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DCB Home Loan Balance Transfer

Home Loan Transfer to DCB Bank: Details

Last Updated 02nd Nov 2021

Interest Rate8.25%
Processing Fee₹ 5,000
Lowest EMI per lakh₹ 852
Loan Tenure20 years
  • DCB Bank offers a home loan balance transfer facility at low interest rates starting at 8.25% for a tenure of upto 20 years.
  • You can transfer your home loan to DCB Bank to reduce EMIs and save more on interest.
  • Avail home loan top up from DCB Bank at the time of loan balance transfer to fulfil additional fund requirements.
Calculate Savings, Check Best Offers Get upto ₹ 1,000* Cashback

DCB Home Loan Transfer

DCB, the largest Private Bank in India, offers the facility to transfer your home loans from the existing scheduled commercial, private and foreign banks and housing finance companies to DCB Bank at the lowest interest rates. To transfer your housing loan to DCB Bank, you must have regularly paid the EMIs for a minimum tenure of 6-12 months and fulfil other eligibility criteria of DCB.

DCB Bank Home Loan Balance Transfer Charges

Before you decide to transfer your home loan to DCB Bank, compare and calculate all the costs of loan transfer. The table below mentions DCB Bank home loan transfer interest rate and other home loan transfer charges of DCB Bank.

DCB Home Loan Transfer Rates 8.25%
Processing Fees Upto 2.00% Minimum ₹ 5,000
Prepayment Charges Nil for individuals in case of floating home loan rates
Memorandum of Deposit of Title Deed 0.2%-0.5%

Features of DCB Bank Home Loan Transfer

Here are key features of the balance transfer scheme:

  • Lower Interest Rates: DCB Bank offers lower home loan rates starting at 8.25% along with ₹ 5,000 processing on home loans. Thus, you can save on your home loan by transferring your loan to DCB Bank.
  • Top-up Loans: If you have a good CIBIL score and fulfil the eligibility criteria of DCB Bank, you can also avail top-up loan above your existing home loan.
  • Extended Loan Tenure: With this DCB Bank home loan balance transfer facility, you can also extend the repayment tenure depending on your loan amount.

Eligibility for DCB Bank Home Loan Transfer

To transfer your home loan to DCB Bank, you must fulfil the following eligibility criteria:

  • First, you must have an existing home loan with any bank except for DCB.
  • Second, you must have obtained a NOC (No-Objection Certificate) for transferring your home loan to DCB Bank.
  • You must be an Indian resident within the age criteria of DCB Bank. The minimum & maximum age to avail a DCB Bank home loan takeover is 21 and 60 Years respectively.
  • You must have paid more than 12 EMIs on your home loan.
    • Use DCB Bank home loan balance transfer calculator to estimate the best balance transfer offers and costs associated with it.

Process to Transfer Your Existing Home Loan to DCB Bank

The home loan balance transfer process to DCB Bank is smooth and quick. To transfer your existing home loan to DCB Bank, you need to follow the steps as mentioned below:

  • Submit the request to transfer your home loan to your existing bank by addressing a loan transfer letter. To place a request, you would also need to ask about the transfer of title deeds and other securities to DCB Bank upon receipt of the loan amount.
  • On the review of your application, your bank will issue a No Objection Certificate (NOC).
  • Submit the NOC to DCB Bank and request them to transfer your loan and pay off your outstanding amount to the existing bank.
  • DCB Bank will then validate the NOC, sanction your loan and pay off your dues to the existing bank.
  • Your existing bank will issue a confirmation letter stating the equitable mortgage over the property.
  • Your existing bank will close your loan account and cancel all cheques or standing instructions related to your loan.
  • Finally, your home loan transfer to DCB Bank will be completed.

Document Required for DCB Home Loan Transfer

To avail of home loan balance transfer from DCB, you need to submit the following documents to DCB.

Documents Required Accepted Valid Documents
Application Form with Photo Application Form of Primary Borrower and Co-borrower(s)
Identity Proof
  • Valid Passport
  • Aadhaar Card
  • Driving License
  • Photo Identity card issued by Govt. body
  • Letter from a recognized public authority
Residential Proof
  • Valid Passport
  • Voter Card
  • Latest Utility bill
  • Rent agreement on stamp Paper
  • Life Insurance Policy
  • Residence address Certificate by an employer on company letterhead
Age Proof
  • Primary Borrower
  • Co-borrower(s)
Income Proof
  • Last 3 years’ Form 16
  • Last 6 months salary slip
  • Last 6 months’ bank account statement showing salary credit
Other Documents
  • Loan statement
  • List of property documents (LOD) in possession of the existing lender.
  • Last 12 months' statement of the bank account from which loan EMI is paid

FAQs

Is it good to transfer a home loan to DCB?

Yes, transferring your home loan to DCB Bank is a good idea for home loan borrowers as DCB Bank provides lower home loan rates starting at 8.25%, and minimal processing fee Of ₹ 5,000.

How can I transfer my DCB home loan from one branch to another?

To transfer your DCB Bank home loan from one branch to another, you can request through net banking/mobile banking. DCB Bank also allows the home loan transfer facility through phone banking by calling the home loan customer care.

Are there any charges while applying for DCB home loan balance transfer?

Yes, DCB Bank charges home loan transfer fees. Apart from that, you would also have to pay prepayment/ foreclosure charges as per your existing bank. As the amount will be transferred to a new bank, the processing fee will also be levied accordingly.

What are the benefits of taking a DCB home loan balance transfer?

If you apply for a home loan transfer to DCB Bank, you can clear off your existing home loan at lower rates and save more on interest. Besides that, it can also help you avail top-up on your existing home loan.

How can I check the status of my DCB Bank home loan balance transfer?

To know your DCB Bank home loan status, you can call DCB Bank home loan customer care number or visit DCB official website to check the status.


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DCB Home Loan News - Dec 2021
  • 2021-09-14 : DCB Bank Revises MCLR Rate
    DCB Bank has revised the Marginal Cost of Funds Lending Rate (MCLR) for different tenures. Now, the one-year and six-month MCLR are 9.02%. Three-months MCLR is at 8.77%, one month and overnight MCLR is 8.07%.
  • 2021-01-27 : DCB Bank reported Q3 profit at ₹96.21 crore
    DCB Bank posted a net profit of ₹96.21 crore for the third quarter ended December 2020. Further, it reported a total income of ₹1,023.86 crore backed by home, personal, car, two wheeler and gold loan along with business and mudra loans.
  • 2020-08-07 : DCB Bank Ltd posted Rs. 79.38 crore PAT in Q1FY21
    DCB Bank posted a net profit of Rs.79.38 crores for the period ended June 30, 2020, as against a net profit of Rs.68.76 crores for the period ended March 31, 2020. In addition to this, the Bank reported a total income of Rs.950.70 crores backed by retail loans like home, personal, gold, two-wheeler, and car loans along with business and mudra loans during the period ended June 30, 2020.
  • 2020-01-28 : DCB Bank Q3 profit increased by 12.3%
    Private sector lender DCB Bank profit for Q3 hiked by 12.3% to Rs. 96.70 crores. The Bank total income rose by 13.66% to Rs. 990 crores boosted by Home Loans and Personal Loans. Further, Net Interest Income increased by 9.86% to Rs. 323 crores.
  • 2019-05-08 : DCB Bank expects to double balance sheet in the next four years
    Private sector lender, DCB Bank expects to double the size of its balance sheet in the next three-four years. The banks would be focusing more on growing its SME, agri, retail, commercial vehicles and small-ticket loans in which their current growth is nearly 16%. As of now, their balance sheet stands at Rs. 35,792 crores.
*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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