DCB Home Loan Interest Rates 2022

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 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

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%

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%

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

Particulars	DCB Bank	SBI	HDFC
Interest Rate	8.25% - 15.00%	6.65% - 7.05%	6.75% - 7.95%
Processing Fees	Upto 2.00% Min ₹ 5,000	NIL	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	₹ 642 per lakh	₹ 649 per lakh

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%.

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

✅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.