DCB Home Loan Interest Rates 2021

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 Floating	8.25% - 16.00%

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 has reduced interest rates on home loan by 1.99% on 01 Apr, 2021. After the cut in DCB Bank home loan rates, the latest rates start from 8.25%. The past home loan interest rate trend of DCB Bank is as below:

Last Revised Date	Lowest Home Loan Interest Rate of DCB	Rate Difference
01 Apr, 2021	10.24%	▼-1.99%
31 Mar, 2021	10.24%	▼-1.99%

DCB Bank offers multiple home loan schemes at affordable interest rates. However, you must do comparison between DCB Bank and other bank’s home loan rates before applying:-

Particulars	DCB Bank	SBI	HDFC
Interest Rate	8.25% - 16.00%	6.70% - 7.05%	6.75% - 8.20%
Processing Fees	Upto 2.00% Min ₹ 5,000	Upto 0.40% Min ₹ 10,000	Min ₹ 3,000
Loan Tenure	20 Years	30 Years	30 Years
Maximum Loan Amount	₹ 10 Cr	₹ 7 Cr	₹ 5 Cr
Age	21 - 65 Years	18 - 70 Years	24 - 65 Years
Benchmark Rate	1_year MCLR	RLLR	PLR
Lowest EMI Per Lakh	₹ 852 per lakh	₹ 645 per lakh	₹ 649 per lakh

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 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%.

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

✅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.