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| Deutsche Bank Home Loan Highlights | |
| Interest rate | Home Loan interest rates are linked to 3-month Treasury Bill Rate (EBTL), currently 6.85%, and the spread over EBTL is calculated on the basis of the applicant’s credit profile |
| Loan amount | Up to 75% of the property’s value |
| Repayment tenure | 5 years to 20 years |
| Processing fee | 1% of the loan amount |
Note: Interest rate as of 22nd November 2024
Table of Contents
Deutsche Bank Home Loan Interest Rate
Deutsche Bank home loan interest rates are linked to the 3-month Treasury Bill Rate (EBTL), which is currently 6.85%. However, the bank has not disclosed the spread charged over EBTL. Deutsche Bank sets the spread over EBTL on the basis of the applicant’s credit risk premium, operating cost, business strategy cost or any other parameters determined by Deutsche Bank.
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Also Check: Home Loan EMI Calculator
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 |
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Fees and Charges of Deutsche Bank Home Loan
Processing fee/Administration fee
Deutsche bank charges an administration fee of up to 1% of the loan amount disbursed.
Preclosure/Prepayment charges
| Part payment charges on fixed rate loan | 2.50% of the prepaid amount |
| Preclosure charges on fixed rate | 2.50% of the outstanding amount at the time of loan closure |
| Part payment/prepayment changes on floating rate loan | NIL |
Other Fees and Charges
| Charges for unsuccessful execution of Standing Instruction for payment/ Cheque/ ECS/ NACH bounce charge | Rs 500 |
| Switch fee/ Repricing fee | Up to 0.5% of principal outstanding
(Deutsche Bank at its discretion may permit its existing home loan borrowers to re-price his/ her home loan interest rates, at the request of the borrower) |
| Transaction fee | Rs 500 (applicable on all customer initiated EMI/ tenure change requests) |
| Penal Interest Rate | 24% per annum on the overdue/ unpaid/ delayed amount payable |
| Stamp Duty on Loan Agreement | As applicable, depending on local regulations and the type of mortgage |
| Post Dated cheques/ ECS/ NACH/ SI swap charges | Rs 500/- |
| Document retrieval charges | Rs 500/- |
| Taxes and other government levies | As applicable |
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Types of Deutsche Bank Home Loan
- Home Improvement Loan: It is a home loan that borrowers can avail for financing renovation and repair related expenses.
- Home Construction Loan: It is a home loan that borrowers can get for constructing a house/ residential property.
- Home Loan for NRI: It is a home loan that NRI/OCI/PIOs can use for purchasing residential property, constructing a home on a plot of land or repairing/renovating their existing property in India
- Home Loan Balance Transfer: It is a home loan facility that existing home loan borrowers can use to transfer their existing home loans from one lender to another at lower interest rates.
Deutsche Bank Home Loan Eligibility Criteria
For Salaried & self-employed:
- Minimum age: 23 years
- Maximum age: 65 years/ retirement, whichever is earlier
- Minimum gross annual income: Rs 5 lakh
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Deutsche Bank Home Loan Documents Required
Identity Proof (any one of the following):
- Valid Passport
- Photo PAN Card
- Voter’s ID Card
- Valid Driving License
- Job card issued by NREGA duly signed by an officer of the State Government
- Aadhar Card or Letter issued by the UIDAI
Address Proof (any one of the following):
- Valid Passport
- Valid Driving License
- Voter’s ID Card
- Job card issued by NREGA duly signed by an officer of the State Government
- Aadhar Card or Letter issued by the UIDAI
Signature Proof (any one of the following):
- Valid Passport
- Banker’s Certificate
- Driving License
- PAN Card
Age Proof (any one of the following):
- Valid Passport
- Voter’s ID Card
- PAN Card
- Birth Certificate
- Valid Driving License
- Job card issued by NREGA duly signed by an officer of the State Government
- Aadhar Card or Letter issued by the UIDAI
Also Check: Home Loan Eligibility Calculator
Financial Documents Required for Salaried Applicants:
- Salary slip of last three months
- Form 16 or ITR
- HR certification showing all allowances and reimbursements (if any)
- Copy of bank statement (main account) for last 6 months
- Repayment details on any existing loans or loan closure letter
Financial Documents Required for Self-employed Applicants
- Income Tax returns for the last 2 years
- Profit and Loss Account along with computation of Income and Balance Sheet for last 2 years, duly certified by a CA
- Proof of business continuity for last 3 years
- Copy of bank statement (main account) for last 6 months
- Short note on the nature of business, form of organization, clients and suppliers, etc
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FAQs On Deutsche Bank Home Loan
1. How is the interest on the home loan of Deutsche Bank calculated?
Ans. Home loan interest under Deutsche Bank is calculated basically under two schemes namely fixed rate and Floating Rate.
2. What objects of the loan applicant can be used as a security by the Deutsche Bank?
Ans. Basically, an applicant can avail Deutsche housing loans by securing the title deed of the property as collateral. That title has to be precise and free from any sorts of errors.
3. Who can be a co-applicant of the home loan from Deutsche Bank?
Ans. Generally, the spouse/parent/sibling becomes the co-applicant of the Deutsche home loan, as well as their income, is also clubbed for repaying the loan amount. Other than that, any other co-owners of the property become the co-applicant of the home loan under Deutsche Bank.