90 Lakh DCB Bank Home Loan
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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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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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