Dena Niwas Housing Finance Scheme is a wonderful home loan policy offered by Dena Bank. The home loan is the ready answer to all your queries regarding home loans. With Dena Niwas Housing Finance Scheme your search for a home loans that suits all your need perfectly comes to an end.
You can take the benefit of Dena Niwas Housing Finance Scheme for purchasing a plot and constructing a house . You can buy a ready built house or a house that is under construction. If you want to extend your existing house or to purchase an existing house which is up to 25 years old then Dena Niwas Housing Finance Scheme is the bet possible option. The loan is also helpful at the time of repairs and up gradation. For shifting an existing home loans from other banks you can also take Dena Niwas Housing Finance Scheme.
For availing the Dena Niwas Housing Finance Scheme you have to be a major individual having a steady source of income. You can either be a non resident or a resident of India to avail for the loan. For the salaried persons the retirement age is the upper level for the maturity of loan while for the self employed person 65 years of age is the upper level of maturity of loan.
The total deduction including the loan installments will not exceed 60% of your gross income. To increase your creditworthiness you can club the income of your spouse or co applicant and get a bigger amount of loan.
Dena Niwas Housing Finance Scheme by Dena Bank gives a loan up to 100 lacs for the purchasing a house while offers loan amount up to 5 lacs for renovation and up gradation. The bank maintains a reasonable 15% margin. The interest on Dena Niwas Housing Finance Scheme is charged on the daily reducing balance method. The bank bank charges nothing for prepayment. With Dena Niwas Housing Finance Scheme you can get a free accidental insurance coverage up to 1 Lac and th bank also issues free debit card to you.
With all these facilities Dena Niwas Housing Finance Scheme is one of the best choices in home loans.