Deutsche Home Loan Interest Rate Calculator - Dec 2016

Deutsche Bank Home Loan Interest Rates

Last Updated 09th Dec 2016
7th Dec 2016 - RBI keeps interest rates unchanged. Repo rate stays at 6.25%. CRR at 4%. 100% CRR on fresh deposits withdrawn
Interest Rate 9.45% - 9.45%
Check Special Offers
Lowest EMI Rs. 929 per lakh
Max Tenure 20 years
Processing Fee Upto 1.00%
Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans
Age Min 23 and Max 65 years for Salaried
Min 23 and Max 65 years for Self Employed
Apply Home Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 





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Deutsche Bank Home Loan

Deutsche Bank offers home loan to the people who want money to purchase a house, home renovation and home extension etc. The house itself acts as a security to the loan.

Home Loan Deutsche

Home loan interest rates offered by Deutsche Bank depends upon MCLR.
  • Floating rates changes with a single change in MCLR rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates.
Deutsche Bank offers home loan based on 1 Year MCLR rates which is currently 9.10%.
Deutsche Bank home loan interest rate depends upon
  • Loan amount: Home loan rate in Deutsche Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • Company where you work: Deutsche Bank has a list of companies to which they lend Home loan. Interest rate will be less if your company is listed
  • Your Salary: Income helps you in identifying your rate of interest. Deutsche Bank interest rate varies with your monthly income. Higher the income, less will the rate of interest

Home Loan Charges

  • Foreclosure Charges - These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. Deutsche Bank allows prepayment of home loan with Nil prepayment charges
  • Processing Fee - Deutsche Bank asks for a processing fee of 1.00% of loan amount with applicable service tax

Deutsche Home Loan EMI Calculator

    Home Loan EMI of Deutsche Bank is a fixed amount that you pay each month towards the repayment of your home loan till the end of tenure
  • Home Loan EMI calculator of Deutsche Bank helps you to calculate your monthly EMI at different rate of interest and also check lowest EMI per lakh on home loan.
  • You can plan your loan amount according to your monthly repayment capacity because higher the loan amount, higher will be the EMI
  • Rate of interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
  • Loan tenure matters equally as higher tenure reduces your EMI
What are the benefits of calculating Deutsche Bank Home Loan EMI?
  • EMI calculator of Deutsche Bank helps you to calculate your monthly EMI at different rate of interest
  • Deutsche Bank Housing Loan EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

Deutsche Home Loan Eligibility Calculator

Home Loan eligibility criteria Deutsche Bank
Eligibility of House loan in Deutsche Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are
  • Age: Age plays an important role to know your eligibility and repayment capacity. Deutsche Bank offers Home loan to salaried at the age of 23 to 65 years and self employed individuals at 23 to 65 years
  • Income: In case of salaried person, Deutsche Bank Loan eligibility significantly depends upon the income. Usually bank set minimum levels of income to apply for house loan. Deutsche Bank asks for net monthly income of minimum 40,000. Salaried employee should be in government job or working with a reputed private company and getting regular salary in bank account with salary slip, form 16
  • Job stability and Profession: Job stability is important to improve your status and eligibility for Home loan from Deutsche Bank. In case you are salaried, you must be in a full time job for at least 2 months. In case you are self-employed, you must be in current profession or business for at least 3 years and should preferably own either your office or your place of residence. Minimum turnover and minimum net income criteria may apply. Business must be registered with at least one government agency such as service tax, VAT, excise, shops and establishment registrar. Other than job stability, profession is also an important factor which can affect your Deutsche Bank eligibility. If you are working with a reputed company, probability of getting home loan from Deutsche Bank increases as the income is considered to be more stable
  • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your Home loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your Home loan eligibility
  • Loan Amount: Deutsche Bank gives you Home loan depending upon your income. Deutsche Bank gives you an amount ranging from Rs. 1,500,000 to Rs. 100,000,000. To improve chances of approval, apply for a loan amount that you can comfortably service
  • Estimated eligibility online by using Eligibility Calculator.

    Deutsche Bank Floating Rate Home Loans

    Deutsche Bank Home Loan Floating
    Upto Rs. 2,500,000 - 9.45%
    Rs. 2,500,001 - 7,500,000 - 9.45%
    Rs. 7,500,001 - 20,000,000 - 9.45%
    Above Rs. 20,000,000 - 9.45% linked to 1 Year MCLR

    Deutsche Bank Home Loan Top up, Transfer

    Transfer of Home Loan from another bank to Deutsche Bank?
    Deutsche Bank offers home loan balance transfer from another bank. This is subject to your meeting other eligibility criteria of Deutsche Bank
    You can avail additional top-up home loan from Deutsche Bank, subject to your eligibility

    Housing Loan Deutsche documents required

    Home Loan for Salaried employee Deutsche Bank documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • ITR of last 2 years
    • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

    Home Loan for Self-Employed Deutsche Bank documents required

    • Filled up loan application form
    • 2 Passport Size Photo
    • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
    • ITR of last 2 years
    • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
    • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

    Frequently Asked Questions

    Why to take home loan from Deutsche Bank?
    Deutsche Bank offers home loan at lower rate of interest i.e. at 9.45% with the lowest EMI of Rs. 929 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your home loan to Deutsche Bank.
    What is the maximum loan tenure I can opt under Deutsche Bank house loan?
    Deutsche Bank offers you a longer tenure of 20 years to repay your home loan with a benefit of paying less EMI per month.
    Do I get tax benefit on home loan from Deutsche Bank?
    As per Indian Income Tax Act of 1961, residents of India are eligible for tax benefits on principal amount and interest components of a home loan under the section 24 and section 80C of Income Tax Act.
    Can I foreclosure my home loan? What are the charges applicable?
    Yes, you can foreclose your home loan with Nil charges.
    Can I transfer my home loan from another bank to Deutsche Bank?
    Yes, Deutsche Bank gives you the facility to transfer your existing home loan with a hassle free process. Home loan balance transfer to Deutsche Bank offers you to pay lower EMIs and save money.
    Can I club the income of my spouse with mine and apply for joint home loan?
    You can club the income of your spouse to increase your loan eligibility if the spouse is co-owner of the property or guarantor of the loan.
    What is the benchmark applicable for home loan in Deutsche Bank?
    The benchmark applicable for home loan in Deutsche Bank is 1 Year MCLR.
    What is the effect of part payments on Deutsche Bank housing loan EMI ?
    Part payments help you in reducing the outstanding amount of loan which in turn will reduce the interest amount due. After making part payments, paying the same EMI will increase your involvement towards the principal amount which will help you in repaying the loan faster.
    How to increase my eligibility on Deutsche Bank housing loan?
    If your spouse or family member is earning well, you can make your spouse or family member the co-applicant for your loan. The combination of both of your income will help you in increasing your eligibility to get loan.
    How will interest rate on Deutsche Bank housing loan change in future?
    • Floating interest rate on Deutsche Bank housing loan is linked to its 1 Year MCLR Rate, which is currently at 9.10%. So, when Deutsche Bank offers a home loan at 9.45%, it applies a premium of 0.35% to its MCLR Rate to arrive at this home loan interest rate.
    • When RBI increases interest 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.

    Deutsche Bank Home Loan in India

    Deutsche Bank Home Loan Customer Care Number, Email, Application Status, Branches

    City Customer Care Number
    Agra 1860-266-6601, customer.care@db.com
    Ahmedabad 079-7101-5000, customer.care@db.com
    Ambala 1860-266-6601, customer.care@db.com
    Anand 1860-266-6601, customer.care@db.com
    Aurangabad 1860-266-6601, customer.care@db.com
    Bangalore 080-7193-5507, customer.care@db.com
    Bhilai 1860-266-6601, customer.care@db.com
    Bhilwara 1860-266-6601, customer.care@db.com
    Bhiwadi 1860-266-6601, customer.care@db.com
    Bhopal 1860-266-6601, customer.care@db.com
    Bhubaneswar Cuttack 1860-266-6601, customer.care@db.com
    Bikaner 1860-266-6601, customer.care@db.com
    Chandigarh 1860-266-6601, customer.care@db.com
    Chennai 044-7130-9696, customer.care@db.com
    Cochin 1860-266-6601, customer.care@db.com
    Coimbatore 1860-266-6601, customer.care@db.com
    Dehradun 1860-266-6601, customer.care@db.com
    Delhi 011-7110-9600, customer.care@db.com
    Durg 1860-266-6601, customer.care@db.com
    Faridabad 1860-266-6601, customer.care@db.com
    Gandhinagar 079-7101-5000, customer.care@db.com
    Ghaziabad 1860-266-6601, customer.care@db.com
    Goa 1860-266-6601, customer.care@db.com
    Greater Noida 011-7110-9600, customer.care@db.com
    Gurgaon 0124-713-8100, customer.care@db.com
    Guwahati 1860-266-6601, customer.care@db.com
    Gwalior 1860-266-6601, customer.care@db.com
    Hyderabad 1860-266-6601, customer.care@db.com
    Indore 1860-266-6601, customer.care@db.com
    Jabalpur 1860-266-6601, customer.care@db.com
    Jaipur 1860-266-6601, customer.care@db.com
    Jalandhar 1860-266-6601, customer.care@db.com
    Jodhpur 1860-266-6601, customer.care@db.com
    Kanpur 1860-266-6601, customer.care@db.com
    Karnal 1860-266-6601, customer.care@db.com
    Kolhapur 1860-266-6601, customer.care@db.com
    Kolkata 033-7100-9614, customer.care@db.com
    Kota 1860-266-6601, customer.care@db.com
    Kozhikode 1860-266-6601, customer.care@db.com
    Lucknow 1860-266-6601, customer.care@db.com
    Ludhiana 1860-266-6601, customer.care@db.com
    Madurai 1860-266-6601, customer.care@db.com
    Meerut 1860-266-6601, customer.care@db.com
    Mehsana 1860-266-6601, customer.care@db.com
    Mohali Sas Nagar 1860-266-6601, customer.care@db.com
    Mumbai 1860-266-6601, customer.care@db.com
    Mussoorie 1860-266-6601, customer.care@db.com
    Nagpur 1860-266-6601, customer.care@db.com
    Nashik 1860-266-6601, customer.care@db.com
    Noida 011-7110-9600, customer.care@db.com
    Noida Extn. 011-7110-9600, customer.care@db.com
    Panipat 1860-266-6601, customer.care@db.com
    Patna 1860-266-6601, customer.care@db.com
    Pondicherry 1860-266-6601, customer.care@db.com
    Pune 020-7124-9000, customer.care@db.com
    Raipur 1860-266-6601, customer.care@db.com
    Rajkot 1860-266-6601, customer.care@db.com
    Ranchi 1860-266-6601, customer.care@db.com
    Rohtak 1860-266-6601, customer.care@db.com
    Roorkee 1860-266-6601, customer.care@db.com
    Salem 044-7130-9696, customer.care@db.com
    Shimla 1860-266-6601, customer.care@db.com
    Sonepat 1860-266-6601, customer.care@db.com
    Surat 1860-266-6601, customer.care@db.com
    Trichy 1860-266-6601, customer.care@db.com
    Udaipur 1860-266-6601, customer.care@db.com
    Vadodara 1860-266-6601, customer.care@db.com
    Varanasi 1860-266-6601, customer.care@db.com
    Vijaywada 1860-266-6601, customer.care@db.com
    Vizag 1860-266-6601, customer.care@db.com
Deutsche Home Loan Interest Rate News - Dec 2016
30th Nov 16 Deutsche Bank reduces fixed deposit rates up to 75 basis points
Deutsche Bank has reduced its fixed deposit rates up to one year tenure by 25 to 75 basis points. The rate for 8 to 45 days fixed deposits has been reduced to 4.5 percent. Similarly, fixed deposit rates for 6 months and one year deposits now stands at 5.75 and 6 percent respectively. New rates are effective from 28th November, 2016.
08th Nov 16 Deutsche Bank cuts its MCLR by 25 basis points from 7th November, 2016
Deutsche Bank has reduced its one year marginal cost based lending rate (MCLR Base Rate) by 25 basis points to 8.90 percent. The minimum overnight lending rate is cut to 7.95 percent from 8.20 percent. One month and six month lending rates are reduced to 8.40 percent and 8.65 percent respectively. The revised lending rates are effective from 7th November, 2016.
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