DCB Bank Home Loan Interest Rates

4.5

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.

  • Home Loan offer for You

  • 9.75% - 15%

    Interest Rate (p.a.)
  • ₹5L - ₹10Cr

    Tenure(1 - 20 Years)
  • ₹2,112 - ₹2,379

    EMI Per Lakh
  • Home Loan offer for You
  • 9.75% - 15%

    Interest Rate (p.a.)
  • ₹5L - ₹10Cr

    Tenure(1 - 20 Years)
  • --

    Processing Fee

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
  • Rating
  • Min. Loan Amount
  • 5 Lac
  • 20 Cr
Years
  • 5
  • 30
%
  • 6
  • 20

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹10,00,000

Interest Payable

Total Amount Payable

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.

Particulars Charges/Fee
Processing Fee Up to 2% of the loan amount, subject to a minimum of INR .5,000
Annual Maintenance Charge Up to 1% on principal outstanding
Prepayment Charges Part Fixed+Part Floating Interest Rates- NIL up to 25% of principal outstanding
Penal Charges 1% additional levy over existing Rate of Interest
Penal 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
Amortisation Schedule INR 100/- per schedule
Statement of Account INR 100/- per statement
Foreclosure 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]

Here, 

  • 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.

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.

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