DCB BANK

Home Loan


Avail of DCB Home Loans for the purchase of a new house, self construction, purchase of land plus construction of house and balance transfer of your existing home loan with an additional amount for personal use.

Buying your dream home has never been so easy.
Highlights:
Best Interest rates
Dedicated relationship manager
Avail of loans of up to 85% of the property cost
Loan amounts ranging from Rs. 10 lakhs to Rs. 3 crores
Flexible tenures of up to 20 years
Simplified documentation and speedy processing
No charges on part prepayment
Home Loan insurance at low premium
Schedule of Service and applicable charges
DCB Home Loan
Introducing Home Loans from DCB.
Avail of loans for purchase of a new house, self construction, purchase of land plus construction of house, balance transfer of existing home loan with an additional amount for personal use.
DCB Home Loans are available for individuals (salaried / businessmen), partnership firms and private limited companies. Our dedicated Relationship Managers will understand your requirements and assist you at every stage of the loan disbursal process.
Buying your dream home has never been so easy.

Features
• Avail of loans of up to 90% of the property cost
Loan Amount - LTV
<= 20lacs - 90%
< 20-75lacs - 80%
< 75lacs - 75%
• Dedicated Relationship Managers
• Loan amount ranging from Rs. 10 lakhs to Rs. 5 crores
• Flexible tenures of up to 20 years
• Simplified documentation and speedy processing
• Home loan insurance at low premium
• No charges on part prepayment
• Tax Benefits
• Resident Indians are eligible for tax benefits on their housing loan under Section 24 of the Income Tax Act, 1961 for interest payment up to Rs. 150,000 p.a. and under Section 80C for repayment of the principal amount up to Rs. 100,000 p.a.
• Minimum Age: 30 years for Salaried & 25 years for Self Employed at the time of application.
• Maximum Age:
° Salaried - Max 65 years or Retirement Age, whichever is earlier at the time of loan maturity.
° Self Employed - Max 65 years at the time of loan maturity.
• Minimum Income:
° For Chennai Pune and Hyderabad - 2.5 lacs per annum
° For other locations - 3 lacs per annum
• Target segment: Loans are offered to both Self employed & Salaried and also to NRI / PIO (salaried segment only)
• Co-applicant mandatory in all cases.
• Tenure: 12 months to 240 months.
• Loan to Value Ratio (LTV): max 85
Schedule of Service and applicable charges
Development Credit Bank Ltd. offers best interest rates and other facilities. You can choose from Adjustable Floating Rate Home Loan and other wide variety

services
Charges Home Loans
Loan Processing charges Upto 1% of the loan amount, subject to a minimum of Rs. 5000/-, of which Rs 2500/- would be payable at the time of loan application (by way of a cheque / PO / DD), balance payable prior to disbursement.
Annual Maintenance Charges (PayLessHome Operative Account) Upto 1% of outstanding loan amount as on 31st March every year (Loan account Closing balance as per loan account statement). This will be an annual charge which will be normally debited from yourPayLess Home Operative account during the following quarter.
The annual charge would be debited if the excess FUND deposited in the PayLessHome Operative Account exceeds 30% (on an average basis for the preceding FINANCIAL year) of the loan outstanding as per the actual loan account statement as on 31st March every year.
Prepayment (Foreclosure) Charges i. NIL where the loan is linked to fully floating rate of interest and has completed 12 months from the dateof full disbursement.
ii. Prepayment/foreclosure is allowed after 12 months of full disbursement. In case of prepayment/ foreclosure of home loan, no prepayment / foreclosure charges will be levied on floating rate loans. However, prepayment / foreclosure charges of 2% (plus applicable service tax) on principal outstanding will be levied in case of all other loans.
Part Prepayment Charges i. No part-prepayment permitted in the first 6 months from the date of full disbursement.
ii. No part-prepayment and reduction of EMI permitted in PayLess Home Loan facility.
Re-Pricing Charges (Home Loan includingPayLess Loans) Upto 1% of principal outstanding (Minimum Fee of Rs 5000/-)
Penal Interest 3% per month.
Cheque/ECS swap charge Rs. 500/- per event
Property Document Retrieval charge Rs. 500/- per event
Cheque bounce charge Rs. 500/- per event
Amortization Schedule Rs. 100/- per schedule
Statement of Account Rs. 100/- per statement
Foreclosure statement Rs. 100/- per statement
Duplicate 'No Objection Certificate'/'No Dues Certificate' Rs. 100/-
Revalidation of 'No Objection Certificate' Rs. 100/- per NOC
Provisional Income Tax certificate NIL
Final Income Tax Certificate NIL
Interest Certificate NIL
Change of Address NIL
Loan Agreement Copy Rs 500/- per event
'No Objection Certificate'/'No Dues Certificate' NIL


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CONTACT
9594111161 / 9967111161
ONLINE CONTACT
perfectsolution.helpdesk@gmail.com
ADDRESS
504, 5th Floor Suchita Business Park,
Raigad Chowk, Station Road, Ghatkopar (E), Mumbai 400 077
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