Dena Bank waives off home loan processing fee

Diwali is long over, but banks sure seem to be in the festive mood.

Diwali witnessed a number of banks rolling out offers on loans. Now, as part of their festival season offer, Dena Bank today offered to completely waive off processing fee on their home loans.

On personal loans and gold loans, they are now offering a 50 percent waiver on processing fee. The festival season offer is valid up to 31 December.

[caption id=“attachment_544693” align=“alignleft” width=“380”]  As part of their festival season offer, Dena Bank today offered to completely waive off processing fee on their home loans. Reuters[/caption]

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“The bank has has also extended 50 percent concession in processing fee for its Dena Trade Finance Scheme under which credit facilities up to Rs 2 crore are extended within the eligibility criteria of the scheme and Dena Doctor Plus scheme under which credit facilities up to Rs 2 crore are extended to doctors within the eligibility criteria of the scheme for setting up clinic and purchasing medical equipments,” a release from the bank said.

In the past, the bank had reduced rate of interest for various loans, for instance, housing loans, car loans, educational loans and personal loans. These lowered interest rates were effective from 4 September, 2012.

Currently, the bank offers a rate of interest between 10.45-11.00 percent on home loans, while their car loans are in the ranges from 11-12 percent, education loans are at 12 percent and personal loans range from 13-14 percent.