Deutsche Bank - 8.75% for Home Loan - New Purchase Home Loan

Deutsche Bank Home Loan:

Deutsche Bank is one of the leading investment banks that offer financial services to its customers.

Its range of services includes retail banking, wealth management, business process outsourcing, on-shore investment banking, and institutional equities brooking and asset management.

The bank provides a hassle-free home loan at competitive interest rates, which helps an individual to meet his/her requirement to build a life time asset starting from purchasing a new house/flat/apartment or even for home

renovation, expansion or improvement.

Interest Rate

8.75% onwards

Processing Fee

Up to 1% of loan amount.

Repayment tenure

From 5 years to 20 years

Loan Amount

Up to 15 crores

 

Key Features of Deutsche Bank Home Loan:

1. Loan available for both salaried and self-employed.

2. Documentation is simple and easy, leading to a quicker processing of the application submitted.

3. Loan tenure options ranges from 5 years to 20 years.

4. Security: Mortgage of property you are planning to purchase, renovate, or construct.

 

Deutsche Bank loan interest depends upon:

1. Your Salary:

Income helps you in identifying your rate of interest.

Bank's rate varies with your monthly income. Higher the income, lesser will be the rate

 

2. Type of loan opted for:

Deutsche 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.

 

3. Existing bank customers:

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

 

Deutsche Bank Home Loan:

Apply

If you want to get a housing loan from Deutsche 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 Deutsche Bank representatives

will get in touch to begin the process of getting a home loan.

You will also be assisted by APNARUPEE.COM housing loan advisor to ensure that all the lending process is smooth, quick and you get the best house loan from Deutsche Bank.

You can also do a comparison of Deutsche Bank Home Loan Interest rates and other charges using 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.

 

Deutsche Bank Home Loan Documents:

For Salaried employees:

1. Filled up loan application form.

2. Two Passport Size Photo.

3. ITR of last 2 years.

4. Identity Proof - Passport/ Driving License/ 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’ pay slip, 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. Filled up loan application form.

2. Two Passport Size Photo.

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.

 

Deutsche Bank Home Loan Schemes:

1. Home Purchase Loans

Commonly known as home loan or housing loan are provided for buying houses or apartments. Banks usually offer 80 to 85% of the market value of the property as loan.

They are available for various tenure periods and with fixed and floating interest rates.

This can be used for purchasing new homes or old homes which have entered the real estate market as resale.

 

2. Land Purchase Loans

This type of loan is provided for the purchase of land or empty plot for residential activity, construction or investment purpose.

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 land.

 

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 and 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 or improvement work. They are extended towards all construction and renovation work. 

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

 

5. Home expansion loans

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

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

These projects could vary from Rs. 20,000 to more than Rs.10 lakhs based on the project.

 

Frequently Asked Questions:

Q1. How is the interest on the loan of Deutsche Bank calculated?

The loan interest under Deutsche Bank is calculated basically under two schemes namely fixed rate and Floating Rate.

 

 Q2. How do you increase Deutsche Bank home loan limit?

If you have a good credit score, salary, working in a very good company with nil or very little debt you can negotiate for better loan amount with the bank.

You can also co-borrow the loan in which case the combined salary can get you a better loan amount.

The last option is applying for a top up loan which with good standing with bank and record of proper payment of EMI is attainable.

 

Q3. What objects of the loan applicant can be used as a security by the Deutsche Bank?

Basically, an applicant can avail Deutsche housing loans by securing the title deed of the property as collateral.

That title has to be precise and free from any sorts of errors.

 

Q4. Who can be a co-applicant of the home loan from Deutsche Bank?

Generally, the spouse/parent/sibling becomes the co-applicant of the Deutsche home loan, as well as their income, is also clubbed for repaying the loan amount.

Other than that, any other co-owners of the property become the co-applicant of the home loan under Deutsche Bank.