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  • DBS Home Loan Interest Rate

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  • DBS offers home loans at competitive rates with longer tenures. Minimal documentation, flexible repayment options make them one of the most preferred banks. Read more for the current interest rates and eligibility criteria to avail home loan.
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    9.65% p.a.
    ** Available in Floating Rate
    Loan Amount Rs.11 Lakh – Rs.5 Crore
    EMI Per Lakh Rs.942

    DBS Bank India Limited offers home loan interest rate @ 9.65% p.a. to its customers with a minimium processing fee of 0.25% of loan amount. Avail DBS home loan for the purpose of Ready or Under construction property, Balanace transfer and Regular home loan.

    DBS Home Loan Details

    Rate of Interest 9.65% - 9.80% p.a.
    Interest Type Floating
    Minimum Income Rs.11 Lakh
    Max. Loan Amount Rs.5 Crore
    Loan Term (in Years) 20
    Processing Fee 0.25% - 1% (up to Rs.10,000)
    Occupation Salaried/Self-Employed
    Residency type Residential

    DBS Home Loan Schemes

    DBS has designed different types of home loans to fulfill specific needs of its customers. These include regular home loan, loan against property, and refinance loan.

    DBS Home Loan

    Interest Rate Without Flexi Account: Up to 9.65% p.a. With Flexi Account: Up to 9.80% p.a.
    Loan Term Min. 12 Months and Max. 20 years
    Interest Type Floating
    Processing Fee Up to Rs.10,000
    Pre-Payment Charges NIL for Floating Rate of Interest
    Home Loan Applicant Salaried/Self-employed
    Home Loan Amount Min. Rs.11 Lakh and Max. Rs.5 Crore
    LTV Up to 80% of the property value

    DBS Loan Against Property

    Interest Rate Without Flexi Account: Up to 12.10% p.a. With Flexi Account: Up to 12.25% p.a.
    Interest Type Floating
    Loan Term Up to 10 years
    Processing Fee Up to Rs.10,000
    Pre-Payment Charges NIL for Floating Rate of Interest
    Home Loan Applicant Salaried/Self-employed
    Home Loan Amount Up to Rs.3 Crore
    LTV Up to 65%

    DBS Refinance Loan

    Interest Rate Without Flexi Account: Up to 9.65% p.a. With Flexi Account: Up to 9.80% p.a.
    Interest Type Floating
    Processing Fee Up to Rs.10,000
    Loan Term As per bank’s terms
    Pre-Payment Charges NIL for Floating Rate of Interest
    Home Loan Applicant Salaried/Self-employed
    Home Loan Amount Up to Rs.3 Crore
    LTV Up to 65%

    Factors affecting DBS Interest Rate

    There are a few important factors affecting DBS interest rates, thereby impacting the effective rate of interest you pay on your home loan. Here are a few of them:

    • DBS MCLR: Home loans offered by DBS are linked to MCLR (Marginal Cost of Funds based Lending Rate). Under this method, the reset date is every quarter on the 7th working day of the month. Your interest rate will change based on the change in this rate. The current MCLR of DBS is 8.85% subject to change by the bank. 
    • Mark Up or Spread: The Mark Up rate is over and above MCLR fixed by DBS, together they become the effective interest rate. Several factors influence the Mark Up rate such as the occupation, LTV (Loan-to-Value) ratio, loan amount, etc. 
    • Loan Amount: While DBS has set the home loan interest rate, they are subject to the loan amount extended by the bank. Interest rates can vary depending on the loan amount. 
    • LTV (Loan-to-Value) Ratio: LTV ratio is the difference between the property value and the loan amount. Currently, DBS is offering home loans up to 80% of the property value and 65% in case of a loan on the property. 
    • Salaried/Self-Employed: Your occupation plays an important role in determining the home loan interest rates. Usually, the interest rate offered to a self-employed individual is higher than the rate offered to a salaried individual. 

    DBS Home Loan EMI Calculator

    The DBS home loan EMI calculator is an effective tool to learn about the EMI (Equated Monthly Instalment) which is calculated based on the loan amount, interest rate, and tenure. You can choose to change the details to further understand the total repayment amount and the monthly outflow of your income towards the payment of the home loan.

    DBS Home Loan Other Fees & Charges

    While availing a home loan with DBS, the bank levies fees and charges such as processing fees, switch/conversion/re-pricing of interest rate fees, part and foreclosure charges, and other banking charges.

    FAQs

    1. What are the types of home loan interest rates offered by DBS?
    2. DBS offers a floating rate of interest on its home loans, loan takeover, and loan against property. A floating rate of interest fluctuates depending on the bank’s revision of base rate or MCLR.

    3. How is the home loan interest rate calculated by DBS?
    4. DBS calculates the effective interest rate on a daily reducing balance and is charged with monthly rests.

    5. What is MCLR and what is DBS’ current MCLR?
    6. MCLR or Marginal Cost of Funds based Lending Rate is the benchmark rate below which banks cannot lend loans to its customers who are applying for an MCLR-linked home loan. At present, DBS MCLR is 8.85%.

      

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    DBS Home Loan Interest Rate Reviews

    • DBS Bank Home Loan
      "Waste of time due to unrealistic response"
      0.5 1.0/5 "Really Bad"
      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...
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 17, 2018
    • DBS Bank
      DBS Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jul 10, 2018
    • DBS Bank Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 09, 2018
    • DBS Bank Home Loan
      "They have to reduce the interest rate"
      0.5 1.0/5 "Really Bad"
      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? 0
      , bangalore
      Reviewed on Jul 09, 2018
    • DBS Bank Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      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? 0
      , new delhi
      Reviewed on Jul 06, 2018
    • DBS Bank Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 1
      , new delhi
      Reviewed on Feb 14, 2018
    • DBS Bank Home Loan
      "Good "
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 0
      , pune
      Reviewed on Feb 02, 2018
    • DBS Bank Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      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 .
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 29, 2017
    • DBS Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      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? 1
      , mumbai
      Reviewed on Dec 22, 2017
    • DBS Bank Home Loan
      "Good One"
      0.5 4.0/5 "Great!"
      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 .
      Was this review helpful? 2
      , mumbai
      Reviewed on Dec 14, 2017
    • DBS Bank Home Loan
      "Outstanding"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 23, 2017
    • DBS Bank Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      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? 0
      , bangalore
      Reviewed on Nov 22, 2017
    • DBS Bank Home Loan
      "Customer oriented"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 02, 2017
    • DBS Bank Home Loan
      "Looking for the better offer"
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 21, 2017
    • DBS Bank Home Loan
      "not bad"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 11, 2017
    • DBS Bank Home Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      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? 0
      , gurgaon
      Reviewed on Oct 09, 2017
    • DBS Bank Home Loan
      "good service"
      0.5 4.0/5 "Great!"
      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? 0
      , bangalore
      Reviewed on Oct 05, 2017
    • DBS Bank Home Loan
      "satisfied"
      0.5 4.0/5 "Great!"
      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? 0
      , bangalore
      Reviewed on Oct 05, 2017
    • DBS Bank Home Loan
      "Goor experience"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 05, 2017
    • DBS Bank Home Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 28, 2017
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