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Deutsche Bank Home Loan

Deutsche Bank
4.5

The bank offers a hassle free home loan with affordable interest rates, allowing individuals to meet their needs for a lifetime asset, such as purchasing a new house/apartment, renovating, expanding, or improving an existing home. Customers can get house loans from Deutsche Bank to fit their financial needs for a maximum of INR 10 crore. You can take advantage of the flexible repayment tenure. Additionally, you get the option of selecting a term ranging from 5 to 20 years.

  • Deutsche Bank
  • Home Loan
Loan Amount:₹5L - ₹25Cr
Interest Rate:6.6% - 6.9%
Processing Fee: 0.5% - 1%
Tenure:20 Years
Details
BanksInterest RateProcessing FeeLoan Amount/Tenure
Deutsche Bank

6.6% - 6.9%

0.5% - 1%

₹5L - ₹25Cr

Tenure(5 - 20 Years)

Details

Features and Benefits of Deutsche Bank Home Loan

You unlock certain features when you apply for a Deutsche Bank home loan.

  1. You can avail of a loan of up to INR 25 crore based upon property type and value.
  2. At max, you can get 75% of the current value of the mortgaged property.
  3. Easy and minimal documents are required for a quick approval.
  4. Availability of balance transfer for transferring existing loans to lower interest rates.
  5. A home loan is available at a floating interest rate.
  6. Easy eligibility criteria.
  7. Flexible loan repayment tenure.
  8. Availability of insurance plans to secure the mortgaged property.

Deutsche Bank Home Loan Overview

Deutsche Bank is one of the most well-known investment banks globally, providing its clients a wide range of financial services. Retail banking, wealth management, business process outsourcing, onshore investment banking, and asset management are among the company's offerings. The bank offers a hassle-free home loan with affordable interest rates, allowing individuals to meet their needs for a lifetime asset, such as purchasing a new house/apartment, renovating, expanding, or improving an existing home.

You can get a home loan from any bank that you believe would meet your needs. You can apply to any commercial or public bank. For home loans, each bank has a different rate of interest. Customers can get house loans from Deutsche Bank to fit their financial needs for a maximum of INR 10 crore. You can take advantage of the flexible repayment tenure. Additionally, you get the option of selecting a term ranging from 5 to 20 years.

Key Highlights 

  • Loan Amount up to INR 15 crore
  • Flexible repayment tenures ranging from 5 years to 20 years
  • Both salaried individuals and self-employed individuals can avail of a home loan. 
  • Finances up to 80 per cent of the total property cost

Deutsche Bank: Home Loan Eligibility Criteria

To avail of a home loan with utmost ease, you must be familiar with Deutsche Bank home loan eligibility criteria and other Deutsche Bank home loan requirements. The following table depicts the pointers you should consider availing a home loan without hindrance:

Age of the Applicant 23 years - 65 years
Employment Type Salaried individual or self-employed
Minimum Annual Income of the Applicant INR 5 lakh
Nationality Must be an Indian Resident

Deutsche Bank Home Loan Fees and Charges

Specifics Applicable Fees and Charges
Administration Fee At max up to one per cent of the approved loan amount
Interest Rate 6.6 per cent per annum onwards
Prepayment or Foreclosure
  1. Fixed-rate loan
Part-payment charges: 2.5 per cent of the prepaid amount Pre-closure charges: 2.5 per cent of the outstanding loan amount 
  1. Floating rate loan
Not Applicable 
Charges applicable on Bounced Cheques INR 500
Transaction Fee INR 500 (This includes a customer-initiated EMI, repayment tenure change, and part payment)
Stamp Duty Charges Based upon local rules and regulations along with the mortgage type.,
Fees to Retrieve Submitted Document  INR 500

Deutsche Bank Home Loan Interest Rates

Deutsche Bank offers specific types of home loans, including construction, renovation, expansion, and many other loans. The applicable home loan interest rate offered by Deutsche Bank begins from 6.60 per cent per annum.

Factors Affecting Deutsche Bank Home Loan Interest Rates

Home loan interest rate is inescapable as it determines the overall repayment amount. Your repayment amount consists of the principal and interest components. The principal component is fixed, whereas the interest component thoroughly depends upon the home loan interest rate. Thus, being familiar with the factors that affect interest rates becomes crucial. Here's a list of factors that helps banks in determining the applicable interest rate for a borrower:

Age of the Applicant

Deutsche Bank does not lend to people under 21 since they are considered risky borrowers who might not repay the loan amount. People over 60 are also ineligible for the loan since they may not have a steady source of income.

Credit Rating

The credit bureau keeps your credit score or CIBIL score, a vital indicator of your creditworthiness. If your credit score is low, your application may be refused or approved with a higher interest rate.

Stable Income

The lower the interest rates, the max money you save. When it comes to repaying loans, those with a high salary are believed to be trustworthy and responsible.

History of Repayment

You have a solid repayment history if you have consistently paid your loan EMIs on time. Because the bank will rely on you to repay the loan, the bank may grant you a lower home loan interest rate.

Defaults

If you have any defaults on your credit report, the bank may deny your loan application or charge you a high-interest rate.

Relationship with Existing Lender

If you open multiple regular accounts with a single bank, such as a savings account and a fixed deposit, you are called a loyal customer. This personal contact could help you get a better interest rate and approve your application.

Documents Required for Deutsche Bank Home Loan

Here is the list of documents required for a Deutsche Bank home loan:

Type of Document Salaried Individual Self-employed
Financial Proofs i. Salary Slip (three months) ii. Form 16/ Income Tax Return iii. HR Certificate which reflects allowances & reimbursements iv. Bank Statements (last six months) v. Repayment history of existing debts or loan closure certificate i. ITR (2 years) ii. Business continuity proof (3 years) iii. Profit & Loss account statement (2 years), certified by a CA iv. Bank Statements (last six months) v. Proof depicting the type of business
Age Proof (Anyone From the mentioned ones) i. Passport ii. Voter’s ID card iii. Birth Certificate iv. Driving License v. Aadhar Card vi. PAN Card Like the Salaried one 
Proof of Signature  i. Passport ii. Driving License iii. PAN Card iv. Banker’s Certificate Like the Salaried one
Identity Proof  i. Passport ii. Voter’s ID card iii. Driving License Iv. PAN Card or Aadhaar Card Like the Salaried one

How does the EMI calculation Work for Deutsche Bank Home Loan?

With an online Home Loan EMI calculator, computation of monthly instalments has become easier than ever. You just have to make three entries in the given section, including loan amount, repayment tenure, and interest rate. Based upon entered values, the EMI will be displayed on the screen. That's simple! This EMI will help you to determine the overall amount you will repay on the borrowed amount along with the interest component.

Balance Transfer Deutsche Bank Home Loan

Buying a house can appear to be a very enticing proposition at first. In addition, the interest on your loan may cause you financial difficulties in the future. Homebuyers can now save money by transferring their existing debt from a bank or financial institution to Deutsche Bank through the Home Loan Balance Transfer service. You could also take out a Top-Up Loan or another loan to help you meet your other obligations.

To avail of a Balance Transfer Home Loan from Deutsche Bank, you need to fulfil the following eligibility criteria: 

  1. Good repayment history and track record of at least 12 months
  2. To avail of a balance transfer loan, you should be above 23 years and at home loan maturity, your age should not be more than 62 years.
  3. Balance transfer facilities will be accessible for existing loans only from specific financial institutions. 
  4. The borrower needs to have the title document ownership.

How does Deutsche Bank Compare Interest Rates with Other Lenders?

Home Loan Interest Rates Per Annum

Name of Lender Up to 30 Lakh Above 30 Lakh & up to 75 Lakh Above 75 Lakh
State Bank of India 6.7% to 7.65% 6.7% to 7.75% 6.7% to 7.85%
HDFC 6.7% to 8.45% 6.7% to 8.6% 6.7% to 8.7%
Axis Bank 6.75% to 11.5% 6.75% to 11.5% 6.75% to 11.5%
ICICI Bank 6.7% to 7.55% 6.7% to 7.55% 6.7% to 7.55%
Kotak Mahindra Bank 6.55% onwards 6.55% onwards 6.55% onwards
PNB Housing Finance 6.99% to 12% 6.99% to 12% 7.15% to 12%
Punjab National Bank 6.55% to 7.95% 6.5% to 7.65% 6.5% to 7.6%
Bank of Baroda 6.50% to 8% 6.5% to 8% 6.5% to 8.25%
Union Bank of India 6.40% to 7.60% 6.40% to 7.65% 6.4% to 7.65%
IDFC First Bank 6.9% onwards 6.9% onwards 6.9% onwards
L&T Housing Finance 6.75% to 7.75% 6.75% to 7.75% 6.75% to 7.75%
Bajaj Finserv 6.7% to 14% 6.7% to 14% 6.7% to 14%
Godrej Housing Finance 6.49% onwards 6.49% onwards 6.49% onwards
Tata Capital 6.7% onwards 6.7% onwards 6.7% onwards
LIC Housing Finance 6.75% to 7.85% 6.7% to 8.05% 6.7% to 8.05%

Deutsche Bank Home Loan Customer Care Number

To contact the customer care executive and get assistance, call the toll-free number 18001236601. The executives are readily available for service round the clock throughout the week. 

FAQs

From refinancing to reducing your interest, we have the answers right here.

Does Deutsche Bank provide home loans at the best rate?

Yes, Deutsche Bank provides home loans at the best interest rate starting from 6.6 per cent. 

What is the home loan interest rate provided by Deutsche Bank?

Deutsche Bank provides home loans at an interest rate of 6.60% regardless of the type of applicant, i.e. salaried employee or self-employed.

Does Deutsche Bank check for a CIBIL score for a home loan?

Yes, Deutsche Bank considers the CIBIL score for determining the best possible home loan interest rate for the loan applicant.

What is the maximum amount of home loan I can get from L&T financial services?

You can get a home loan for a maximum of INR 25 crores. Based on the CIBIL score, repayment history, financial stability, and other considerations, Deutsche Bank offers the lowest home loan interest rate of 6.6 per cent.

Can I take two home loans at a time?

Yes, you can have two house loans simultaneously because there is no law prohibiting you from servicing more than one loan at a time.

When does the loan repayment period start?

When your loan money is disbursed into your loan account the following month, your home loan payback period begins.

Does Deutsche Bank have a fixed rate of interest on a home loan?

Deutsche Bank offers home loans at a floating rate of interest.

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