20 Lakh DCB Bank Home Loan

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If you wish to proceed further with owning the keys to your dream home, the 20 lakh DCB Bank home loan can be an ideal choice. Their interest rates are very low, starting from 9.75% per annum, making EMIs very pocket-friendly. An individual can obtain a loan of up to Rs 5 crores for a tenure of up to 20 years. Indian home loan borrowers are granted substantial tax deductions under Sections 24(b) and 80C of the Income Tax Act. These deductions can be actively claimed to reduce taxable income. DCB Bank offers home loan schemes with minimal documentation and a fast loan disbursement process. Understand how the 20 lakh DCB Bank housing loan can be a perfect choice for you by scrolling through.

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Table of Content

1. DCB Bank 20 Lakh Home Loan Key Highlights

2. Interest Rates Range of 20 Lakh DCB Bank Home Loan

3. 20 Lakh DCB Bank Home Loan 5 Years EMI

4. 20 Lakh DCB Bank Home Loan 10 Years EMI

5. 20 Lakh DCB Bank Home Loan 15 Years EMI

6. 20 Lakh DCB Bank Home Loan 20 Years EMI

7. Fees & Charges 20 Lakh DCB Bank Home Loan

8. 20 Lakh DCB Bank Home Loan Documents Required

9. Eligibility Criteria 20 Lakh DCB Bank Home Loan

Written By

Satyam Sachdeva

Satyam has always been interested in saving money and realising its worth. He created a Demat account when he turned 18 and has been a keen equity and mutual fund investor. Currently, a writer for Urban Money, he uses his skills to guide his readers in the right direction. Satyam strives to make financial complexities easy for everyone to understand with a pinch of creative salt.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

DCB Bank 20 Lakh Home Loan – Key Highlights

Check the key highlights of a 20 lakh DCB Bank home loan by looking at the table below:

Key Feature	Details
Interest Rate	9.75%–14.50% per annum, depending on loan amount and applicant profile.
Loan Amount	Ranges from INR 10 lakhs to INR 5 crores.
Loan-to-Value (LTV) Ratio	Up to 90% of the property’s market value.
Processing Charges	Up to 2% of the loan amount.
Repayment Tenure	Flexible tenure options to suit the borrower’s repayment capacity.
Balance Transfer Facility	Available to transfer existing home loans with additional funding options.
Insurance Coverage	Attractive insurance plans are offered to cover the loan amount in case of death or illness.

Interest Rates Range of 20 Lakh DCB Bank Home Loan

The table below shows the range of interest rates that can be offered to salaried or self-employed individuals on their 20 lakh DCB Bank home loan:

Loan Amount	Salaried Interest Rate (% p.a.)	Self-Employed Interest Rate (% p.a.)
Up to 10 Lakh	9.75 – 11.50	9.75 – 14.50
10 Lakh – 15 Lakh	9.75 – 11.30	9.75 – 13.50
15 Lakh – 20 Lakh	9.75 – 11.20	9.75 – 13.00
20 Lakh – 30 Lakh	9.75 – 10.75	9.75 – 12.00
30 Lakh – 50 Lakh	9.75 – 10.50	9.75 – 10.75
50 Lakh – 75 Lakh	9.75 – 10.50	9.75 – 10.75
Above 75 Lakh	9.75 – 10.50	9.75 – 10.75

20 Lakh DCB Bank Home Loan – 5 Years EMI

The calculated EMI over a tenure of 5 years on the 20 lakh DCB Bank home loan at an interest rate of 11% per annum is mentioned in the table below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 20 lakhs	11%	5 years	₹43,485	₹6,09,091	₹26,09,091

20 Lakh DCB Bank Home Loan – 10 Years EMI

The table below shows the EMI calculated for a 20 lakh home loan from DCB Bank at an annual interest rate of 11% over 10 years.

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 20 lakhs	11%	10 years	₹27,550	₹13,06,000	₹33,06,000

20 Lakh DCB Bank Home Loan – 15 Years EMI

The table below details the EMI over a 15-year tenure at 11% interest per annum for a 20 lakh home loan from DCB Bank.

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 20 lakhs	11%	15 years	₹22,732	₹20,91,749	₹40,91,749

20 Lakh DCB Bank Home Loan – 20 Years EMI

Below is the EMI for a DCB Bank home loan of 20 lakh at an 11% annual interest rate, calculated for a 20-year term.

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 20 lakhs	11%	20 years	₹20,644	₹29,54,504	₹49,54,504

Fees & Charges – 20 Lakh DCB Bank Home Loan

If you find the 20 lakh DCB Bank housing loan an ideal home loan option for you, check its fees before proceeding further:

Particulars	Charges/Fee
Penal Interest (in case of default)	1% additional over the existing rate of interest.
Re-Pricing Charges	Up to 1% of the outstanding loan amount (Min ₹5,000).
Processing Fee	Up to 2% of the loan amount, minimum ₹5,000.
Prepayment Charges	Floating rate loans: NIL; Fixed/Floating mix: NIL up to 25%.
Cheque Bounce Charge	₹750 per event.
Cheque/ECS Swap Charge	₹500 per event.
Property Document Retrieval Charge	₹500 per event.

20 Lakh DCB Bank Home Loan – Documents Required

It is essential to have the following documents handy if you wish to avail of a 20 lakh DCB Bank home loan:

Document Type	Required Documents
Application Form	Filled and signed by all applicants.
Photographs	Latest passport-size photo, signed by all applicants.
Proof of Identity & Address (Any One)	Aadhar, Passport, Driving License, Voter ID, PAN, NREGA Card, etc.
Age Proof (Any One)	Birth Certificate, PAN, Aadhar (if DOB available), Passport, etc.
Bank Statements	Latest 6 months for salaried or 1 year for business accounts.
Proof of Income	Salaried: Last 3 salary slips or certificate; Self-employed: Last 3 years’ ITRs and financial statements.
Existing Loan Obligations	Statements and repayment track records of all existing loans.
Processing Fee Cheque	Required for all applicants.

Eligibility Criteria – 20 Lakh DCB Bank Home Loan

To apply for a 20 lakh DCB Bank home loan, you need to be at least 21 years old, with salaried individuals allowed up to their retirement age plus five years, while non-salaried individuals can apply up to the age of 65. A good credit score is crucial, so aim for above 700. Your employment status also matters—you can be salaried, self-employed, or a non-professional self-employed individual to qualify.

Frequently Asked Questions (FAQ)

What is the 20 lakh DCB Bank home loan EMI for 20 years?

At an interest rate of 11% per annum, the EMI on a 20 lakh DCB Bank home loan for 20 years will be ₹20,644.

Who is eligible for a 20 lakh DCB Bank home loan?

Applicants between the ages of 21 and 65 with a credit score of above 700 are eligible for the 20 lakh DCB Bank home loan.

What is the monthly interest rate of a 20 lakh DCB Bank home loan?

The monthly interest rate for a 20 lakh housing loan from DCB Bank starts as low as 0.81%.

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