Dena Bank Loan Against Property

About Dena Bank Loan Against Property

People invest in property as it is an asset that can be utilised in times of need. You can make your idle property work for you and avail loan by mortgaging it. Dena Bank provides loan against freehold, un-encumbered, non-agricultural property, residential or commercial property. The amount availed can be used to fulfill various dreams and desires such as higher education of kids or their marriage. It can be used to finance a foreign trip or medical treatment. The loan is provided for the maximum value of up to ₹ 5 crores. Check the details and apply now for instant approval.

Loan Against Property

    Personal Details

    Dena Bank Loan Against Property Details

    ParticularsDetails
    Interest Rate9.95% - 11.60%
    Loan AmountMinimum - ₹2 lakh
    Maximum - ₹5 crores
    Tenure10 years
    Processing Fee1% of the loan amount
    Prepayment Charges0.50% of the sanctioned amount

    How to Apply

    The customer willing to avail the loan has to fill the application form. The form is available at the nearest bank branch or can be downloaded from the bank’s official website. The customer can also apply for the loan online.

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    Dena Bank Loan Against Property EMI Calculator

    For the one who finds calculation a hectic task, EMI Calculator is a comfort. Loan Against Property EMI calculator is a tool that helps in the speedy calculation of the loan repayment amount. It computes the installment amount that the borrower has to pay to the lender to settle the credit availed. It helps in anticipating the repayment value and plan future expenditure accordingly. It is user-friendly and provides the accurate result in the shortest time possible. The user just has to insert the loan amount, tenure and interest rate in the calculator and the result will be processed instantly.

    For example – The customer availing the loan of amount ₹30 lakhs for the period of 10 years at the interest rate of 10.30% p.a., has to repay the amount as stated in the table provided below:

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount

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

    Year Principal Interest Balance Amount

    Dena Bank Loan Against Property Eligibility Criteria

    To avail the loan, the applicant needs to qualify the eligibility standards that are as stated below –

    • The minimum age of the applicant has to be 21 years
    • An applicant should either be a salaried individual, professional, self-employed or an agriculturist.
    • The applicant should be an income tax assessee for at least 2 years
    • The minimum net monthly income should at least be ₹ 12,000

    Dena Bank Loan Against Property Documents Required

    Following is the list of documents are required to be submitted at the time of application:

    • Loan application form
    • Identity proof (PAN Card/Driving License/Voter ID/Adhaar Card, etc.)
    • Address proof (Driving License/Voter ID/Adhaar Card/Ration card, etc.)
    • Income proof
    • Salary slip
    • Bank statements
    • Property details

    Features

    • Loan tenure up to 10 years
    • 50% margin
    • Decent rate of interest
    • Nominal processing fee
    • 0.50% prepayment charges

    Personal Loan Interest Rates December 2017
    Bajaj Finserv 10.99% - 16.00%
    Fullerton India 14.00% - 33.00%
    HDFC Bank 10.99% - 20.70%
    ICICI Bank 10.99% - 18.40%
    IndusInd Bank 12.99% - 20.00%
    Kotak Bank 10.99% - 17.99%
    RBL 14.00% - 18.00%
    Standard Chartered Bank 10.99% - 14.49%
    Tata Capital 11.49% - 18.00%
    Home Loan Interest Rates December 2017
    State Bank of India/SBI 8.30% - 8.60%
    HDFC 8.35% - 8.95%
    Bank of Baroda 8.30% - 9.30%
    LIC Housing 8.35% - 8.70%
    PNB Housing Finance 8.35% - 8.70%
    ICICI Bank 8.35% - 8.85%
    Axis Bank 8.35% - 8.75%
    Citibank 8.60% - 9.35%
    Indiabulls Housing Finance Limited 8.35% - 8.55%
    Kotak Bank 8.35%
    EMI Calculator