Deutsche Bank Home Loan

4.5

Deutsche Bank’s home loan solutions are customised to help you easily acquire your dream home. Now, borrowers can get up to ₹25 crore, which caters to a wide range of financial needs. With flexible repayment tenures ranging from 5 to 20 years, you can choose a plan that aligns with your financial goals. The streamlined application process ensures quick approvals with minimal documentation. Additionally, the Bank provides balance transfer facilities, allowing you to refinance existing home loans seamlessly. These loans are available to both salaried and self-employed, making Deutsche Bank’s housing loans suitable for everyone’s homeownership journey.

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Deutsche Bank Home Loan

Interest Rate

8.75% - 10%

Loan Amount

₹5L - ₹25Cr

EMI Per Lakh

₹2,064 - ₹2,125

Processing Fees

Upto 1% of the loan amount

Pre-Payment Charges

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Key Highlights of Deutsche Bank Home Loan

  • Loan Amount up to INR 15 crore
  • Flexible repayment tenures ranging from 5 years to 20 years
  • Both salaried individuals and self-employed individuals can avail of a home loan. 
  • Finances up to 80 per cent of the total property cost

Features and Benefits of Deutsche Bank Home Loan

You unlock certain features when you apply for a Deutsche Bank home loan.

  • You can avail of a loan of up to INR 25 crore based upon property type and value.
  • At max, you can get 75% of the current value of the mortgaged property.
  • Easy and minimal documents are required for a quick approval.
  • Availability of balance transfer for transferring existing loans to lower interest rates.
  • A home loan is available at a floating interest rate.
  • Easy eligibility criteria.
  • Flexible loan repayment tenure.
  • Availability of insurance plans to secure the mortgaged property.

Deutsche Bank Home Loan Fees and Charges

Specifics Applicable Fees and Charges
Administration Fee At max up to one per cent of the approved loan amount
Interest Rate 6.9% per annum onwards
Prepayment or Foreclosure
  • Fixed-rate loan

Part-payment charges: 2.5 per cent of the prepaid amount

Pre-closure charges: 2.5 per cent of the outstanding loan amount 

  • Floating rate loan

Not Applicable 

Charges applicable on Bounced Cheques INR 500
Transaction Fee INR 500

(This includes a customer-initiated EMI, repayment tenure change, and part payment)

Stamp Duty Charges Based upon local rules and regulations along with the mortgage type.,
Fees to Retrieve Submitted Document  INR 500

Documents Required for Deutsche Bank Home Loan

Here is the list of documents required for a Deutsche Bank home loan:

Type of Document Salaried Individual Self-employed
Financial Proofs i. Salary Slip (three months)

ii. Form 16/ Income Tax Return

iii. HR Certificate which reflects allowances & reimbursements

iv. Bank Statements (last six months)

v. Repayment history of existing debts or loan closure certificate

i. ITR (2 years)

ii. Business continuity proof (3 years)

iii. Profit & Loss account statement (2 years), certified by a CA

iv. Bank Statements (last six months)

v. Proof depicting the type of business

Age Proof

(Anyone From the mentioned ones)

i. Passport

ii. Voter’s ID card

iii. Birth Certificate

iv. Driving License

v. Aadhar Card

vi. PAN Card

Like the Salaried one 
Proof of Signature  i. Passport

ii. Driving License

iii. PAN Card

iv. Banker’s Certificate

Like the Salaried one
Identity Proof  i. Passport

ii. Voter’s ID card

iii. Driving License

Iv. PAN Card or Aadhaar Card

Like the Salaried one

How does the EMI calculation Work for Deutsche Bank Home Loan?

With an online Home Loan EMI calculator, computation of monthly instalments has become easier than ever. You just have to make three entries in the given section, including loan amount, repayment tenure, and interest rate. Based upon entered values, the EMI will be displayed on the screen. That’s simple! This EMI will help you to determine the overall amount you will repay on the borrowed amount along with the interest component.

Balance Transfer Deutsche Bank Home Loan

Buying a house can appear to be a very enticing proposition at first. In addition, the interest on your loan may cause you financial difficulties in the future. Homebuyers can now save money by transferring their existing debt from a bank or financial institution to Deutsche Bank through the Home Loan Balance Transfer service. You could also take out a Top-Up Loan or another loan to help you meet your other obligations.

To avail of a Balance Transfer Home Loan from Deutsche Bank, you need to fulfil the following eligibility criteria: 

  • Good repayment history and track record of at least 12 months
  • To avail of a balance transfer loan, you should be above 23 years and at home loan maturity, your age should not be more than 62 years.
  • Balance transfer facilities will be accessible for existing loans only from specific financial institutions. 
  • The borrower needs to have the title document ownership.

FAQs

From refinancing to reducing your interest, we have the answers right here.

Does Deutsche Bank provide home loans at the best rate?

Yes, Deutsche Bank provides home loans at the best interest rate starting from 6.6 per cent. 

What is the home loan interest rate provided by Deutsche Bank?

Deutsche Bank provides home loans at an interest rate of 6.60% regardless of the type of applicant, i.e. salaried employee or self-employed.

Does Deutsche Bank check for a CIBIL score for a home loan?

Yes, Deutsche Bank considers the CIBIL score for determining the best possible home loan interest rate for the loan applicant.

What is the maximum amount of home loan I can get from L&T financial services?

You can get a home loan for a maximum of INR 25 crores. Based on the CIBIL score, repayment history, financial stability, and other considerations, Deutsche Bank offers the lowest home loan interest rate of 6.6 per cent.

Can I take two home loans at a time?

Yes, you can have two house loans simultaneously because there is no law prohibiting you from servicing more than one loan at a time.

When does the loan repayment period start?

When your loan money is disbursed into your loan account the following month, your home loan payback period begins.

Does Deutsche Bank have a fixed rate of interest on a home loan?

Deutsche Bank offers home loans at a floating rate of interest.

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