ApnaLoanBazaar Main Menu

Personal Loan +

Personal Loan +

Home Loan +

Home Loan +

Business Loan +

Business Loan +

Mortgage Loan +

Mortgage Loan +

Doctor Loan +

Doctor Loan +

Credit Card +

Credit Card +

Educational Loan +

Educational Loan +

Basic Financial Tools +
Basic Financial Tools +

Resources +
Resources +

Apna Loan Bazaar +
Apna Loan Bazaar +

Dcb Bank Home Loan in Ahmedabad

Interest Rate starts from 10.48%

Dcb Bank Home Loan Interest rates in Ahmedabad

Please Find the Detailed Dcb Bank Home Loan Interest Rates For Various Categories

Dcb Bank Home Loan Floating interest Rates

Up To 2,00,00,000
Home Loan10.48%

Loan To Value (LTV) For Dcb Bank Home Loan in Ahmedabad

Please Find the Detailed Margin Money Details For Dcb Bank Home Loan
Up To 2,00,00,000
Home Loan85.00%

Features of Dcb Bank Home Loan Ahmedabad

Type Features
Processing FeeUpto 2.0%
Pre Closure ChargesNil
Part Payment ChargesNil
Min Tenure5 Years
Max Tenure30 Years
Min Age21 Years
Max Age60 Years

Dcb Bank Home Loan Ahmedabad Charges

Type Charges
E M I Bounce Charges3% per month
Duplicate Statement ChargesRs.100/-
Insurance CoverNA
Inspection ChargesNA
Legal Opinion Valuation ChargesNA
Validity Of SanctionNA
Cheque Swapping ChargesRs.500/-
Bounce Cheque ChargesRs.500/-
Issue Duplicate Provisional Interest CertificateNil
Issue Duplicate Interest CertificateNil
Duplicate Balance CertificateNil
Issue Amortization Schedule DuplicateRs.100/-
Switch Variable To FixedNA
Switch Fixed To VariableNA
Photocopy DocumentsNA

Documentation For Home Loan

  • Filled Application form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents
  • Filled Application form
  • Identity Proof
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • Co-Applicant identity proof, Address Proof
  • Co-Applicant relationship Proof and Photograph
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate
  • Property Related documents
  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification
  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)
  • Passport
  • Telephone bill (BSNL/MTNL)
  • Electricity bill
  • Title deed of property
  • Rental agreement
  • Driving license
  • Election ID card
  • Photo-credit card (with last two month statements)
  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)
  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)
  • Bank statements of latest 2 months
  • 3 months bank passbook
  • Min of 15 years of Link documents of Property
  • Min 15 Years of Encumbrance Certificate (EC) of the property obtained from Govt. Authorities
  • Property Sanction plan
  • BRS/LRS copies (if required, any)

Dcb Bank Home Loan FAQ's

About Dcb Bank

DCB Bank Ltd. (Formerly Development Credit Bank Ltd.) is a private sector scheduled commercial bank in India. It has a network of 157 branches and 359 ATMs in the country. It offers products to individuals, small and medium businesses, rural banking and mid corporates across its branch network. DCB Bank's financial products and services range from loans for Small and medium enterprises, Wealth Management, banking for Non Resident Indians, Internet Banking, Mobile Banking, Business Finance, Home Loans.

Dcb Bank Highlights

DCB Bank has won The ICONIC IDC Insights Award 2015 for Excellence
IDC Awards – “Digital Business Leader Award”
Info Not Available
Info Not Available
Info Not Available
Info Not Available

Home Loan Can Be Used For Many Purposes Like Below

For Construction of a New House

For Purchase of Dream Home

For Interiors of Home

Purchase of Open Land

To Buy an Apartment

Home Renovation

To Purchase a New Villa

Construction of Commercial Building

Why Home Loans?

Most of the families prefer to have their own house whether big or small. There is a significant difference staying in a self owned house than in a rented shelter. House is the most costly asset owned by middle and upper middle class families and it has emotional value. Affording own house with actual money is not always possible. Even though a person has stable income, years of savings are required to own a house in this current market. A Home loan answers the problems of those people who are willing to have their own home but do not have sufficient money to do that. You can now own your dream home by availing Home loan.

Home loan is normally for purchase of a new House/ Flat/Plot or renovation/ renewing of existing residential or commercial properties. Home loans are provided by Banks and registered finance companies. In Indian market there are several Banks/ HFCs providing Home loans at competitive interest rates. Home loan is always secured against the property that you buy. In case you are unable to repay the loan amount the lending bank will have right to take possession of the home.

In case of a Home loan entire lump sum amount will be sanctioned and disbursed initially based on the credit worthiness. You can plan your housing loan repayment tenure varying from 10-30 years and is repayable in form of EMIs. The rate of interest applicable is linked with Bank's base rate. You have a option to chose floating interest rate or fixed interest rate for the loan amount. For those who want the EMI amount to be fixed and are intending to plan their payments accordingly can opt for fixed interest rate. Those who are ready to take minimal risk and intend to avail the advantage in the long run can avail floating rate of interest. Floating rate of interest is more beneficial in the long run.

Expert Advice

Best Practices for Home Loan

Buyer has to ensure sufficient due diligence before finalizing the property. Certain aspects like builder credibility, availability of required approvals, and legal clearance of property to be checked before buying a property. Though it costs little extra it is advisable to get the assistance of experts for buying a property. This will help in avoiding costly mistakes.
Calculate and plan the total expenditure involved in purchasing a property. Apart from the cost of the property there are other related expenses like stamp duty, loan application charges, processing fee, valuation fee, legal fee etc which need to be meet from own funds of the buyer. Property buyer to invest around 20-25% of the total cost apart from loan. It is to be ensured that sufficient cash reserves are available to meet these expenses.
Based on your earning and repaying capacity decide the home loan amount to be taken. The various factors to be taken into consideration include your income, fixed obligations, remaining work experience, future growth prospects, future expenses like children education, marriage etc, other source of income, job related risks etc. This thorough analysis will help in taking right decision. This will help in not making a mistake of taking small loan when your income supports higher loan and taking high loan when your income do not support a huge amount.
Improve your credit history. Clearing of all overdue before applying for home loan will helps to improve the credit score. It is to be noted that your loans will not go into 30-60 or 90 days delinquency which reduce the credit score. Loan dues to be paid before the credit card payments which have higher impact on the credit score then the credit card payment. Prioritize the payments.
Do hold all the documentation required for processing the loan in originals and copies. This will help in easy verification of documents and fast processing. Any change in the employment, changes in pay structure etc during the loan process to be intimated to the concerned officer who helps in avoiding disconnect.
Save the best possible amount from your income. This will help you in having the large down payment. During the tenure of loansave the income, which can be used for prepay of principal amount. Ensure that there are no prepayment charges before making prepayment.

Things not to do for Home Loan

Do not avail any short term loans like vehicle loans, Home Loans, credit cards before going for a home loan. Any additional loan taken will reduce your Home Loan eligibility.
Do not be very optimistic about your future income and make a choice of high loan amount. This will increase your worries and you make feel unsecured.
Do not change your employer without knowing the impact on the approval of your Home loan.
Do not get into a contract with emotions, do proper research before taking a property and ensure it is right fit for you.
Do not jump into a conclusion, do the required homework before applying for home loan.
Do not forget to read the small print, ensure to read all the terms and conditions before signing the agreements.
Do not forget to make the payment of instalments. Ensure sufficient balance in the account to meet the EMI on a monthly basis.
Do not apply for a home loan only just you have eligibility. First select the property get the technical and legal cleared then go for the home loan. In case if you have applied for a home loan and it is sanctioned based on your income, subsequently property is not eligible under Bank norms you will end up losing the processing fee.

Interest Rates

1) Credit/CIBIL History:
If you have good credit/CIBIL record then banks will definitely award you with a better rate of interest. This means that if you have taken a loan previously and managed to pay it off without defaulting then you will have a high credit/CIBIL score. Apart from the loan the banks also take into account payment of your credit card bill record.
2) Nature of Employment:
The nature of your job also plays a crucial role in determining the interest rate. Banks have different checks in place if you are a salaried individual vis-à-vis a self employed person. So if you are working with a reputed organization then banks will be able to extend a cheaper rate of interest. But if you are working with an organization that is not very well known then a higher rate will be charged. In case you have your own business then banks will give you a loan even if you are in an advanced age. On the other hand in case you are a salaried employee then a loan will not be extended if you are nearing the age of retirement.
3) Bank-Customer relationship:
If you approach the bank where you already have a bank account and you are a valued customer then banks may give you certain leeway. This mean you can negotiate with the bank for a cheaper interest rate. Most banks agree to give a concession of 0.5-1% on the interest rate.

So next time you go around shopping for a Home loan, remember that these three points will affect the amount that the bank sanctions and the interest rate that it is levied. In the next article we will cover more points that affect interest rates on Home loan. So stay tuned!

Other Benefits

1) Tax Benefits:

As per Income Tax Act 1961, under section 80C, Principal repayment up to Rs. 100000 on your home loan taken for purchase or construction of a residential home property is eligible for deduction from gross salary on a annual basis.

As per Income Tax Act 1961, under section 24, Interest on home loan to an extent of Rs. 150000 P.A is allowed as expenditure under the head “Income from House Property”.

In case home loan is take by two or more jointly then under sec 80C deduction is allowed on proportionate basis.

2) Tips for Home Loan:

To increase the loan eligibility go for a joint loan. Combine your income with that your spouse or your parents.

Loans must not be taken for holidays, investing in stocks, weddings, buying expensive gadgets etc.

In case of Bad credit score take a short term loan (6 months) and repay it promptly and improve your score then.

Have the property insurance and buy loan protector life insurance for unexpected future risks.

Do not avail any short term loans like vehicle loans, Home Loans, credit cards before going for a home loan.  Any additional loan taken will reduce your Home Loan eligibility.

Facts about Home Loans

The Banks/Financial Institutes takes care about the following, when you apply for a Home Loan.

A) Earnings & repayment capacity

The Banks/Financial Institutes have their own norms and hence there will be difference in the loan amounts sanctioned to you by different the Banks/Financial Institutes. The main focus of the Banks is on your repayment capacity. They analyze how comfortably you will be able to pay the EMIs throughout the tenure of the loan. This analysis is done based on the ratios like Fixed obligation to Income ratio (FOIR) and Installment to income ratio (IIR).

These ratios are expressed in percentage. FOIR includes all your fixed obligations including EMIs on your existing loans. IIR indicates the percentage of monthly home loan installment of the total income. These two ratios may vary based on actual salary details, years of experience, stability of income, professional qualification, future career growth prospects etc.

B) Property legal and technical clearance:

Banks will not finance all properties. Banks look into various aspects like type of property, locality, Builder etc. They have certain type of properties and localities classified as negative. Therefore before finalizing a property one has to check whether the property is eligible for funding. Though it costs you little extra it is always better to check the legal and technical aspects before buying a property. Banks normally have loan to value (LTV) of 70-85% of value/ cost of the property considering type of property.

Apart from the above two mentioned parameters there is one additional and most important thing the Bank looks into is Credit history. Willingness to repay can be understood from ones past credit history and banking track.

Before selecting the Bank the following are the few points to be understood. All these will help you in selecting a right home loan lender for purchasing your dream home.

1. What is the Loan amount which the Bank is willing to extend based on FOIR?
2. What is Loan to value of the property?
3. What is the EMI amount and repayment tenure allowed?
4. What are the prevailing Interest rates and what is offered to you?
5. What are the other charges involved like processing fee, administrative fees, legal & technical fee, prepayment penalties, stamping charges, annual maintenance charges, insurance policy etc?
NOTE: Last but not least do not forget that any default in payment of home loan installments is more costly than your regular rent payments. Any such default will affect your Credit history badly and you have to bear high penalty for the same.

Home Loan Vs Mortgage Loans

Home Loans Mortgage Loan
Home loan can be availed for own/purchase of new property (Home or Flat). Mortgage loans will be provided based on already owned property.
Under Home Loan, loan can be availed only for purchase of new property. There is no restriction on mortgage loan usage. It can be used for any purpose.
Housing Loan will be provided for max of 25 years, some banks can extend it to 30 years also. Mortgage loans will be restricted to max of 10 years of term, which will be varying from bank to bank in India.
Home Loans interest will be as low as 9.95% to max of 11.5%, these interest rates will be subject to change as per market condition. Interest rate will be very from 12% to max of 15% based on the bank to bank. Generally mortgage loans will be fixed interest loans.
Home Loan customers can be eligible for Income tax deduction of Rs 1.00 lakh on housing loan interest under section 80EE. This would be in addition to the existing tax benefit of Rs 1.5 lakh under section 24, only if the value of the property purchased should not exceed Rs 40 lakh. Also, it could result in maximum savings of Rs 30,000-31,000. If the money received from a mortgage loan is used for business purposes, the interest can be claimed as an expense on the balance sheet of the business. However, if an individual is using it for personal end use, like marriage or medical expenses, the interest is not tax deductible as per income tax guidelines.
Loan can be availed up to max of Rs. 1.0 Cr under home loan, for real estate project funding it can be up to Rs. 20.0 based on the bank risk appetite. Mortgage Loans can be avail up to Rs. 15.0 cr based on the type of property and its usage and value of property and eligibility of applicants as per banks norms.
There is no prepayment penalty for the housing loan customers, when the loan will be cleared by the own funds. There will be pre payment changes will be applicable for mortgage loans. This will be vary from 1% to 3% as per bank internal guidelines.
Part pre Payments will be allowed in Housing Loans. There were no part prepayment will be allowed for Mortgage loans.
Housing Loan can be availed with joint eligibility by Husband and wife or blood relatives. Mortgage loans also avail with the joint eligibility as company and director or blood relatives.
You can avail max of 80% of the property value as a home loan as per your eligibility criteria. In Mortgage Loan max of 65% property value can avail as a Loan based on the type of property.
You can avail a top loan facility on your home loan. Top up facility will be vary from bank to bank internal guidelines.

About Ahmedabad

Ahmedabad is the largest city and former capital of Gujarat, which is a state in India,it is located on the banks of the Sabarmati River. Ahmedabad is also known as Amdavad by fellow Amdavadis and population of more than 6.3 million and an extended population of 7.8 million, it is the sixth largest city and seventh largest metropolitan area of India. In Ahmedabad Cricket is a popular sport in Ahmedabad, which houses the 54,000-seat Sardar Patel Stadium.

Ahmedabad begins in the eleventh century with the Solanki King Karandev I, ruler of Anhilwara. He waged a war against the Bhil King Ashapall or Ashaval and after his victory established a city called Karnavati on the banks of the Sabarmati at site of modern Ahmedabad. The history of Ahmedabad dates back to 15th century when it was known as Karnavati after the name of the King Karandev, the ruler of the place. Later when Sultan Ahmed Shah, medieval ruler of Gujarat, conquered the place it was renamed as Ahmedabad. The city was spacious and built to the east of Sabarmati. There is a fort known as Bhadra Fort which is enclosed by 12 gates.

Places To Be Visited In Ahmedabad

Sabarmati Ashram

    This ashram was Gandhi's headquarters during the long struggle for Indian independence. His ashram was founded in 1915 and still makes handicraft, handmade paper and spinning wheels. Gandhi's spartan living quarter are preserved as a small museum and there is a pictorial record of the major events in his life.

Jama Masjid

    The Jama Masjid, built in 1423 by Ahmed Shah, is beside Mahatma Gandhi Rd, to the east of the Teen Darwaja. Although 260 columns support the roof, the two 'shaking' minarets lost half their height in the great earthquake of 1819, and another tremor in 1957 completed their demolition. Much of this early Ahmedabad mosque was built using items salvaged from the demolished Hindu and Jain temples. It is said that a large black slab by the main arch is actually the base of a Jain idol, buried upside down for the Muslim faithful to tread on.

Hathee Singh Jain Temple

    Hathee Singh Jain Temple was built outside Delhi Gate in 1850 by a rich Jain Merchant. This is the best known of Ahmedabad's many ornate Jain Temples. Built of pure white marble and profusely decorated with rich carvings, the Hathee Singh Temple is dedicated to Dharamanath.

Nal Sarovar Bird Sanctuary

    54 km away and connected the the city, the sanctuary offers a pleasant trip. The sanctuary mainly comprises a lake and marshes where you can see flamingos, pelicans, ducks, geese, cranes, storks, ibises, spoonbills, wading birds, kingfishers, swallows, fishing eagles, osprey, harriers and falcons in great numbers.

Dada Hari Vav

    Dada Hari Vav is well was built to provide cool resting place and water. The stepped well is one the finest example of Gujarati architecture. Even on the hottest days the well is cool. This well was built in 1501. It has a flight of steps leading down to lower and lower platform terminating at a small, octagonal well.

Rani Sipri's Mosque

    This small mosque outh-east of the city is also known as the Masjid-e-Nagira (Jewel of a Mosque) because of its extremely graceful and well-executed design. Its slender minarets again blend Hindu and Islamic style. The mosque is said to have been commissioned in 1514 by the wife of Sultan Mahmud Begada after he executed their son for some minor misdemeanour and she is in fact buried here.

Total Number Of Branches In Ahmedabad (1519)

STATE BANK OF INDIA (237 Branches)HDFC BANK (93 Branches)BANK OF BARODA (89 Branches)DENA BANK (86 Branches)BANK OF INDIA (83 Branches)UNION BANK OF INDIA (60 Branches)CENTRAL BANK OF INDIA (54 Branches)ICICI BANK LTD (54 Branches)PUNJAB NATIONAL BANK (53 Branches)KOTAK MAHINDRA BANK LTD (53 Branches)AXIS BANK (51 Branches)CANARA BANK (43 Branches)INDIAN OVERSEAS BANK (38 Branches)KALUPUR COMMERCIAL CO-OP BANK (38 Branches)YES BANK (36 Branches)VIJAYA BANK (33 Branches)UCO BANK (28 Branches)SYNDICATE BANK (28 Branches)AHMEDABAD MERCANTILE CO-OP BANK (28 Branches)CORPORATION BANK (25 Branches)IDBI BANK (25 Branches)ALLAHABAD BANK (24 Branches)BANK OF MAHARASHTRA (22 Branches)INDUSIND BANK (22 Branches)NUTAN NAGARIK SAHAKARI BANK LTD (21 Branches)ORIENTAL BANK OF COMMERCE (20 Branches)ANDHRA BANK (18 Branches)INDIAN BANK (17 Branches)FEDERAL BANK (12 Branches)STATE BANK OF BIKANER & JAIPUR (11 Branches)BANDHAN BANK LTD (10 Branches)SOUTH INDIAN BANK (9 Branches)THE MEHSANA CO-OP BANK (8 Branches)UNITED BANK OF INDIA (8 Branches)KARUR VYSYA BANK (8 Branches)SARASWAT CO-OP BANK LTD (7 Branches)STATE BANK OF HYDERABAD (5 Branches)ABHYUDAYA CO-OP BANK LTD (5 Branches)DCB BANK LTD (5 Branches)ING VYSYA BANK (4 Branches)STATE BANK OF MYSORE (4 Branches)STATE BANK OF PATIALA (4 Branches)STATE BANK OF TRAVANCORE (3 Branches)PRIME CO-OP BANK LTD (3 Branches)PUNJAB & SIND BANK (3 Branches)RBL BANK LTD (2 Branches)THE SHAMRAO VITHAL CO-OP BANK (2 Branches)TJSB SAHAKARI BANK LTD (2 Branches)JAMMU & KASHMIR BANK LTD (2 Branches)KARNATAKA BANK LTD (2 Branches)CITY UNION BANK LTD (2 Branches)DEUSTCHE BANK (2 Branches)DHANALAXMI BANK (1 Branches)IDFC BANK LTD (1 Branches)HSBC BANK (1 Branches)CITI BANK (1 Branches)CATHOLIC SYRIAN BANK LTD (1 Branches)B N P PARIBAS (1 Branches)BHARAT CO-OP BANK MUMBAI LTD (1 Branches)BHARATIYA MAHILA BANK LTD (1 Branches)STATE BANK OF INDIA (1 Branches)STATE BANK OF INDIA (1 Branches)THE VARACHHA CO-OP BANK LTD (1 Branches)TAMILNAD MERCANTILE BANK LTD (1 Branches)RESERVE BANK OF INDIA (1 Branches)STANDARD CHARTERED BANK (1 Branches)LAKSHMI VILAS BANK (1 Branches)MIZUHO BANK LTD (1 Branches)NKGSB CO-OP BANK LTD (1 Branches)
16-11-2017, 16:29
Dena Bank Offers Home Loans Interest Rate at 8.25 percent
Dena Bank said, it will offer home loans at 8.25 percent on a par with its one year marginal cost of funds based lending rate (MCLR) and the lowest in the industry for loan amounts ...
Read More
11-11-2017, 14:56
Accept Paytm, BHIM, UPI Payments For Zero PCT (Patent Cooperation Treaty) Fee For Businesses
Good news for the businesses across India, they can now accept paytm, BHIM, UPI payments for zero fee and there will be no charges for receiving payments in your bank account. It w ...
Read More
09-11-2017, 18:55
HDFC bank reduces MCLR rate by 5 basis points
HDFC bank has reduced its marginal cost of funds based lending rates by 5 basis points across all tenures. For one year MCLR is now 8.10 percentage.
Read More
01-11-2017, 16:48
State Bank Of India Reduces The Marginal Cost Of the Funds Based Lending Rate By 5bps
State Bank Of India reduced its marginal cost of the funds based lending rate by 5 bps across the tenures. The one year MCLR at the banks now stands at 7.95%.
Read More
23-10-2017, 16:26
RBI says linking adhaar number to bank accounts mandatory
Joining the adhaar seeding debate, public sector banks officer union bank has demanded that mandatory linking of bio metric identity number should be put on hold till such time the ...
Read More
05-10-2017, 16:12
ICICI Bank Launches Cash Back Home Loans
ICICI Bank announced a new home loan scheme, that offers borrowers the benefit of 1 percent cash back on every EMI, for the entire tenure of the loan. The offer will be valid for h ...
Read More