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DBS Home Loan Interest Rates 2022

DBS Bank Housing Loan Interest Rate -Today

Last Updated 20th Jan 2022

Loan AmountDBS Bank Repo Rate Home Loan Rate
Upto ₹ 25 Lakh7.30%
₹ 25 Lakh - ₹ 75 Lakh7.30%
₹ 75 Lakh - ₹ 2 Cr7.30%
Above ₹ 2 Cr7.30%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

DBS Bank Home Loan Rate

DBS Bank offers home loans to both salaried individuals and self-employed at a minimum rate starting at 7.30% up to 7.30%. Apart from the interest rate, the bank also has various other charges such as DBS Bank processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

DBS Bank Home Loan Processing Fee and Other Charges

DBS Bank charges the maximum processing fees at ₹ 10,000 on home loan which is typically non-refundable and has to be paid at the time of loan application. In addition to processing fees, the bank also charges certain technical and legal charges which are explained to the customer during the loan process and are payable once the loan application proceeds further.

Processing Fees maximum fee of ₹ 10,000
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on DBS Home Loans Schemes

DBS Bank offers a housing loan interest rate at 7.30%. If you want to avail of the home loan at the lowest rates, you should have a good CIBIL score, debt-income ratio and repayment capacity. In addition, DBS Bank home loan interest rates are lower for existing customers of the bank and individuals who are working with reputed corporations with a stable employment history.

Below-mentioned are DBS Bank home loan rates for multiple housing schemes.

DBS Bank Home Loan Scheme Interest Rates
DBS Bank Repo Rate Home Loan7.30%

DBS Home Loan Interest Rate for Salaried and Self-Employed

The home loan interest rates in DBS for salaried and self-employed is mentioned in the table below:

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 25 Lakh 7.30%
₹ 25 Lakh - ₹ 75 Lakh 7.30%
₹ 75 Lakh - 2 Cr 7.30%
Above ₹ 2 Cr 7.30%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 25 Lakh 7.30%
₹ 25 Lakh - ₹ 75 Lakh 7.30%
₹ 75 Lakh - 2 Cr 7.30%
Above ₹ 2 Cr 7.30%

DBS Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount DBS Home Loan Rate For Women DBS Home Loan Rate For Govt Employee
Upto ₹ 25 Lakh 7.30% 7.30%
₹ 25 Lakh - ₹ 75 Lakh 7.30% 7.30%
₹ 75 Lakh - 2 Cr 7.30% 7.30%
Above ₹ 2 Cr 7.30% 7.30%

DBS Home Loan Balance Transfer Interest Rates

DBS Bank home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to DBS Bank at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, DBS Bank offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate DBS Bank
Maximum Annual Percentage Rate (APR) 7.3% to 7.3%
Representative example of the total cost of the loan, including all applicable fees
Here is an illustration of the total cost of the loan:
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 5 Years to 20 Years
  • DBS Bank Home Loan Interest Rate: 7.30% to 7.30%
  • Processing Fee payable to: NIL
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 793 for 20 Years ₹ 1,00,000 loan at 7.30% (lowest rate, longest time period) to ₹ 1,994 for 5 Years ₹ 1,00,000 loan at 7.30% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 7.3% to 7.3%
  • Total cost payable over loan tenure: ₹ 1,19,658 for 5 Years loan to ₹ 1,90,418 for 20 Years loan

FAQs

Has DBS reduced home loan rates?

Presently, DBS offers personal loans at an interest rate starting at 7.30%. There has been no change in personal loan rates of DBS for a long time and continue to stand at 7.30%.

Why should I opt for balance transfer to DBS Bank?

DBS Bank offers lowest Home Loan EMI of ₹ 793 per lakh availed at the lowest interest rate 7.30% for a maximum tenure of 20 years. If you are paying an EMI more than ₹ 793 per lakh, you should consider the option for a loan transfer to DBS from your existing bank. Current DBS balance transfer rate is 6.50%.

Can DBS Bank housing loan interest rate be negotiated?

Yes, if you have a good relationship with the bank and a high credit score, you can negotiate with DBS to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Can DBS revise the home loan interest rates for their existing customers?

Yes, DBS offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does DBS offer a concessional home loan interest rate for women?

Yes, DBS offers special home loan interest rates for women. As against DBS home loan rates for male which is 7.30%, the home loan interest rate for women starts at %.

What is the DBS home loan rate of ₹ 25 Lakh for 15 years?

For home loan upto ₹ 25 Lakh, DBS provides home loan interest rate starting at 7.30%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

At what interest rate does an DBS employee get a home loan?

DBS offers concessional home loan rates of about 1% than the current home loan rates to DBS employees.

Is DBS Bank home loan a floating rate loan or fixed-rate loan?

DBS home loan is offered at both fixed and floating rates. In the case of the fixed-rate, the interest remains the same throughout the tenure. On the other hand, the home loan rates vary as per the market fluctuations for floating home loan rates.

What is the DBS home loan rate today ?

DBS home loan rate today is in the range of 7.30% to 7.30%.The bank also charges a processing fee of upto Maximum ₹ 10,000 of the home loan amount.

How much interest does DBS take on home loans?

The rate of interest on DBS home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, DBS home loan current interest rate 2021 are in the range of 7.30% to 7.30%.


DBS Bank Home Loan Reviews 5/5  by 1 customers
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DBS Home Loan News - Jan 2022
  • 2021-04-30 : DBS planning to buy Citi’s consumer banking in India
    DBS is planning to purchase Citi’s consumer business in India. Citibank announced that it will be exiting from 13 international consumer banking markets, including India and China as part of its global strategy.
  • 2021-03-09 : DBS Bank launched a travel marketplace on the digibank app
    DBS Bank introduced a travel marketplace on the digibank app. It will enable customers to browse and book flights, bus tickets and hotels across hundreds of destinations within and outside of India. DBS bank offers a savings account and currently the interest on the savings account is 4%.
  • 2019-03-06 : DBS Bank inaugurates the first branch in Ahmedabad
    DBS Bank on has inaugurated its first branch in Ahmedabad with a focus on catering to the needs of Small and Medium-sized Enterprises (SMEs), corporate and retail segment. The lender is increasing its presence in the state as well as the nation also by opening eight more number of bank branches. The lender has further plans to reach out to more number of SMEs through their digital offerings as well as superior banking services.
  • 2018-09-07 : DBS Bank hikes Floating Home Loan and LAP rates
    DBS Bank has increased its floating Interest Rate on the home loan and Loan Against Property (LAP) by 25 basis point following the hike in its MCLR. The new rate for the Home loan now starts at 9.70% and for that of LAP at 12.15%, a hike of 25 basis points. The revised rates are effective from September 7, 2018. There is no change in the processing fees.
  • 2018-08-08 : DBS Bank revises MCLR rates
    DBS Bank has revised its MCLR for the month of August. The rates continue to be in the range of 8.60% to 8.90%. Six month MCLR is now at 8.85% and that of one year is 8.90%. The rates are effective from August 7, 2018.
*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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