DBS Bank offers home loan at competitive interest rates starting from 6.70% p.a. with the processing fee ranging between 0.25% to 1% of the sanctioned loan amount. The loan tenure can be a maximum of 20 years. There are other benefits as well like no part payment fee and foreclosure charges.
DBS Bank offers home loans to suit your specific needs at very affordable interest rates and repayment options. The housing loans offered by the bank come with a smooth approval process and automated repayment. There are no hidden charges and you can apply for a loan online.
Interest Rate: 6.70% p.a. onwards
Processing Fees: 0.25% to 1% of the sanctioned loan amount
Can be used for renovation of flats/houses.
Maximum loan amount of Rs.5 crore.
Maximum repayment of 240 EMIs (equated monthly instalments).
DBS Home Loan Against Property
Interest Rate: 7.35% p.a. onwards.
Processing Fees: 0.25% to 1% of the sanctioned loan amount
If you want to know what your EMI will work out to be before applying for a home loan, you can check the same using a home loan EMI calculator. Knowing what will go out of your bank account each month will help you better manage your finances and also plan better. You can use the Home Loan EMI Calculator to compute the same.
To calculate your EMI, you need to enter details about your total home loan amount, processing fee and the rate of interest. Once you choose the ‘Calculate’ option after entering all the above information, the EMI will be displayed. A detailed amortisation report will also be made available to understand the principal and interest components when it comes to your loan.
Documents Required for All Home Loan Applicants Under DBS Bank
ID proof documents.
Address proof documents.
Income proof documents.
Property documents – the applicant must be the owner of the property.
FAQs
How to apply for a DBS Bank home loan?
You can log on to the bank website, call the customer care or visit the nearest branch to get information about how to apply for a loan.
What is the minimum amount that can be availed as a loan?
The minimum amount that can be availed as a loan is Rs.11 lakh.
Who can become a co-applicant?
Any immediate relative such as a parent, spouse or a child. Siblings can also be co-applicants as long as they are co-owners.
How long will it take for a loan to be approved?
DBS bank will take at least 15 working days for a home loan application to be approved. This will, however, vary depending on a case to case basis.
Is it mandatory to insure the property?
Yes, this has to be done. Insurance has to be taken for hazards such as fire, etc, during the tenure of the loan. The insurance related documents have to be submitted to the bank.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
I get much more loan eligibility in market compare to you guys and the banks i short listed through you. While the marker operates at a different reality level, your platform doesn't which led to a feeling of waste of time.. No follow up on what happened to client's call with banker. Did it get through or not? Is there any other way in which we can help you? etc...
My home loan application was closed with DBS, the reason why the application was closed is because the required loan amount was not fulfilled. I am happy with the customer service as their response is on time. The rate of interest was high when compared to other banks.
I have applied for the home loan from DBS, the loan application was closed because the loan amount which i requested was Rs 1.20 crore but that was not possible. Customer service was fine and their response was up to the mark. The rate of interest was nominal when compared to others.
I have applied for loan of 40 lakhs and i have rejected the same due to high interest rates. They are offering a interest rate of 8.45% and the processing fee of Rs. 5000. I don't remember about the EMI option. The customer care is not good. They did not come to collect the documents and all.
Was this review helpful?
2
SANTOSH KUMAR
, bangalore
Reviewed on Jul 09, 2018
I had a plan to take home loan with DBS bank. Their interest rate was very high than ICICI Bank so I have canceled the request and taken with ICICI BANK. The customer service and responses was up to the mark. I was planning o taken 80,000 and the interest rate was 8,5% here but their customer service was good.
Was this review helpful?
2
ABHIMANYU SINGH
, new delhi
Reviewed on Jul 06, 2018
The DBS BANK has disbursed the home loan within a 15days of time. The customer support service is good with the DBS BANK, they were prompt in their response part . The rate of interest and the charges are low with the DBS BANK when compared with other banks.
I got the home loan with the Deutsche Bank Services and the customer service is okay one for me. Responsiveness is good one with the DBS bank. Rate of interest is also good one for me with them and its a smooth ended process for myself.
It was a good experience that I received from DBS Bank as i applied for the home loan process the bank people cancelled the application . The Rate of interest was high which they gave me as compared to other banks . They were not giving me a full approval on the amount i asked for . The Customer service was good from their end, all the required information was given to me properly .
I have my home loan with DBS for about 2.5 years. The loan amount was 37 lakhs and the interest rate was 8.35% which was avergae in the market so It recommendable . The tenure period was 20 years and I had a very good loan process here . The processing fee was nominal so I would like to recommend to others.
Was this review helpful?
3
HEMANT CHANDRAKANT MHATRE
, mumbai
Reviewed on Dec 22, 2017
it was a good experience with DBS Bank as i took a home loan from there . No full approval was given . Was asking fr 95% approval but thy were only provide 80% approval . the Customer service was good from the bank side . all the Information was given to me in a proper way . Bank canceled the application from their end .
My experience was good with DBS Bank. The documentation process was smooth and good. They provided a doorstep service for document collection. They provided a good customer service. The rate of interest was lower than the market price. There are no charges when it comes to pre closure.
I have taken a home loan with DBS Bank. They have offered 1L 80K. The payment option is convenient. The customer service and response was good. They have sanctioned the loan on time. There is no pre closing fee. The documentation process is normal.
Was this review helpful?
2
VEERA REDDY JAYAR
, bangalore
Reviewed on Nov 22, 2017
DBS bank taken some time to process my loan, because there was documents pending on my end. They DBS completed the disbursement quickly. I have taken the home loan of Rs. 1.5 crore with better interest rate and there was no addition charges or processing fee.
DBS is really nice bank they offering good interest rate for the home loan. But relationship manger was not coordinated well with me . They taken almost two months to process the loan. They need to improve the service and documentation procedure should be faster and should provide loan letter to the customer on time.
I have approached DBS for my home loan. I was looking for 55 lakhs loan amount but they could offer 48 lakhs maximum so I have cancelled the loan application. The rate of interest was 8.3% which was average and good . The customer service and responses was satisfactory here and I would like to recommend also.
I have approached DENA BANK for my home loan. I have postponed the plan for 6-1 years so I have cancelled the application. The rate of interest was 8.25% which was bit low comparing to other banks. My overall experience was good and i would like to rate 5 out of 5 overall.
Was this review helpful?
2
ASHUTOSH ASHUTOSH
, gurgaon
Reviewed on Oct 09, 2017
I had a good experience with DBS in regards to my Home loan application. I received a good response with detailed information on the requirements but had decided not to buy a house at the moment. I was happy with the overall service provided to me.
Was this review helpful?
2
DEVIKA PANDEY
, bangalore
Reviewed on Oct 05, 2017
I had applied for a Home loan with DBS bank and the initial response was good. The details were provided to me and it was a smooth start however i could not proceed with the application as the property deal was not good at the moment. I have had no issues with regards to the bank and the service.
Was this review helpful?
4
MANOHARAN SUBRAMANIYAM
, bangalore
Reviewed on Oct 05, 2017
I had gone for a home loan to DBS bank and the service was up to the mark. The bank had responded well with clear details of what was required. however i didn't go with the loan process as my decision was postponed. I was satisfied with the overall experience with DBS Bank.
I have not go ahead the housing loan balance transfer with the DBS bank and they were not okay to provide the funds , what I have asked. Rate of interest with the DBS bank was not ok and the zero processing fee is applicable. Response and everything was fine and I have not found any issues with them till now. Even I can say its instant too.
