Owning a home is a symbol of stability, security, and achievement. In India, the dream of home ownership is deeply ingrained. A home loan can be your key to unlocking this dream and transforming your aspirations into a reality. DCB bank offers a fuss-free housing loan for those who want to buy a new home, buy a plot, or construct their house. The DCB bank loan interest rate starts from 9.75% and varies based on the individual.
Let's explore the comprehensive details of DCB bank home loans, interest rates, processing charges, and other crucial details.
Listed below are important highlights of DCB home loans:
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DCB Home Loan - Highlights |
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DCB Home Loan Amount |
Rs. 10 lakh to Rs. 5 crore |
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DCB Bank loan Interest Rate |
9.75% onwards |
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Loan Tenure |
20 years |
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Loan Processing Charges |
Up to 2% of sanction limit with a minimum of Rs. 5000 |
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Prepayment Charges |
Nil for floating rate loans, 4% on the amount paid during fixed tenure |
Last Updated on August, 2024. Source: DCB Bank
The DCB bank offers both fixed and floating interest rates for home loans. The fixed rate of interest is fixed for the loan tenure. Floating rates vary based on the changes in the bank rates. Fixed DCB housing loan interest rates are ideal for those who want stability with their EMIs. The interest rates are given below:
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DCB Home Loan Interest Rate (Salaried & Self-Employed) |
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Loan Amount |
Rate of Interest (Salaried) |
Rate of Interest (Self-Employed) |
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Up to 10 Lakh |
9.75% - 11.50% |
9.75% - 14.50% |
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10 Lakh - 15 Lakh |
9.75% - 11.30% |
9.75% - 13.50% |
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15 Lakh - 20 Lakh |
9.75% - 11.20% |
9.75% - 13.00% |
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20 Lakh - 30 Lakh |
9.75% - 10.75% |
9.75% - 12.00% |
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30 Lakh - 50 Lakh |
9.75% - 10.50% |
9.75% - 10.75% |
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50 Lakh - 75 Lakh |
9.75% - 10.50% |
9.75% - 10.75% |
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Greater than 75 Lakh |
9.75% - 10.50% |
9.75% - 10.75% |
Last Updated on August, 2024. Source: DCB Bank
DCB offers one type of home loan for all your housing needs to enable stress-free loan applications. Whether you want to buy a new home, buy a land or plot, or construct your house, you can approach the bank for a housing loan. The important features of DCB housing loan are:
Applying for a home loan under DCB is a simple process. Here are the steps that need to be followed:
To make it easier for customers to avail themselves of home loans, DCB provides an online form where you can enter your contact details so that bank representatives can get in touch with you. This approach offers a personalised loan experience for customers as your loan is tailored to your needs.
Here is a list of documents required to get your DCB home loan:
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Documents Required for DCB Home Loan Application |
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Documents |
Salaried |
Self Employed |
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Application Form |
Duly filled and signed by the applicant and all co-applicants and Annexure R for the beneficial owner as and when required |
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Photograph |
Latest passport-sized photographs of all applicants |
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Mandatory document |
PAN card |
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Proof of Identity |
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Proof of Address |
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Age proof (Any one) |
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Bank Statement |
Latest 6 months' bank statement for the salary account |
Latest 1-year statement for all business accounts |
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Proof of income |
Latest 3 salary slips or salary certificates |
Latest 3 years ITRs with computation of income and certified financials and all supporting documents |
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Proof of turnover |
NA |
Latest 2 GST returns, if applicable |
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Proof of continuity |
Form 16 of last 2 years company's appointment letters |
Trade license or statutory license |
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Proof of qualification |
NA |
For professionals, a copy of the highest professional degree |
Last Updated on August, 2024. Source: DCB Bank
Refer to the table below to know the several charges associated with the DCB Bank housing loan application process:
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DCB Bank Home Loan - Processing Fee & Other Charges |
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Particulars |
Charges |
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Application login fee |
Rs. 3,000 per application |
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Processing fee applied on sanctioned limit/Amount/Enhancement |
2% of the loan amount per application with a minimum of Rs. 5000 |
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Valuation charges |
Nil |
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Legal charges |
Nil |
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Stamp duty and registration |
As per state government laws |
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Amortisation Schedule |
Rs. 250 per schedule |
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Statement of account |
Rs. 250 per statement |
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Foreclosure statement |
Rs. 250 per statement |
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Part prepayment & Full prepayment (foreclosure) |
For fixed ROI, 4% on the amount paid during the fixed tenure of the loan only Nil for floating ROI |
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Change in interest rate after disbursal on sanctioned amount |
1% per modification with a minimum of Rs. 5000 |
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Annual maintenance charges |
1% of the utilised amount yearly if the average utilised limit during the year is less than 70% |
Last Updated on August, 2024. Source: DCB Bank
Here is a comparative analysis of the home loan interest rates provided by the top banks in India:
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Top Banks' Home Loan Interest Rates 2024 |
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Name of Lender |
Up to Rs. 30 Lakh |
Above Rs. 30 Lakh to Rs. 75 Lakh |
Above Rs. 75 Lakh |
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8.50%-9.85% p.a. |
8.50%-9.85% p.a. |
8.50%-9.85% p.a. |
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8.70% p.a. onwards |
8.70% p.a. onwards |
8.70% p.a. onwards |
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8.50% - 10.35% p.a. |
8.50% - 10.55% p.a. |
8.50% - 10.75% p.a. |
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8.75% p.a. onwards |
8.75% p.a. onwards |
8.75% p.a. onwards |
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8.70% p.a. onwards |
8.70% p.a. onwards |
8.70% p.a. onwards |
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8.50% - 14.50% p.a. |
8.50% - 14.50% p.a. |
8.50%-11.45% p.a. |
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8.45% - 10.25% p.a. |
8.40% - 10.15% p.a. |
8.40% - 10.15% p.a. |
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8.40% - 10.65% p.a. |
8.40% - 10.65% p.a. |
8.40% - 10.90% p.a. |
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8.85% p.a. onwards |
8.85% p.a. onwards |
8.85% p.a. onwards |
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8.65% p.a. onwards |
8.65% p.a. onwards |
8.65% p.a. onwards |
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8.75% p.a. onwards |
8.75% p.a. onwards |
8.75% p.a. onwards |
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8.80% p.a. onwards |
8.80% p.a. onwards |
8.80% p.a. onwards |
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8.75%-13.30% p.a. |
8.75%-13.30% p.a. |
8.75%-9.65% p.a. |
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8.55% p.a. onwards |
8.55% p.a. onwards |
8.55% p.a. onwards |
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Last Updated on August, 2024.