15 Lakh DCB Bank Home Loan

Owning a home is a dream for many, but with unforeseen expenses and high inflation rates, finding the right time to make this move can be challenging. Well, Urban Money says the right time is now. Use the 15 Lakh Home Loan from DCB Bank to build or buy any construction plot or flat in a well-reputed locality. Eligible loan applicants with excellent credit scores can use the loan to pay for up to 90% of the property’s value, enjoying benefits like low processing costs and prepayment charges. You can avail yourself of a loan tenure of up to 20 years and a minimal interest rate of 9.75% while applying for DCB Bank’s 15 Lakh Home Loan. Read more about this in the following guide.

15 Lakh Home Loan DCB Bank – Highlights

Here are some of the top features of the 15 Lakh Home Loan from DCB Bank that make it a superior financial choice compared to others:

15 Lakh Home Loan EMI for 5 Years DCB Bank

If you plan to repay your 15 Lakh Home Loan from DCB Bank within five years, here are the estimated EMI amounts and the total interest you will pay.

15 Lakh Home Loan EMI for 10 Years DCB Bank

Below are the total EMI estimates and interest payable for a 15 Lakh Home Loan from DCB Bank over a 10-year tenure:

15 Lakh Home Loan EMI for 15 Years DCB Bank

For a 15-year loan tenure, here are the total EMI costs and interest payable on a 15 Lakh Home Loan from DCB Bank:

15 Lakh Home Loan EMI for 20 Years DCB Bank

With an interest rate of 9.75%, explore the EMI calculations and total interest amount for a 15 Lakh Home Loan from DCB Bank:

15 Lakh DCB Bank Home Loan – Fees and Charges

Some of the fee and charges for DCB Bank’s 15 Lakh Home Loan are:

• The prepayment charge for fixed interest rates is 4%.
• There is no prepayment charge for floating interest rates.
• The fee for the No Dues Certificate is INR 250.
• The processing fee is either 2% of the loan amount or INR 5000, whichever is higher.
• Stamp duty is charged according to state laws.
• A Statement of Account and Amortisation Schedule costs INR 250 each.
• Valuation and legal charges are not applicable.

15 Lakh DCB Bank Home Loan – Documents Required

Some of the important documents required for a 15 Lakh Home Loan from DCB Bank are:

• Application Form
• Photographs
• PAN Card
• Proof of Identity: Aadhar card, Passport, Voter ID, NREGA Card
• Proof of Address: Driving License, Aadhar card, Voter ID
• Proof of Age: Birth Certificate, Government ID card, School Leaving Certificate
• Bank Statement
• Proof of Income: Salary slips and Income Tax Returns (ITRs)
• Proof of Turnover: Last 2 GST Returns
• Proof of Employment: Statutory license
• Document Showing Existing Obligations
• Processing Fee Cheque
• Copy of Property-Related Documents
• Previous Chain of Agreements

15 Lakh DCB Bank Home Loan – Eligibility Criteria

Here is the eligibility criteria for DCB Bank Home Loan application for 15 Lakh:

• The minimum age requirement is 21 years.
• For salaried individuals, the maximum age is up to their retirement age plus 5 years.
• Non-salaried individuals can apply up to the age of 65 years.
• A credit score above 700 is required.
• Applicants can be salaried, self-employed professionals, or self-employed non-professionals.