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Dhan Laxmi Home Loan Interest Rates 2022

Dhan Laxmi Bank Housing Loan Interest Rate -Today

Last Updated 11th Jan 2022

Loan AmountDhan Laxmi Bank Repo Rate Home Loan Rate
Upto ₹ 25 Lakh7.85%
₹ 25 Lakh - ₹ 75 Lakh7.85%
₹ 75 Lakh - ₹ 1 Cr7.85%
Above ₹ 1 Cr7.85%
Apply for Home Loan @ 6.50%* Get upto ₹ 1,000* Cashback

Dhan Laxmi Bank Home Loan Rate

Dhan Laxmi Bank offers home loans to both salaried individuals and self-employed at a minimum rate starting at 7.85% up to 9.00%. Apart from the interest rate, the bank also has various other charges such as Dhan Laxmi Bank processing fee - that is charged over and above the loan amount, is non-refundable and has to be paid at the time of loan application and foreclosure and prepayment fee for closing or prepaying the loan before the loan tenure ends.

Dhan Laxmi Bank Home Loan Processing Fee and Other Charges

Dhan Laxmi Bank home loan processing charges are upto 1.00% of the loan amount from its home loan customers to cover its expenses of conducting credit appraisal and technical evaluation of property. Dhan Laxmi Bank charges a minimum processing of ₹ 10,000 on home loan which is typically non-refundable and has to be paid at the time of loan application. 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 1.00% of the loan amount; minimum processing fee of ₹ 10,000
Part Prepayment Charges Allowed
Foreclosure Charges Nil for floating rate home loans

Interest rates on Dhan Laxmi Home Loans Schemes

Dhan Laxmi Bank offers a housing loan interest rate at 7.85%. 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, Dhan Laxmi 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 Dhan Laxmi Bank home loan rates for multiple housing schemes.

Dhan Laxmi Bank Home Loan Scheme Interest Rates
Dhan Laxmi Bank Repo Rate Home Loan7.85% - 9.00%

Dhan Laxmi Home Loan Interest Rate for Salaried and Self-Employed

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

Home Loan Interest Rate for Salaried

Loan Amount Rate
Upto ₹ 25 Lakh 7.85%
₹ 25 Lakh - ₹ 75 Lakh 7.85%
₹ 75 Lakh - 1 Cr 7.85%
Above ₹ 1 Cr 7.85%

Home Loan Interest Rate for Self-Employed

Loan Amount Rate
Upto ₹ 25 Lakh 7.85%
₹ 25 Lakh - ₹ 75 Lakh 7.85%
₹ 75 Lakh - 1 Cr 7.85%
Above ₹ 1 Cr 7.85%

Dhan Laxmi Bank Home Loan Interest Rate For Women & Govt Employee

Loan Amount Dhan Laxmi Home Loan Rate For Women Dhan Laxmi Home Loan Rate For Govt Employee
Upto ₹ 25 Lakh 7.85% 7.85%
₹ 25 Lakh - ₹ 75 Lakh 7.85% 7.85%
₹ 75 Lakh - 1 Cr 7.85% 7.85%
Above ₹ 1 Cr 7.85% 7.85%

Dhan Laxmi Home Loan Balance Transfer Interest Rates

Dhan Laxmi Bank home loan balance transfer facility is ideal for existing home loan customers, who are paying high interest to their existing lender. Through this facility, you can transfer your existing home loan to Dhan Laxmi Bank at a lower rate of interest, without closing the account. However, you do need to check the foreclosure charges that you have to pay to your existing lender if it is a fixed rate loan. Currently, Dhan Laxmi Bank offers the loan balance transfer rate of 6.50%.

Illustration on Home Loan Interest Rate Dhan Laxmi Bank
Maximum Annual Percentage Rate (APR) 7.9% to 9.05%
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
  • Dhan Laxmi Bank Home Loan Interest Rate: 7.85% to 9.00%
  • Processing Fee payable to: Upto ₹ 1,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 827 for 20 Years ₹ 1,00,000 loan at 7.85% (lowest rate, longest time period) to ₹ 2,076 for 5 Years ₹ 1,00,000 loan at 9.00% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 7.9% to 9.05%
  • Total cost payable over loan tenure: ₹ 1,22,228 for 5 Years loan to ₹ 1,99,511 for 20 Years loan

FAQs

Has Dhan Laxmi reduced home loan rates?

As per the current rates, Dhan Laxmi has hiked its home loan rates by 0.45% from 7.40% to 7.85%, which is one of the best rates in the market. The new rates are effective from 01 Apr, 2021.

Why should I opt for balance transfer to Dhan Laxmi Bank?

Dhan Laxmi Bank offers lowest Home Loan EMI of ₹ 827 per lakh availed at the lowest interest rate 7.85% for a maximum tenure of 20 years. If you are paying an EMI more than ₹ 827 per lakh, you should consider the option for a loan transfer to Dhan Laxmi from your existing bank. Current Dhan Laxmi balance transfer rate is 6.50%.

Can Dhan Laxmi 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 Dhan Laxmi to lower the home loan rates. Apart from the home loan rates, you can also negotiate over the processing fee.

Can Dhan Laxmi revise the home loan interest rates for their existing customers?

Yes, Dhan Laxmi offers concessional rates to the existing customers, and you can negotiate with the bank to offer you the revised home loans at a floating rate of interest. The floating interest rates on home loans vary as per the change in market trends or in external benchmark rates such as the repo rate.

Does Dhan Laxmi offer a concessional home loan interest rate for women?

Yes, Dhan Laxmi offers special home loan interest rates for women. As against Dhan Laxmi home loan rates for male which is 7.85%, the home loan interest rate for women starts at %.

What is the Dhan Laxmi home loan rate of ₹ 25 Lakh for 15 years?

For home loan upto ₹ 25 Lakh, Dhan Laxmi provides home loan interest rate starting at 7.85%. However, you can get the lowest rates if you have a good relationship with the bank, work with top corporations, have a good CIBIL score and have stable income sources.

At what interest rate does an Dhan Laxmi employee get a home loan?

Dhan Laxmi offers concessional home loan rates of about 1% than the current home loan rates to Dhan Laxmi employees.

Is Dhan Laxmi Bank home loan a floating rate loan or fixed-rate loan?

Dhan Laxmi home loan is offered 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 Dhan Laxmi home loan rate today ?

Dhan Laxmi home loan rate today is in the range of 7.85% to 9.00%.The bank also charges a processing fee of upto Upto 1.00%, Minimum ₹ 10,000 of the home loan amount.

How much interest does Dhan Laxmi take on home loans?

The rate of interest on Dhan Laxmi home loans varies based on your eligibility, such as CIBIL score, age, repayment capacity, income etc. However, Dhan Laxmi home loan current interest rate 2021 are in the range of 7.85% to 9.00%.


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Dhan Laxmi Home Loan News - Jan 2022
  • 2021-06-01 : Dhanlaxmi Bank posts ₹5.28 crore net profit in Q4
    Dhanlaxmi Bank reported a net profit of Rs 5.28 crore in the fourth quarter of FY2020-21, boosted by retail loans home, LAP, personal, two-wheeler, car education and doctor loan along with business and mudra loan. The bank had posted a net profit of Rs 2.60 crore in the year-ago same quarter.
  • 2020-08-03 : Dhanlaxmi Bank Ltd Q1FY21 net profit at Rs. 6.09 crore
    Dhan Laxmi posted a net profit of Rs.6.09 crores for the period ended June 30, 2020, as against a net profit of Rs.2.60 crores for the period ended March 31, 2020. In addition to this, The bank reported a total income bolstered by retail loans home, personal, car, two-wheeler and gold loans along with business and mudra loans of Rs.278.62 crores during the period ended June 30, 2020. Bank provisioning for bad loans and contingencies spiked to Rs 37.02 crore during the reported quarter of FY21 as against Rs 9.27 crore a year ago.
  • 2020-01-08 : Dhanlaxmi Bank revised interest rates on retail loans
    Dhanlaxmi Bank revised its home loan interest rate by 25 bps, which begins from 9.55%. It also changed the interest rate on personal loans, which lies between 12.90% to 16.10%. The rates are revised to lure home loan and personal loan buyers.
  • 2019-06-04 : Dhanlaxmi Bank revises MCLR rates across loan tenure
    Dhanlaxmi Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenure for June. The move is supposed to make retail loans like housing loans and mortgage loans cheaper. Now for overnight and one month, the rate stands at 8.60%. For 3 months, the rate has been revised to 8.90%. While for 1 year the rate now stands at 9.90%. The revised rates are effective from June 1, 2019.
  • 2019-05-09 : Dhanlaxmi Bank reports a profit of Rs. 27.6 crores in Q4 of FY19
    Private sector lender, Dhanlaxmi Bank has reported strong growth of Rs. 27.6 crores in its net profit for the Q4 of FY19. The profit is boosted by strong growth across its retail loans segment including home loans and mortgage loans and SME loans.
*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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