Dena Bank Home Loan

Dena Bank offers home loan to customers who want to buy a new property. The bank offers the loan for renovation/repair & maintenance/extension of the property. The maximum tenure of the loan amount is up to 25 years. You borrow the loan for the under-construction property as well as ready-to-move-in flat. For under-construction property, you need to submit the details of the builder and an approved plan to the bank. If the property is not approved, the bank will not lend you the loan. Let’s take a look at some important points and details of the loan to get more information.

Dena Bank Home Loan Details:

Basis Details
Home Loan Interest Rate 8.50% - 10.60%
Loan Amount INR 10 lakh - INR 200 lakh
Tenure 25 Years
Processing Fee 0.50% of the loan amount

Dena Bank Home Loan Eligibility

How to apply for Dena Bank home loan?

You can apply for home loan by either visiting the website or going to the nearest branch of Dena Bank. You need to fill and submit the application form in both the cases. Subsequent to the submission, the bank will apppoint an executive to visit your property and make a technical and legal report with respect to the same. Based on the report, the valuation amount will be set by Dena Bank. You can get finance upto 80% of the property value from Dena Bank.

Maximum Loan Amount

Dena Bank Home Loan Interest Rates

Particulars Rate of interest
For Salaried 8.50% - 10.50%
For Non-Salaried 8.55% - 10.60%

Dena Bank Home Loan Tenure

The maximum tenure for which you can avail the home loan is 25 years for buying the new property or under-construction property. But if you are availing the loan for renovation or upgradation the maximum tenure is upto 10 years.

Dena Bank Home Loan EMI Calculator

If you are interested in availing a home loan of Rs. 30,00,000 from Dena Bank for 20 years at the rate of 9.55% per annum than your EMI will be as follows.

Table Showing EMI, Interest Outgo, and Total Repayment Amount

Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount
₹ 30,00,000 9.55% 1 ₹ 2,63,120 ₹ 1,57,442 ₹ 31,57,442
₹ 30,00,000 9.55% 2 ₹ 1,37,813 ₹ 3,07,500 ₹ 33,07,500
₹ 30,00,000 9.55% 3 ₹ 96,169 ₹ 4,62,083 ₹ 34,62,083
₹ 30,00,000 9.55% 4 ₹ 75,441 ₹ 6,21,171 ₹ 36,21,171
₹ 30,00,000 9.55% 5 ₹ 63,079 ₹ 7,84,735 ₹ 37,84,735
₹ 30,00,000 9.55% 6 ₹ 54,899 ₹ 9,52,739 ₹ 39,52,739
₹ 30,00,000 9.55% 7 ₹ 49,109 ₹ 11,25,139 ₹ 41,25,139
₹ 30,00,000 9.55% 8 ₹ 44,811 ₹ 13,01,884 ₹ 43,01,884
₹ 30,00,000 9.55% 9 ₹ 41,508 ₹ 14,82,917 ₹ 44,82,917
₹ 30,00,000 9.55% 10 ₹ 38,901 ₹ 16,68,173 ₹ 46,68,173
₹ 30,00,000 9.55% 11 ₹ 36,800 ₹ 18,57,580 ₹ 48,57,580
₹ 30,00,000 9.55% 12 ₹ 35,077 ₹ 20,51,063 ₹ 50,51,063
₹ 30,00,000 9.55% 13 ₹ 33,644 ₹ 22,48,539 ₹ 52,48,539
₹ 30,00,000 9.55% 14 ₹ 32,440 ₹ 24,49,920 ₹ 54,49,920
₹ 30,00,000 9.55% 15 ₹ 31,417 ₹ 26,55,117 ₹ 56,55,117
₹ 30,00,000 9.55% 16 ₹ 30,542 ₹ 28,64,033 ₹ 58,64,033
₹ 30,00,000 9.55% 17 ₹ 29,787 ₹ 30,76,569 ₹ 60,76,569
₹ 30,00,000 9.55% 18 ₹ 29,133 ₹ 32,92,624 ₹ 62,92,624
₹ 30,00,000 9.55% 19 ₹ 28,562 ₹ 35,12,093 ₹ 65,12,093
₹ 30,00,000 9.55% 20 ₹ 28,062 ₹ 37,34,871 ₹ 67,34,871

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Year Principal Interest Balance Amount
1 ₹ 52,502 ₹ 2,84,241 ₹ 29,47,497
2 ₹ 57,741 ₹ 2,79,002 ₹ 28,89,756
3 ₹ 63,503 ₹ 2,73,240 ₹ 28,26,252
4 ₹ 69,840 ₹ 2,66,903 ₹ 27,56,411
5 ₹ 76,810 ₹ 2,59,933 ₹ 26,79,601
6 ₹ 84,475 ₹ 2,52,268 ₹ 25,95,125
7 ₹ 92,905 ₹ 2,43,838 ₹ 25,02,219
8 ₹ 1,02,177 ₹ 2,34,566 ₹ 24,00,042
9 ₹ 1,12,373 ₹ 2,24,370 ₹ 22,87,669
10 ₹ 1,23,587 ₹ 2,13,156 ₹ 21,64,081
11 ₹ 1,35,920 ₹ 2,00,823 ₹ 20,28,160
12 ₹ 1,49,484 ₹ 1,87,259 ₹ 18,78,675
13 ₹ 1,64,402 ₹ 1,72,341 ₹ 17,14,273
14 ₹ 1,80,808 ₹ 1,55,935 ₹ 15,33,464
15 ₹ 1,98,852 ₹ 1,37,891 ₹ 13,34,612
16 ₹ 2,18,696 ₹ 1,18,047 ₹ 11,15,916
17 ₹ 2,40,520 ₹ 96,223 ₹ 8,75,395
18 ₹ 2,64,522 ₹ 72,221 ₹ 6,10,872
19 ₹ 2,90,920 ₹ 45,823 ₹ 3,19,952
20 ₹ 3,20,173 ₹ 16,791 ₹ 0

Dena Bank Home Loan Documents Required

Processing fee cheque

Factors affecting Dena Bank home loan amount eligibility

Dena Bank Home Loan Application Form

In order to avail the home loan from Dena Bank, firstly you need to fulfill the application form provided by the bank. Filling an application form is the first step to getting the home loan from any lender. The best thing is that you can either fill in this form online or visit your nearest branch for the same. Through these two ways, you can easily fill in the form and apply for a home loan in Dena Bank.

Dena Bank Home Loan Online Apply

When it comes to applying for Dena Bank home loan, the process is quite easy and fast. Yes, with the reliable services, offered by the bank, you can easily apply online or visit the branch near you. The process of applying for home loan at this bank is quite easy and simple. You just need to know your eligibility and then you just need to click on the apply online to proceed your loan application further. By doing you, an online form will arrive on your screen, you need to fill your personal details followed by income and loan requirement details. After you click on submit, within few seconds, your online loan application will reach to the bank.

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