DBS Bank Home Loan

Home Home Loan DBS Bank Home Loan

About DBS Bank

DBS earlier known as 'The Development Bank of Singapore Limited' is Asia's leading multinational banking and financial services group. The bank is headquartered in Singapore and was founded by Singapore government in 1968 to take over the industrial financing activities. The bank has an edge in offering financial services including consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund- raising across Singapore and Hong Kong.

The bank has been honoured with an award of Best Digital Bank in the world in 2016 by Euromoney. With this, the bank has a wide network of more than 250 branches across 50 cities.    

About DBS Bank Home Loan

DBS Bank is one of the leading banks that offer a home loan at an attractive rate of interest. A Home Loan from DBS Bank can be availed for buying a ready-made property or under construction property.

DBS Bank Home Loan

 

   Loan Amount

Amount ranges from 11 Lakhs to 5 Crores (Amount varies based on the loan eligibility of an applicant)

   Loan Tenure

Flexible Loan Tenure up to 20 years

   Loan To Value (LTV)

Up to 80% of the property value (Varies based on the location and other eligibility factors)

   Purpose of a Home Loan from DBS Bank

  • Purchase of a new readymade property
  • For constructing a residential property
  • For home extension and improvement

 

   Loan Turnaround Period

15 Days from filing the loan application

   Cities where the Home Loan is offered

Delhi, Pune, Mumbai, Bengaluru and Chennai

   Processing Fee

Ranges from 0.25% to 1% of the loan amount

   Who can apply?

  • Salaried Employees
  • Self-employed Professionals and Business Men

   Repayment Options

  • Standing instruction
  • ECS (Electronic Clearance System)

   Home Loan Top-Up

Top-up facility available after 6 months of the loan disbursement

   Pre-payment

  • Floating Rate of Interest: NIL charges
  • Fixed Rate of Interest: Up to 2.5% + taxes (If the pre-payment is more than 25% of the principal amount in a financial year)

   Foreclosure Charges

  • Floating Rate of Interest: NIL charges
  • Fixed Rate of Interest: Up to 2% + taxes (If the pre-payment is more than 25% of the principal amount in a financial year)

 

DBS Bank Home Loan Features and Benefits

Home Loan from DBS Bank offers several features and benefits that are mentioned below:

Attractive interest rates: The bank offers a home loan at the attractive rate of interest starting from 8.25% for salaried individuals.

Quick turnaround period: DBS Bank disburses a home loan into your account within 15 days of the loan approval.

High Home Loan Amount: The borrower can take a minimum home loan of 20 Lakhs that can go up to 5 Crores.

High LTV (Loan To Value): The Loan to Value could go up to 80% of the property value. However, it may vary depending on the location and valuation of the property. 

Calculation of interest: DBS Bank calculates interest by using reducing balance method.

Insurance of Property: The borrower is required to furnish the insurance papers of the property at the time of applying for a home loan from DBS Bank.

 

Home Loan

DBS Bank Home Loan Eligibility

The eligibility criteria for applying for a home loan from DBS Bank are mentioned below:

Age: The minimum age for a salaried employee and self-employed professionals for applying for a home loan is 21 years and above.

Income: The borrower should have a regular source of income for the loan repayment.

Approval property and project: The property being purchased should be approved under the program of the bank. Complete due diligence will be done by the bank.

DBS Bank Home Loan Documentation

The following documents are required for applying for a home loan for DBS Bank:

List of documents

Salaried employees

Self-employed

   Photo identity proof

Anyone of the following:

  • Aadhar card
  • valid passport
  • PAN card
  • voter ID card
  • valid driving license
  • Job ID card by NREGA signed by central or central govt.

 

Anyone of the following:

  • Aadhar card
  • valid passport
  • PAN card
  • voter ID card
  • valid driving license
  • Job ID card by NREGA signed by central or central govt.

 

   Address Proof

Anyone of the following:

  • Aadhar card
  • valid passport
  • PAN card
  • voter ID card
  • valid driving license
  • Job ID card by NREGA signed by central or central govt.

 

Anyone of the following:

  • Aadhar card
  • valid passport
  • PAN card
  • voter ID card
  • valid driving license
  • job ID card by NREGA signed by central or central govt.

 

   Signature Proof

Anyone of the following:

  • valid passport
  • Bank's certificate
  • driving license
  • PAN card

Anyone of the following:

  • valid passport
  • Bank's certificate
  • driving license
  • PAN card

   Age proof

Any of above-mentioned documents or Birth Certificate

Any of above-mentioned documents or Birth Certificate

   Financial documents

  • Salary slips of last 3 months
  • Form 16 issued by your employer
  • Certification by HR reflecting all allowances and reimbursements (if there are any)
  • Bank statement of last 6 months
  • Details of existing loan or loan closure letter
  • ITR of last 2 years
  • P & L statement and balance sheet of last 2 years (signed by CA)
  • Proof of business continuity of last 3 years
  • Bank statement of last 6 months
  • Note including brief details about nature of a business, the form of organization, clients and suppliers etc.

  • Interest Rate 8.35% - %
  • Loan Amount 20L - 5Cr
  • Processing Fee 11500 - 0.25%
  • Tenure25 Years

  • Quick Apply

DBS Bank Home Loan Fees and Charges

The borrower has to pay certain charges that are mentioned below:

Fee Type

 

   Processing Fee

Ranges from 0.25% to 1% of the loan amount

   Foreclosure Charges

  • Nil (In case of floating ROI)
  • 2.5% of the principal loan amount (In case the loan amount is more than 25% of the opening principal amount and Fixed ROI)

   Pre-payment Charges

  • Nil (In case of floating ROI)
  • 2% of the principal loan amount (In case the loan amount is more than 25% of the opening principal amount and Fixed ROI)

Other Available products from DBS Bank Home Loan

  • Home Loan Balance Transfer
  • Loan Against Transfer

EMI CALCULATOR

EMI Calculator

EMI Calculator

Loan EMI

Total Interest Payable

Total of Payments
(Principal + Interest)