Dena Bank Home Loan Key Features
| Feature | Value |
| Interest Rate | 6.90% onwards |
| EMI / Lakh | Rs. 662 |
| Loan Tenure | Up to 30 years |
| Loan Amount | Percentage based on property value |
| Loan to Value Ratio | Up to 90% of property value |
| Loan Available on the Following Types of Property |
|
| Special Offer for Women | Interest rate concession of 0.05% |
| Processing Fee | Up to 0.5% of loan amount excluding GST |
| Prepayment Charges | No prepayment charges for floating rates |
| Part Payment Charges | Nil |
| Guarantor Required | Nil |
Please Note: The above figures are only indicative and are subject to change without any prior notice.
Dena Bank Home Loan Interest Rates & Offers 2021
| Dena Bank Home Loan Schemes | Interest Rate For Women | Interest Rate for Others |
| Dena Bank Home Loan | 6.90% – 7.95% | 7.00% – 8.00% |
| Dena Bank Reach Loan | 8.75% – 14.00% | 8.75% – 14.00% |
| Plot Loan | 7.05% – 8.05% | 7.10% – 8.10% |
| Rural Housing Loan | 6.90% – 8.70% | 7.00% – 8.70% |
| Home Improvement Loan | 6.90% – 7.95% | 7.00% – 8.00% |
| Home Extension Loan | 6.90% – 7.95% | 7.00% – 8.00% |
| Home Loan Top Up | As per home loan slabs | As per home loan slabs |
| Home Loan Balance Transfer | 6.90% onwards | 6.90% onwards |
Please Note: The above rates and values are floating in nature and are based on adjustable rates. These are subject to change at the time of loan disbursement.
Know more about Home Loan Interest Rates.
Dena Bank Home Loan Eligibility Criteria
Salaried Individual:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
- Must have working experience and a legitimate source of salary i.e working under the same employer for at least one year.
Self Employed Individual:
Applicants who are not professionally engaged in the working sector but have their own source of steady income are also eligible for the Dena Bank Home Loan. This includes everybody who is a:
- Traders
- Commission agent
- Contractors
The following criteria must be met to apply for a home loan:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
Self Employed Professionals:
Applicants who are professionally engaged in the working sector are also eligible for the Dena Bank Home Loan. This includes everybody who is a:
- Doctors
- Lawyers
- Charted Accountant
- Architect
- Consultant
- Engineer
- Company Secretary
The following criteria must be met to apply for a home loan:
- The applicant’s nationality should be Indian.
- The applicant must be between the age group of (Minimum) 18 years to (Maximum) 65 years.
Additional Criteria for Co-applicants:
- Co-applicant must be a family member of the primary applicant.
- All co-applicants are not required to be the co-owners of the property.
Please find more information on Eligibility by visiting DialaBank.
Know more about Home Loan eligibility criteria.
Common Documents for Salaried and Self-Employed
Salaried Individual:
Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Aadhaar, PAN, Driving License, Passport, Voter ID, etc.
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Latest Salary Slips from the last 3 months.
- Latest Form-16 and IT returns
- Employment Contract/Appointment Letter if the current employment is less than a year old.
Property Related Documents:
- A cheque for processing fee favouring ‘Dena Bank.’
- Copy of the Buyer Agreement/Allotment Letter
- Receipt/(s) of payment/(s) made to the developer
Self Employed Individual:
Valid ID and Residence Proof: A copy of Proof of Identity and Residence such as Aadhaar, PAN, Driving License, Passport, Voter ID, etc.
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Business Profile and Previous 3 years Income Tax returns (Both self and business)
- Previous 3 years Profit/Loss Account and Balance Sheet.
Proof Of Business:
- Educational Qualifications Certificates
- Business achievements (Certificate or awards if any)
Property Related Documents:
- A cheque for processing fee favouring ‘Dena Bank.’
- Copy of the Buyer Agreement or Allotment Letter
- Receipt/(s) of payment/(s) made to the developer
Agriculturists:
KYC Proof – PAN Card (Mandatory) and any Driving License/Voter ID/Passport
Income Proof:
- Bank Statements showing salary credits from the last 6 months.
- Copies of title documents of agricultural Land showing crops being cultivated
Property Related Documents:
- A cheque for processing fee favouring ‘Dena Bank.’
- Copy of the Allotment Letter / Buyer Agreement
- Receipt/(s) of payment/(s) made to the developer
Additional requirements for Co-applicants:
Passport size photograph of all co-applicants to be affixed on the Application Form and signed across
Know more about the Home Loan documents required.
Dena Bank Home Loan Procedure
Receiving a home loan from Dena Bank is reasonably easy with an online application form. In five simple measures you can receive a home loan from Dena Bank:
- Complete the application form with the amount required to receive your loan, property information, personal information, occupational details, and contact details from a registered online channel partner’s Dena Bank website, branch or Website.
- A representative from Dena Bank or an online partner will contact you to discuss the eligibility for your loan, loan rates, terms and conditions, transaction costs and other costs.
- You must apply your income and property statements online if you wish to continue the loan application, otherwise, the representative of Dena Bank will come to you to get them from your home or office.
- Dena Bank will apply for transaction fees to carry out a credit appraisal and technical checks at the house a few days away.
- If you are entitled and your property is eligible for a loan you will get a sanction letter from Dena Bank and will have to sign a loan agreement with the Bank. You then pay the loan to your account.
Different Home Loan Schemes By Dena Bank
Dena Bank Home Loan – For Resident Indians
This type of loan is specifically for those individuals who are Indian residents and require funds to purchase a house or a plot for further construction.
| Specific Information for Home Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to 90% of the value of Property |
| Interest Rate | 6.90% onwards |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 30 years |
Dena Bank Reach Loans – For Indians With Income Of At least Rs. 10,000 Per Month
This type of loan is specifically for those individuals who are Indian residents with an income of Rs. 2 Lakhs per annum. This loan can cover the costs of purchasing a new or already built house, a new plot for further construction, renovations, and extension or construction on both residential and non-residential properties.
| Specific Information for Reach Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to 80% of the value of Property |
| Interest Rate | 8.75% onwards |
| Processing Fee | Up to 2% of the loan amount + GST |
| Loan Tenure | 30 years |
Dena Bank Plot Loans – For Buying a New Plot
This type of loan is specifically established for those individuals who are looking to purchase a new plot. This loan supports buying a new direct allotment plot or a plot from the resale.
| Specific Information for Plot Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to 80% of the value of Property |
| Interest Rate | 7.10% onwards (0.05% concession to women) |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 15 years |
Dena Bank Rural Housing Loans – For Indians Living in Rural Areas
This type of loan is specifically for those individuals who are agriculturists, planters, horticulturists, dairy farmers, and others who are living in remote areas and are willing to buy an under-construction property or a new residential property or an existing residential property in rural and urban areas. This loan is also eligible for individuals who are salaried or self-employed!
| Specific Information for Rural Housing Loan Scheme | |
| Eligible Profiles | Available to Salaried, Sef-employed Individuals and Agriculturists |
| Loan Amount | Up to 90% of the value of Property |
| Interest Rate | 7.00% onwards (0.05% concession to women) |
| Processing Fee | Salaried/Self-employed – Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST
Agriculturists/ Self-Employed Non-Professionals – Up to 1.50% of the loan amount or Rs. 4,500 (whichever is higher) + GST |
| Loan Tenure | 30 years |
Dena Bank Home Improvement Loans – For Covering Home Renovation Costs
This type of loan is specifically for those individuals who want to renovate their homes but are not able to do so due to a lack of funds.
| Specific Information for Home Improvement Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | New Customer – Up to 90% of the estimates from improvements.
Existing Customer – Up to 100% of the estimates from improvements. |
| Interest Rate | 6.90% onwards |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 15 years |
Dena Bank Home Extension Loans – For Adding Space in Your Home
This type of loan is specifically for those individuals who want to extend or add space to their home property.
| Specific Information for Home Extension Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to 90% of the value of Property |
| Interest Rate | 6.90% onwards |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 20 years |
Dena Bank Top Up Loans – For Dena Bank Home Loan Borrowers
This scheme helps the borrowers to get additional funding over their already opted home loan. The funds from this scheme can be used for various personal and business purposes.
| Specific Information for Top-Up Loan Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to 90% of the value of Property |
| Interest Rate | New Customer – 8.30% onwards
Existing Customer – As per Home Loan Slabs |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 15 years |
Dena Bank Home Loan Balance Transfer – For All Home Loan Borrowers
Dena Bank Home Loan Balance Transfer is available to those customers who are willing to lower their repayments.
| Specific Information for Home Loan Balance Transfer Scheme | |
| Eligible Profiles | Available to Salaried and Sef-employed Individuals |
| Loan Amount | Up to Rs. 50 Lakhs |
| Interest Rate | 6.90% onwards |
| Processing Fee | Up to 0.50% of the loan amount or Rs. 3,000 (whichever is higher) + GST |
| Loan Tenure | 30 years |
Dena Bank Home Loan for NRI/PIO – For NRIs and PIOs
This type of loan is available to those who are NRIs, PIO, and OCI. The loan helps the individual who is willing to:
- Purchase a flat, row house, bungalow in India from private developers in approved projects.
- Properties can be purchased from Development Authorities such as DDA, MHADA, etc.
- Construct on a plot allotted by a Development Authority in India or a freehold/leasehold plot.
- Properties can be purchased in an existing Co-operative Housing Society, Apartment Owners Association, Development Authorities settlements, or privately built-up homes.
Dena Bank Home Loans under Pradhan Mantri Awas Yojana
This type of loan is specially established for EWS/LIG, families under MIG-I, and MIG -II categories. The validity of this scheme is up to 31 march 2022 (EWS/LIG), 31 march 2021 (Families under MIG-I and MIG -II categories).
| Specific Information for Home Loan Pradhan Mantri Awas Yojana Scheme | |
| Eligible Profiles | Available to EWS/LIG, MIG-I, and MIG -II |
| Loan Amount | No Cap |
| Interest Subsidy | 3.00% onwards |
| Maximum Subsidy | Up to Rs. 2.67 Lakhs |
| Loan Tenure | 20 years |
Dena Bank Pradhan Mantri Awas Yojana Subsidy 2021
The Government of India’s Pradhan Mantri Awas Yojana is a home loan subsidy programme designed to encourage everybody to own a home. The scheme provides financial assistance to lower-income classes in society who receive less than 18 lakh rupees per annum by providing them with home loans with subsidised interest rates.
EWS (economically weaker section), LIG (lower-income group), MIG-1 (middle-income group-1) and MIG-2 (middle-income group-2) are the four income groups. On Dena Bank home loans, a gross subsidy of approximately 2.67 lakh can be obtained via PMAY. The Dena Bank PMAY Home loan has a 15-year maturity period. Applicants for a home loan from Dena Bank that is qualifying for the PMAY subsidy will do so. Eligibility for the PMAY in Dena Bank Home Loan:
- Households earning between 6,00,001 and 12 lakhs a year are classified as Middle Income Group I.
- Households in the Middle Income Group-II have an annual income of between 12,00,001 and 18 lakh rupees.
- A family is described as a husband and wife, as well as their unmarried children.
- An adult earning member (regardless of marital status) may be considered as a different household and be eligible for subsidy on their own.
- In the case of a married couple, one of the spouses, or both of them together in shared possession, would be liable for a single home, based on the household’s income eligibility under the programme.
- The beneficiary family does not own a pucca house in any part of the country in his or her own name or in the name of any member of his or her family.
Advantages of Dena Bank Home Loan
Dena Bank Home Loan is a saviour to those who are in need of financial support relating to homes and plots. It offers the following:
- A huge variety of home loan schemes.
- Provide a 0.05% concession to women to encourage them for their own homeownership.
- Provide several repayment methods to choose from and opt the one best suited to you.
- Full transparency as Dena Bank promises no hidden costs and fees.
- Easy application with minimum documentation and paperwork.
- Provides loan approval prior to the selection of the property.
- It is a part of the Pradhan Mantri Awas Yojana.
Compare Dena Bank Home Loan with Other Banks
| Bank | Home Loan Rate | Processing Fee | EMI Per Lakh |
| Dena Bank | 6.90% | 0.5%, Min. ₹ 3,000, Max. ₹ 4500 | ₹ 662 |
| SBI | 6.70% | Min. ₹ 10,000 | ₹ 645 |
| HDFC | 6.75% | 0.50%, Min. ₹ 3,000, Max. ₹ 10,000 | ₹ 649 |
| Bank of Baroda | 6.75% | Min. ₹ 7,500 | ₹ 649 |
| Private Bank | 6.75% | 0.25% , Min. ₹ 3,000, Max. ₹ 5,000 | ₹ 649 |
Dena Bank Home Loan Charges and Fees
| Particulars | Charges |
| Processing Fees | Salaried Individuals: 0.50% of the loan amount or Rs. 3,000, whichever is higher Self Employed Professionals: 0.50% of the loan amount or Rs. 3,000, whichever is higher Self Employed Non-Professionals: Up to 1.50% of the loan amount or Rs. 4,500, whichever is higher |
| Prepayment charges | No prepayment charges for floating rates |
| Check dishonour charges | Up to Rs. 200 |
| List of documents | Up to Rs. 500 |
| Photocopy Of documents | Up to Rs. 500 |
| PDC Swap | Up to Rs. 200 |
| Disbursement cheque cancellation charges post disbursement | Up to Rs. 200 |
| Increase/Decrease in the loan term | Up to Rs. 500 |
| Re-appraisal of loan post 6 months from sanction | Up to Rs. 2,000 |
How to Apply for Dena Bank Home Loan
- Visit Dialabank for a Home Loan.
- Go to the Dena Bank Home Loan page.
- Check out all the eligibility and documents criteria for a Home Loan.
- Fill out all the details required in the Home Loan application form.
- Once done, our representative will soon contact you for a further stress-free process.
Dena Bank Home Loan Customer Care
Dena Bank is famous for its customer relations management; as a result, they provide special home loan customer care service and a special contact number to ensure convenience for the customer:
Customers do not need to look up all these customer care numbers every time, and they can just get one contact number for all their financial needs with India’s First Financial Helpline and just contact us for assistance in any matter.
Dialabank: 9878981166
Dena Bank Home Loan EMI Calculator
Know more about Home Loan EMI Calculator.
Other Loan Products from Dena Bank
| Dena Bank Personal Loan | Dena Bank Gold loan | Dena Bank Car Loan |
| Dena Bank Education Loan | Dena Bank Two Wheeler Loan | |
Dena Bank Home Loan FAQ
✅ How to repay my Dena Bank home loan?
There are different payment methods through which you can repay your Dena Bank home loan, this can be done:
- By issuing Standing Instructions to pay the loan instalments through Electronic Clearing System.
- By opting for direct deduction of monthly instalments by your employer.
- By issuing post-dated cheques from your salary account.
✅ When can you apply for Dena Bank’s top-up loan?
A year after the disbursement of the existing loan amount and the possession or completion of the financed property.
✅ What is the maximum loan amount from the home loan can I get on my salary?
A customer can get the loan amount on his/her salary, depends on their repayment capacity. To determine the repayment capacity the following variables are considered: age, the number of dependants, credit history, education qualification, current liabilities, etc.
✅ What is a Floating Interest Rate?
Floating interest rates are different from the fixed rates, the rates are not the same throughout the loan tenure. It may vary with the change in the lender’s benchmark rate.
✅ How Dialabank can help you get a Home Loan?
Dialabank works as a bridge to find the best option between several Banks and NBFCs by providing you with a detailed and structured market comparison of different banks. This eliminates the unnecessary worries about the complex information and process you have to go through.
If you want to apply for Dena Bank Home Loan get in touch with Dialabank by phone by dialling on 9878981166 or by visiting Dialabank.
