DCB Bank Home Construction Loan

DCB Bank is one of India's new-generation private sector banks that offers home construction loans for those considering building their own home. Borrowers can lend up to 5 crores as the DCB Bank Construction Loan. The bank provides borrowers with fixed and floating interest rates according to their budgets and requirements. An easy application process and assistance throughout the application process make the DCB Bank Construction Loan attractive for customers.

Highlights of the DCB Bank Home Construction Loan

Listed below are the key highlights of the DCB Bank Construction Loan:

DCB Bank Construction Loan Interest Rates

Let’s check the interest rate on the DCB Bank Construction Loan.

DCB Bank Construction Loan Fees and Charges

Below are the fees and charges for the DCB Bank Construction Loan that interested individuals may need to incur

DCB Bank Construction Loan Eligibility Criteria

Given below is the eligibility criteria for the DCB Bank Construction Loan

DCB Bank Construction Loan Documents Required for Salaried Individuals 

Various documents are required to apply for the DCB Bank Construction Loan. Here is the list of documents that salaried individuals will need to submit.

1. Application form filled and signed
2. Latest passport size photograph
3. PAN Card
4. Identity Proof – Aadhar, Passport, Driving License, Voter ID etc.
5. Address Proof – Aadhar, Driving License, Passport, Voter ID etc.
6. Age Proof – Birth Certificate, LIC Policy, Any Government ID Card, School Leaving Certificate, PAN Card, Aadhar Card, Passport
7. Bank Statement – The latest 6-month bank statement for the salary account.
8. Proof of Income – The latest three salary slips/salary certificates are attached. 

DCB Bank Construction Loan Documents Required for Self-Employed Individuals

Listed below are the documents required for the self-employed:- 

• Application form filled and signed
• Latest passport size photograph
• PAN Card
• Identity Proof – Aadhar, Passport, Driving License, Voter ID etc.
• Address Proof – Aadhar, Driving License, Passport, Voter ID etc.
• Age Proof – Birth Certificate, LIC Policy, Any Government ID Card, School Leaving Certificate, PAN Card, Aadhar Card, Passport
• Bank Statement – The latest one-year bank statement of all business accounts
• Proof of Income – Latest three years’ ITRs with computation of income and certified financials and all annexure
• Proof of Turnover – Latest two GST returns, if applicable

Features of DCB Bank Construction Loans

Following are some of the main features of the DCB Bank Construction Loan:-

• Borrowers can avail of DCB Bank Construction Loans ranging between 10 lakhs to 5 crores, catering to various construction needs and requirements.
• With interest rates starting from 9.75% p.a., DCB Bank offers competitive rates to suit borrowers’ financial preferences.
• For loans with floating interest rates, borrowers enjoy the flexibility of no charges for part or full prepayment, providing financial convenience.
• DCB Bank’s fee structure is transparent. It charges a processing fee of up to 2% of the loan amount, ensuring clarity for borrowers.
• With eligibility parameters covering individuals between 23 and 65 years old, both salaried and self-employed, and Resident Indians, DCB Bank Construction Loan caters to a wide range of applicants, facilitating accessibility.