You can avail of Dena Niwas Home Loan to purchase a plot, construct a house or buildings, 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 renovation, 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 or Financial Institution.

Eligibility

• 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%

Special Benifits

• 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

Process Fees : 0.50 % of the sanctioned loan amount.