Deutsche Bank Home Loan Interest Rates

Deutsche Bank Home Loan Interest Rates 2024

The Deutsche Bank offers home loans to customers in India of up to Rs 25 crores to cater to their housing requirements. This financial institution provides lucrative interest rates to customers who can be both salaried or self-employed individuals commencing from 6.40% per annum. The bank also makes various other facilities and features that loan applicants can avail of.

Deutsche Bank Home Loan Interest Rate Highlights

The following table showcases the key highlights of the Deutsche Bank Home Loan Interest Rates:

Highlight
Loan amount	Upto Rs 25 Crores
Tenure	Ranges from 5 to 20 Years
Loan Available	To both salaried and self-employed Individuals
Financing	Upto 80% of the market value of the property
Processing Fee	1% of the loan amount

Deutsche Bank Home Interest Rates on Loan schemes 

Deutsche Bank offers a home loan schemes based on the residence of the customers. One can employ funds from the institution to obtain new property and construct a house on an acquired plot.

Deutsche Bank Home Loan – General Citizens

Eligibility	Salaried and Self-employed Individuals
Loan Amount	Upto 90% of the market value of the property
Rate of Interest	6.90% Onwards
Processing Fee	Up to 3% of the loan amount along with GST
Loan Tenure	Upto 30 Years

Deutsche Bank Home Loan for NRIs and PIOs

Deutsche Bank offers home loans to Non-resident Indians (NRI) and Person of Indian Origin (PIOs).

• To purchase flats, bungalows and row houses from private developers in India. 
• House purchased from government development authorities such as DDA, MHADA etc. 
• To purchase a leasehold plot or construct a home on a plot allotted by the development authority of India. 
• Purchase already constructed on the co-operative societies, Apartment owner associations and privately built-up homes.

Deutsche Bank Plot Scheme 

Th Deutsche Bank allows customers to raise funds to obtain a plot of land in India. The plot obtained can be through direct allotment or resale. 

Eligibility	Salaried and Self Employed individuals
Loan Amount	80% of the market value of the property
Interest Rate	6.90% Onwards
Processing Fee	Upto 0.5% of the loan amount
Loan Tenure	Upto 15 years

Deutsche Bank Home Extension Loan Scheme 

The loan is provided to homeowners who want to extend or add space to their property:

Eligibility	Salaried and Self-Employed individuals
Loan Amount	90% of the market value of the property
Interest Rate	6.90% Onwards
Processing Fee	Upto 0.5% of the loan amount
Loan Tenure	Upto 20 years

Deutsche Bank Home Loan Top-up Scheme 

Borrowers can avail of the top-up facility where they can raise additional funds on their already existing home loan. The money obtained can be utilised for various personal or business-related purposes.

Eligibility	Salaried and Self Employed individuals
Loan Amount	90% of the market value of the property
Interest Rate	6.90% Onwards
Processing Fee	Upto 0.5% of the loan amount
Loan Tenure	Upto 20 years

Deutsche Bank Home Loan under Pradhan Mantri Awas Yojana Subsidy

Under this scheme, the financial institution aims to cater to the financial requirement of EWS/LIG families. The families falling under MIG-1 or MIG-2 categories can avail of home loans from the Deutsche Bank.

Eligibility	Salaried and Self Employed individuals
Loan Amount	No Cap
Interest Rate	3.00% Onwards
Subsidy	Upto Rs 2.67 Lakhs
Loan Tenure	Upto 20 years

Deutsche Bank Home Loan Balance Transfer 

The home loan balance transfer allows the borrowers to lower their repayment amount by making a balance transfer.

Eligibility	Salaried and Self-Employed individuals
Loan Amount	Upto Rs 50 Lakhs
Interest Rate	6.90% Onwards
Processing Fee	0.5% of the loan amount
Loan Tenure	Upto 30 years

Deutsche Bank Reach Loans – Residents with at least Rs 10,000 Monthly Income

This scheme offers loans to residents with an annual salary of Rs 2 Lakhs per annum. The amount obtained can be utilised to obtain a new plot or construction of a house and can be availed of by both general citizens and Non-resident Indians.

Eligibility	Salaried and Self Employed individuals
Loan Amount	Upto Rs 50 Lakhs
Interest Rate	6.90% Onwards
Processing Fee	0.5% of the
Loan Tenure	Upto 30 years

Deutsche Bank Rural Housing 

The Rural Housing scheme of the bank is designed specifically for the agricultural, planters, horticulturists and dairy farmers. The scheme is designed to cater to individuals employed in the agricultural sector so that they can obtain residential property in rural and urban areas. Self-employed and salaried employees can also avail of a loan under this scheme.

Eligibility	Salaried and Self Employed individuals
Loan Amount	Upto Rs 50 Lakhs
Interest Rate	6.90% Onwards
Processing Fee	0.5% of the loan amount
Loan Tenure	Upto 30 years

Deutsche Bank Home Improvement Loans – For Renovation Costs 

The Deutsche Bank home improvement loans allows customers to raise funds for home improvement projects.

Eligibility	Salaried and Self-Employed individuals
Loan Amount	Existing Customer – 100% of the home improvement cost   New Customer – 90% of the home improvement cost
Interest Rate	6.90% Onwards
Processing Fee	0.5% of the loan amount
Loan Tenure	Upto 15 years

Deutsche Bank Home Interest for Salaried and Self-Employed

The Deutsche Bank offers loan with the bank to salary and self-employed individuals. The interest rate for the same varies based on numerous factors. The Deutsche Bank home loan interest rate is linked to the 3 Month Treasury bill rate. The applicant’s current rate and credit profile are accounted for to calculate the interest rate offered. This is why the interest rate offered may vary based on the applicant. Generally, the Deutsche Bank home loan interest rate for salaried and self-employed individuals commences from 6.40% per annum.

Deutsche Bank Home Loan Interest Rate For Women

The Deutsche bank offers special discounted interest rates to women applicants applying for Home loans. The following table showcases the interest rates on home loans.

Home Loan Scheme	Interest Rate for Women (Per annum)	Interest Rate for General Citizens (Per annum)
Deutsche Bank Home Loan Scheme	6.90% – 7.95%	7.00% – 8.00%
Deutsche Bank Reach Loan	8.75% – 14%	8.75% – 14.00%
Plot Loan	7.05% – 8.05%	7.10% – 8.10%
Rural Housing Loan	6.90% – 8.70%	7.00% – 8.70%
Home Extension Loan	6.90% – 7.95%	7.00% – 8.00%
Home Improvement Loan	6.90% – 7.95%	7.00% – 8.00%
Home Loan Balance Transfer	Commences from 6.90%	Commences from 6.90%

Deutsche Bank Home Loan Charges

The Deutsche Bank charges the following fees to process the home loan application.

Processing Fee	Salaried Individual: 0.50% of the loan amount Self-Employed Professionals: 0.50% of the loan amount Self-employed Non-professionals: Upto 1.50% of the loan amount.
Prepayment Charges	No prepayment charges shall be levied. In case the borrower selects floating rates.
Dishonour Charges	Upto Rs 200/-
Document Photocopy	Upto Rs 500/-
PDC Swap	Upto Rs 200/-
Change in Loan Term	Upto Rs 500/-
Re-appraisal	Upto Rs 2,000/-

How to Calculate Deutsche Bank Home Loan Interest Amount?

One can calculate the interest on the Deutsche Bank Home loan by employing the Home Loan calculator from the comfort of their home. The calculator entails a straightforward interface that allows the user to derive the value of the EMI amount without any hassle. The user must mention the home loan amount, Repayment tenure, and rate of interest offered on the home loan. After successfully mentioning the values, the user can instantly review the EMI amount on the loan.

The user can also calculate the value of the EMI amount on the Home loan by employing the following formulae.

EMI = [P x r x (1+r)^n]/[(1+r)^n-1]

Where,

• P is the Principal amount. 
• r is the rate of interest on the loan 
• n is the tenure of the repayment

Why are Deutsche Bank Home Loan Interest Rates the Best for Customers?

Deutsche bank offers lucrative interest rates to customers through a myriad of home loan schemes. The bank is one of the most renowned institutions in the banking sector, offering excellent services to cater to the requirements of its customer base. 

Deutsche Bank Home Loan Interest Rates for Existing Customers

The Deutsche Bank Home Loan interest rate commences from 6.90% per annum and varies based on the applicant’s creditworthiness. The existing customers with the bank can avail of discounts on the interest rate to reduce the overall cost of the home loan.

Factors that Affect Deutsche Bank Home Loan Interest Rate and EMI

The following factors can affect the Deutsche Bank Home Loan Interest Rates and EMIs:

• The CIBIL Score of the applicant impacts the interest rate offered to the applicant. Applicants with satisfactory CIBIL scores are offered better interest rates as it showcases creditworthiness.
• The tenure of the home loan also impacts the interest rate. A lengthy tenure will reduce the burden of EMIs, but the borrower would also pay interest for a more extended period. The banks offer low-interest rates to borrowers who opt for lengthy tenures.
• The property-to-value ratio is also accounted for to compute the interest on the home loan. The bank charges lucrative interest rates for the rest if a borrower pays a substantial portion of the property’s value from their pocket.