40 Lakh Deutsche Bank Home Loan

For affordable housing options in well-reputed societies, the 40 Lakh Home Loan from Deutsche Bank is one of the best financial tools available. The loan is available for purchasing or renovating any residential unit with the lowest interest rates starting from 8.50%. With benefits like competitive balance transfer rates and flexible loan repayment tenures of up to 20 years, Deutsche Bank’s 40 Lakh Home Loan is well-suited for families with kids. As per Urban Money, the loan is available with minimal eligibility criteria and administrative fees for more than INR 40 Lakh funding. Visit the blog below to find out all the details for this loan and the various EMI payments made over different loan tenures.

40 Lakh Home Loan Deutsche Bank – Highlights

These are the various features of the 40 Lakh Home Loan from Deutsche Bank, which makes it better than all the other financial options available:

40 Lakh Home Loan EMI For 5 Years Deutsche Bank

The EMI and interest payable estimates for a 5-year tenured 40 Lakh Home Loan from Deutsche Bank at an interest rate of 8.50% are:

40 Lakh Home Loan EMI For 10 Years Deutsche Bank

If you want to pay off your ₹40 lakh Home Loan from Deutsche Bank within ten years, here are the estimated EMIs and interest payments:

40 Lakh Home Loan EMI For 15 Years Deutsche Bank

The EMI estimates and interest payable for a ₹40 lakh Home Loan from Deutsche Bank with an interest rate of 8.50 and loan tenure of 15 years are as follows:

40 Lakh Home Loan EMI For 20 Years Deutsche Bank

For a tenure of 20 years, the EMI estimate for the Deutsche Bank’s ₹40 lakh Home Loan at an interest rate of 8.50% stands at:

40 Lakh Deutsche Bank Home Loan – Fees And Charges

Deutsche Bank charges 1% administrative fees on the total loan amount for the 40 Lakh Home Loan. There are no prepayment charges for floating interest rates, but for fixed interest rates, they are 2.50% of the total outstanding payment. The part-payment charges for the loan are 2.50%, while borrowers who don’t follow the standing instructions are charged INR 500.

Some other minor charges include:

• EMI Overdue: 2% of the EMI amount.
• Repayment Mandates: 0.05% of the loan sanction amount.
• Property Insurance: 0.05% of the loan sanction amount annually if a valid policy is not submitted.
• ROC Charge Creation: 0.05% of the loan sanction amount for delayed charge creation.
• Stamp Duty: As per state regulations.
• ECS/NACH/SI Swap Fees: ₹500.
• Document Retrieval Fees: ₹500.
• Taxes and Levies: As applicable.

40 Lakh Deutsche Bank Home Loan – Documents Required

The documents required to apply for a 40 Lakh Home Loan from Deutsche Bank must prove your identity, address and repayment capabilities.

40 Lakh Deutsche Bank Home Loan – Eligibility Criteria

Anyone, whether a salaried individual or a self-employed professional, can apply for a ₹40 lakh home loan from Deutsche Bank. Applicants should be between 23 and 65 years old and have a minimum annual income of ₹500,000.