DCB Loan Against Property Interest Rate Calculator - Oct 2016

Get upto Rs 5,000/- Cashback*
Terms & Conditions Apply*
Apply Online

Development Credit Bank Loan Against Property Interest Rates

Last Updated 25th Oct 16

Development Credit Bank Loan Against Property Interest Rate 13.25%
Check Special Offers
Lowest EMI Rs. 1,282 per lakh
Max Tenure 15 years
Processing Fee Upto 1.00%
Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans to individuals
Age Min 21 and Max 60 years for Salaried
Min 21 and Max 65 years for Self Employed
Apply Loan Against Property Online
 Salaried   Self Employed - Professional   Self Employed - Business 

I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry

Development Credit Bank Loan Against Property

Development Credit Bank offers Loan Against Property to the customers if they need to expand their business or want money for personal use. The loan is given upto 70% of the market’s value for tenure of 18 years.

Loan Against Property DCB

Development Credit Bank Loan Against Property interest rate is the rate which you pay over the loan amount that you have borrowed from the bank. Loan Against Property interest rates offered by Development Credit Bank depends upon MCLR
  • Floating rates changes with a single change in Development Credit Bank 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 Property Loan based on 1 Year MCLR which is currently 10.48%
Development Credit Bank mortgage loan interest rate depends upon
  • Development Credit Bank Loan Against Property amount: Development Credit Bank mortgage loan rate 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 Loan Against Property. 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

Development Credit Bank Loan Against Property Charges

Development Credit Bank Loan Against Property 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 loan against property with 2% of outstanding balance prepayment charges
Processing Fee - Development Credit Bank asks for a processing fee of 1.00% of loan amount with applicable service tax

DCB Loan Against Property EMI Calculator

Loan Against Property EMI of Development Credit Bank is a fixed amount that you pay each month towards the repayment of your Loan till the end of tenure
  • Development Credit Bank Property Loan EMI calculator helps you to calculate your monthly EMI at different rate of interest and also check lowest EMI per lakh on Loan Against Property
  • 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 DCB Loan Against Property EMI?
  • Development Credit Bank Property Loan EMI calculator helps you to calculate your monthly EMI at different rate of interest
  • Development Credit Bank EMI calculator for Loan Against Property 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 Loan Against Property Eligibility Calculator

Loan Against Property eligibility criteria Development Credit Bank
Eligibility of Loan Against Property 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: Development Credit Bank offers loan against property for a maximum tenure of 18 years if the borrower’s age does not exceed above 60 years for salaried and 65 years if you are self employed. Apply for loan at smaller age, higher will be the chances of loan approval
  • Value of the property: Development Credit Bank decides your loan amount based on the market value of the property which you place as your collateral for the loan. Development Credit Bank lends less than the market value of the property. As per RBI guidelines, the borrower also has to show some contribution. Ratio of loan amount to value of home is called Loan to Value (LTV) ratio. Development Credit Bank gives maximum LTV of 70% for property loans depending upon market value of the property
  • Repayment capacity of the borrower: Your eligibility to take loan against property depends upon the maximum EMI that you can pay. Development Credit Bank checks your past CIBIL history, repayment record of credit cards and existing loans that can impact your loan against property eligibility. If you have any other loan running whose EMI you are paying currently, then you are supposed to close your loan to get higher loan against property eligibility. Development Credit Bank does not specify any particular CIBIL score for being eligible for a property loan. However, it is observed that a score of 700 and above is desirable
    To reduce your burden of higher EMIs, Development Credit Bank gives you a maximum tenure of 18 years for a maximum loan amount of Rs.100,000,000 with a minimum spread of 2.77% over 1 Year MCLR. Opt for a loan tenure that suits you and higher the loan tenure, higher will be loan amount eligibility
  • Income: Loan against property are mostly taken by the people who are self employed in order to expand their business. However, in order to increase the loan amount you may club the income of family members like your spouse, parents, children and siblings
    Business person should be in business from the past 0 years and minimum ITR of last 2years is required as proof to Development Credit Bank

Development Credit Bank Floating Rate Home Loans

Development Credit Bank Loan Against Property Floating
Upto Rs. 2,500,000 - 13.25%
Rs. 2,500,001 - 7,500,000 - 13.25%
Rs. 7,500,001 - 30,000,000 - 13.25%
Above Rs. 30,000,000 - 13.25% linked to 1 Year MCLR

Development Credit Bank Loan Against Property Top up, Transfer

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

Loan Against Property DCB documents required

Loan Against Property 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

Loan Against Property 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

Property documents for Loan Against Property from Development Credit Bank

  • Registered Sale Deed/ Conveyance/ Lease Deed
  • Past Sale Deeds Chain (each transaction in respect of this property since first allotment
  • Latest House Tax Return/ Receipt
  • Approved Building Plan from Municipal Corporation
Past trends of MCLR of Development Credit Bank
04th Oct 16: 0.25% repo cut by RBI
04th May 16 10.64% decreased by 0.06%
05th Apr 16: 0.25% repo cut by RBI
14th Dec 15 10.70% decreased by 0.15%
29th Sep 15: 0.5% repo cut by RBI
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
01st Sep 13 10.85% increased by 0.35%
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
29th Jan 13: 0.25% repo cut by RBI
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
16th Sep 11: 0.25% repo hike by RBI
01st Aug 11 10.50% increased by 0.5%
26th Jul 11: 0.5% repo hike by RBI
16th Jun 11: 0.25% repo hike by RBI
01st Jun 11 10.00% increased by 0.5%
07th May 11 9.50% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
17th Mar 11: 0.25% repo hike by RBI
05th Feb 11 9.00% increased by 0.5%
25th Jan 11: 0.25% repo hike by RBI
11th Dec 10 8.50% increased by 0.25%
02nd Nov 10: 0.25% repo hike by RBI
05th Oct 10 8.25% increased by 0.5%
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 7.75%

DCB MCLR Vs. RBI Repo Rate Trend

Frequently Asked Questions – DCB Loan Against Property

What are the five things to check before applying for loan against property in DCB ?

  • Property on which you intend to take loan is not a vacant land, has an approved map plan and is in municipal area. You must attach the entire chain of title documents of the property and its approved building plan with the loan application.
  • Your existing EMI’s on all loans and credit cards (from Development Credit Bank and other banks) are no more than 60 - 70% of your net monthly income
  • You have not defaulted on loans or credit card dues to Development Credit Bank and other banks and all EMI's have been paid. Note that Development Credit Bank can see record of your EMI defaults to all banks and NBFC’s in India and not just to Development Credit Bank in your CIBIL report. Estimate your CIBIL score for free by using CIBIL score estimate calculator
  • If you are salaried, ensure that you attach your recent salary slips, bank statements and last 3 years' Form 16 with the loan applicantion
  • If you are self employed in your own business or practice, your business must have been in existence for at least three years and last three income tax returns with audited financials must be available

Will DCB loan against property interest rate remain fixed or will it change in future?

  • Floating interest rate on Development Credit Bank property loan is linked to its MCLR, which is currently 10.48%. So, when Development Credit Bank offers a loan against property at 13.25%, it applies a 2.77% premium to its MCLR to arrive at this rate
  • When market interest rates go up, the bank increases its base rate and the applicable rate for all existing loans goes up. When interest rates trend downwards, the bank has to reduce the base rate as it is not allowed to lend below the base rate. Thus, any benefit of lower rates will have to be passed to both old borrowers and new borrowers
  • Base rate benchmarked loans provide a better and more transparent interest rate transmission for the borrower compare to PLR benchmarked loans
  • Current MCLR of Development Credit Bank, its past trend and comparison with RBI repo rate are given here for your reference

Are prepayment or foreclosure charges applicable on DCB loan against property?

    You can prepay loan against property (LAP) without any penalty or charges in case:
  • Your loan is at a floating rate of interest and not at a fixed rate. Almost all loans against property are at floating rates and it is unlikely that yours is at a fixed rate of interest
  • The loan is in the name of one or more individual borrowers and none of the applicants and co-applicants is a business entity like a company or a firm or partnership or AOP

For loans from Housing Finance Companies, refer to NHB circulars NHB(ND)-DRS-Policy-Circular-63-14-15 dated Aug 14, 2014 and NHB-ND-DRS-Policy-Circular-No-66-2014-15 dated Sep 03, 2014 for more details.

Please contact myloancare at 0124 426 4004 or care@myloancare.in in case you need any assistance or clarification on this subject.

Development Credit Bank Loan Against Property Customer Care Number, Email, Application Status

Contact Details of Development Credit Bank Loan Against Property 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
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
Loan Against Property @ 10.60%* Cashback Upto Rs. 5,000

Compare SBI, PNB, ICICI Bank, HDFC, Axis Bank, Citibank, SCB, DBS, Indiabulls, DHFL and others online.

DCB Loan Against Property News - Oct 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.