As a premier investment bank, Deutsche Bank is a world leader in providing innovative financial solutions to institutions, corporates and individuals. Offering a fleet of integrated financial services, Deutsche Bank caters to personal banking customers with various loan products and investment options. Under its loan portfolio, Deutsche Bank has the perfect home financing solution suitable to customers intending to purchase a new home or renovate their existing properties.
Owning a home is a life-long dream for individuals and Deutsche Bank turns that dream into reality with its affordable housing loan solutions. A Deutsche Bank home loan can be procured with higher loan amounts at competitive interest rates. Deutsche Bank offers an easy documentation process for home loans thereby quickening the processing part of the loan.
Deutsche Bank provides different types of home loans depending on the requirement of the applicant. They are -
Income Documents - Salaried Professionals:
Income Documents - Self-employed Businessmen:
Proof of Signature (any one)
Deutsche Bank offers extremely competitive rates of interest on their home loans in comparison to home loan interest rates offered by the rest of the market. Currently, customers can avail of interest rates of 9.75% on their floating rate home loans. This rate is applicable to all home loan tenures from a minimum of 5 years up to a maximum of 20 years, and up to a maximum loan amount of Rs 10 Crores.
Deutsche Bank recently set its Marginal Cost of Funds Based Lending Rate (MCLR) at 9.65% for a tenor of one year. The new MCLR rates came into effect on April 1st 2016 and are applicable to all loans approved by the bank since that date.
The MCLR Rates set by Deutsche Bank are as follows:
|Loan Tenor||MCLR Rate|
A Home Loan EMI calculator gives you a detailed estimate of your Deutsche Bank home loan amortization schedule with a break-up of interest rates and monthly installments. When individuals think about investing on a home, they need to understand what expenses they would be incurring on a home loan and how much they could save with proper planning. BankBazaar’s home loan EMI calculators are designed to calculate your entire home loan expenditure with only a few inputs like loan tenure, loan amount, interest rates and processing fees. A home loan EMI calculator simplifies the laborious task of calculating the cost involved in a home loan in a matter of seconds.
Yes, Deutsche Bank customers have to pay up to 1% of the loan amount as administrative charges.
The bank requires borrowers to deposit the title deeds of the property to be financed as security for the loan and the property should be free from any encumbrance.
The spouse of a borrower can be considered as a co-applicant. Co-owners are also required to be co-applicants for the loan.
Yes, borrowers can get a Top-Up loan for personal commitments based on the value of the property financed and they can get the funds required with the same property as security.
No, Deutsche bank does not make it mandatory for customers to open savings accounts while applying for a home loan.