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DCB Home Loan Interest Rates 2022

DCB Bank Housing Loan Interest Rate -Today

Last Updated 13th May 2022

  • Current DCB Bank Home Loan interest rates May 2022 starts at 8.25% p.a. for a maximum tenure of 20 years.
  • The processing fee on DCB Bank housing loans is Upto 2.00%, Minimum ₹ 5,000 . Check Best Offers.
  • Use DCB Bank home loan interest calculator to calculate EMI on lowest rates.
Interest Rate General 8.25% - 15.00%
Interest Rates for Women 8.25%
Benchmark rate MCLR
Processing Fees NIL
Part Payment/Foreclosure Charges Nil for floating rate home loans
Balance Transfer Rates 6.50%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Voucher

DCB Bank Home Loan Interest

DCB Bank offers home loans to both salaried individuals and self-employed at a minimum rate starting at 8.25%. Apart from the interest rate, the bank also has various other charges such as DCB Bank processing fee and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

  • Current DCB Bank Bank housing loan interest rates range between 8.25% to 15.00% for male borrowers.
  • DCB Bank home loan interest for women borrowers is less than the general housing loan rates and starts at 8.25%.
  • Existing customers can get the lowest DCB Bank bank home loan rate by negotiation with the bank.

DCB Bank Housing 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 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
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest Rates on DCB Home Loans Schemes

DCB Bank offers a housing loan interest rate of 8.25%. 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, DCB 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 DCB Bank home loan rates for multiple housing schemes.

DCB Bank Home Loan Scheme IR Salaried (Male) IR Salaried (Female) IR Self-employed (Male) IR Self-employed (Female)
Development Credit Bank Home Loan Floating 8.25% 8.25% 8.25% 8.25%

DCB Home Loan Interest Rate for Salaried and Self-Employed

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

Home Loan Interest Rate for Salaried

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%

Housing 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 Interest Rate For Women & Govt Employee

Loan Amount DCB Home Loan Interest For Women DCB Home Loan Interest For Govt Employee
Upto ₹ 25 Lakh 8.25% 8.25%
₹ 25 Lakh - ₹ 75 Lakh 8.25% 8.25%
₹ 75 Lakh - 1 Cr 8.25% 8.25%
Above ₹ 1 Cr 8.25% 8.25%

DCB Home Loan Balance Transfer Interest Rates

DCB Bank home loan balance transfer facility is ideal for existing home loan customers paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to DCB Bank at a lower interest rete without closing the account. However, you 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 loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate DCB Bank
Maximum Annual Percentage Rate (APR) 8.35% to 15.1%
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 15.00%
  • 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 ₹ 2,379 for 5 Years ₹ 1,00,000 loan at 15.00% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 8.35% to 15.1%
  • Total cost payable over loan tenure: ₹ 1,24,378 for 5 Years loan to ₹ 2,06,497 for 20 Years loan

DCB Home Loan Rate Trends (Historical)

DCB Bank, which is one of the leading HFC in the country offers the lowest home loan rate starting at 8.25%. There has been no change in the lowest interest rate of DCB Bank home loan interest rate for a long time and the interest rate continues to be in the range of 8.25% to 7.95%.

FAQs

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

DCB Bank offers home loans 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 DCB Bank home loan interest rate for existing customers?

Existing customers of DCB Bank who have any other loan accounts or investment accounts in DCB Bank can get a discounted rate than the general DCB Bank bank home loan interest rate. The current DCB Bank home finance rate of interest is 8.25%.

What is the DCB Bank home loan rate today?

DCB Bank offers home loan interest rate today is in the range of 8.25% to 15.00%. The bank does not charge any processing fees on the home loan amount. You can get the lowest DCB Bank interest rate if you have a good CIBIL and existing relationship with the bank.

Why should I opt for balance transfer to DCB Bank?

DCB Bank offers the lowest balance transfer rates on housing loans. At the lowest rates, your housing loan EMI will be ₹ 852. If you are paying an EMI of more than ₹ 852, you should transfer your outstanding loan from the existing bank to DCB Bank. Apart from the discounted rates, you can also avail of flexible loan tenure, top-up loans and other benefits.

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 DCB interest rates. Apart from the home loan rates, you can also negotiate over the processing fee.

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 %.

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.


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DCB Home Loan News - May 2022
  • 2021-09-14 : DCB Bank Revises MCLR Rate
    DCB Bank has revised the Marginal Cost of Funds Lending Rate (MCLR) for different tenures. Now, the one-year and six-month MCLR are 9.02%. Three-months MCLR is at 8.77%, one month and overnight MCLR is 8.07%.
  • 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.
*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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