Deutsche Bank Home Loan
- Loan Amount up to Rs.15 crores
- Interest Rate starting at 9.85%
- Loan Tenure: Up to 20 years
- Processing Fees: Up to 1.00%
Deutsche Bank offers borrowers home loans for purposes ranging from buying a house to renovating their current home. Their home loan interest rate starts from 9.85% for a loan tenure of up to 20 years. Their loan documentation process is simple and they sanction home loans for up to 80% of the property value. Interestingly, Deutsche Bank Home Loans also come with insurance to cover the loan repayment in case of the death or permanent disability of the borrower due to an accident.
| Deutsche Bank Home Loan Summary | |
|---|---|
| Loan Amount | Up to Rs.15 crores |
| Loan Tenure | From 5 years to 20 years |
| Interest Rate | 9.85% onwards |
| Processing Charges | Up to 1% of loan amount |
| Loan-to-Value Ratio | Up to 80% of property value |
| Minimum Age | 23 years |
Note : The above rates are subject to change at the discretion of the banks or on the basis of RBI directives.
Deutsche Bank Home Loan Eligibility
Various factors affect the eligibility for a Deutsche Bank Home Loan, some of them being the applicant’s monthly income, age, credit history, employment status/type and the property type and value. However, these are the common criteria to avail a home loan from Deutsche Bank.
- An Indian Resident
- Salaried or self-employed
- Between 23 and 65 years of age
- Minimum annual income of Rs.5 lakhs
Figure out how much Deutsche Bank Home Loan you’re eligible for by using the Fincity Eligibility Calculator.
All you need to do is enter a few required details and the result will be displayed to you instantly.
Deutsche Bank Home Loan Interest Rates
Deutsche Bank Home Loans start at 9.85% per annum for a tenure of up to 20 years.
Deutsche Bank Home Loan Processing Fees & Charges
Here’s a list of the processing and other fees charged by Deutsche Bank when you apply for a Home Loan.
| Particulars | Charges |
|---|---|
| Administration Fee | Up to 1% of loan amount |
| Default Interest Rate | 24% onwards |
| Loan Prepayment | Fixed rate loan: — Part payment charges are 2.50% of the amount prepaid & Pre-closure charges are 2.50% on the loan outstanding at the time of loan closure Floating rate loan: — No part payment or prepayment charge |
| Cheque/ECS/SI Dishonour Charges/NACH Bounce Charges | Rs.500/- |
| Transaction Fee | Rs.500/- (customer initiated EMI / tenor change request including part payment) |
| Stamp Duty Charges | Based on the local rules and regulations and the type of mortgage. |
| ECS/PDC Swap Charge | Rs.500/- |
| Document Retrieval Charges | Rs.500/- |
| Transaction Fee | Rs.500/- |
| Switch Fee/Reprising Fee | Up to 0.5% of principal outstanding |
| GST, Service Tax, other government tax | As applicable. |
Note :The above rates are subject to change at the discretion of the banks without prior notice.
Deutsche Bank Home Loan EMI Calculation
To prepare yourself financially from before, it’s advisable to know your EMI amount before you opt for a particular scheme. And to help you with that, we present you the Fincity Home Loan EMI calculator! Enter the basic required details such as loan amount, interest rate and tenure to know the monthly EMI amount right away.
Deutsche Bank Home Loan Documents Required
Below is a list of the documents a borrower will need to submit in order to get a Deutsche Bank Home Loan.
| Documentation | Salaried | Self-employed |
| Financial Proofs |
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| Proof of Age (Any One) |
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| Proof of Signature (Any One) |
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| Proof of Identity (Any One) |
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| Proof of Address (Any One) |
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Note : Required documents must be self-attested and may slightly differ.
Deutsche Bank Home Loan Scheme Benefits
With Deutsche Bank, borrowers can avail of flexible home loan amounts - up to 80% of market value of the property (limited to Rs.15 crores). The documentation process is simple and quick.
Excited about your home purchase plans?
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