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DBS Home Loan Interest Rates 2021

DBS Bank Housing Loan Interest Rate -Today

Last Updated 09th Jul 2021

Current DBS Bank Home Loan interest rates Jul 2021 starts at 7.30% p.a. for a maximum tenure of 20 years. The processing fee on its housing loans is Maximum ₹ 10,000.

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 @ 6.65%* Get upto ₹ 1,000* Cashback

Current DBS Bank Home Loan Rate

Today DBS Bank home loan interest rates are in the range of 7.30% to 7.30%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 7.30%.

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 Rates for Salaried and Self Employed

The home loan interest rates in DBS for salaried & non-salaried employee 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 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
Foreclosure Charges Nil for floating rate home loans

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 lowest home loan balance transfer rate of 7.30%.

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

What is DBS Home Loan Interest Rate?

DBS Home Loan interest rate ranges between 7.30% to 7.30%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

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. you are paying an EMI more than ₹ 793 per lakh, you should consider the option for a loan transfer to DBS Bank from your existing bank.

  • DBS Bank offers RBI Repo Rate linked Home Loan which starts at 7.30%. Current Repo Rate of RBI is 4.00%. The Bank adds a mark up on RBI’s repo rate which is called DBS Bank Repo Rate Linked Lending Rate (RLLR). RLLR can change with change in Repo Rate. An additional spread is applied on RLLR which remains the same throughout the tenure. Bank applies a premium of 3.3% to the Repo Rate to arrive at this rate.
  • When RBI increases rates, the bank may increase its Repo Rate linked Home Loan rates by the same basis points for all existing and new Home Loans. When RBI cuts interest rates, the DBS Home Loan interest rates will reduce the interest rates by the same basis points, which will be effective from the 1st day of the following month.
  • For instance, if RBI slashes Repo Rate by 0.15%, then DBS Bank Repo Rate linked Home Loan rate will cut from 7.30% to 7.15%.

What is the current DBS Bank Home Loan rate?

The current DBS Home Loan rate starts from 7.30% with a processing fee of and Maximum ₹ 10,000.DBS housing loan rate varies across the applicant’s eligibility and the scheme they opt for. DBS offers different home loan rates for different home loan products.

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.

What are the interest rates of home improvement loans in DBS?

You can avail of DBS home loans for home improvement at regular home loan rates starting at 6.65%.

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

DBS home loan rates change for the existing customers if they have availed 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?

DBS home loan varies as per the loan amount. For home loan upto ₹ 25 Lakh, DBS provides home loan interest rate starting at 6.65%.

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 rate. In the case of the fixed rate, the interest remains the same whereas in the case of the floating rate the home loan rates keep varying according to the market.


DBS Bank Home Loan Reviews 5/5  by 1 customers
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DBS Bank Home Loan News - Jul 2021
  • 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.
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