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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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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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