85 Lakh DCB Bank Home Loan

DCB Bank offers a ₹85 lakh house loan with various repayment choices, making it ideal for financing a dream home. Borrowers can enjoy affordable EMIs for up to 20 years with a competitive annual interest rate starting at 9.75%. The loan is open to both salaried and self-employed applicants and provides financing of up to 90% of the property's worth. DCB Bank's ₹85 lakh house loan offers no prepayment charges on floating rate loans, providing financial freedom.

₹85 Lakh Home Loan DCB Bank – Highlights

Here are DCB Bank home loan interest rates for ₹85 Lakhs, along with highlights:

₹85 Lakh Home Loan EMI for 5 Years DCB Bank 

DCB Bank’s housing loan EMI for ₹85 Lakhs is mentioned below in detail:

₹85 Lakh Home Loan EMI for 10 Years DCB Bank 

Here are the ₹85 Lakh home loan EMI for 10 years from the DCB Bank:

₹85 Lakh Home Loan EMI for 15 Years DCB Bank

For an amount of ₹85 Lakh, the EMI for 15 years is as follows:

₹85 Lakh Home Loan EMI for 20 Years DCB Bank

₹85 Lakhs home loan EMI for 20 years from the DCB Bank is as follows:

₹85 Lakh Home Loan EMI for 25 Years DCB Bank 

DCB Bank’s home loan of ₹85 Lakh EMI for 25 years is as follows:

₹85 Lakh DCB Bank Home Loan – Fees and Charges 

When applying for a house loan, various fees and charges may apply. Processing fees can be up to 2% of the loan amount, with a minimum of ₹5,000. In addition, the loan’s principal may be subject to an annual maintenance charge of up to 1%. There are no prepayment fees for floating-rate loans; partial prepayments completed during the first six months are likewise free. If the loan has fixed and fluctuating interest rates, partial payments of up to 25% of the outstanding principal are not required. No fee applies to complete prepayments paid within one year.

Late payment penalties add 1% to the existing interest rate. Re-pricing fees are up to 1% of the outstanding loan amount, with a minimum of ₹5,000. Overdue amounts carry a 3% monthly penalty interest, and switching cheques or ECS mandates costs ₹500 per event. Document retrieval costs ₹500 per event, whereas rejected cheques cost ₹750.

₹85 Lakh DCB Bank Home Loan – Documents Required

The following documents are required to get a ₹85 Lakh Home Loan from DCB Bank:

For Salaried Applicants

Salaried individuals applying for a ₹85 Lakhs DCB Bank home loan must provide a filled application form with a passport-sized photograph, a valid photo ID, address proof, and age proof. They must also submit details of any existing loans, the processing fee cheque, the last six months’ bank statements, salary slips for the last three months, and Form 16 for the previous two years.

For Self-Employed Applicants

Self-employed applicants must submit an application form with a recent passport-sized photograph and valid ID proof, address proof, and age proof. Additionally, they are required to provide details of all existing loans, a cheque for the processing fee, the last 1 year’s bank statement showing EMI deductions, Income Tax Returns for the last 3 years, 2 recent GST returns, a trade licence, and their highest qualification degree if they are professionals.

Additional Documents for Non-Individuals

Non-individuals applying for a home loan must provide relevant business documents, such as partnership deeds, company financials, and compliance-related documents. These include the business’s statutory licenses, details of existing business loans, and any required trade licenses, along with proof of GST returns.

₹85 Lakh DCB Bank Home Loan – Eligibility Criteria

DCB Bank offers a ₹85 Lakhs home loan to salaried individuals, self-employed professionals, and self-employed non-professionals only. Salaried applicants must be between the ages of 21 and five years after retirement. Individuals who work for themselves, on the other hand, can apply until they reach the age of 65. A credit score of at least 700 is required for the application to be evaluated.