Dena Bank Home Loan in Kochi

About Dena Bank Home Loan Kochi

Dena Bank Home Loan Kochi invites individuals whether salaried employees, self-employed professionals or businessmen to accomplish their home loan dreams. The Kochi borrowers have a reason to rejoice as interest rates are flexible so as to accommodate their different kinds of needs. The loans are available at stipulated criteria which fall upto ₹ 200 lakhs for the purchase/construction of homes and upto ₹ 10 lakhs for renovation/upgradation purposes.

Dena Bank Home Loan Kochi at a glance

ParticularsDetails
Interest Rate8.80% - 8.95%
Loan AmountUp to ₹ 200 lakhs for the purchase/construction of a house.
Up to ₹ 10 lakhs for renovation/upgradation.
TenureUpto 30 years-for the purchase of a new flat/house/construction/extension.

Upto 10 years- for repairs, renovation and upgradation.
Processing Fee0.50% of sanctioned limit.
Pre-payment ChargesNil

Eligibility Criteria

Individuals applying for Dena Bank Home Loan need to fulfill the following criteria:

  • Borrowers need to be a major individual, resident or non-resident, having a regular source of income.
  • The borrowers age at the time of loan maturity should be less than the retirement age in case of a salaried employee and below 65 years, in case of a businessman.
  • The total deductions do not exceed 60% of your gross income which include the loan installment of the proposed loan.
  • Spouses/Co-applicants income can also be considered for enhanced eligibility.

Documents Required

Borrowers whether salaried employees or self-employed professionals need to produce the following documents :

  • Identity Proof-PAN Card/Passport/Voter ID/Driving License/Aadhaar Card
  • Address Proof-Utility Bill/Passport/Aadhaar Card/Voter ID
  • Income Proof-Latest Salary Slips & Form 16 for Salaried Professionals along with Profit & Loss A/C Statement & Audited Balance Sheet for the Last 3 Years.
  • Bank Account Statement for the Last 6 Months.
  • Track record of existing loans, if any.
  • Details of property you look to buy & construct.

To know more details, visit Home Loan Kochi

Address of Dena Bank Branches in Kochi

Branch NameComplete AddressIFSCMICRContact Number
ErnakulamPB NO.1792, XXX/537, M.G.ROAD, Ernakulam, Cochin, Kerala - 682016BKDN06203716820180010484-2351414
Cochin - Naval BaseINCS Complex, Naval Base, Cochin - 682004BKDN06204656820180030484-2667351/2666460

 

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