DCB Bank Home Loan Interest Rate

DCB Bank offers home loan interest rates beginning at 8.25%. (EBLR). DCB provides housing loans ranging from Rs.10 lakh to Rs.5 crore. Depending on your needs and comfort, you can obtain loans with both fixed and adjustable interest rates. Individuals who are salaried or self-employed can apply for the loans. The processing cost is 2% of the loan amount, with a minimum of Rs.5,000.

DCB Bank Home Loan

This scheme is for the acquisition/construction of a new house, land purchase and construction, and availability of balance transfer and top-up loans.

Features of the DCB Bank Home Loan

  • DCB provides you with the maximum loan amount based on your income.
  • Simple and quick loan approval with complete assistance.
  • The maximum loan value is Rs. 5 crores.
  • Make use of the loaned balance transfer facility.
  • Loans are offered with both fluctuating and fixed interest rates.
  • The maximum loan term is 20 years.
  • Receive up to 90% of the loan amount based on the property's market value.

DCB Bank Home Loan Interest Rate 2022

Here are the tables of the DCB Bank home loan rate of interest-

For the Salaried

Amount

DCB Home Loan Interest Rate

Rs. 25 lakhs

8.25%

Rs. 25 lakhs to Rs. 75 lakhs

8.25%

Rs. 75 lakhs to Rs. 1 crore

8.25%

More than Rs. 1 crore

8.25%

For Self-Employed

Amount

DCB Bank Housing Loan Interest Rate

Rs. 25 lakhs

8.25%

Rs. 25 lakhs to Rs. 75 lakhs

8.25%

Rs. 75 lakhs to Rs. 1 crore

8.25%

More than Rs. 1 crore

8.25%

Who is Eligible for the DCB Bank Home Loan Application?

To be qualified for a DCB Bank home loan, you must meet the following requirements:

  • The applicant must be at least 25 years old.
  • A person should be under the age of 65.
  • He or she should be employed or self-employed and have a steady source of income.
  • An individual should earn more than the bare minimum.

Documents Required

Mentioned here are some of the mandatory documents required while applying for the home loan:

  • Passport sized photos
  • ID Proof
  • Address proof
  • salary slips
  • Form 16
  • Age proof
  • GST returns
  • Bank statement
  • Registration certificate
  • Deeds
  • Title

Processing Fee of DCB Bank Home Loans

DCB Bank provides home loan interest rates starting at 8.25% (EBLR). DCB offers mortgages ranging from Rs.10 lakh to Rs.5 crore. Loans with fixed and adjustable interest rates are available, depending on your needs and convenience. Individuals who are working or self-employed are eligible to apply for loans. The processing fee is 2% of the loan amount, with an Rs.5,000 minimum.

DCB Bank Home Loan Application Process

Here are the steps involved in applying for a home loan from DCB Bank:

1) Application

a) You can apply for a house loan online by going to the DCB Bank website and filling out the application form with the necessary information. 

  • You will find the application in the loan section of the portal.
  • You will have to choose the apply option and check for eligibility.
  • You will have to fill in all of the details required in the form.
  • Along with that attach the documents that are mentioned above, based on the type of applicant you are.

b) You can also submit your home loan application form in person at a bank branch. After reviewing the paperwork, DCB Bank will sanction a house loan within 5-10 days of the application submission date. 

Following the approval of the house loan, the bank's surveyor will inspect the property you wish to purchase. After examining the state and current market value of the dwelling property, the surveyor will prepare a legal and technical report.

The DCB Bank will determine the property's value based on the report and market value. The bank will then grant a loan for 90% of the property's worth.

2) Status

You'll want to know the status of your application once you've submitted it. You could do so by going to the DCB Bank website and clicking the 'Track Your Application Status' option.

When you click the link, a screen will appear requesting you to enter your Application ID, mobile number, and e-mail address. Simply enter your information to find out the status of your loan application.

3) Statement

If you have a DCB bank house loan, it is natural that you would like to receive monthly statements for the same. You will receive your monthly statements on a regular basis if you have a DCB bank home loan. With these statements, you can easily examine and monitor all of your home loan activity.

You no longer need to call the bank or visit a branch near you to obtain your statements. They will automatically arrive in your mailbox and provide specific information on your home financing.

Looking to Invest?
Open an account with Groww and start investing for free
INVEST NOW
Loading...
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.4.0
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI