85 Lakh Deutsche Bank Home Loan

The DCB Bank’s 85 lakh home loan is a feature-rich credit option. Borrowers can expect competitive interest rates, lower processing fees, transparent processing, and quick fund disbursement. However, estimating the 85 lakh home loan EMI in Deutsche Bank is crucial, as it helps determine whether you can manage the loan without default. To help you make a more informed decision, Urban Money presents a detailed overview of the Deutsche Bank housing loan EMI for 85 lakh. We also detail the Deutsche Bank home loan interest rate for 85 lakh, pertinent eligibility, required documentation, and associated fees. Let’s get started.

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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.
Reviewed By
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.

85 Lakh Home Loan Deutsche Bank – Highlights

The key parameters of the Deutsche Bank 85 lakh home loan are as follows:

Interest Rates 9.50% p.a onwards
Loan Amount 75% of the property price
Loan Tenure 5 – 20 years
Eligibility Either a salaried or self-employed 

85 Lakh Home Loan EMI for 5 Years 

Have a close look at the 85 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
₹85 Lakh 9.50% p.a. 5 years ₹1,78,516 ₹22,10,960 ₹1,07,10,960

85 Lakh Home Loan EMI for 10 Years Deutsche Bank 

Following are the 85 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
₹85 Lakh 9.50% p.a. 10 years ₹1,09,988 ₹46,98,560 ₹1,31,98,560

85 Lakh Home Loan EMI for 15 Years Deutsche Bank

Let’s examine the Deutsche Bank’s home loan 85 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
₹85 Lakh 9.50% p.a. 15 years ₹88,759 ₹74,76,620 ₹1,59,76,620

85 Lakh Home Loan EMI for 20 Years Deutsche Bank

Below are the 85 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
₹85 Lakh 9.50% p.a. 20 years ₹79,231 ₹1,05,15,440 ₹1,90,15,440

85 Lakh Home Loan EMI for 25 Years Deutsche Bank 

Following are the 85 lakh home loan EMI in Deutsche Bank with a tenure of 25 years:

Loan Amount Interest Rate Loan Tenure EMI Amount Total Interest Payable Total amount Payment
₹85 Lakh 9.50% p.a. 25 years ₹74,264 ₹1,37,79,200 ₹2,22,79,200

85 Lakh Deutsche Bank Home Loan – Fees and Charges 

Here are the fees and charges apart from the Deutsche Bank home loan interest rate of 85 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 

85 Lakh Deutsche Bank Home Loan – Documents Required

Following are the necessary documents for the Deutsche Bank 85 lakh home loan:

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

85 Lakh Deutsche Bank Home Loan – Eligibility Criteria 

Below are the 85 lakh home loan eligibility in Deutsche Bank:

Age Limit: You should be aged between 23 and 65 years old.
Employment Status: You should be either a salaried or self-employed individual.
Income Criteria: You should have earned at least ₹5 lakh per annum.
Credit Score: You should have a good credit score, preferably 700 or higher.
Nationality: You should be an Indian citizen.

 

Frequently Asked Questions (FAQ)

What is the EMI for an 85 lakh home loan for 20 years in Deutsche Bank?

₹79,231 is the estimated EMI for an 85 lakh home loan over 20 years, subject to the annual interest rate of 9.50%.

Who is eligible for an 85 lakh home loan in Deutsche Bank?

Salaried and self-employed individuals are eligible for an 85 lakh home loan in Deutsche Bank.

What is the monthly interest rate of an 85 lakh home loan in Deutsche Bank?

The monthly interest rate for a ₹85 lakh home loan in Deutsche Bank starts at 0.79%.

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