DCB Bank - 12.72% for Loan Against Property - Loan Against Commercial Property

DCB Bank Loan against Property

DCB Bank is one of the largest private sector bank in the country that offers the lowest rates on loan against property.

Currently the bank offers loan starting from 12.72% p.a.* onward with the quick approval and easy process.

The bank offers special features and attractive rates in for the different income and occupation groups.

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

Interest Rate	12.72% p.a.* onward
Max Tenure	15 years
Processing Fee	Upto 2% of the loan amount, subject to a minimum of Rs.10,000/
Age	Min 21 and Max 60 years for Salaried Min 21 and Max 65 years for Self Employed

 

Taking a loan from DCB Bank has the following benefits:

1. Maximum loan up to 10 years

2. Maximum time for loan could be 15 years

3. 11% is the highest interest rate of loan

4. Long term repayment benefit

5. Benefit to buy another property

 

DCB Bank Loan against Property

Apply:

If you want to get a loan against property 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, ICICI, etc.

Your loan application will be processed and DCB Bank (Loan against Property) Loans 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 loan against property from DCB Bank.

You can also do a comparison of DCB Bank Loan against property rates and other charges using the Apnarupee.com comparison tool.

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

 

Factors Affecting DCB Bank Loan against Property Interest Rates:

Loan amount: 

Property loan rates in DCB Bank depend upon the loan amount you apply.

 

Your Net Monthly Income: 

Income helps you in identifying your rate of interest. Higher the income, higher will be your repayment capacity increasing your eligibility for higher loan amount.

 

Type of loan opted for: 

DCB Bank offers differential rates for customer’s different profiles and also fixed and floating rate schemes.

Loan against property interest rates may be higher or lower for special loan products.

 

Type of property: 

Typically, loans against prime residential properties are easier to get and can be availed at the lowest rates compared to loans against commercial and industry properties.

 

Your profession: 

DCB Bank may charge a higher interest rate on a mortgage loan to a salaried person than a self-employed professional or a businessman.

A self-employed professional or businessman is expected to deploy loan proceeds for productive purposes in his occupation or

business compared to salaried people who will most likely take a mortgage loan for his personal purposes.

 

DCB Bank Loan Against Property Documents Required:

For Self-Employed:

1. Filled up loan application form

2. 2 Passport Size Photo

3. ITR of last 3 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. 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

 

For Salaried employee:

1. Filled up loan application form

2. 2 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

 

Property documents:

1. Registered Sale Deed/ Conveyance/ Lease Deed

2. Past Sale Deeds Chain (each transaction in respect of this property since first allotment

3. Latest House Tax Return/ Receipt

4. Approved Building Plan from Municipal Corporation

 

DCB Bank Schemes:

1. Residential property:

Homeowners can apply for LAP from DCB bank to acquire funds for personal usage and pay off unsettled debts in a hassle-free manner.

It could be a property in which you live in or any other meant for personal usage.

Commercial Property:

Properties used for official usage are better known as commercial ones.

Business entities and corporations own such properties against which loan is available for official purpose only.

 

2. Lease Rental Discounting

Another line of property is rented one.

Property owners that have given their piece of flat or building for rent can also apply for LAP.

Under this monetary aid, one can apply for loan by showing rental receipts and lease contract for a stipulated period of time.

The obvious advantage you have with this type of loan is paying monthly rental as loan EMI in a hassle-free manner.

 

3. Loan Against Plot

A piece of loan can also bring you external source of cash basically from DCB bank.

This means, LAP is also applicable on plots either meant for personal or for commercial usage.

 

Frequently Asked Questions:

 

Q. What is the DCB Banks loan against property interest rate?

Ans. DCB bank offers the loan against property at a rate of 12.72% p.a.* onwardwith lowest EMI.

 

Q. Did the DCB Bank loan against property rates drops?

Ans. Yes, DCB Banks loan against property rates has decreased by the 0.25% from the previous rate of 12.72% p.a.*

 

Q. How to increases my eligibility On DCB Bank Loan against property?

Ans if your spouse of family members is earning well, you can make your spouse or family member the co applicant for your loan.

The Combination of both of your income will help you in increasing your eligibility to get a loan.

 

DCB Bank Loan against Property News - March 2023:

 

2021-01-27: DCB Bank reported Q3 profit at Rs. 96.21 crore.

DCB bank posted a net profit of RS. 96.21 Crore for the third quarter ended December 2020.

Further, it reported a total income of Rs. 1,023.86 crore backed by home, personal and gold loan along with the business and mudra loans.