DCB Bank Housing Loan:

DCB Bank Is a large private bank with the lowest home loan percentage rate in India.

Currently, the bank offers home loans starting from 9.75% p.a.* with quick approval.

Home loan in DCB Bank is quite popular with their special features and attractive rates under various DCB Bank home Loan schemes for different income and occupation.

 

Some of the key features of the DCB bank are given below:

1. DCB bank charges a processing fee of up to 2.00%, minimum Rs.5000.

2. Loan Tenure of Home Loan Ranges from 5 years to 30 years.

3. The lowest EMI per lakh on a home loan from DCB bank is per lakh offered at the lowest interest rate at the longest loan tenure of 30 years.

4. DCB bank allows prepayment of home loans with Nil charges on the floating rate loans.

5. DCB bank has an average customer rating of 5/5.0 from customers who have taken home loans from DCB bank.

 

Some of the details of the DCB bank are given below:

Interest Rate	9.75% p.a.*
Loan Amount	Rs 10 lakh-Rs 5 crore
LTV Ratio	Up to 90% of property value processing
g Charges	1%-1.25%

 

DCB Bank housing loan interest depends upon:

1. Loan amount:

 The housing loan rate in DCB  Bank depends upon the loan amount you apply for.

The higher the loan amount, the lesser will be the rate.

 

2. Your Salary:

Income helps you identify your rate of interest. The bank's rate varies with your monthly income.

The higher the income, the lesser will be the rate.

 

3. Type of loan opted for:

DCB Bank also offers differential rates for women borrowers and also under their fixed and floating rate schemes.

The rate of interest may be higher or lower under their special or popular loan product offers.

 

4. Existing bank customers:

DCB Bank offers one of the lowest home loan rates to its existing bank account customers given their past relationship with the bank.

 

DCB Bank Home Loan Processing Fee and Other Charges:

In addition to interest rates, home loans from DCB Bank also carry some other charges which include:

1. Processing Fee -

DCB Bank applies 0.25% processing charges to account for its expenses incurred for conducting a credit appraisal and completing the lending process.

 

2. Technical and Legal Charges -

DCB Bank also charges technical and legal charges which are explained to the customer during the loan process.

Once you go through the loan application process, you will need to pay these charges based on DCB Bank rules.

 

3. Prepayment Charges - 

If you decide to foreclose or transfer your housing loan to another bank, you need to apply for the same to DCB Bank.

As per RBI rules, banks are not allowed to charge prepayment penalties on floating-rate home loans.

Hence, you can prepay your home loan with DCB Bank at Nil charges.

 

DCB Housing Loan:

Apply

If you want to get a housing loan from DCB Bank, the process to get the loan is fairly easy.

All you need to do is to apply for a home loan at Apnarupee.com.

We are a channel partner of all top banks in India including HDFC, SBI, Axis Bank, etc.

Your loan application will be processed online and DCB Bank’s representatives will get in touch to begin the process of getting a home loan.

You will also be assisted by Apnarupee.com personal housing loan advisor to ensure that the lending process is smooth and quick and you get the best house loan from DCB Bank.

You can also do a comparison of DCB Bank’s Home Loan Interest rates and other charges using the Apnarupee.com comparison tool.

Once you apply online, you can check the real-time status of your home loan application in your customer account section of Apnarupee.com.

 

DCB Bank Home Loan Documents:

For Salaried employees:

1. Fill up the loan application form.

2. Two 2 Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN.

5. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport.

6. Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit.

7. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

For Self-Employed:

1. Fill up the loan application form.

2. Two passport-size photos.

3. Identity Proof - Passport/ Driving License/ Voter ID/ PAN.

4. Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (up to 3 months old), Passport

5. Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA,

copy of partnership deed and proof of business existence and business profile

6. Property Documents - Past title chain: Conveyance deed, Sales deed, Allotment letter, Possession letter, Latest property tax receipt, Copy of approved plan for construction/ extension.

 

Home Loan Schemes:

1. Home purchase loans

Commonly known as home loans or housing loans are provided to buy houses or apartments.

Banks usually offer 80 to 85% of the market value of the property as a loan.

They are available at various types of tenure periods and with fixed and floating interest rates.

This can be used for purchasing new homes or old homes that have entered the real estate market at a rate.

 

2. Land Purchase Loan

This type of loan is provided for the purchase of land or empty plots for residential activity. 

Construction or investment purposes.

This loan cannot be used for buying any agricultural plot of land.

Unlike home loans where the loan amount provided is about 80 to 85% of the price of the property, land purchase loans are offered only up to 70% of the cost of the end.

 

3. Home construction loan

Home construction loans are provided for the sole purpose of constructing a home on an already available piece of land.

The land can be an empty plot or demolishing an existing house and building a new one in its place.

The loan amount provided for this is normally 85% to 90% of the construction cost.

 

4. Home Improvement Loans 

These loans help the borrower with all home renovation and improvement work.

They are extended toward all construction and renovation work.

This could include paint jobs, new flooring work plumbing, or exterior elevation works are all covered under home improvement loans.

 

5. Home Expansion Loans

These loans are provided to the borrower for expanding their existing home.

This includes expanding a single room and adding additional rooms to the building on a new floor above the existing house.

These projects could vary based on the projects.

 

Frequently Asked Questions:

Q. What are the documents are required for home loan DCB?

Ans. To apply for the DCB bank home loan, you will be required to submit DCB home loan documents such as a home application form with attested photographs

along with various other documents such as identity proof, bank statements, resident proof, property papers, and loan account statements if any.

 

 Q. Which is the best DCB home loan scheme?

Ans. Choosing the best DCB home loan scheme is subjective to the requirements of the home loan applicant.

For instance,  there are different home loan offers for the purchase, construction, or renovation of a home.

Therefore, choosing the best DCB home loan scheme is based on one’s needs.

 

Q. Is DCB good for a home loan?

Ans. DCB is one of the best home loan lenders in the country.

 

Q. What is the eligibility for a home loan from DCB Bank?

Ans. The eligibility to avail of a Home loan is set across the applicant’s age and income.

The age of the applicant should range between 18-70 years.

Further, the minimum income of the applicant should be Rs.25,000 along with a good credit score of 650 and above.