A home loan is a significant financial commitment that requires careful planning and informed decision-making. It’s not something to be taken impulsively, like buying clothes or gadgets. Before applying, it’s essential to research and compare offerings from at least two or three banks—either by visiting them or using online portals to evaluate interest rates, charges, and terms. Make your decision only after a thorough comparison to ensure the best deal. Home loans can be used for purchasing a flat, apartment, or house, as well as for renovating, reconstructing, or even buying a plot. DCB Bank home loan solutions with amounts ranging from Rs 2 Lakh to Rs 3 Crore.
DCB Bank Home Loan Interest Rate Details
The table below will show you the latest DCB Bank Home Loan interest rate with all the necessary details about the home loan.
| Category | Details |
|---|---|
Interest Rate | From 9.75% p.a. up to 17% p.a. |
Loan Amount | upto Rs 3 Crore |
Tenure | Up to 25 Years |
DCB Bank Home Loan Eligibility
To become eligible for a DCB Bank home loan, you need to meet the following eligibility criteria:
Eligibility Criteria:
- Minimum Age (Applicant): 21 years
- Maximum Age (At Loan Maturity): 65 years (for income-earning applicants)
- Minimum Property Size: 226 sq. ft. (built-up area, residential)
- Maximum Property Age: Up to 70 years
Documents Required for DCB Bank Home Loan Application
Check out the document required list from the table below according to the job profile -
| Documents | Salaried | Self-Employed Professional | Self-Employed Non-Professional |
|---|---|---|---|
Duly filled and signed loan application form | Yes | Yes | Yes |
Colour passport-size photographs | Yes | Yes | Yes |
Self-attested KYC documents (age, ID, address, signature proof) | Yes | Yes | Yes |
Aadhaar & PAN Card (Mandatory) | Yes | Yes | Yes |
Last 3 months’ salary slips / Form 16 | Yes | No | No |
Income Tax Returns (last 2 years) | No | Yes | Yes |
CA-certified/audited Balance Sheet & P&L (last 2 years) | No | Yes | Yes |
Bank account statement/passbook (last 6 months) | Yes | Yes | Yes |
Property ownership proof | Yes | Yes | Yes |
Business continuity proof | No | Yes | Yes |
Processing fee cheque | Yes | Yes | Yes |
Existing loan details with repayment history | Yes | Yes | Yes |
How Can You Calculate EMI for DCB Bank Home Loan?
Suppose you are interested in availing a loan of Rs. 60,00,000 from DCB Bank for 20 years at the rate of 9.75% per annum, then 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, Wishfin DCB Bank Home Loan EMI Calculator allows you to know your EMI by doing all the calculations for you. This tool takes into 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:
| Tenure | Interest Rate - 9.75% p.a. | Interest Rate - 17% p.a. |
|---|---|---|
5 | Rs 1,26,745.46 | Rs 1,49,115.45 |
10 | Rs 78,462.15 | Rs 1,04,278.59 |
15 | Rs 63,561.76 | Rs 92,340.26 |
20 | Rs 56,911.01 | Rs 88,008.03 |
Fees/Charges of DCB Bank Home Loan
Here are the additional fees/charges in addition to the Home loan interest rates -
| Particulars | Details |
|---|---|
Processing Fee | 2% of the loan amount or Rs 5,000 (whichever is higher) |
Part prepayment & Full prepayment (foreclosure) |
|
Valuation charges | NIL |
Legal charges | NIL |
Foreclosure statement | Rs 250 per statement |
Amortization schedule | Rs 250 per schedule |
Stamp duty and registration | As per the State Government Laws |
No Dues Certificate/Duplicate No Objection Certificate | Rs 250 per certificate |
Statement of Account | Rs 250 per statement |
Features of the DCB Bank Home Loan
- High Loan Amount Eligibility: DCB Bank assesses your income to offer a suitable loan amount, going up to Rs 3 crore, making it easier to fund your dream home.
- Quick Approvals & Assistance: Experience faster processing with full guidance from application to disbursal.
- Balance Transfer Facility: Already have a home loan elsewhere? You can transfer it to DCB Bank to enjoy better terms or lower interest rates.
- Flexible Interest Options: Choose between floating or fixed interest rates as per your financial comfort and market conditions.
- Longer Tenure: Repay conveniently over a maximum tenure of up to 25 years.
- High Loan-to-Value (LTV): Get up to 90% of the property's market value, reducing your upfront burden.
DCB Bank Home Loan Customer Care Details
For any queries related to home loans, there is a DCB Bank Home Loans customer care number for people who want to get in touch with the bank through the following channels:
- Toll-Free Numbers: 1800 209 5363 / 1800 123 5363
- Email: [email protected]
DCB Bank’s support team is available to assist with application status, document requirements, repayment details, and other home loan-related concerns.
Summary!
DCB Bank Home Loan offers a flexible and customer-friendly solution for individuals looking to buy, construct, or renovate their dream home. With loan amounts of up to Rs 3 crore, competitive home loan interest rates as fixed and floating rates, and repayment tenures extending up to 25 years, the bank ensures affordability and ease. Applicants can also benefit from quick approvals, high loan-to-value ratios of up to 90%, and the option to transfer existing home loans from other banks for better terms. DCB Bank’s personalized approach and seamless processing make it a reliable choice for home financing.
FREQUENTLY ASKED QUESTIONS
1. What is the latest home loan interest rate offered by DCB Bank?
The latest DCB Bank home loan interest rate starts from 9.75% p.a. to 17% p.a.
2. What is the maximum loan amount I can get from DCB Bank?
DCB Bank offers home loans of up to ₹3 crore, depending on your income, repayment capacity, and property value.
3. What is the maximum loan tenure available?
You can repay your DCB home loan over a period of up to 25 years, allowing for flexible and manageable EMIs.
4. Who can apply for a DCB Bank Home Loan?
Both salaried and self-employed individuals with a stable income source and a good credit profile are eligible.
5. How much of the property value can I get as a loan?
You can avail up to 90% of the property’s market value as the loan amount, based on eligibility and other factors.
6. Are there any processing fees for the DCB Bank Home Loan?
Yes, 2% of the loan amount or Rs 5,000 (whichever is higher) is the processing fee for the DCB Bank Home Loan.
