About DCB Bank Home Loans

A private sector scheduled commercial Indian bank, DCB Bank Ltd is headquartered in Mumbai, Maharashtra and was founded during the 1930s. It has come a long way from its humble beginnings in the early 20 th century. DCB Bank has a solid network of around 328 branches and more than 550 ATMs across the country today. It offers all kinds of financial products, including DCB Bank home loans to individuals, medium-size corporates and medium and small size businesses, through its efficient branch network.

DCB Bank home loan can be availed by businessmen, salaried individuals, private limited companies and partnership firms. You can avail the loan for construction on an already acquired piece of land, purchase of land or purchase of an already constructed new house. The loan can be availed for a maximum of 90% of the property’s market value and the loan amount can range anywhere from INR 10 lakh to INR 5 crore. In order to offer maximum flexibility to the customers, DCB Bank offers its home loans at both floating as well as fixed interest rates.

Following are more details on DCB Bank home loans including eligibility criteria, features and the involved charges.

Home Loan Eligibility Criteria for Salaried / Employed

As mentioned above, DCB Bank Home loan can be availed by people from all backgrounds whether they are salaried individuals, businessmen, partnership firms or private limited companies. In order to prove your eligibility as a salaried person, you’d need to furnish your salary slips of the last 3 months apart from 6 months’ bank statement and Form 16. Self-employed people can prove their income eligibility by submitting a proof of business existence, individual’s and business’ bank statements of the past 6 months and income tax returns of the past 2 years along with all the financial statements. You can find more and updated details related to DCB Bank home loan eligibility criteria below.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

6 – 10 yearsk

Overall Employment

6 – 10 years

Tenure Current Employment

750 Points

CIBIL Score (=>)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income
(Doctors/ CA)

5 – 10 Years

Post Qualification experience a
(Doctors / CA)

5 – 10 Years

Post Qualification experience a
(CS / Architect)

750 Points

CIBIL Score (=>)

DCB Bank Home Loan Features / Details

DCB Bank home loans can be availed on both floating as well as fixed interest rates depending upon your budget and needs. The bank has dedicated relationship managers that have a good understanding of customers’ requirements and can assist them at every stage of the home loan process. DCB Bank even offers customized programs through which you can avail the maximum loan amount possible, based on the income proof submitted by you. The home loan is disbursed in the easiest and fastest manner possible. You can even transfer your already existing home loan from another bank or financial institution to DCB Bank at an attractive interest rate. DCB Bank Home loan can also be covered by attractive insurance plans offered by the bank itself. The interest rate offered on the loan is dependent upon the prevailing market rates. Up-to-date and more details related to DCB Bank home loan features can be found below.

8.40%

Interest Rate (Min)

5 – 30 Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

DCB Bank Home Loan Fees / Charges

As is the case with majority of home loan products from banks and financial institutions, there is a specific processing fee applicable to DCB Bank home loans as well. This processing fee can be up to 2% of the home loan amount or a minimum of INR 5000. There are zero pre-closure charges if you choose to close your loan after one year from the date of complete disbursement. Below provided are more details related to DCB Bank home loan fees and charges.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees