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Deutsche Home Loan Interest Rate Calculator - Jun 2017

Last Updated 13th Jun 2017

Deutsche Bank Home Loan Interest Rates

Interest Rate 9.45% - 9.45%
Check Best 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 @ 8.35%*

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.

  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in MCLR rate and should be chosen only if you believe that the rates will not hike in future.
  • 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 9.30%.

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 Rs. 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

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 9.30%. So, when Deutsche Bank offers a home loan at 9.45%, it applies a premium of 0.15% 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 Home Loan in India

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

City Customer Care Number
Agra 1860-266-6601, customer.care [at] db [dot] com
Ahmedabad 079-7101-5000, customer.care [at] db [dot] com
Ambala 1860-266-6601, customer.care [at] db [dot] com
Anand 1860-266-6601, customer.care [at] db [dot] com
Aurangabad 1860-266-6601, customer.care [at] db [dot] com
Bangalore 080-7193-5507, customer.care [at] db [dot] com
Bhilai 1860-266-6601, customer.care [at] db [dot] com
Bhilwara 1860-266-6601, customer.care [at] db [dot] com
Bhiwadi 1860-266-6601, customer.care [at] db [dot] com
Bhopal 1860-266-6601, customer.care [at] db [dot] com
Bhubaneswar Cuttack 1860-266-6601, customer.care [at] db [dot] com
Bikaner 1860-266-6601, customer.care [at] db [dot] com
Chandigarh 1860-266-6601, customer.care [at] db [dot] com
Chennai 044-7130-9696, customer.care [at] db [dot] com
Cochin 1860-266-6601, customer.care [at] db [dot] com
Coimbatore 1860-266-6601, customer.care [at] db [dot] com
Dehradun 1860-266-6601, customer.care [at] db [dot] com
Delhi 011-7110-9600, customer.care [at] db [dot] com
Durg 1860-266-6601, customer.care [at] db [dot] com
Faridabad 1860-266-6601, customer.care [at] db [dot] com
Gandhinagar 079-7101-5000, customer.care [at] db [dot] com
Ghaziabad 1860-266-6601, customer.care [at] db [dot] com
Goa 1860-266-6601, customer.care [at] db [dot] com
Greater Noida 011-7110-9600, customer.care [at] db [dot] com
Gurgaon 0124-713-8100, customer.care [at] db [dot] com
Guwahati 1860-266-6601, customer.care [at] db [dot] com
Gwalior 1860-266-6601, customer.care [at] db [dot] com
Hyderabad 1860-266-6601, customer.care [at] db [dot] com
Indore 1860-266-6601, customer.care [at] db [dot] com
Jabalpur 1860-266-6601, customer.care [at] db [dot] com
Jaipur 1860-266-6601, customer.care [at] db [dot] com
Jalandhar 1860-266-6601, customer.care [at] db [dot] com
Jodhpur 1860-266-6601, customer.care [at] db [dot] com
Kanpur 1860-266-6601, customer.care [at] db [dot] com
Karnal 1860-266-6601, customer.care [at] db [dot] com
Kolhapur 1860-266-6601, customer.care [at] db [dot] com
Kolkata 033-7100-9614, customer.care [at] db [dot] com
Kota 1860-266-6601, customer.care [at] db [dot] com
Kozhikode 1860-266-6601, customer.care [at] db [dot] com
Lucknow 1860-266-6601, customer.care [at] db [dot] com
Ludhiana 1860-266-6601, customer.care [at] db [dot] com
Madurai 1860-266-6601, customer.care [at] db [dot] com
Meerut 1860-266-6601, customer.care [at] db [dot] com
Mehsana 1860-266-6601, customer.care [at] db [dot] com
Mohali Sas Nagar 1860-266-6601, customer.care [at] db [dot] com
Mumbai 1860-266-6601, customer.care [at] db [dot] com
Mussoorie 1860-266-6601, customer.care [at] db [dot] com
Nagpur 1860-266-6601, customer.care [at] db [dot] com
Nashik 1860-266-6601, customer.care [at] db [dot] com
Noida 011-7110-9600, customer.care [at] db [dot] com
Noida Extn 011-7110-9600, customer.care [at] db [dot] com
Panipat 1860-266-6601, customer.care [at] db [dot] com
Patna 1860-266-6601, customer.care [at] db [dot] com
Pondicherry 1860-266-6601, customer.care [at] db [dot] com
Pune 020-7124-9000, customer.care [at] db [dot] com
Raipur 1860-266-6601, customer.care [at] db [dot] com
Rajkot 1860-266-6601, customer.care [at] db [dot] com
Ranchi 1860-266-6601, customer.care [at] db [dot] com
Rohtak 1860-266-6601, customer.care [at] db [dot] com
Roorkee 1860-266-6601, customer.care [at] db [dot] com
Salem 044-7130-9696, customer.care [at] db [dot] com
Shimla 1860-266-6601, customer.care [at] db [dot] com
Sonepat 1860-266-6601, customer.care [at] db [dot] com
Surat 1860-266-6601, customer.care [at] db [dot] com
Trichy 1860-266-6601, customer.care [at] db [dot] com
Udaipur 1860-266-6601, customer.care [at] db [dot] com
Vadodara 1860-266-6601, customer.care [at] db [dot] com
Varanasi 1860-266-6601, customer.care [at] db [dot] com
Vijaywada 1860-266-6601, customer.care [at] db [dot] com
Vizag 1860-266-6601, customer.care [at] db [dot] com
Deutsche Bank Home Loan Interest Rate
Lowest EMI
Home Loan Eligibility
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.