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DCB Home Loan Interest Rates 2021

DCB Bank Housing Loan Interest Rate -Today

Last Updated 25th Jun 2021

Current DCB Bank Home Loan interest rates Jul 2021 starts at 8.25% p.a. for a maximum tenure of 20 years. The processing fee on its housing loans is Upto 2.00%, Minimum ₹ 5,000 .

Loan AmountDevelopment Credit Bank Home Loan Floating Rate
Upto ₹ 25 Lakh8.25%
₹ 25 Lakh - ₹ 75 Lakh8.25%
₹ 75 Lakh - ₹ 1 Cr8.25%
Above ₹ 1 Cr8.25%
Apply for Home Loan @ 6.65%* Get upto ₹ 1,000* Cashback

Current DCB Bank Home Loan Rate

Today DCB Bank home loan interest rates are in the range of 8.25% to 16.00%, with special discounted rates for specific categories of borrowers such as women borrowers for whom the bank offers the lowest interest rate of 8.25%.

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

DCB Bank Home Loan Scheme Interest Rates
Development Credit Bank Home Loan Floating8.25% - 16.00%

DCB Home Loan Interest Rates for Salaried and Self Employed

The home loan interest rates in DCB for salaried & non-salaried employee is mentioned in the table below:

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 25 Lakh 8.25%
₹ 25 Lakh - ₹ 75 Lakh 8.25%
₹ 75 Lakh - 1 Cr 8.25%
Above ₹ 1 Cr 8.25%

DCB Bank Home Loan Processing Fee and Other Charges

DCB Bank home loan processing charges are upto 2.00% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. DCB Bank charges a minimum processing of ₹ 5,000 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 Upto 2.00% of the loan amount; minimum processing fee of ₹ 5,000
Foreclosure Charges Nil for floating rate home loans

DCB Home Loan Balance Transfer Interest Rates

DCB 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 DCB 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, DCB Bank offers the lowest home loan balance transfer rate of 8.25%.

Illustration on Home Loan Interest Rate DCB Bank
Maximum Annual Percentage Rate (APR) 8.35% to 16.1%
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
  • DCB Bank Home Loan Interest Rate: 8.25% to 16.00%
  • Processing Fee payable to: Upto ₹ 2,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 852 for 20 Years ₹ 1,00,000 loan at 8.25% (lowest rate, longest time period) to ₹ 2,432 for 5 Years ₹ 1,00,000 loan at 16.00% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 8.35% to 16.1%
  • Total cost payable over loan tenure: ₹ 1,24,378 for 5 Years loan to ₹ 2,06,497 for 20 Years loan

FAQs

What is DCB Home Loan Interest Rate?

DCB Home Loan interest rate ranges between 8.25% to 16.00%. The salaried borrowers with high credit score and income are eligible to get lower interest rates.

Has DCB reduced home loan rates?

As per the current rates, DCB has cut its home loan rates by 1.99% from 10.24% to 8.25%, which is one of the best rates in the market. The new rates are effective from 01 Apr, 2021.

Why should I opt for balance transfer to DCB Bank?

DCB Bank offers lowest Home Loan EMI of ₹ 852 per lakh availed at the lowest interest rate 8.25% for a maximum tenure of 20 years. you are paying an EMI more than ₹ 852 per lakh, you should consider the option for a loan transfer to DCB Bank from your existing bank.

  • Floating rate on DCB Bank housing loan is linked to its 1 Year MCLR Rate, which is currently at 9.37%. When Bank offers a Home Loan at %, it applies a premium of -9.37% to its MCLR Rate to arrive at this Home Loan rate.
  • When RBI increases rates, the bank may increase its MCLR rate and the applicable interest rate for all existing and new Home Loans would increase. When RBI cuts interest rates and the bank reduces the MCLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.

What is the current DCB Bank Home Loan rate?

The current DCB Home Loan rate starts from 8.25% with a processing fee of Upto 2.00%, Minimum ₹ 5,000.DCB housing loan rate varies across the applicant’s eligibility and the scheme they opt for. DCB offers different home loan rates for different home loan products.

Can DCB 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 DCB to lower the home loan rates.

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

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

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

DCB 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 DCB offer a concessional home loan interest rate for women?

Yes, DCB offers special home loan interest rates for women. As against DCB home loan rates for male which is 8.25%, the home loan interest rate for women starts at %.

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

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

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

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

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

DCB 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.


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DCB Bank Home Loan News - Jul 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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