Tag Archives: development credit bank home loan emi calculator

Development Credit Bank (DCB) Home Loan, Interest Rate and EMI Calculator December 2017

(Updated on 08.12.17) Development Credit Bank (DCB) Home Loan EMI Calculator December 2017Get Instant Quick & Easy Approval on DCB Home Loan Sept 2016. Loansninsurances.com provide a simple tool to calculate your Home Loan EMI on the basis of ✓Interest Rate ✓Loan Tenure ✓Processing Fee ✓Eligibility ✓Best Offers & more.

DEVELOPMENT CREDIT BANK HOME LOAN – GET INSTANT QUOTES ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Home Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

Development Credit Bank Home Loan

Development Credit Bank, one of the prominent commercial banks in India to provide retail loans and other financial products to cater to the diverse needs of every customer. The bank serves the nation with a wide network of 144 branches spread over 85 cities. Among the several Loan Products, DCB Home Loan is extensively popular for its:

  • Maximum Loan Amount based on your income status and cash flow.

  • Easy and fast Home Loan approvals through dedicated relationship managers who will assist you at every stage.

  • Balance Transfer Facility: this facility helps you to take over your existing home loan and additional funds for your requirements.

  • Attractive Insurance Plan to cover your home loan amount even at critical illness or death of the borrower.

Development Credit Bank Home Loan Interest Rate

Interest Rate 10.64% to 16%
Processing fee range 2% of the loan amount, subject to a minimum of Rs.5,000/
Loan Amount 10 Lakhs to 5 crores
Tenure Max. 20 years

Development Credit Bank Home Loan EMI Calculator

Development Credit Bank Home Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Home loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

DCB Home Loans can be availed by salaried individuals / businessmen, partnership firms and private limited companies for the purchase of a new house/flat, self-construction of a house and also to purchase of a land and construct a house thereon. DCB Home Loans are available at fixed as well as floating rates suiting your budget and varied requirements. Home loans can be availed up to 90% of the market value of your property. Check you Home loan eligibility with Home Loan Eligibility Calculator and get the best deal on home loan.

DCB Home Loan Products

1) DCB Home Loan

  • Loan up to 90% of the market value of your property.

  • Loan for salaried individuals / businessmen, partnership firms and private limited companies.

  • Max. Loan amount Rs. 5 crores.

  • Processing fee up to 2% of the loan amount, subject to a minimum of Rs.5,000/-.

2) DCB Micro Home Loan

  • Loan for borrowers of lower income group.

  • Loan up to 90% of the market value of your property.

  • Facility to apply for home loan with zero balance savings account.

  • Max. Loan amount Rs. 5 crores.

  • Processing fee up to 2% of the loan amount, subject to a minimum of Rs.5,000/-.

Development Credit Bank Home Loan Eligibility

  • Loan for salaried individuals / businessmen, partnership firms and private limited companies.

  • Loan for borrowers of lower income group.

  • Min. Age should of 21 years.

  • Other eligibilities will also be taken into account.

Development Credit Bank Home Loan Documents Required

For Salaried Individuals

  • Application form with self-attested photograph.

  • Age proof (PAN card / Passport / Mark sheet with date of birth / Birth certificate)

  • Proof of residence (Passport / Driving Licence / Aadhar card / Voter’s ID card)

  • Proof of identity(Voter’s ID card / Passport / Employer’s card / Aadhar card)

  • 3 month’s salary slip, Form 16, 6 month’s bank statement, Copy of title documents, Processing fee cheque.

For Self-employed Individuals

  • Application form with self-attested photograph.

  • Age proof (PAN card / Passport / Mark sheet with date of birth / Birth certificate)

  • Proof of residence (Passport / Driving Licence / Aadhar card / Voter’s ID card)

  • Proof of identity(Voter’s ID card / Passport / Employer’s card / Aadhar card)

  • Proof of business existence and years in business

  • 2 years of income tax returns along with financial statements

  • 6 month’s bank statement, Copy of title documents, Processing fee cheque.

Development Credit Bank Home Loan Prepayments

  • Full Prepayment (Foreclosure) of the loan is not permitted in the first 12 (twelve) months from the date of full disbursement.

  • No prepayment / foreclosure charges would be levied where the loan is availed on fully variable / floating rate of interest and has completed 12 (twelve) months from the date of full disbursement.

  • No part prepayment allowed in the first 6 (six) months from the date of full disbursement.

  • No part prepayment charges would be levied where the loan is availed on variable / floating rate of interest and has completed 6 (six) month from the date of full disbursement.

Development Credit Bank Home Loan MCLR December 2017

Tenure MCLR Rates
Overnight 9.28%
1 Months 9.68%
3 Months 10.08%
6 Months 10.28%
1 Year 10.48%
2 Years 10.59%

DCB HOME LOAN : FREQUENTLY ASKED QUESTIONS BY CUSTOMERS

1) Is it possible to avail a home loan in cities where there is no DCB branch?

No, it is not possible. Home loan is available in those cities where there is a Development Credit Bank branch.

2) What is the maximum loan tenure for DCB home loan?

DCB home loan can be repaid up to a period of 20 years or depending on the age of the applicant.

3) Could I repay my home loan amount before the end of the tenure?

Yes, it is possible to repay your home loan amount before the home loan tenure. Part pre-payment or Pre-payment options are available.

4) Is there any foreclosure charges for Home Loan?

No prepayment / foreclosure charges would be levied where the loan is availed on fully variable / floating rate of interest.

5) Can I include my spouse name or my family members name in the application to apply for a joint application?

Yes, you can club your spouse name or family members name to increase your home loan eligibility, if your spouse is a co-owner of the property.

6) Is there any requirement of guarantor or co-applicant?

Yes, you need a guarantor or a co-applicant for the loan processing. You can include your wife or any member of your family who is earning well.

7) How is Rate of Interest calculated?

DCB home loan can be availed at floating rates of interest which is linked to its MCLR. Currently, the bank is offering home loan at a minimum rate of interest of 10.64%.