90 Lakh DCB Bank Home Loan

The 90 Lakh Home Loan from DCB Bank is the perfect financial tool for those looking for a home in a well-reputed society. The loan offers competitive starting interest rates of 9.75% per annum, and the applicant can extend their tenure up to 20 years. The loan is easily accessible to any Indian citizen with a solid credit score, with financing of up to 90% of the total costs of the purchase or construction of a unit. This cost can be anywhere between INR 10 Lakh and 5 Crore, available at a low % loan processing charge of 2%. The following blog highlights the features, documents required, eligibility criteria, and the total EMI estimated costs for different loan tenures for the DCB Bank’s 90 Lakh Home Loan.

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Written By
Bhavya Kamra
Bhavya Kamra
With a background in commerce and a strong affinity for numbers, Bhavya is dedicated to delivering accurate financial insights in her blog. She avidly reads finance magazines and articles to stay updated on the latest market trends. Currently crafting content for Urban Money, Bhavya aims to offer practical financial tips and simplify complex subjects into easy-to-understand steps.
Reviewed By
Amit Prakash Singh
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.

90 Lakh Home Loan DCB Bank – Highlights

Some of the important features and highlights of the DCB Bank’s 90 Lakh Home Loan, which make it a better choice for applicants, are:

Metric  Details 
Age Between 21 and 70 
Interest Rate Anywhere between 9.75% and 14.5% p.a.
Loan-to-Value Ratio Upto 90% of the property’s market value
Loan Amount It can be anywhere between 10 Lakh and 5 crore 
Processing Charge  2% of the sanctioned loan amount 
Repayment Tenure Anywhere between 20 years 

90 Lakh Home Loan EMI for 5 Years DCB Bank

With a time duration of 5 years, the EMI estimates and interest payable for a 90 Lakh Home Loan from DCB Bank are:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
Rs 90 lakhs 9.75% 5 years ₹1,90,118 ₹24,07,080 ₹1,14,07,080

90 Lakh Home Loan EMI for 10 Years DCB Bank

The 90 Lakh Home Loan from DCB Bank attracts the following EMI every 30 days, along with the total interest payable, with a tenure of 10 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
Rs 90 lakhs 9.75% 10 years ₹1,17,693 ₹51,23,160 ₹1,41,23,160

90 Lakh Home Loan EMI for 15 Years DCB Bank 

For a 15-year tenured loan, the EMI estimate and interest payable for a 90 Lakh Home Loan from DCB Bank are:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
Rs 90 lakhs 9.75% 15 years ₹95,343 ₹81,61,740 ₹1,71,61,740

90 Lakh Home Loan EMI for 20 Years DCB Bank

The EMI and interest payment for a 90 Lakh Home Loan from DCB Bank with an interest rate of 9.75% is as follows:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
Rs 90 lakhs 9.75% 20 years ₹85,367 ₹1,14,88,080 ₹2,04,88,080

90 Lakh DCB Bank Home Loan – Fees and Charges

Every applicant of DCB Bank’s 90 Lakh Home Loan has to pay the following fees and charges:

Fee/Charge Type Details
Prepayment Charge (Fixed Interest Rates) 4%
Prepayment Charge (Floating Interest Rates) NIL
No Dues Certificate INR 250
Processing Fee 2% of the loan amount or INR 5000 (whichever is higher)
Stamp Duty As per the state laws
Statement of Account INR 250
Amortisation Schedule INR 250
Valuation and Legal Charges NIL

90 Lakh DCB Bank Home Loan – Documents Required

The documents required for applying for a 90 Lakh Home Loan from DCB Bank are:

Document Type Details
Application Form
Photographs Passport-sized 
PAN Card
Proof of Identity Aadhaar, Passport, Voter ID, NREGA Card
Proof of Address Driving License, Aadhaar, Voter ID
Proof of Age Birth Certificate, Government ID Card, School Leaving Certificate
Bank Statement Last three months
Proof of Income Salary slips, Income Tax Returns (ITRs)
Proof of Turnover Last 2 GST Returns
Proof of Employment Statutory license or relevant document
Existing Obligations Document showcasing existing financial obligations such as loans 
Processing Fee Cheque A cheque for the processing fee
Property-Related Documents Copy of property documents
Previous Chain of Agreements Previous chain of agreements for the property

90 Lakh DCB Bank Home Loan – Eligibility Criteria

Any Indian citizen, whether salaried or self-employed, can apply for the 90 Lakh DCB Bank Home Loan. They must have a credit score of more than 700 and be over 21. The upper age limit for a salaried applicant is the official retirement age (+5 years), while for non-salaried individuals, it is 65 years.

Frequently Asked Questions (FAQs)

What is the EMI for a 90 lakh home loan for 20 years in DCB Bank?

Over a time span of 20 years, the EMI estimate for a 90 Lakh home loan in DCB Bank is ₹85,367.

Who is eligible for a 90 lakh home loan in DCB Bank?

Any salaried or self-employed individual over the age of 21 with a credit score of more than 700 can apply for the 90 lakh home loan at DCB Bank.

What is the monthly interest rate of a 90 lakh home loan in DCB Bank?

The monthly interest rate for a 90 Lakh Home loan in the DCB Bank can lie between 9.75% and 14.5% per annum.

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