DCB Bank Home Loan Interest Rates
You can avail of a home loan from DCB Bank with interest rates starting at 8.25% per annum. This loan provides the convenience of choosing between floating and fixed interest rate options. Such loans are available for both self-employed and salaried applicants. This loan comes with a flexible repayment tenure ranging up to 20 years. The loan is backed by an attractive insurance scheme with adequate premiums to insure the loan amount.
Check Latest Home Loan Offer From DCB Bank
Compare DCB Bank Home Loan Interest Rates with Other Lenders
DCB Bank Home Loan interest rates are competitive in the market and can be compared with the rates offered by other top banks to determine the best option for your needs.
- Starting Interest Rate (p.a)
- Processing Fee
- Min. Loan Amount
Clix Capital HL Interest Rate
15% - 25%
Up to 10% of loan sanctioned
₹2L - ₹2Cr
Tenure(1 - 25 Years)
Ujjivan Small Finance Bank HL Interest Rate
13.75% - 17.75%
₹2L - ₹75L
Tenure(3 - 20 Years)
Hero FinCorp HL Interest Rate
2.5% of the loan amount + applicable taxes
₹10L - ₹3Cr
Tenure(1 - 30 Years)
Hero Housing Finance HL Interest Rate
₹1L - ₹3Cr
Tenure(Up to 30 Years)
DCB Bank is a private-sector commercial bank in India. The bank offers a range of financial products and services, including home loans. DCB Bank home loans are designed to help individuals finance the purchase or construction of a house.
The bank offers competitive interest rates on its home loans, making it a suitable option for those looking to borrow money for this purpose. The bank's home loan products are designed to meet the varied needs of different customers and come with attractive features such as flexible repayment options, easy documentation, and quick disbursal of funds.
DCB Bank Home Loan Highlights
DCB Bank offers home loan options with a variety of features and advantages to support your investment:
- The loan approval process is simple and fast, and the bank provides comprehensive assistance to ensure you get the maximum loan amount based on your income, which can reach up to Rs. 5 crores.
- You can choose a home loan with either a fixed or floating interest rate; the loan term can be up to 20 years.
- DCB Bank also provides up to 90% of the loan amount based on the property's market value.
- Additionally, the bank offers the option to transfer the loan balance to better interest rates or loan terms if they become available.
DCB Bank Home Loan Schemes
DCB Bank offers home loan schemes specifically tailored to meet the needs of both salaried employees and self-employed individuals. The home loan for salaried employees is designed to meet the needs of those who receive a steady income from their employer. This loan option offers competitive interest rates, flexible repayment terms, and the ability to access a considerable loan amount based on the applicant's income and repayment capacity.
On the other hand, the home loan for self-employed individuals is designed to meet the needs of those who are self-employed and do not have a steady income. This loan option is ideal for business owners, freelancers, and other self-employed individuals who may not have a regular source of income. The loan offers competitive interest rates, flexible repayment terms, and the ability to access a large loan amount based on the applicant's financial status and repayment capacity.
DCB Bank Home Loan: Fees and Charges
DCB Bank home loans come with various fees and charges, including processing fees, documentation fees, and other statutory charges. These fees may vary depending on loan amount and location and are subject to change without notice.
|Up to 2% of the loan amount, subject to a minimum of INR .5,000
|Annual Maintenance Charge
|Up to 1% on principal outstanding
|Part Fixed+Part Floating Interest Rates- NIL up to 25% of principal outstanding
|1% additional levy over existing Rate of Interest
|3% per month
|Cheque/ECS Swap Charge
|INR 500/- per event
|Property Document Retrieval Charge
|INR 500/- per event
|Cheque Bounce Charge
|INR 750/- per event
|INR 100/- per schedule
|Statement of Account
|INR 100/- per statement
|Rs. 100/- per statement
How to Calculate DCB Bank Home Loan Interest Rate EMIs?
To calculate your DCB Bank Home Loan interest rates on EMIs, use the EMI Calculator available on the bank's website or speak with a bank representative for personalised assistance. The interest rate and EMI will depend on factors such as loan amount, loan term, and rate of interest.
The interest calculation can be done using various online calculators or by using the formula:
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
- P is referred to as the Principal or loan amount
- R is referred to as the interest rate per month (the annual interest rate is divided by 12 to get the monthly interest rate)
- N is referred to as Number of monthly instalments or loan tenure in months.
Why Are DCB Bank Home Loan Interest Rates the Best for Customers?
DCB Bank offers competitive interest rates on their home loans, making them an excellent option for customers looking to invest in their homes. The bank's personalised approach to lending and commitment to providing high-quality customer service can help ensure that customers get the best rates available.
Factors Affecting DCB Bank Interest Rate and EMI
- Loan Amount: The more significant the loan amount, the higher the interest rate and EMI.
- Loan Term: A longer loan term will result in a lower EMI but a higher overall interest rate.
- Interest Rate: The interest rate offered by the bank will directly impact your loan's interest rate and EMI.
- Personal Credit Score: Your credit score will play a significant role in determining the interest rate offered by the bank. A higher credit score may result in a lower interest rate and vice versa.
Need Loan Assistance?
Connect with Loan Advisor Now!
Dcb Bank's Calculators
Other Loans Offered by Dcb Bank
Other Banks Home Loan Calculator
- Axis Bank Home Loan Calculator
- HDFC Bank Home Loan Calculator
- Bank of Baroda Home Loan Calculator
- Canara Bank Home Loan Calculator
- Union Bank of India Home Loan Calculator
- State Bank of India Home Loan Calculator
- IndusInd Bank Home Loan Calculator
- Punjab National Bank Home Loan Calculator
- YES Bank Home Loan Calculator
- Federal Bank Home Loan Calculator
- IDBI Bank Home Loan Calculator
- CITI Bank Home Loan Calculator
- IDFC FIRST Bank Home Loan Calculator
- Bank of Maharashtra Home Loan Calculator
- karnataka bank Home Loan Calculator
- Deutsche Bank Home Loan Calculator
- RBL Bank Home Loan Calculator
- Punjab & Sind Bank Home Loan Calculator
- Kotak Bank Home Loan Calculator
- Indian bank Home Loan Calculator
- Bank of India Home Loan Calculator
- HSBC Home Loan Calculator
Home Loan by Other Banks
- Bank of Baroda Home Loan
- Axis Bank Home Loan
- HDFC Bank Home Loan
- ICICI Bank Home Loan
- Bajaj Finserv Home Loan
- IndiaBulls Home Loan
- Canara Bank Home Loan
- Union Bank of India Home Loan
- DHFL Home Loan
- CITI Bank Home Loan
- YES Bank Home Loan
- Federal Bank Home Loan
- IndusInd Bank Home Loan
- State Bank of India Home Loan
- Hero FinCorp Home Loan
- Punjab National Bank Home Loan
- IDFC FIRST Bank Home Loan
- IDBI Bank Home Loan
- Kotak Bank Home Loan
- Ujjivan Small Finance Bank Home Loan
- Muthoot Finance Ltd Home Loan
- Godrej Housing Finance Home Loan
- Tata Capital Housing Finance Limited Home Loan
- Vastu Housing Finance Home Loan
- HDFC Sales Home Loan
- Indian bank Home Loan
- Capital First Ltd. Home Loan
- Home First Finance Company Home Loan
- Poonawalla Fincorp Limited Home Loan
- Hero Housing Finance Home Loan
- Clix Capital Home Loan
- Aditya Birla Finance Limited Home Loan
- Housing Development Finance Corporation Home Loan
- L&T Finance Home Loan
- HSBC Home Loan
- Reliance Capital Home Loan
- LIC Housing Finance Home Loan
- Bank of India Home Loan
- Fullerton India Home Loan
- IIFL Finance Home Loan
- Piramal Housing Finance Home Loan
- Edelweiss Financial Services Home Loan
- Aadhar housing Finance Home Loan
- Punjab National Bank Housing Finance Home Loan
- Capri Global Home Loan
- Punjab & Sind Bank Home Loan
- Bank of Maharashtra Home Loan
- karnataka bank Home Loan
- RBL Bank Home Loan
- Cholamandalam Finance Home Loan
- Deutsche Bank Home Loan
Home Loan Calculators
Frequently Asked Questions (FAQs)
Does DCB Bank provide a 90% home loan?
Yes, DCB Bank offers a 90% LTV on home loans.
What is the EMI for a 30 lakhs home loan for 20 years?
EMI for a 30 lakhs home loan for 20 years at an 8.25% interest rate comes to approximately INR 25,897.
How can I reduce my DCB Bank Home Loan interest rate?
To reduce your DCB Bank Home Loan interest rate, you can consider making a higher down payment, having a good credit score, opting for a longer loan tenure, and choosing a fixed interest rate. You can also negotiate with the bank for a better interest rate based on your financial profile and repayment history.