20 Lakh Deutsche Bank Home Loan

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Explore the 20 lakh Deutsche Bank home loan scheme that helps individuals seek financial assistance to begin their dream home journey. With interest rates starting at just 8.50% per annum, the home loan applicant can explore EMI options for a tenure of 10 and 20 years and manage their expenses efficiently. The documentation process is quick and easy, allowing for a speedy loan application process. Deutsche Bank's home loan options cater to salaried and self-employed individuals, offering flexible terms and conditions. The loan amount is determined by how well you can repay the loan. This depends on your income, age, education, number of dependents, assets, debts, savings habits, and how steady and long-lasting your job is.

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Table of Content

1. 20 Lakh Deutsche Bank Home Loan Highlights

2. 5 Years EMI 20 Lakh Deutsche Bank Home Loan

3. 10 Years EMI 20 Lakh Deutsche Bank Home Loan

4. 15 Years EMI 20 Lakh Deutsche Bank Home Loan

5. 20 Years EMI 20 Lakh Deutsche Bank Home Loan

6. Fees & Charges 20 Lakh Deutsche Bank Home Loan

7. 20 Lakh Deutsche Bank Home Loan Documents Required

8. Eligibility Criteria 20 Lakh Deutsche Bank Home Loan

Written By

Satyam Sachdeva

Satyam has always been interested in saving money and realising its worth. He created a Demat account when he turned 18 and has been a keen equity and mutual fund investor. Currently, a writer for Urban Money, he uses his skills to guide his readers in the right direction. Satyam strives to make financial complexities easy for everyone to understand with a pinch of creative salt.

Reviewed By

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.

20 Lakh Deutsche Bank Home Loan – Highlights

Refer to the table below to learn more about the key highlights of a 20 lakh Deutsche Bank home loan:

Feature	Details
Loan Amount	Up to Rs. 25 crores, depending on the property value.
Loan-to-Value Ratio	Loans cover up to 75% of the property’s current value.
Documentation	Simple and easy documentation process for faster approvals.
Interest Calculation	Interest is calculated on a daily reducing balance, lowering the overall interest paid.
Tenure Options	Flexible repayment tenure ranging from 5 to 20 years.
Balance Transfer Option	Transfer your existing home loan to Deutsche Bank at current interest rates to save on EMIs.
Insurance	Optional insurance plans to cover your loan in case of unforeseen events.

5 Years EMI – 20 Lakh Deutsche Bank Home Loan

The EMI on a 20 lakh Deutsche Bank home loan, if availed at an interest rate of 9.40% per annum for a tenure of 5 years, is calculated below in the table:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 20 lakh	9.40%	5 years	₹41,906	₹5,14,363	₹25,14,363

10 Years EMI – 20 Lakh Deutsche Bank Home Loan

The table below shows the EMI for a 20 lakh Deutsche Bank home loan at a 9.40% annual interest rate over 10 years.

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 20 lakh	9.40%	10 years	₹25,770	₹10,92,416	₹30,92,416

15 Years EMI – 20 Lakh Deutsche Bank Home Loan

The table below details the EMI for a 20 lakh home loan from Deutsche Bank, taken at 9.40% interest for 15 years:

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 20 lakh	9.40%	15 years	₹20,764	₹17,37,516	₹37,37,516

20 Years EMI – 20 Lakh Deutsche Bank Home Loan

Below is the EMI calculation for a 20 lakh Deutsche Bank home loan with a 9.40% yearly interest rate over a 20-year term.

Loan Amount	Interest Rate	Loan Tenure	EMI Amount	Total Interest Payable	Total amount Payment
Rs 20 lakh	9.40%	20 years	₹18,512	₹24,42,932	₹44,42,932

Fees & Charges – 20 Lakh Deutsche Bank Home Loan

The home applicant will have to pay the following fees & charges that are applicable on a 20 lakh Deutsche Bank housing loan:

Fee Type	Details
Administration Fees	Non-refundable fee of up to 1% of the loan amount disbursed.
Prepayment – Fixed Rate Loan	2.5% fee on part payments or full closure of the loan.
Prepayment – Floating Rate Loan	There are no charges for prepayment or part payments.
Failed Payment Charges	₹500 for each failed ECS/NACH transaction.
Switch/Repricing Fee	Up to 0.5% of the remaining loan amount is charged to change the interest rate type.
Late Payment Penalty	2% of EMI is for delayed payments; additional penalties are for missing mandates or insurance requirements.
Stamp Duty	Charged as per local laws.
Document Retrieval Fee	₹500 for document retrieval.
Taxes and Levies	As per applicable laws.

20 Lakh Deutsche Bank Home Loan – Documents Required

The requisite documents for a 20 lakh Deutsche Bank home loan are given in the table below:

Document Category	Details
Financial Documents	– Last 3 months’ salary slips – Form 16 or ITR – HR certification of allowances and reimbursements – Bank statements (main account) for the last 6 months – Existing loan repayment details or closure letter – Income Tax returns for the last 2 years – Profit & Loss Account with Balance Sheet for the last 2 years (certified by a CA) – Proof of business continuity for 3 years – Short note on business nature, organisation, clients, and suppliers.
Photo Identity	– Valid Passport – PAN Card – Voter ID Card – Driving License – NREGA Job Card – Aadhaar Card/UIDAI Letter
Address Proof	– Utility bills, rental agreements, or government-issued address documents.
Signature Proof	– Valid Passport – Banker’s Certificate – Driving License – PAN Card
Age Proof	– Valid Passport – Voter ID Card – PAN Card – Birth Certificate

Eligibility Criteria – 20 Lakh Deutsche Bank Home Loan

Following are the eligibility criteria for salaried and self-employed individuals wishing to apply for a 20 lakh Deutsche Bank housing loan:

Minimum Age: You must be at least 23 years old.
Maximum Age: The maximum age for salaried individuals is 65 or retirement, whichever comes first. The maximum age for self-employed individuals is 65.
Minimum Income: Your gross annual income should be at least Rs. 500,000

Frequently Asked Questions (FAQs)

How much would the EMI be for a ₹20 lakh home loan from Deutsche Bank with a 20-year repayment period?

The EMI that needs to be paid depends on the loan tenure and interest rate. For instance, if a 20 lakh Deutsche Bank home loan is availed at an interest rate of 9.40% per annum for a tenure of 20 years, the EMI amount would be ₹18,512.

Who can apply for a ₹20 lakh home loan from Deutsche Bank?

To qualify for a 20 lakh home loan from Deutsche Bank, salaried or self-employed individuals must be at least 23 years old, with a maximum age of 65 (or retirement for salaried individuals), and have a minimum gross annual income of Rs 5 lakhs.

What is the monthly interest rate for a ₹20 lakh home loan from Deutsche Bank?

The monthly interest rate of a 20 lakh Deutsche Bank home loan starts at 0.71%.

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