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DBS Bank Home Loan Highlights |
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| Interest Rate | 16% – 20% p.a. |
| Processing Fees | Up to Rs 10,000 + applicable charges |
Note: Interest rates as of 19th November 2024.
Table of Contents
DBS Bank Home Loan Interest Rates
The DBS Bank offers home loan interest rates starting from 16% p.a. Although DBS Bank has not specified the role of their loan applicants’ credit scores, occupation profile, income, EMI/NMI ratio, etc. while finalising the interest rates, most lenders set their home loan interest rates based on the above mentioned criteria.
| Loan Type | Interest Rate (p.a.) |
| Home Loan | 16.00% |
| Home Extension Loan | 18.00% |
| Top-up Loan | 20.00% |
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Compare Home Loan Interest Rates for Top Banks & HFCs
| Name of Lender | Up to Rs. 30 Lakh | Above Rs. 30 Lakh to Rs. 75 Lakh | Above Rs. 75 Lakh | |
| SBI | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | 8.50%-9.85% p.a. | Apply Now |
| HDFC Bank Limited | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| LIC Housing Finance | 8.50% - 10.35% p.a. | 8.50% - 10.55% p.a. | 8.50% - 10.75% p.a. | Apply Now |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Kotak Mahindra Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50%-11.45% p.a. | Apply Now |
| Punjab National Bank | 8.45% - 10.25% p.a. | 8.40% - 10.15% p.a. | 8.40% - 10.15% p.a. | Apply Now |
| Bank of Baroda | 8.40% - 10.65% p.a. | 8.40% - 10.65% p.a. | 8.40% - 10.90% p.a. | Apply Now |
| IDFC First Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards | Apply Now |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards | Apply Now |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards | Apply Now |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards | Apply Now |
| Axis Bank | 8.75%-13.30% p.a. | 8.75%-13.30% p.a. | 8.75%-9.65% p.a. | Apply Now |
| Godrej Housing Finance | 8.55% p.a. onwards | 8.55% p.a. onwards | 8.55% p.a. onwards | Apply Now |
Compare Home Loan Schemes Offered by Top Lenders Compare Now
Fees and Charges for DBS Bank Home Loan
DBS Bank Home Loan Processing fees
| Particulars | Rates |
| Processing fees | Up to Rs 10,000 + applicable charges |
| Annual fees | Nil |
DBS Bank Home Loan Prepayment/Foreclosure charges
| Particulars | Rates |
| Part-payment Fees (Fixed Rate Loans) | 2% + taxes for part prepayments more than 25% of the opening principal in the financial year. |
| Part-payment Fees (Variable/Hybrid Rate Loans) | Nil |
| Foreclosure Charges (Fixed Rate Loans) | 2% (plus taxes) of the outstanding loan amount plus the undisbursed portion of the sanctioned loan. |
| Foreclosure Charges (Variable/Hybrid Rate Loans) | Nil |
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Other charges for DBS Bank Home Loan
| Particulars | Rates |
| Default payment charges |
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| Incidental charges | Expenses levied to cover costs, charges, expenses in connection with recovery of dues from defaulting customers – charged on actuals |
| Switch fees | Up to Rs 5,000 (as mutually agreed upon accepting the customer’s service request) |
| Conversion fees | Up to 1% (as mutually agreed upon accepting the customer’s service request) |
| Re-pricing fees or conversion to the RBI policy repo rate | Up to Rs 5,000 (as mutually agreed upon accepting the customer’s service request) |
| Cheque bounce charges, Document Retrieval Charges, Statement of Account (Adhoc), Duplicate No Objection certificate/ No Due Certificate | NA |
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DBS Bank Home Loan Eligibility Criteria
The following parties are eligible to avail DBS Bank Home Loans:
- Indian citizens
- Non-resident Indians (NRI)
- Persons of Indian origin (PIO)
- Hindu Undivided Family (HUF)
- Sole proprietorship (proprietor should be an Indian citizen)
- Societies duly registered in India
- Trusts constituted/formed in India
- Partnership firms (where all partners are Indian citizens) and Limited Liability Partnerships (LLPs) incorporated in India
Also Read: Home loan eligibility criteria for top banks and HFCs
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Documents required for DBS Bank Home Loan
Although DBS Bank has not specified the list of home loan documents required for availing housing loans, lenders offering home loans usually ask of their applicants to submit the following home loan documents:
- Proof of identity (any one): PAN Card, Aadhaar Card, Voter’s ID Card, Driving Licence, etc.
- Proof of age (any one): Aadhaar Card, Passport, Birth Certificate, 10th Class Marksheet, bank passbook, etc.
- Proof of residence (any one): Ration Card, Voter’s ID, Passport, utility bills (telephone, electricity, water or gas), LIC policy receipt, etc.
- Proof of income (for salaried): Form 16, certified letter from employer, last 3 month payslips, increment/promotion letter, etc.
- Proof of income (for self-employed): ITR of last 3 years, Balance Sheet and P&L account statement duly attested by a CA, professional practice licence (for doctors, consultants, etc.), business licence details (or any other equivalent document), certificate of establishment (for factories, shops & other establishments), etc.
- Proof of business address
- Property documents: Receipts of payments made to the developer, sale agreement copy, title deeds of the plot, detailed estimate of house construction by architect/civil engineer, etc.
- Other documents: Passport size photographs of applicants and co-applicants, own contribution proof, last 6 months’ bank statements showing repayment of ongoing loans (if any), processing fees cheque in favour of the home loan provider, etc.
- Additional documents for self-employed: Business Profile, Form 26 AS (latest), list of directors and shareholders with details of individual shareholding certified by a Chartered Accountant or Company Secretary (if the business entity is a company)
- Partnership deed if the business entity is a partnership firm
- Memorandum of Association (MOA) and Articles of Association (AOA) of the Company
Note: The aforementioned list of documents for home loans is indicative. Prospective applicants may have to submit additional documents while applying for DBS Bank Home Loan based on the lender’s requirements.
Prospective home loan applicants can get in touch with the lender through the DBS Bank Home Loan Customer Care Number to know more about the home loan schemes offered by the lender.
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Also Check: Home Loan EMI Calculator
DBS Bank Home Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395