20,00,000 people visited this section in last 30 days. Apply Online

Get Cashback of Upto ₹ 1,000* on Home Loan Apply Online

MyLoanCare Customer Ratings - 4.5/5.0 Apply Online

DCB Bank Home Loan Balance Transfer

Home Loan Transfer to DCB Bank

Last Updated 21st May 2021

Interest Rate10.24%
Processing Fee₹ 5,000
Lowest EMI per lakh₹ 981
Loan Tenure20 years
  • DCB Bank offers home loan balance transfer facility at low interest rates starting at 10.24% for a tenure of upto 20 years.
  • Transfer home loan to DCB Bank to reduce EMIs and save more on interest.
  • Avail 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 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.

Home Loan Rates 6.75%
Processing Fees Upto 2.00% Minimum ₹ 5,000
Prepayment Charges Nil for individuals for floating rates
Memorandum of Deposit of Title Deed 0.2%-0.5%

Process of DCB Bank Home Loan Transfer

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.

Eligibility for DCB Bank Home Loan Transfer

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

  • You must have an existing home loan with any bank except for DCB.
  • You must have obtained a NOC (No-Objection Certificate) for transferring your home loan to DCB Bank.
  • You must be an Indian resident and fulfil the age criteria of DCB Bank. The minimum & maximum age to avail a DCB Bank home loan is 21 and 60 Years respectively.
  • You must have paid more than 12 EMIs on your home loan.

Features Of DCB Bank Home Loan Transfer

Here are key features of DCB Bank Home Loan Transfer:

  • Lower Interest Rates: DCB Bank offers lower home loan rates starting at 6.75% 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 & fulfil the eligibility criteria of DCB Bank, you can also avail top-up loan above your existing home loan.
  • Extended Loan Tenure: With DCB Bank home loan balance transfer facility, you can also extend the repayment tenure depending on your loan amount & the negotiation with the DCB Bank.

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
  • Aadhar 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 10.24%.

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 place your request through net banking/mobile banking. DCB Bank also allows the home loan transfer facility through phone banking by calling home loan customer care.

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

Yes, DCB Bank charges home loan transfer fees such as ₹ 5,000 for DCB Bank home loan balance transfer. Apart from that, you would also have to pay prepayment/ foreclosure charges as per your existing bank.

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, DCB Bank home loan balance transfer 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.


Notification ×
  • Home Loan

    Home Loan at all-time low rates starting at 10.24%. Cashback of up to ₹ 1,000.

    Apply Now
  • Personal Loan

    Instant Personal Loan starting at 10.25% with Cashback of up to ₹ 1,000 .

    Check Offers
  • Gold Loan

    Instant Gold Loan starting at 9.50% with Cashback of up to ₹ 500

    Apply Now
  • Loan Against Property

    Best Loan Against Property Offers starting @ 12.72%. Cashback of up to ₹ 1,000*.

    Apply Now
  • Business Loan

    Collateral Free Business Loan Rates starting at 14.00% with Overdraft facility.

    Apply Now
  • Fixed Deposit

    AAA rated FDs with returns as high as 6.95%.

    Invest Now
DCB Home Loan News - Jun 2021
  • 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.
  • 2019-02-28 : DCB Bank launches open banking for gen-next banking solutions
    DCB Bank has announced the launch of its open banking platform. For this, the lender will collaborate with nearly 20 start-ups and fin-techs in order to provide better service to its customers. The newly launched platform aims to provide seamless and innovative banking services to meet the growing demand of the customers. The lender also has plans to achieve a significant growth across its retail loans portfolio including personal loans and business 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
Loader
Please wait while your information is being processed...