Highlights
- DCB Bank Home Loan Interest Rate is customized to benefit borrowers
- Read the page and know how to maximize from DCB Bank Home loan Interest Rate
To buy your dream home you can borrow funds from the DCB Bank. The bank offers loans up to INR 3 crore. The user can get either a fixed or floating interest rate over the loan. While a fixed-rate loan will imply the same rate of interest throughout the loan tenure, the floating rate will mean changes in the interest rate with the change in market conditions. DCB Bank Home Loan Interest Rate is based on the income and repayment potential of an applicant.
Read this page further to know how the interest rates of the DCB Bank Home Loan can help you in repayment.
DCB Bank Home Loan Interest Rate April 2025
These are the latest Home Loan interest rates offered by DCB Bank 2025 -
| Category | Details |
|---|---|
Interest Rate | 9.75% p.a. to 14.50% p.a. |
Loan Amount | From Rs. 2 Lakhs to Rs. 3 Crore |
Tenure | Up to 25 years |
Processing Fee | Upto 2% or Rs. 5,000 whichever is higher |
CIBIL Score | Above 700 |
Benefits of DCB Bank Home Loan
Here are some of the benefits of a DCB Bank home loan, read the content below to understand properly -
- Quick Processing
Experience fast loan approval with minimal documentation, ensuring swift processing. - Insurance Coverage
Secure your loan with attractive insurance plans, offering protection in case of unexpected events. - Loan Transfer Facility
Transfer your existing loan from another lender, and benefit from a top-up loan amount option along with additional advantages. - Complementary Zero Balance Savings Account
Along with your DCB Business Loan, you can enjoy a complementary zero-balance savings account.
Minimal Eligibility Criteria For DCB Bank Home Loan
These are the minimum eligibility requirements for DCB Home Loan -
- Minimum Age Requirement: Applicant must be at least 21 years old.
- Maximum Age Limit: Applicants can be up to 65 years old based on their income.
- Minimum Property Size: A minimum of 226 sq. ft. built-up area for residential properties.
- Property Age Limit: The maximum permissible age of the property is 70 years.
Documentation for DCB Bank Home Loan
Here are the documents that are required by the salaried, self-employed, and Non- Professionals who are seeking or wanting to apply for a DCB Bank Home Loan -
| Documents | Salaried | Self Employed Professional | Self Employed Non-Professional |
|---|---|---|---|
Loan application form duly signed | Yes | Yes | Yes |
Color passport-size photographs | Yes | Yes | Yes |
Self-attested standard proof of age, identity, address & signature verification as per KYC policy | Yes | Yes | Yes |
Proof of Aadhaar number & PAN Card (Mandatory) | Yes | Yes | Yes |
Last 3 months Salary-slip/ Form 16 | Yes | - | - |
Income Tax Return for the past 2 financial years | - | Yes | Yes |
Last 2 years Chartered Accountant certified/ audited Balance Sheet and Profit & Loss Account | - | Yes | Yes |
Bank account statement/ Passbook for last 6 months | Yes | Yes | Yes |
Property ownership proof | Yes | Yes | Yes |
Business continuity proof | - | Yes | Yes |
Processing fee cheque | Yes | Yes | Yes |
Information regarding loan availed with its track record (for all existing loans from any Financial Institution such as any Bank, NBFC, buy now pay later, Credit Card Loan, loan against Fixed Deposits, Gold Loan, etc.) | Y | Y | Y |
Other Charges on DCB Bank Home Loan
These are the charges that are applied to the DCB Bank Home Loan -
Application login fee | Rs.2,500 plus GST |
Valuation Charges | NIL |
Legal charges | NIL |
Amortization Schedule | Rs.250 per schedule |
Foreclosure statement | Rs.250 per foreclosure statement |
Part prepayment & Full prepayment (foreclosure) | Fixed - 4% Floating - NIL |
Duplicate No Objection Certificate/No Dues Certificate | Rs.250 per certificate |
Revalidation of No Objection Certificate | Rs.250 per certificate |
Cheque deposited return | Rs.150 per instance |
Calculate Monthly EMIs of DCB Bank Home Loan
To calculate your DCB Bank Home Loan EMIs at various interest rates, use the Wishfin online DCB Bank Home Loan EMI calculator for a quick and easy calculation.
You can simply put the following details -
- Loan Amount
- Tenure
- Interest Rate
For Ex: The table below displays the equal monthly payments (EMIs) for a Rs. 50,00,000 home loan with interest rates ranging from 9.75% p.a. to 12% annually for terms of one to 25 years. You can change the loan amount and other details to suit your needs.
| Tenure (In Years) | EMI (at 9.75% interest rate) | EMI (at 12% interest rate) |
|---|---|---|
5 | Rs. 1,05,621.22 | Rs. 1,11,222.24 |
10 | Rs. 65,385.12 | Rs. 71,735.47 |
15 | Rs. 52,968.13 | Rs. 60,008.40 |
20 | Rs. 47,425.84 | Rs. 55,054.31 |
25 | Rs. 44,556.87 | Rs. 52,661.21 |
DCB Bank Home Loan Balance Transfer
If you are servicing home loan EMI obligations somewhere else but finding it hard to do so because of higher interest rates, think of switching the outstanding balance to DCB Bank at a lower interest rate. This will help reduce EMI and interest outgo. See the example below to know the kind of savings you can have on transferring the outstanding balance to DCB Bank at a lower rate.
For example, Rita has borrowed a loan of INR 80 lakh at an interest rate of 13.00% per annum. And now she needs to lower the burden of her home loan. She went to DCB Bank and they offered her an interest rate of 11.00% for her existing loan. So, she has decided to do a balance transfer. And before applying for it she makes calculations of her savings schedule after the transfer. Have a look at the below table to know what amount she has saved with the DCB Bank home loan interest rate.
| Particulars | Details |
|---|---|
| Original Loan Amount | INR 80,00,000 |
| Interest Rate | 13.00% |
| Tenure | 20 years |
| EMI @13.00% | INR 93,726 |
| Estimated Interest Outgo @13.00% | INR 1,44,94,254 |
| Interest Paid Till 8 Years | INR 78,16,000 |
| Outstanding Balance at the End of 8th Year | INR 68,18,298 |
| EMI @11.00% for the Remaining Years | INR 85,471 |
| Interest Payable @11.00% for the Remaining Years | INR 54,89,545 |
| Interest Paid Till Now + Interest Payable Over the Next 12 years | INR 1,33,05,545 |
| Estimated Savings in Terms of EMI | INR 8,255 |
| Estimated Savings in Terms of Interest Payment | INR 11,88,709 (1,44,94,254 - 1,33,05,545) |
So from the above example, you must have got an idea of the savings. But do not forget to add the nominal transfer fee which DCB Bank can charge on this balance transfer deal. Deducting the fee will give you the resultant savings.
Conclusion
Make your dream of owning a home a reality with a DCB Bank Home Loan. Whether you’re purchasing a ready residential property, a property under construction from an approved developer, or a resale property, DCB Bank offers flexible loan options to suit your needs. Explore competitive DCB Bank Home Loan interest rates to invest in your dream home today.
FREQUENTLY ASKED QUESTIONS
1. What is the latest home loan interest rate in DCB Bank?
The latest DCB Bank home loan interest rates are 9.75% p.a. upto 14.50% p.a.
2. Who is eligible for a DCB home loan?
The eligibility for DCB Home Loan is that the applicant must be at least 21 years old, applicants can be up to 65 years old based on their income, and a minimum of 226 sq. ft. built-up area is required for residential properties.
3. What is the minimum CIBIL score the applicant should require?
The CIBIL Score Requirement for a DCB Home Loan should be above 700.
4. What are the closure charges of the DCB Bank home loan?
The Prepayment Charges of DCB Bank Home Loan closures are -
- 4% of the outstanding loan amount if foreclosed before 3 years.
- 6% if foreclosed after 3 years.
5. What are the charges for DCB home loan closure?
The maximum tenure for a DCB Home Loan is up to 25 years. However, the final loan tenure depends on factors such as the borrower's age, the property's age, and DCB Bank's lending policies.
