55 Lakh Deutsche Bank Home Loan

Urban Money brings you the 55 Lakh Deutsche Bank Home Loan, helping you purchase and renovate your residential complexes in well-maintained societies. The loan is one of the top financial choices for families, given its flexible repayment options of up to 20 years and low administrative fees. The 55 Lakh Deutsche Bank Home Loan is available at a low interest rate of 8.50%, which increases according to your CIBIL Score.  Explore the blog for detailed information on EMI options, loan features, and the total monthly payment.

Key Highlights of 55 Lakh Deutsche Bank Home Loan

These are the key aspects of Deutsche Bank’s ₹55 lakh home loan, which can help you evaluate it against other financial products.

55 Lakh Home Loan EMI for 5 Years Deutsche Bank

According to the Urban Money calculator, here is the EMI and interest payable for a 55 Lakh Home Loan from Deutsche Bank for a tenure of 5 years:

55 Lakh Home Loan EMI for 10 Years Deutsche Bank

If you want to pay off your Deutsche Bank’s 55 Lakh Home Loan within ten years, here is the interest and EMI amount:

55 Lakh Home Loan EMI for 15 Years Deutsche Bank

With a loan tenure of 15 years and an interest rate of 8.50%, the EMI and interest payable for a 55 Lakh Home Loan from Deutsche Bank are:

55 Lakh Home Loan EMI for 20 Years Deutsche Bank

Based on a loan tenure of 20 years and an interest rate of 8.50%, the EMI and interest payment for Deutsche Bank’s 55 Lakh Home Loan stands at:

55 Lakh Deutsche Bank Home Loan – Fees and Charges 

The pre-payment charges for a 55 Lakh Home Loan from Deutsche Bank are as follows:

Other than the normal switching fees of 0.50%, the penal charges for non-payment include.

Some other mandatory charges for the loan include:

55 Lakh Deutsche Bank Home Loan – Documents Required

Some of the common documents required for both salaried and self-employed individuals are their driver’s license, NREGA job Card duly signed by a government official, Aadhar Card, Banker’s Certificate, PAN Card, Passport, and Voter ID Card. 

Documents Required Only By Self-employed Employees:

• The last two years ITR 
• The previous three years’ proof of business continuity 
• The last six months’ bank statements
• Description of the nature of business 
• The previous two years’ Profit and Loss statement and Balance Sheet 

Documents Required Only By Salaried Employees: 

• The last three months’ salary slip 
• Form 16 or ITR 
• HR Certificate for all allowances and reimbursements
• The last six months’ bank statements
• Loan Closure Letter for previous debts 

55 Lakh Deutsche Bank Home Loan – Eligibility Criteria 

The official eligibility criteria for a 55 Lakh Home Loan from Deutsche Bank are as follows: