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The doorway to your Dream Home
A Loan for different needs
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. The loan even helps you build an extension to
your existing house or purchase a house that is up to 25 years
old. 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 like HSBC
, Punjab National Bank etc 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.100 lakhs for the purchase of a house.
- Up to Rs.5 lakhs
for renovation/upgradation.
Margin
15%
Rate of Interest
- INTEREST CHARGED ON
DAILY REDUCING BALANCE
- NO PREPAYMENT CHARGES
- FREE DEBIT CARD WITH INSURANCE COVER OF RS. 1 LAC IN CASE
OF ACCIDENTAL DEATH
- LOAN LIMIT OF RS. 100 LACS.
- PURCHASE OF HOUSE UPTO 25 YEARS OLD ALLOWED
- FLOATING RATE LINKED TO BPLR & NOT ANY INDEX/ REFERENCE
RATE
Repayment
Upto 20 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 the sanctioned loan amount.
Source: http://www.denabank.com/
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