The doorway to your Dream Home

   A Loan for different needs   

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.

  You are eligible if:  

·    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.

  Loan Amount   

·   Up to Rs.200 lakhs for the purchase/construction of a house.

·   Up to Rs.10 lakhs for renovation/upgradation.

  Margin   

        20%

  Rate of Interest      

Please Check out the Interest Rates Section to find latest Interest Rates applicable.

   Repayment  
 

• Upto 20 years-for the purchase of a new flat/house/construction/extension.
• Upto 10 years- for repairs, renovation and upgradation.

  Security  

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

  Process Fees        

·   For loans up to Rs. 50 lacs, 0.25% of sanctioned amount or Rs. 12,500/- whichever is less.
·   In case of loans above Rs. 50 lacs to Rs. 1 crore, 0.20% of sanctioned amount or Rs. 20,000/- whichever is less .
·   In case of loans above Rs. 1 crore to Rs. 5 crores, 0.15% of sanctioned amount or Rs. 75,000/- whichever is less
·   In case of loans above Rs. 5 crores. 0.10% of the sanctioned amount or Rs.100,000/-, whichever is less.

Application Form

For any query, Please contact : Email: query.rbd@denabank.co.in