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DCB Home Loan Eligibility Calculator

DCB Bank Home Loan Eligibility in India 2021

Last Updated 21st May 2021

Eligibility CriteriaDCB Bank Home Loan
Eligible Age of Borrower21 - 60 years
  • DCB Bank home loan eligibility is dependent on factors like your age, income, property value and repayment capacity.
  • DCB calculates the amount of home loan you are eligible for using a formula that includes your net take home salary, the EMIs you have to pay and the value of property.
  • You can increase your eligibility to get a housing loan from DCB Bank by adding earning family members as co-applicants or by applying for a longer tenure loan.
Home Loan Eligibility Calculator

DCB Home Loan Eligibility

DCB offers various home loan schemes and offers at affordable rates to eligible customers whether salaried or self-employed. DCB housing loan eligibility is based on factors like age, salary, occupation, property type and credit score. Detailed information on these factors is mentioned in the further sections.

DCB Home Loan Eligibility based on Age

  • Age: Your age plays an important role in determining your eligibility and repayment capacity for home loan. Lower your age, higher will be the time period available to repay the loan, and hence higher home loan amount eligibility. The minimum age limit to get DCB Bank home loan is 21 years at the time of loan commencement and maximum age limit is 60 years. DCB Bank offers home loans for a maximum period of 30 Years subject to the condition that the borrower’s age at the end of the tenure must not exceed 60 of tenure.

DCB Home Loan Eligibility based on Salary

DCB Bank offers loan to self employed and businessmen for financing the expansion or working capital requirements of their business. There are some benefits of taking loan from DCB Bank:

  • Net income: Your net monthly income determines how much DCB Bank home loan EMI you are capable of paying after meeting all the living expenses based on your standard of living. For instance, if your salary is ₹ 25,000 then at interest rate of 6.75% offered by DCB Bank, the loan amount that you will be eligible for would be ₹ 24,34,761 to ₹ 33,13,026 depending on your age. Similarly, if your salary is ₹ 75,000, ou might get eligible for a loan amount of ₹ 48,69,522 to ₹ 66,26,052 for the same property at the same rate depending on your age at the time of loan application. However, DCB Bank asks for a net monthly income of ₹ 0 to avail a home loan.
Age Net Monthly Income (₹)
25,000 50,000 75,000
25 years33.13 Lakh49.70 Lakh66.26 Lakh
30 years33.13 Lakh49.70 Lakh66.26 Lakh
35 years33.13 Lakh49.70 Lakh66.26 Lakh
40 years33.13 Lakh49.70 Lakh66.26 Lakh
45 years29.83 Lakh44.75 Lakh59.67 Lakh
50 years24.35 Lakh36.52 Lakh48.70 Lakh

You may consider repaying any loans with short tenure and high EMI in order to increase your DCB Bank home loan eligibility.

  • Nature of employment: DCB Bank will check whether you are salaried or self-employed and the company and sector in which you are working. It also looks at your years of experience to check for job and income stability. DCB Bank requires minimum income history and job stability of more than 0 years for salaried individuals and of 0 years for self-employed individuals.

Home Loan Eligibility DCB Bank based on Value of Property

  • Value of property: DCB Bank does not finance the entire property value. The maximum home loan eligibility would depend upon the value of the property as shown below:
Property Value LTV
Less than 30 Lakh90%
Between 30 Lakh and 75 Lakh80%
Above 75 Lakh75%
  • Property documents: Your property’s legal documents should be satisfactory and be cleared by the DCB Bank's legal team.

The housing loan eligibility calculator of DCB Bank can be a useful tool to assess your eligibility for the loan.

Minimum CIBIL Score for DCB Home Loan

  • CIBIL Score: DCB considers credit score as a barometer to gauge your past credit behaviour and hence, CIBIL score becomes the most important factor to define your eligibility to get a home loan. Higher credit score increases your chances to get loan approval from DCB However, low CIBIL score reduces your chances to get a home loan. DCB requires a minimum credit score of 650 to be eligible for a home loan.

DCB Housing Loan Eligibility Calculator based on FOIR

FOIR (Fixed Obligation to Income Ratio) is an important parameter used by DCB to determine your home loan eligibility. DCB Bank considers all your fixed obligations like current EMIs into account while estimating your eligibility. Minimum FOIR required to be eligible for DCB Bank home loan is 0.65. Calculate your eligibility with DCB Bank home loan calculator and apply for eligible loan amount hassle free.

DCB Bank Home Loan for Women Eligibility

DCB Bank offers the same rates to women borrowers starting at 6.75% with similar eligibility criteria for home loan. In case of a joint home loan, the woman borrower also needs to be the co-owner of the property and should have a good credit history to get the joint home loan application passed for concessional rates.

How can I Check my DCBHome Loan Eligibility ?

To check DCB Bank home loan eligibility perform the following steps:-

  • Go to the DCB Bank website
  • Now navigate to the option DCB Bank home loan
  • To check eligibility criteria use a home loan eligibility calculator.
  • Fill the required details like loan amount required, salary, age etc.

Also you can contact the bank by calling on their customer care number .

Other Loan Calculators

FAQs

What is the criteria to get DCB Bank home loan?

The basic criteria to get a home loan from DCB Bank are as following:

Age21 - 60 years
Income ₹ 0
Income3 years for salaried, 5 years for self-employed
Credit score650 and above

How much home loan can I get on my salary from DCB Bank?

The amount for which you are eligible is calculated based on the FOIR and LTV. The higher your income, and the least is your fixed obligations (mostly ongoing EMIs), the higher will be your eligibility for a home loan.

What is the minimum salary to get home loan from DCB Bank?

The minimum salary required to avail home loan from DCB Bank is ₹ 0.for salaried borrowers. The income criteria for self employed professionals or businessmen may vary in DCB Bank.

Is DCB Bank good for home loan?

The lowest interest rate provided by DCB Bank is 10.24% which is a best rate in the market. There are no prepayment charges on floating rate based home loan. Hence, you can consider this as a good option for housing loan.

Does adding a co-applicant increase housing loan eligibility?

Yes, adding a co-applicant with an independent income source increases housing loan eligibility significantly. By doing so you will be able to get a higher loan amount and also both of you can save on taxes under Income Tax Act.

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DCB Home Loan News - Jun 2021
  • 2021-01-27 : DCB Bank reported Q3 profit at ₹96.21 crore
    DCB Bank posted a net profit of ₹96.21 crore for the third quarter ended December 2020. Further, it reported a total income of ₹1,023.86 crore backed by home, personal, car, two wheeler and gold loan along with business and mudra loans.
  • 2020-08-07 : DCB Bank Ltd posted Rs. 79.38 crore PAT in Q1FY21
    DCB Bank posted a net profit of Rs.79.38 crores for the period ended June 30, 2020, as against a net profit of Rs.68.76 crores for the period ended March 31, 2020. In addition to this, the Bank reported a total income of Rs.950.70 crores backed by retail loans like home, personal, gold, two-wheeler, and car loans along with business and mudra loans during the period ended June 30, 2020.
  • 2020-01-28 : DCB Bank Q3 profit increased by 12.3%
    Private sector lender DCB Bank profit for Q3 hiked by 12.3% to Rs. 96.70 crores. The Bank total income rose by 13.66% to Rs. 990 crores boosted by Home Loans and Personal Loans. Further, Net Interest Income increased by 9.86% to Rs. 323 crores.
  • 2019-05-08 : DCB Bank expects to double balance sheet in the next four years
    Private sector lender, DCB Bank expects to double the size of its balance sheet in the next three-four years. The banks would be focusing more on growing its SME, agri, retail, commercial vehicles and small-ticket loans in which their current growth is nearly 16%. As of now, their balance sheet stands at Rs. 35,792 crores.
  • 2019-02-28 : DCB Bank launches open banking for gen-next banking solutions
    DCB Bank has announced the launch of its open banking platform. For this, the lender will collaborate with nearly 20 start-ups and fin-techs in order to provide better service to its customers. The newly launched platform aims to provide seamless and innovative banking services to meet the growing demand of the customers. The lender also has plans to achieve a significant growth across its retail loans portfolio including personal loans and business loans.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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