other bank to Dena Bank at ease.
Dena Bank allows you to get additional funding over your existing home loan. It can be used to renovate your house, fund your child’s education, new home theatre system etc.
| MCLR | Spread | Effective Rate of Interest | |
|---|---|---|---|
| Up to 75 Lakhs | 8.25% | 0.00 | 8.25% |
| Above 75 Lakhs | 8.25% | 0.10 | 8.35% |
To avail the home loan from Dena Bank, you need to have the following eligibility criteria.
Important documents to be submitted while applying for home loan with Dena
For guarantor (wherever applicable):
Your Dena Bank home loan can be repaid in following three ways.
Standing Instruction (SI):
If you are an existing account holder with Dena Bank, Standing Instruction is the best mode of repayment. Your EMI amount will be debited automatically at the end of the monthly cycle from the Dena Bank account you specify.
Electronic Clearing Service (ECS):
This mode can be used if you have a non-Dena Bank account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account.
Post-Dated Cheques (PDCs):
You can submit post-dated EMI cheques from a non-Dena Bank account at your nearest Dena Bank Loan Centre. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only.It is recommended that you opt for either the SI or ECS mode of payment for faster and less prone to error than the use of PDCs.
You can either apply online or visit a nearby Dena Bank branch for the application. You can also download the home loan application form from the Dena Bank official website, complete the form and submit it the bank representative.
You can also check your eligibility for a home loan through CreditMantri and apply for it.
With attractive interest rates and low processing fees, Dena Bank caters to the needs of various sections of people. Floating and fixed type of interest rate are available according to the preference of the customers. The borrowers can prepay the Dena Bank home loan without any penalty. Dena Bank home loan is the best option to buy or construct your dream house.
1. What are processing fees on Dena Bank Home Loans?
The processing fee is 0.50% of the loan amount sanctioned
2. Is there penalty for prepaying the Dena Bank Home Loan?
No penalty is levied for prepaying the Dena Home Loan.
3. Can I top up my existing Home Loan?
Yes, you can get additional funding on your existing home loan.
4. What is the maximum loan repayment period for Dena Bank home loans?
The maximum repayment period is 30 years.
5. How Can I apply for Dena Bank home loan?
You can either apply online or visit a nearest Dena branch and take the help of the bank’s representative.
6. What is the maximum loan amount provided by Dena Bank?
NThe maximum loan amount is 2 crores.
7. Does Dena Bank facilitate balance home loan transfer?
Yes, you can transfer your existing home loan to Dena Bank.
8. Can I get tax benefits from Dena Bank Home Loan?
As per Section 80C read with section 80CCE of the Income Tax Act, 1961 the principal repayment up to INR 150,000 on your home loan will be allowed as a deduction from the gross total income subject to fulfilment of prescribed conditions.
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