DCB Home Loan Interest Rate Calculator - Dec 2016

Development Credit Bank Home Loan Interest Rates

Last Updated 11th 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 CRR at 4%. 100% CRR on fresh deposits withdrawn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 10.70% - 11.35%
Check Special Offers
Lowest EMI Rs. 1,012 per lakh
Max Tenure 20 years
Processing Fee Upto 2.00%
Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans
Age Min 21 and Max 60 years for Salaried
Min 21 and Max 65 years for Self Employed
Apply Home Loan Online
 Salaried   Self Employed - Professional   Self Employed - Business 





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Development Credit Bank Home Loan

Development Credit 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 DCB

Home loan interest rates offered by Development Credit 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.
Development Credit Bank offers home loan based on 1 Year MCLR rates which is currently 10.48%.
Development Credit Bank home loan interest rate depends upon
  • Loan amount: Home loan rate in Development Credit Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • Company where you work: Development Credit 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. Development Credit 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. Development Credit Bank allows prepayment of home loan with Nil prepayment charges
  • Processing Fee - Development Credit Bank asks for a processing fee of 2.00% of loan amount with applicable service tax

DCB Home Loan EMI Calculator

    Home Loan EMI of Development Credit 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 Development Credit 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 Development Credit Bank Home Loan EMI?
  • EMI calculator of Development Credit Bank helps you to calculate your monthly EMI at different rate of interest
  • Development Credit 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

DCB Home Loan Eligibility Calculator

Home Loan eligibility criteria Development Credit Bank
Eligibility of House loan in Development Credit 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. Development Credit Bank offers Home loan to salaried at the age of 21 to 60 years and self employed individuals at 21 to 65 years
  • Income: In case of salaried person, Development Credit Bank Loan eligibility significantly depends upon the income. Usually bank set minimum levels of income to apply for house loan. 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 Development Credit Bank. 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 Development Credit Bank eligibility. If you are working with a reputed company, probability of getting home loan from Development Credit 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: Development Credit Bank gives you Home loan depending upon your income. Development Credit 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.

    Development Credit Bank Floating Rate Home Loans

    Development Credit Bank Home Loan Floating
    Upto Rs. 2,500,000 - 10.70%
    Rs. 2,500,001 - 7,500,000 - 10.70%
    Rs. 7,500,001 - 10,000,000 - 10.70%
    Above Rs. 10,000,000 - 10.70% linked to 1 Year MCLR

    Development Credit Bank Home Loan Top up, Transfer

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

    Housing Loan DCB documents required

    Home Loan for Salaried employee Development Credit 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 Development Credit 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 Development Credit Bank?
    Development Credit Bank offers home loan at lower rate of interest i.e. at 10.70% with the lowest EMI of Rs. 1,012 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your home loan to Development Credit Bank.
    What is the maximum loan tenure I can opt under Development Credit Bank house loan?
    Development Credit 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 Development Credit 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 Development Credit Bank?
    Yes, Development Credit Bank gives you the facility to transfer your existing home loan with a hassle free process. Home loan balance transfer to Development Credit 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 Development Credit Bank?
    The benchmark applicable for home loan in Development Credit Bank is 1 Year MCLR.
    What is the effect of part payments on Development Credit 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 Development Credit 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 Development Credit Bank housing loan change in future?
    • Floating interest rate on Development Credit Bank housing loan is linked to its 1 Year MCLR Rate, which is currently at 10.48%. So, when Development Credit Bank offers a home loan at 10.70%, it applies a premium of 0.22% 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.

    Development Credit Bank Home Loan in India

    Development Credit Bank Home Loan Customer Care Number, Email, Application Status, Branches

    City Customer Care Number
    Agra 1800-209-5363, customercare@dcbbank.com
    Ahmedabad 1800-209-5363, customercare@dcbbank.com
    Ambala 1800-209-5363, customercare@dcbbank.com
    Anand 1800-209-5363, customercare@dcbbank.com
    Aurangabad 1800-209-5363, customercare@dcbbank.com
    Bangalore 1800-209-5363, customercare@dcbbank.com
    Bhilai 1800-209-5363, customercare@dcbbank.com
    Bhilwara 1800-209-5363, customercare@dcbbank.com
    Bhiwadi 1800-209-5363, customercare@dcbbank.com
    Bhopal 1800-209-5363, customercare@dcbbank.com
    Bhubaneswar Cuttack 1800-209-5363, customercare@dcbbank.com
    Bikaner 1800-209-5363, customercare@dcbbank.com
    Chandigarh 1800-209-5363, customercare@dcbbank.com
    Chennai 1800-209-5363, customercare@dcbbank.com
    Cochin 1800-209-5363, customercare@dcbbank.com
    Coimbatore 1800-209-5363, customercare@dcbbank.com
    Dehradun 1800-209-5363, customercare@dcbbank.com
    Delhi 1800-209-5363, customercare@dcbbank.com
    Durg 1800-209-5363, customercare@dcbbank.com
    Faridabad 1800-209-5363, customercare@dcbbank.com
    Gandhinagar 1800-209-5363, customercare@dcbbank.com
    Ghaziabad 1800-209-5363, customercare@dcbbank.com
    Goa 1800-209-5363, customercare@dcbbank.com
    Greater Noida 1800-209-5363, customercare@dcbbank.com
    Gurgaon 1800-209-5363, customercare@dcbbank.com
    Guwahati 1800-209-5363, customercare@dcbbank.com
    Gwalior 1800-209-5363, customercare@dcbbank.com
    Hyderabad 1800-209-5363, customercare@dcbbank.com
    Indore 1800-209-5363, customercare@dcbbank.com
    Jabalpur 1800-209-5363, customercare@dcbbank.com
    Jaipur 1800-209-5363, customercare@dcbbank.com
    Jalandhar 1800-209-5363, customercare@dcbbank.com
    Jodhpur 1800-209-5363, customercare@dcbbank.com
    Kanpur 1800-209-5363, customercare@dcbbank.com
    Karnal 1800-209-5363, customercare@dcbbank.com
    Kolhapur 1800-209-5363, customercare@dcbbank.com
    Kolkata 1800-209-5363, customercare@dcbbank.com
    Kota 1800-209-5363, customercare@dcbbank.com
    Kozhikode 1800-209-5363, customercare@dcbbank.com
    Lucknow 1800-209-5363, customercare@dcbbank.com
    Ludhiana 1800-209-5363, customercare@dcbbank.com
    Madurai 1800-209-5363, customercare@dcbbank.com
    Meerut 1800-209-5363, customercare@dcbbank.com
    Mehsana 1800-209-5363, customercare@dcbbank.com
    Mohali Sas Nagar 1800-209-5363, customercare@dcbbank.com
    Mumbai 1800-209-5363, customercare@dcbbank.com
    Mussoorie 1800-209-5363, customercare@dcbbank.com
    Nagpur 1800-209-5363, customercare@dcbbank.com
    Nashik 1800-209-5363, customercare@dcbbank.com
    Noida 1800-209-5363, customercare@dcbbank.com
    Noida Extn. 1800-209-5363, customercare@dcbbank.com
    Panipat 1800-209-5363, customercare@dcbbank.com
    Patna 1800-209-5363, customercare@dcbbank.com
    Pondicherry 1800-209-5363, customercare@dcbbank.com
    Pune 1800-209-5363, customercare@dcbbank.com
    Raipur 1800-209-5363, customercare@dcbbank.com
    Rajkot 1800-209-5363, customercare@dcbbank.com
    Ranchi 1800-209-5363, customercare@dcbbank.com
    Rohtak 1800-209-5363, customercare@dcbbank.com
    Roorkee 1800-209-5363, customercare@dcbbank.com
    Salem 1800-209-5363, customercare@dcbbank.com
    Shimla 1800-209-5363, customercare@dcbbank.com
    Sonepat 1800-209-5363, customercare@dcbbank.com
    Surat 1800-209-5363, customercare@dcbbank.com
    Trichy 1800-209-5363, customercare@dcbbank.com
    Udaipur 1800-209-5363, customercare@dcbbank.com
    Vadodara 1800-209-5363, customercare@dcbbank.com
    Varanasi 1800-209-5363, customercare@dcbbank.com
    Vijaywada 1800-209-5363, customercare@dcbbank.com
    Vizag 1800-209-5363, customercare@dcbbank.com
DCB Home Loan Interest Rate News - Dec 2016
15th Apr 16 DCB Bank Q4FY16 standalone net profit rises 10.47%
DCB Bank reported standalone net profit of Rs 69.53 crore for the quarter ended March 31, 2016, registering growth of 10.47%. Net Interest Income for the quarter stood at Rs 168.69 crore, clocking growth of 30.09%. GNPA for the quarter stood at 1.51% down 25 bps. For the year ended March 31, 2016, the bank reported net profit of Rs. 194.53 crore.
09th Mar 16 Thomas Cook India starts trade finance services
Travel company Thomas Cook India has teamed up with Western Union Business Solutions and Indian DCB Bank to help the country SMEs perform cross border trade payments. Thomas Cook will reach out to its SME client base and the larger SME market to refer their trade transactions to DCB Bank through the Western Union platform. The idea is to leverage Western Union payment technology and DCB Bank trade finance expertise to improve relationship management and automate payment confirmation, ultimately enhancing procurement for SMEs.
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