About DCB Bank Home Loan
Home loan is more about making right kind of steps at the right time. You should not take a home loan on the first come first served basis as this is not about buying a dress or electronics. It requires more calculations, perfect decision making, and knowledge regarding terms & conditions of the home loan. Before applying for a home loan, you should visit at least two-three different banks personally to get more information about their home loan, a rate of interest and application process. You can also use various online portals to compare the rate of interest and other charges of different banks to get more information.
Apply for a home loan after making comparative study and analysis of different banks. You can take a loan for any of the banks for purchasing a flat/apartment/house. The banks also provide loan for renovation/reconstruction and repair of the existing property. Home loan is also available to buy a plot of property. DCB bank provides customized home loan to customers who want to buy a property. You can avail a home loan up to maximum 90% of the property value if you are purchasing a property of below Rs. 20 lakhs. The loan amount ranges from a minimum Rs. 10 lakhs to a maximum up to Rs. 5 crores. Here are some important features and benefits of DBC home loan.
DCB Bank Home Loan Details
| Category | Details |
|---|---|
| Interest Rate | As Applicable |
| Loan Amount | INR 10 Lakhs - INR 5 Crores (Upto 90% of the Market Value of the Property) |
| Tenure | 20 - 30 Years |
| Processing Fee | Upto 2% of the loan amount, with a minimum of INR 5,000, plus applicable GST charges |
| Prepayment Charges | NIL |
DCB Bank Home Loan Eligibility
In order to become eligible for DCB Bank home loan, you need to meet the below eligibility criteria:
- The minimum age of the applicant is 25 years.
- An individual should be less than 65 years.
- He/she should be a salaried or self-employed with regular income.
- An individual should earn more than the minimum required income.
DCB Home Loan Interest Rates November 2023
The bank offers home loan on fixed rate of interest and floating rate of interest. In fixed rate of interest the interest rate remains same for the whole tenure, whereas the interest rate keeps on changing month by month on the basis of the outstanding principal amount in the case of floating rate.
DCB Bank Home Loan EMI Calculator 2023
Suppose, you are interested in availing a loan of Rs. 60,00,000 from DCB Bank for 20 years at the rate of 10.64% per annum than what would be your EMI? Are you interested in knowing that? If yes, you can easily calculate the same with the help of an EMI calculator. Yes, this calculator allows you to know your EMI by doing all the calculations for you. This tool takes into the account, your loan amount, interest rate and tenure, and gives you the results in return. You just need to enter these fields into a calculator, it will give you the results instantly. Well, to make you understand below is the calculation done by the calculator for your home loan:
| Field | Value |
|---|---|
| Interest Rate | 10.64 % p.a. |
| Loan Amount | INR 60,00,000 |
| Tenure | 20 Years |
| EMI | INR 60,468 |
| Total Interest Amount | INR 85,12,344 |
| Total Amount (Principal + Interest) | INR 1,45,12,344 |
Documents Required for DCB Bank Home Loan
| Documents required from salaried individual | Documents required from self-employed |
|---|---|
| Application form with self-attested photograph | Application form with self-attested photograph |
| Age proof (PAN card / Passport / Mark sheet with date of birth / Birth certificate) | Age proof (PAN card / Passport / Mark sheet with date of birth / Birth certificate) |
| Proof of identity (Voter's ID card / Passport / Employer's card / Aadhar card) | Proof of identity (Voter's ID card / Passport / Employer's card / Aadhar card) |
| Proof of residence (Passport / Driving Licence / Aadhar card / Voter’s ID card) | Proof of residence (Passport / Driving Licence / Aadhar card / Voter’s ID card) |
| Latest 3 month’s salary slip | Proof of business existence and years in business |
| Form 16 | 2 years of income tax returns along with financial statements |
| Latest 6 month’s bank statement | Bank statements - individual and business of the last 6 months |
| Copy of title documents | Copy of title documents |
| Processing fee cheque | Processing fee cheque |
Features of DCB Bank home loan
• DCB offers you maximum loan amount based on your income
• Easy and faster loan approval with full assistance
• Maximum loan amount up to Rs. 5 crore
• Enjoy balance transfer facility available on loan
• Loan available on floating & fixed rate of interest
• Maximum loan tenure is up to 20 years
• Get upto 90% of loan amount of market value of property
DCB Bank Home Loan Application Form
You can apply for home loan online by visiting the website of DCB Bank and filling the required details asked in the application form. You can also visit the bank branch to submit your home loan application form. DCB Bank, upon scrutinization of the documents, will sanction home loan within 5-10 days of application submission date. Subsequent to the sanctioning of home loan, the surveyor of the bank will visit the property you want to buy. The surveyor will then make a legal and technical report after assessing the condition and existing market value of the house property. Based on the report and market value, the valuation of the property will be set by the DCB Bank. The bank will then disburse loan equivalent to 90% of the property value.
DCB Bank Home Loan Application Status
After submitting the application form, you would be curious to check the status of the same. You can do that by visiting the website of DCB Bank and click ‘Track Your Application Status’ link. After clicking the link, a screen will open asking you to enter the Application ID, mobile number and e-mail ID. Just put the details and know the status of your loan application.
DCB Bank Home Loan Statement
If you have taken a home loan from DCB bank, it is obvious that you also want to get the monthly statements for the same. Don’t worry, with DCB bank home loan, you will surely get your monthly statements on a regular basis. With these statements, it is easy to check and monitor each and every activity related to your home loan. Now, you don’t have to call the bank or visit the branch near you so as to get your statements. They will automatically reach to your inbox, giving detailed information on your home loan.