10 Lakh DCB Bank Home Loan

The journey to owning a home can be daunting, with unexpected expenses and high inflation rates. Urban Money is here to help you with DCB Bank’s 10 Lakh Home Loan, helping you purchase a new home or an under-construction unit. This loan is easy to acquire with minimal processing fees and prepayment charges. With this loan, you can enjoy benefits like a competitive interest rate of 9.75% or a flexible repayment tenure of up to 20 years, helping you cover up to 90% of the property’s real value. For more information, read the following guide, highlighting the various features of DCB Bank’s 10 Lakh Home Loan and giving you estimated EMI costs for different loan tenures.

10 Lakh Home Loan DCB Bank – Highlights

Here are some of the important features of the 10 Lakh Home Loan from DCB Bank, which will help you make up your mind about the same:

10 Lakh Home Loan EMI for 5 Years DCB Bank

If you want to repay your DCB Bank home loan for 10 Lakhs within 5 years, here is the estimated EMI cost and interest payable:

10 Lakh Home Loan EMI for 10 Years DCB Bank

Here is the total interest payable and the estimated EMI cost for the 10 Lakh Home Loan from DCB Bank if the loan tenure is just 10 years:

10 Lakh Home Loan EMI for 15 Years DCB Bank

With a loan tenure of 15 years and an interest rate of 9.75%, the monthly instalments and interest payment for DCB Bank’s 10 Lakh Home Loan stands at:

10 Lakh Home Loan EMI for 20 Years DCB Bank

With a loan tenure of 20 years, the EMI estimate for a 10 Lakh Home Loan from DCB Bank is as follows:

10 Lakh DCB Bank Home Loan – Fees and Charges

The various fees and extra charges applicable to a 10 Lakh Home Loan from DCB Bank are as follows:

• Prepayment Charges for Fixed Interest Rates: 4% of the total amount
• Prepayment Charges for Floating Interest Rates: Nil 
• Processing Fee: INR 10,000 or 2% of the total loan amount
• Statement of Account, Amortisation Schedule and No Dues Certificate: INR 250 Fixed

10 Lakh DCB Bank Home Loan – Documents Required

Here are the documents required while applying for a 10 Lakh Home Loan from DCB Bank:

• Proof of Identity: NREGA Card, Passport, Aadhar and Voter ID 
• Proof of Address: Voter ID, Aadhar and Driving License 
• Proof of Age: School Leaving Certificate, Birth Certificate and Government ID Card
• Proof of Income: Salary slips and ITRs
• Proof of Employment: Statutory license
• Proof of Turnover: Last 2 GST Returns
• Copy of Property-Related Documents

10 Lakh DCB Bank Home Loan – Eligibility Criteria

Here is the official eligibility criteria for the 10 Lakh Home Loan from DCB Bank:

Age Criteria:

• Minimum Age: 21 years
• Maximum Age:
  • Salaried: Retirement age + 5 years
  • Non-salaried: Up to 65 years

Credit Score:

• Must be above 700

Employment Status:

• Salaried
• Self-employed Professional
• Self-employed Non-Professional