Dena Bank Home Loan | Interest Rates| Eligibility| Information

Dena Bank Home loans 2015 ✔ Instant Quotes on Interest Rates of Dena Bank starts from 10.00% to 10.25% ✔ Lowest EMI of Rs.908 ✔ Documents and Eligibility for Dena Bank Housing Loan.

Eligibility for Dena Bank Housing Loan

  • You are a major individual, resident or non-resident, having a regular source of income.
  • Your age on the maturity of the loan is less than retirement age if you are a salaried employee & below 65 years, if you have a business.
  • The total deductions do not exceed 60% of your gross income, including the loan installment of the proposed loan.
  • Spouses/Co-applicants income can be clubbed for enhanced eligibility.

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Loan Amount


Annual income

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Housing Finance:
Outstanding under Direct Housing Finance Scheme, increased from Rs.3,799.30 cr to Rs.4,357.68 cr as at the end of the year i.e. an increase of Rs.558.38 cr (14.70%).

Fresh disbursements to the tune of Rs.744.48 cr were made in 6027 accounts during the year towards housing loan.

Current Home Loan Interest Rates on Dena Bank Home Loan 2015

Up to Rs.75 Lacs : 10.00% (Floating Rates)
>Rs. 75 Lacs : 10.25% (Floating Rates)

Fixed Rate of Interest

Upto 30 Lakhs

Above 30 Lakhs

Up to 5 years

11.25% 11.75%

5-10 years

11.25% 11.75%

Repayble in > 10 years

11.25% 11.75%

You can avail of Dena Niwas Home Loan to purchase a plot, construct a house, buy a ready built house or buy one under construction. The loan even helps you build an extension to your existing house or purchase a house that is up to 50 years old provided the remaining life of the house is more than 25 years. Besides you can take this loan for repairs and upgradation, which includes the cost of fixtures, POP works, retiling, fittings etc.

It even gives you the option to shift an existing home loan with any other Bank or Financial Institution.

Trends of last 5 Years Dena Bank Home loans vs RBI Repo rate

Date Change by RBI New Repo Rate Date of Change New Base Rate
Rate Cut
8 June 2015 10.00%
4-Mar-15 0.25% - 7.50%
15-Jan-15 0.25% - 7.75%
28-Jan-14 0.25% + 8.00%
29-Oct-13 0.25% + 7.75%
20-Sep-13 0.25% + 7.50%
3-May-13 0.25% - 7.25%
19-Mar-13 0.25% - 7.50%
29-Jan-13 0.25% - 7.75% 9-Feb-13 10.25%
17-Apr-12 0.50% - 8.00% 21-May-12 10.45%
25-Oct-11 0.25% + 8.50% 4-Aug-11 10.70%
16-Sep-11 0.25% + 8.25%
26-Jul-11 1.25% + 8.00% 2-Jul-11 10.20%
25-Jan-11 - 6.50% 6-May-11 9.95%

Benefits of Dena Bank Home Loan Scheme-

  • Interest Charged on Daily Reducing Balance method.
  • No Prepayment Charges
  • Loan Limit of 200 lacs
  • loan available for 50 years old homes
  • Upto 20 years-for the purchase of a new flat/house/construction/extension.
  • Upto 10 years- for repairs, renovation and upgradation.
  • 0.50% of sanctioned limit.


  • Upto 25 years-for the purchase of a new flat/house/construction/extension.
  • Upto 10 years- for repairs, renovation and upgradation.


Simple equitable mortgage of the house/flat/apartment on which the loan is availed.

Processing Fees: 0.50% of sanctioned limit.

Other Available products of Dena Bank are -

Get More details about Dena Bank and its products available in India.
Source: Dena Bank Website

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