40 Lakh DCB Bank Home Loan

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With ever-rising real estate prices, individuals may need financial support to purchase their dream home. The DCB Bank 40 lakh housing loan caters to these needs. With interest rates as low as 9.75% per annum, the DCB Bank home loan EMI is very affordable and does not strain the pockets. With loan tenures of up to 20 years and minimal documentation, the loan disbursement is fast and allows no delay in the beginning of the dream homeownership journey. A higher credit score can help avail the loan at a lower interest rate and low processing fee. Explore additional DCB Bank 40 lakh home loan features by scrolling through and checking the EMI for 10 and 20 years.

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Table of Content

1. Key Highlights of DCB Bank 40 Lakh Home Loan

2. DCB Bank 40 Lakh Housing Loan Interest Rates

2.1 Salaried Home Loan Interest Rates:

2.2 Self-Employed Home Loan Interest Rates:

3. 5 Years EMI 40 Lakh DCB Bank Home Loan

4. 10 Years EMI 40 Lakh DCB Bank Home Loan

5. 15 Years EMI 40 Lakh DCB Bank Home Loan

6. 20 Years EMI 40 Lakh DCB Bank Home Loan

7. Fees & Charges 40 Lakh DCB Bank Home Loan

8. 40 Lakh DCB Bank Home Loan Documents Required

9. Eligibility Criteria 40 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.

Key Highlights of DCB Bank 40 Lakh Home Loan

The DCB Bank 40 lakh housing loan key highlights make it an attractive home loan option. Check the table below to learn more about the important highlights of the home loan scheme:

Key Feature	Details
Eligibility	Minimum age: 21 years, Maximum age: Salaried – Retirement age + 5 years; Non-salaried – Up to 65 years.
Processing Fee	Up to 2% of the loan amount (Minimum INR 5,000).
Interest Rate	Competitive rates, starting at 9.75% p.a.
Loan Tenure	Up to 20 years
Application Process	Simple and fast process with minimal documentation required.
Tax Benefits	Deductions under Section 24(b) and 80C of the Income Tax Act (based on income and tax slab).
Loan Approval	Fast approval process with dedicated relationship managers to assist throughout.

DCB Bank 40 Lakh Housing Loan Interest Rates

Take a look at the interest range offered to salaried and self-employed professionals:

Salaried Home Loan Interest Rates:

For loan amounts up to ₹10 Lakh, the Interest rate ranges from 9.75% to 11.50% per annum.
For ₹10 Lakh to ₹15 Lakh: Interest rate ranges from 9.75% to 11.30% per annum.
For ₹15 Lakh to ₹20 Lakh: Interest rate ranges from 9.75% to 11.20% per annum.
For ₹20 Lakh to ₹30 Lakh: Interest rate ranges from 9.75% to 10.75% per annum.
For ₹30 Lakh to ₹50 Lakh: Interest rate ranges from 9.75% to 10.50% per annum.
For ₹50 Lakh to ₹75 Lakh: Interest rate ranges from 9.75% to 10.50% per annum.
For amounts above ₹75 Lakh: Interest rate remains between 9.75% and 10.50% per annum.

Self-Employed Home Loan Interest Rates:

For loan amounts up to ₹10 Lakh: Interest rate ranges from 9.75% to 14.50% per annum.
For ₹10 Lakh to ₹15 Lakh: Interest rate ranges from 9.75% to 13.50% per annum.
For ₹15 Lakh to ₹20 Lakh: Interest rate ranges from 9.75% to 13.00% per annum.
For ₹20 Lakh to ₹30 Lakh: Interest rate ranges from 9.75% to 12.00% per annum.
For ₹30 Lakh to ₹50 Lakh: Interest rate ranges from 9.75% to 10.75% per annum.
For ₹50 Lakh to ₹75 Lakh: Interest rate ranges from 9.75% to 10.75% per annum.
For amounts above ₹75 Lakh: Interest rate remains between 9.75% and 10.75% per annum.

5 Years EMI – 40 Lakh DCB Bank Home Loan

With a home loan tenure of 5 years and an interest rate of 10% per annum, the EMI for a ₹40 lakh DCB Bank home loan is shown in the table below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 40 lakhs	10%	5 years	₹84,988	₹10,99,291	₹50,99,291

10 Years EMI – 40 Lakh DCB Bank Home Loan

The EMI details are provided in the table below for a ₹40 lakh DCB Bank home loan with a 10-year term and a 10% annual interest rate:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 40 lakhs	10%	10 years	₹52,860	₹23,43,235	₹63,43,235

15 Years EMI – 40 Lakh DCB Bank Home Loan

At an interest rate of 10% per annum and a loan term of 15 years, the EMI for a ₹40 lakh DCB Bank home loan is given in the table below:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 40 lakhs	10%	15 years	₹42,984	₹37,37,157	₹77,37,157

20 Years EMI – 40 Lakh DCB Bank Home Loan

The table below details the EMI for a ₹40 lakh home loan from DCB Bank, with a 20-year term and a 10% annual interest rate:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 40 lakhs	10%	20 years	₹38,601	₹52,64,208	₹92,64,208

Fees & Charges – 40 Lakh DCB Bank Home Loan

Make sure you read the applicable fees & charges on the 40 lakh DCB Bank home loan before proceeding further with your home loan application:

Fee/Charge	Details
Application Login Fee	₹3,000 per application
Processing Fee	2% of the loan amount (Minimum ₹5,000)
Amortisation Schedule	₹250 per schedule
Statement of Account	₹250 per statement
Foreclosure Statement	₹250 per statement
Prepayment Charges (Part/Full)	– 4% on the amount paid during the fixed rate period – No charges for floating rate
Duplicate No Objection Certificate	₹250 per certificate
Property Document Retrieval	₹500 per retrieval
Change in Interest Rate Post Disbursal	1% of the sanctioned amount (Minimum ₹5,000)
Cheque Return/Bounce Fee	₹750 per instance

40 Lakh DCB Bank Home Loan – Documents Required

To ensure a hassle-free DCB Bank 40 lakh housing loan disbursement process, have the following documents available:

Application Form

Duly filled & signed application form signed by the applicant and all co-applicants

Photographs

Latest Passport-sized photographs of the applicant and co-applicants

Proof of Identity

Aadhaar, Passport, Driving License, Voter ID, PAN Card, NREGA Card, or Letter from National Population Register.

Proof of Address

Aadhaar, Passport, Driving License, Voter ID, NREGA Card, or Letter from National Population Register.

Age Proof

Birth Certificate, LIC Policy, Government ID, School Leaving Certificate, PAN Card, Aadhaar, or Passport.

Bank Statement

Latest 6-month bank statement for salaried applicants; Latest 1-year bank statement for self-employed applicants.

Proof of Income

Latest 3 salary slips or salary certificates for salaried; Latest 3 years of ITR with supporting documents for self-employed.

Proof of Turnover

Not applicable for salaried; Latest 2 GST returns for self-employed (if applicable).

Proof of Employment/Business Stability

Form 16 (last 2 years) is for salaried; Trade licences or statutory licences are for self-employed.

Proof of Qualification

Not applicable for salaried; Highest professional degree for professionals.

Existing Loan Details

Statements/repayment track records for all existing loans.

Processing Fee Cheque

Eligibility Criteria – 40 Lakh DCB Bank Home Loan

Make sure you are eligible for the 40 lakh DCB Bank home loan by carefully reading the eligibility criteria below:

Age Requirements:

You need to be at least 21 years old.
Maximum age: If you are salaried, it’s 5 years after your retirement age; if you are self-employed, up to 65 years old.

Credit Score: You should have a credit score of more than 700.

Employment Type: You can be salaried, self-employed professional, or self-employed non-professional.

Frequently Asked Questions (FAQ)

How much would the EMI be for a ₹40 lakh home loan from DCB Bank over 20 years?

For example, if you take out a 40 lakh DCB Bank home loan at a 10% per annum interest rate for 20 years, the EMI will be ₹38,601.

Who can qualify for a ₹40 lakh home loan from DCB Bank?

To be eligible for a 40 lakh DCB Bank home loan, you must be at least 21 years old, have a credit score above 700, and be either salaried or self-employed.

What is the monthly interest rate for a ₹40 lakh home loan from DCB Bank?

The DCB Bank 40 lakh housing loan monthly EMI starts at 0.81%.

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