Dena Home Loan Interest Rate Calculator - Dec 2016

Dena Bank Home Loan Interest Rates

Last Updated 03rd Dec 2016
Interest Rate 9.40% - 9.65%
Check Special Offers
Lowest EMI Rs. 867 per lakh
Max Tenure 25 years
Processing Fee Upto 0.50%
Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans
Age Min 21 and Max 60 years for Salaried
Min 21 and Max 65 years for Self Employed
Apply Home Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 





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Dena Bank Home Loan

Dena Bank offers home loan to the people who want money to purchase a house, home renovation and home extension etc. The house itself acts as a security to the loan.

Home Loan Dena

Home loan interest rates offered by Dena Bank depends upon MCLR.
  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in MCLR rate and should be chosen only if you believe that the rates will not hike in future.
  • Floating rates changes with a single change in MCLR rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates.
Dena Bank offers home loan based on 1 Year MCLR rates which is currently 9.40%.
Dena Bank home loan interest rate depends upon
  • Loan amount: Home loan rate in Dena Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • Company where you work: Dena Bank has a list of companies to which they lend Home loan. Interest rate will be less if your company is listed
  • Your Salary: Income helps you in identifying your rate of interest. Dena Bank interest rate varies with your monthly income. Higher the income, less will the rate of interest

Home Loan Charges

  • Foreclosure Charges - These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Dena Bank allows prepayment of home loan with Nil prepayment charges
  • Processing Fee - Dena Bank asks for a processing fee of 0.50% of loan amount with applicable service tax

Dena Home Loan EMI Calculator

    Home Loan EMI of Dena Bank is a fixed amount that you pay each month towards the repayment of your home loan till the end of tenure
  • Home Loan EMI calculator of Dena Bank helps you to calculate your monthly EMI at different rate of interest and also check lowest EMI per lakh on home loan.
  • You can plan your loan amount according to your monthly repayment capacity because higher the loan amount, higher will be the EMI
  • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
  • Loan tenure matters equally as higher tenure reduces your EMI
What are the benefits of calculating Dena Bank Home Loan EMI?
  • EMI calculator of Dena Bank helps you to calculate your monthly EMI at different rate of interest
  • Dena Bank Housing Loan EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

Dena Home Loan Eligibility Calculator

Home Loan eligibility criteria Dena Bank
Eligibility of House loan in Dena Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Age: Age plays an important role to know your eligibility and repayment capacity. Dena Bank offers Home loan to salaried at the age of 21 to 60 years and self employed individuals at 21 to 65 years
  • Income: In case of salaried person, Dena Bank Loan eligibility significantly depends upon the income. Usually bank set minimum levels of income to apply for house loan. Salaried employee should be in government job or working with a reputed private company and getting regular salary in bank account with salary slip, form 16
  • Job stability and Profession: Job stability is important to improve your status and eligibility for Home loan from Dena Bank. In case you are salaried, you must be in a full time job for at least 2 months. In case you are self-employed, you must be in current profession or business for at least 5 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. Business must be registered with at least one government agency such as service tax, VAT, excise, shops and establishment registrar. Other than job stability, profession is also an important factor which can affect your Dena Bank eligibility. If you are working with a reputed company, probability of getting home loan from Dena Bank increases as the income is considered to be more stable
  • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your Home loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your Home loan eligibility
  • Loan Amount: Dena Bank gives you Home loan depending upon your income. Dena Bank gives you an amount ranging from Rs. 1,500,000 to Rs. 20,000,000. To improve chances of approval, apply for a loan amount that you can comfortably service
  • Estimated eligibility online by using Eligibility Calculator.

    Dena Bank Floating Rate Home Loans

    Dena Bank Home Loan Floating
    Upto Rs. 2,500,000 - 9.40%
    Rs. 2,500,001 - 7,500,000 - 9.40%
    Rs. 7,500,001 - 10,000,000 - 9.65%
    Above Rs. 10,000,000 - 9.65% linked to 1 Year MCLR

    Dena Bank Fixed Rate Home Loans

    Dena Bank Home Loan Fixed
    Upto Rs. 3,000,000 - 12.15%
    Rs. 3,000,001 - 7,500,000 - 12.65%
    Rs. 7,500,001 - 10,000,000 - 12.65%
    Above Rs. 10,000,000 - 12.65% linked to 1 Year MCLR
    special offer for female borrower
    Upto Rs. 3,000,000 - 0.00%

    Dena Bank Home Loan Top up, Transfer

    Transfer of Home Loan from another bank to Dena Bank?
    Dena Bank offers home loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of Dena Bank
    You can avail additional top-up home loan from Dena Bank, subject to your eligibility

    Housing Loan Dena documents required

    Home Loan for Salaried employee Dena Bank documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

    Home Loan for Self-Employed Dena Bank documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

    Frequently Asked Questions

    Why to take home loan from Dena Bank?
    Dena Bank offers home loan at lower rate of interest i.e. at 9.40% with the lowest EMI of Rs. 867 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your home loan to Dena Bank.
    What is the maximum loan tenure I can opt under Dena Bank house loan?
    Dena Bank offers you a longer tenure of 25 years to repay your home loan with a benefit of paying less EMI per month.
    Do I get tax benefit on home loan from Dena Bank?
    As per Indian Income Tax Act of 1961, residents of India are eligible for tax benefits on principal amount and interest components of a home loan under the section 24 and section 80C of Income Tax Act.
    Can I foreclosure my home loan? What are the charges applicable?
    Yes, you can foreclose your home loan with Nil charges.
    Can I transfer my home loan from another bank to Dena Bank?
    Yes, Dena Bank gives you the facility to transfer your existing home loan with a hassle free process. Home loan balance transfer to Dena Bank offers you to pay lower EMIs and save money.
    Can I club the income of my spouse with mine and apply for joint home loan?
    You can club the income of your spouse to increase your loan eligibility if the spouse is co-owner of the property or guarantor of the loan.
    What is the benchmark applicable for home loan in Dena Bank?
    The benchmark applicable for home loan in Dena Bank is 1 Year MCLR.
    What is the effect of part payments on Dena Bank housing loan EMI ?
    Part payments help you in reducing the outstanding amount of loan which in turn will reduce the interest amount due. After making part payments, paying the same EMI will increase your involvement towards the principal amount which will help you in repaying the loan faster.
    How to increase my eligibility on Dena Bank housing loan?
    If your spouse or family member is earning well, you can make your spouse or family member the co-applicant for your loan. The combination of both of your income will help you in increasing your eligibility to get loan.
    How will interest rate on Dena Bank housing loan change in future?
    • Floating interest rate on Dena Bank housing loan is linked to its 1 Year MCLR Rate, which is currently at 9.40%. So, when Dena Bank offers a home loan at 9.40%, it applies a premium of 0% to its MCLR Rate to arrive at this home loan interest rate.
    • When RBI increases interest rates, the bank may increase its MCLR rate and the applicable interest rate for all existing and new home loans would increase. When RBI cuts interest rates and the bank reduces the MCLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

    Dena Bank Home Loan in India

    Dena Bank Home Loan Customer Care Number, Email, Application Status, Branches

    City Customer Care Number
    Agra 0522-2453344
    Ahmedabad 0241-2346012
    Ambala 1800-233-6427
    Anand 1800-225-740
    Aurangabad 0241-2346012
    Bangalore 1800-233-6427
    Bhilai 1800-233-6427
    Bhilwara 1800-225-740
    Bhiwadi 1800-233-6427
    Bhopal 1800-225-740
    Bhubaneswar Cuttack 1800-233-6427
    Bikaner 1800-225-740
    Chandigarh 1800-225-740
    Chennai 1800-233-6427
    Cochin 1800-225-740
    Coimbatore 1800-233-6427
    Dehradun 1800-233-6427
    Delhi 011-23414552
    Durg 1800-233-6427
    Faridabad 1800-233-6427
    Gandhinagar 0241-2346012
    Ghaziabad 1800-225-740
    Goa 0832 2269900
    Greater Noida 0522-2453344
    Gurgaon 1800-225-740
    Guwahati 1800-225-740
    Gwalior 1800-225-740
    Hyderabad 1800-233-6427
    Indore 1800-225-740
    Jabalpur 1800-225-740
    Jaipur 1800-225-740
    Jalandhar 1800-225-740
    Jodhpur 1800-225-740
    Kanpur 0512-2616330
    Karnal 1800-225-740
    Kolhapur 0241-2346012
    Kolkata 0341 2304567
    Kota 1800-225-740
    Kozhikode 1800-225-740
    Lucknow 0522-2453344
    Ludhiana 1800-225-740
    Madurai 1800-225-740
    Meerut 0522-2453344
    Mehsana 1800-225-740
    Mohali Sas Nagar 1800-225-740
    Mumbai 0241-2346012
    Mussoorie 0522-2453344
    Nagpur 0241-2346012
    Nashik 0241-2346012
    Noida 0522-2453344
    Noida Extn. 0522-2453344
    Panipat 1800-225-740
    Patna 1800-225-740
    Pondicherry 0413 2226738
    Pune 0241-2346012
    Raipur 0241-2346012
    Rajkot 1800-233-6427
    Ranchi 1800-233-6427
    Rohtak 1800-233-6427
    Roorkee 1800-225-740
    Salem 1800-233-6427
    Shimla 1800-225-740
    Sonepat 1800-225-740
    Surat 1800-225-740
    Trichy 1800-225-740
    Udaipur 1800-225-740
    Vadodara 1800-225-740
    Varanasi 1800-225-740
    Vijaywada 1800-225-740
    Vizag 1800-225-740
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Dena Home Loan Interest Rate News - Dec 2016
01st Sep 16 Dena Bank has reduced its MCLR from 1st September, 2016
Dena Bank has reduced its Marginal Cost Based Lending Rate (MCLR) by 5 basis point (bps) across maturities. The 1 year MCLR has been reduced to 9.45 percent from the current rate of 9.5 percent. The 3 month and 6 month MCLR has been reduced to 9.25 percent and 9.35 percent respectively. Similarly the Overnight MCLR has been reduced to 9.05 percent. These changes are effective from 1st September, 2016. . For borrowers who have taken a home loan from Dena Bank after 1st April 2016, the reduction in MCLR will translate into a reduction in their home loan rates and hence their interest outgo. However, if you have taken home loan at fixed interest rate then your interest expense will remain unchanged.
01st Aug 16 Dena Bank has reduced its MCLR from 1st August, 2016
Dena Bank has reduced its Marginal Cost Based Lending Rate (MCLR) across maturities, effective from 1st August 2016. The 1 year MCLR has been reduced by 5 basis points from 9.55 percent to 9.5 percent. The 3 month and 6 month MCLR has been reduced by 10 basis points to 9.3 and 9.4 percent respectively. Similarly the overnight and 1 month MCLR has been reduced by 15 basis points to 9.1 and 9.2 percent respectively. If you are a borrower of the Dena Bank and have taken loan after 1st April 2016, the reduction in loan rates should result in a lower interest burden and lower EMIs. However, if you have taken loan at fixed interest rate then you will not able to benefit by the rate cut.
13th Jun 16 Dena Bank reports Net Loss of Rs326.38 crore for Q4FY16
As per the result for Q4FY16, Dena Bank has reported Net Loss of of Rs.326.38 crore as the bank had to provide for higher provisions against bad loans. The loss was on account of a tax write-back of Rs.340.86 crore in the March quarter. The bank reported increase in Net Interest Income (NII) by 2.7 percent to Rs.625.17 crore, when compared on yoy basis. Non Interest Income of the bank also increased by 7.21 percent to Rs.215.87 crore. The Asset Quality showed signs of deterioration during the current quarter as Gross NPA in March quarter increased to 9.98 percent from 5.45 percent in year ago period. Net NPAs increased to 6.35 percent against 3.82 percent in previous quarter. Provision for NPA increased to 200 percent in March quarter to 1094.24 crore when compared on yoy basis.
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