Organisation : Dena Bank
Facility : Online Loan Application & Tracking System
Online Loan Application here : http://webserver1.denabank.co.in:4545/
Website : http://www.denabank.com/viewsection.jsp?lang=0&id=0,4,26,65
Online Loan Application
Dena Niwas Housing Finance Scheme :
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.
Related : Dena Bank Check Account Balance Online : www.statusin.in/8378.html
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 :
1) Loans up to Rs.20 lakhs – 10% of cost of house property (excluding stamp duty, registration charges, etc.)
2) Loans above Rs.20 lakh & up to Rs. 75 lakhs – 20% of cost of the house property (excluding stamp duty, registration charges, etc.)
3) Loans above Rs.75 lakhs – 25% of cost of the house property (excluding stamp duty, registration charges, etc.)
Rate of Interest :
Please Check out the Interest Rates Section to find latest Interest Rates applicable.
Interest Charged on Daily Reducing Balance
No Prepayment Charges
Loan Limit of Rs 200 Lacs.
Purchase of House upto 50 years old allowed
Floating Rate Linked to Base Rate
Repayment :
Upto 25 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:
0.50% of sanctioned limit.
Dena Rent Scheme :
Good news for Landlords :
Now, landlords can make their property earn more money by availing Dena Rent Scheme against their rent receivable.
You are eligible if :
You are a landlord- an individual, corporate, trust or anybody who has given their property on rent to banks, FIs, PSUs or reputed companies.
Loan Amount :
** Minimum- Rs. 1 lakh
** Upto- Rs. 500 lakhs
Margin :
10% of present value of net rentals
Security :
Equitable mortgage of property.
Process Fees :
0.50%
Repayment :
Upto 120 EMIs or residual lease period whichever is less
About Us :
Dena Bank, in July 1969 along with 13 other major banks was nationalized and is now a Public Sector Bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. Under the provisions of the Banking Regulations Act 1949, in addition to the business of banking, the Bank can undertake other business as specified in Section 6 of the Banking Regulations Act, 1949.