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%
Get Deutsche Bank Home Loan

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 Applicant must be:
  • 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 
  • Salary Slip for the last 3 months
  • Form 16 or ITR
  • HR Certificate reflecting allowances and reimbursements.
  • Copy of Bank Statements for the main account for the last 6 months.
  • Repayment details of existing loan or loan closure letter.
  • Income Tax return for last 2 years.
  • Proof of business continuity for last 3 years.
  • Profit and Loss account with computation of Income and Balance sheet for last 2 years certified by a CA.
  • Copy of Bank Statements for main account for last 6 months.
  • Note on the nature of business, form of organization, suppliers and customers.
Proof of Age (Any One) 
  • Passport
  • Voter’s ID
  • Birth Certificate
  • Driving License
  • Aadhar Card or letter issued by UIDAI
  • PAN Card
  • Job card issued by NREGA duly signed by any State Government official.
 

  • Passport
  • Voter’s ID
  • Birth Certificate
  • Driving License
  • Aadhar Card or letter issued by UIDAI
  • PAN Card
  • Job card issued by NREGA duly signed by any State Government official.
Proof of Signature (Any One) 
  • Valid Passport
  • Driving License.
  • PAN Card.
  • Banker’s Certificate.
  • Valid Passport
  • Driving License.
  • PAN Card.
  • Banker’s Certificate.
Proof of Identity (Any One) 
  • Passport
  • Voter’s Id
  • Valid Driving License
  • Aadhar Card or letter issued by UIDAI
  • PAN Card
  • Job card issued by NREGA duly signed by any State Government official.
  • Passport
  • Voter’s Id
  • Valid Driving License
  • Aadhar Card or letter issued by UIDAI
  • PAN Card
  • Job card issued by NREGA duly signed by any State Government official.
Proof of Address (Any One) 
  • Passport
  • Voter’s Id
  • Valid Driving License
  • Aadhar Card or letter issued by UIDAI
  • Job card issued by NREGA duly signed by any State Government official.
  • Passport
  • Voter’s Id
  • Valid Driving License
  • Aadhar Card or letter issued by UIDAI
  • Job card issued by NREGA duly signed by any State Government official.

 

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?

Don’t let the home loan aspect bog you down! Take the free assistance of our professional financial advisors - let them find you the best home loan from thousands of schemes so you can handle the repayment worry-free! Contact a financial guide for free at hl@fincity.com now!