10 Lakh Deutsche Bank Home Loan

Are you seeking a home loan to buy or build a house? You could consider the Deutsche Bank’s 10 lakh home loan, as it features super-low interest rates, personalised repayment plans, easy-to-meet eligibility criteria, and quick fund disbursement. But you should know the facts first. To help you make a more informed decision, Urban Money presents a detailed overview of this feature-rich credit option. We primarily explain the estimated 10 lakh home loan EMI Deutsche Bank, available loan tenure, associated fees, and more. Keep scrolling down to learn more

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Written By
Hepson Franklin
Hepson Franklin
Hepson Franklin is a seasoned financial expert and accomplished writer specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & loan products. With a wealth of experience in the financial industry, he has established himself as a trusted voice, providing invaluable insights and guidance to both seasoned investors and those new to the world of finance. With a comprehensive understanding of the intricate facets of the financial landscape, he is dedicated to demystifying complex financial concepts for readers of all backgrounds.
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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.

10 Lakh Home Loan Deutsche Bank – Highlights

The key parameters of the Deutsche Bank’s 10 lakh home loan are as follows:

Interest Rates 9.50% – 12.0% per annum
Loan Amount Up to 75% of the property price
Loan Tenure 20 years or 65 years, whichever comes earlier 
Eligibility Both salaried and self-employed individuals 

10 Lakh Home Loan EMI for 5 Years 

Have a close look at the 10 lakh home loan EMI in Deutsche Bank with a tenure of 5 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹10 Lakhs 9.50% p.a. 5 years ₹21,002 ₹2,60,120 ₹12,60,120

10 Lakh Home Loan EMI for 10 Years Deutsche Bank 

Following are the 10 lakh home loan EMI for 10 years from the Deutsche Bank:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹10 Lakhs 9.50% p.a. 10 years ₹12,940 ₹5,52,800 ₹15,52,800

10 Lakh Home Loan EMI for 15 Years Deutsche Bank

Let’s examine the Deutsche Bank’s home loan 10 lakh EMI amount and rates for a tenure of 15 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹10 Lakhs 9.50% p.a. 15 years ₹10,442 ₹8,79,560 ₹18,79,560

10 Lakh Home Loan EMI for 20 Years Deutsche Bank

Below are the 10 lakh home loan EMI for 20 years from the Deutsche Bank:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹10 Lakhs 9.50% p.a. 20 years ₹9,321 ₹12,37,040 ₹22,37,040

10 Lakh Deutsche Bank Home Loan – Fees and Charges 

Examine the fees and charges you must be aware of in addition to the Deutsche Bank’s home loan interest rate of 10 lakh:

Fee/Charge Amount
Processing Fee 1% of the loan amount
Prepayment Charges  4% of the prepayment amount
Late Payment Panality  2% of the default EMI Amount
Stamp Duty & Other Statutory Charges As applicable 

10 Lakh Deutsche Bank Home Loan – Documents Required

Following are the necessary documents for the Deutsche Bank’s 10 lakh home loan:

  • KYC Documents: PAN Card, Aadhaar Card, Voter ID, Passport, or NREGA Card.
  • Residential Documents: Utility bill, Aadhaar card, Driving License, or Ration Card.
  • Income Documents: Salary slips, Form 16, Income Tax Returns, Bank Statements, etc.
  • Additional Documents: Latest passport-size photos and duly filled application form. 

10 Lakh Deutsche Bank Home Loan – Eligibility Criteria 

Below are the 10 lakh home loan eligibility in Deutsche Bank:

  • Age Requirement: Applicants must be aged between 23 and 65 years old.
  • Employment Status: Applicants must be either a salaried or self-employed individual. 
  • Income Limit: Applicants must have earned at least ₹5 lakh annually.
  • Credit Score: Applicants must have a good credit score, preferably 700 or higher.
  • Nationality: Applicants must be Indian citizens.

Frequently Asked Questions (FAQs)

What is the EMI for a 10 lakh home loan for 20 years in Deutsche Bank?

₹9,321 is the estimated EMI for a 10 lakh home loan over 20 years, subject to the annual interest rate of 9.50%.

Who is eligible for a 10 lakh home loan in Deutsche Bank?

Salaried and self-employed individuals are eligible for a 10 lakh home loan in Deutsche Bank.

What is the monthly interest rate of a 10 lakh home loan in Deutsche Bank?

The monthly interest rate for a ₹10 lakh home loan in Deutsche Bank starts at 0.79%.

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