DCB Bank Home Loan

DCB Bank is an emerging new-generation private sector bank with over 435 branches PAN-India. The bank is regulated by the RBI and boasts of the latest state of art internet banking and financial offerings such as home loans. DCB home loans start at an ROI of 9.75% per annum. The bank charges a processing fee of up to 2.00% of the loan amount or a minimum of Rs. 5000 for each home loan application. Eligible borrowers can easily get DCB Bank home loans with minimum paperwork. Some popular offerings of the DCB Bank are Home Loans, Micro Home Loans, and  DCB Bank Mortgage Loans.

DCB Bank Home Loan EMI Calculator

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DCB Bank Home Loans Key Highlights

Get the lowest interest rates with DCB Bank

Loan Amount Up to 5 crores
Rate of Interest Starts at 9.75% per annum
RPLR
Processing Fee

Up to 2.00% of the loan amount (Minimum Rs. 5000)

Maximum Tenure for Repayment 20 years
Penal Rate of Interest
Rate Packages Fixed/Floater
Charges for Prepayment/Foreclosure Floater: Nil - Part Fixed + Part Floater: Nil - 25% of the outstanding principle

DCB Bank Home Loan Interest Rates in 2024

The DCB home loan interest rates start at 9.75% per annum and may go up depending on the repayment capacity, eligibility, and plan chosen by an applicant. The table below enlists the current DCB Bank home loan interest rate 2023:

 

Loan Slab Interest Rate for Home Loan
Fixed Plans (For Salaried) Starts at 9.75% per annum 
Fixed Plans (For Self-Employed) Starts at 9.75% per annum 
Floater Plans (For Salaried) Starts at 9.75% per annum 
Floater Plans (For Self-Employed) Starts at 9.75% per annum 

Interest rates were last updated on 28th August 2023

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DCB Bank Home Loan Eligibility Criteria

DCB Bank offers home loans at attractive interest rates with minimum eligibility criteria to make it easy for each aspiring homeowner to own a home. Home loans are offered to both Indian Residents and NRIs. However, there has to be a co-applicant, who is an Indian Resident, for an NRI borrower to apply for a DCB home loan. The table below enlists DCB Bank home loan eligibility criteria for your reference:

Eligibility Parameters For Salaried Individuals For Self-Employed Individuals
Age Range (in years) 21 - 65 Years 21 - 65 Years
Nationality Indian Resident/ NRIs Indian Resident/ NRIs
Minimum Income Earned Nothing Specific Nothing Specific

DCB Bank Home Loan Processing Fee and Charges

To process each home loan application, DCB Bank charges a processing fee of up to 2.00% of the loan amount, or a minimum of Rs. 5000. Besides; the bank also charges other fees to offer the customer a seamless experience in applying and getting home loans. The table below enlists the updated DCB Bank home loan processing fee and charges:

Processing Fee

Up to 2.00% of the loan amount (Minimum of Rs. 5000)

Collection Charges
  • Rs. 100 + Applicable Taxes per call
  • Rs. 250 + Applicable Taxes per visit made to recover the dues
Annual Maintenance Charges

Up to 1.00% of the outstanding principle

Duplicate NOC or No Objection Certificate

Rs. 100 per instance

Statement of Account

Rs. 100 per instance

Foreclosure Statement

Rs. 100 per instance

Loan Agreement Copy

Rs. 500 per instance

Part Pre-Payment/ Full Pre-Payment Charges

Floater: Nil

Part Fixed + Part Floater: Nil - 25% of the outstanding principle

Cheque Bounce Charges

Rs. 750 per instance

Cheque or Instrument Swapping Charges

Rs. 500 per instance

Re-Pricing Charges

Up to 1.00% of the outstanding loan amount (Minimum of Rs. 5,000)

Penal Interest

3.00% per month

Property Documents Retrieval Charges

Rs. 500 per set

Amortization Schedule

Rs. 100 per schedule

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DCB Bank Home Loan Schemes and Top Plans

DCB Bank offers home loans up to Rs. 5 crores to eligible borrowers, who can be salaried, self-employed, Indian Residents or NRIs. Have a look at the DCB bank home loan schemes:

1. DCB Regular Home Loans

  • Ideal for those keen to purchase a home or land, or construct a home on an already-bought land
  • Maximum loan amount up to Rs. 5 crores
  • Loan-to-Value Ratio of up to 90% of the Property Cost
  • Flexible Balance Transfer Facility
  • Additional Top-Up loans

2. DCB Micro Home Loans

  • Ideal home loan scheme for informal employed segments like traders, small hoteliers, food stall owners, barbers, and so on.
  • Minimum loan amount starting from Rs. 1 lakh up to Rs. 15 lakh
  • Quick loan approvals with attractive ROI

Note: All of the above home loan plans are made available to applicants solely at the discretion of DCB bank, taking into consideration the earning and repayment capacity of the applicant.

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Documents Required For DCB Bank Home Loan

To approve a home loan to any applicant, any bank or NBFC asks for a set of KYC documents related to identity, address, and income. Shared below is the complete list of DCB Bank home loan documents required for salaried as well as for self-employed borrowers:

Documents Required for Salaried Applicants

Proof of Income
  • Salary slips for the last 3 months
  • Salary account statements for the last 6 months
  • ITR for the last 2 years
Other Required Documents
  • Duly filled and signed application form with a passport-size photograph
  • A processing fee cheque in favour of DCB Bank 

Documents Required for Self-Employed Applicants

Proof of Income
  • Trade License or Statutory License
  • Bank Statements of all business accounts for the last 1 year
  • Professional Qualification Proof
  • Last 2 GST Returns 
  • ITR for the last 3 years
Other Required Documents
  • Duly filled and signed application form with a passport-size photograph
  • A processing fee cheque in favour of DCB Bank

Common Documents Required from Both Salaried and Self-Employed Applicants

Type of Document Documents Required
Identity & Address Proof

Voter ID, Driving License, Aadhaar Card, Copy of Passport, PAN Card

Documents Related to Property
  • Sale Deed, Allotment Letter
  • Certificate of Occupancy
  • Payment receipts for payments made to the builder
  • Permission to construct
  • Copy of approved plan
  • Registered Development Agreement of the builder
  • NOC (No Object Certificate from the builder or the housing society)
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How to Apply for DCB Bank Home Loan?

The procedure for a DCB home loan apply is quite simple and can be online in the following manner:

  • Proceed to the APPLY NOW section on the website - BASIC Home Loan
  • Fill in the form by entering your Name, Contact details and submit the form
  • The team from BASIC Home Loan will reach out to you to initiate a hassle-free Home Loan application process

Find DCB Bank Home Loan Offices Near You

If you are planning to visit one of the offices of DCB Bank Home Loan near you to understand the DCB Bank Home Loan Offer in details and apply for the Home Loan, you can simply fill in the Free Consultation form and the team of BASIC Home Loan will reach out to you for needful assistance in the process.

Disclaimer:

Interest rates and fees on home loans vary based on eligibility and lender criteria. All applicable fees and charges are subject to relevant taxes and can change at the lender’s discretion. For the most current information on home loan interest rates, processing fees, other applicable charges, and updates on eligibility criteria and loan offers, please visit the official website of the bank.

FAQs

The current ROI for a DCB bank home loan starts at 9.75% per annum. However, we suggest you verify the same from the official bank website.

A CIBIL Score of 700 and above is considered good to get a DCB Bank home loan.

The loan foreclosure charges for a DCB bank home loan are nil for a floater plan and up to 25% of the outstanding principal amount for a part fixed and part floater plan.

The minimum monthly salary for a DCB home loan is Rs. 25,000.

An eligible borrower may fetch a DCB home loan of up to Rs. 5 crores. The minimum loan amount sanctioned by the bank is Rs. 10 lakhs.

It may take 5 to 10 days to get approval for a DCB bank home loan. Try submitting all the required KYC documents and the processing fee to get hassle-free home loan approvals from the bank.

Yes, DCB Bank offers a flexible balance transfer option to existing home loan customers, and it comes with an additional top-up facility.

Yes, it is mandatory to have a co-applicant to process a DCB bank home loan. A close family member like the spouse, parents, or children can be co-applicants or guarantors for the home loans.