How Dena Bank Home Loan Is a Perfect Housing Solution?

For every housing finance issue, Dena Bank gives you the right solution via its loans. And to get your problems solved, you need to apply for a home loan from Dena Bank. Using the loan, you can buy a house, renovate your property and make an extension to your property. A maximum INR 5 crore finance amount Dena Bank offers to the customers for their housing finance. Read this article and know about the features of Dena Bank home loan.

BOB advantage on Dena Bank home loans!

After the merger of Dena Bank with Bank Of Baroda the customers get the advantage of a high loan amount and an attractive rate of interest. The PSB merger helps the borrower in getting a floating interest rate to their borrowed amount. It helps them have a flexible interest rate that changes with the repo rate of the bank that is 8.00%. The interest rate on Dena Bank home loan charges based on the risk percentage that is dependent on your credit history and score. 

For example, if your credit score is 700 or above the risk percentage would be 1% and the computed Dena Bank home loan is Base Lending rate plus risk percentage that is 9.00% per annum. So one of the main advantages that the borrower gets from Dena Bank on a home loan is an interest rate that makes their loan payments affordable.

How to apply for Home Loan from Dena Bank?

To get your loan, you can visit the Bank Of Baroda's official website. Dena Bank gives you the online service with the help of Bank Of Baroda with which you can get your loan application online. There is no need for you to visit the bank branch for the first step of your home loan. You can do it at your home with the help of the Dena bank service. Just dial 846 700 1111 and give a missed call to get in touch with the bank representative and ask any query about the loan.
The next step can be processed easily once you get the approval of the first step, that is when the Dena bank home loan application is processed. Submit a few documents that have the details of your income, home purchase or construction documents and KYC proof.

Pay the loan to Dena Bank with its longer tenure!

You can select the duration of payment from 30 years, and choose the tenure that helps you get the EMI which fits in your income. The benefit of a longer tenure makes Dena Bank home loan the preferred loan for you. As with the help of it, you can manage a high interest rate when the tenure option is wider. Because with that the borrower can opt for a longer repayment duration and gets the EMI managed. BOB also gives the benefit of 0.25% of concession on your car loan if you pay the Dena Bank home loan timely without due or default. 

And after the payment, you can claim the tax deductions on your home loan if you want to under the income tax act of 80C, 24b and 80EE. You can also apply for Dena Bank home loan under PMAY scheme to get the benefit of subsidy. So get every housing solution at Dena Bank with its home loans.