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Deutsche Bank Home Loan Details

Loan amountUp to 90% of Property Value
Rate of interest9.85% onwards
TenureUp to 20 years
Lowest EMI possibleRs. 955 Per Lakh
Processing fee1% of loan amount
Foreclosure ChargesNil for floating rates
Penal Interest Rate2% per month

You can also Apply for 20 Lakh Home Loan

Features and Benefits of Deutsche Bank Home Loan

The features and benefits of Deutsche Bank Home Loan are:

Purpose of the loan: The loan is provided for purchase/construction of a new house, purchase of a new flat, purchase of an old flat/house, repairs and renovation to the existing house, and home improvement.

Quantum of the loan: A loan up to 80% of the market value of the property or the project cost, whichever is lower, will be provided. However, the maximum quantum of the loan provided will be  15 Crores, depending upon the value and type of the property.

Interest Rate: Both fixed and floating rates of interest options are available. If the fixed rate of interest is opted, then the interest rate will be 9.85% p.a. Interest is charged on the daily outstanding balance. The cost of Home Loan Interest can be reduced if part-prepayments are done periodically, whenever there is the availability of surplus funds.

Repayment period: Flexible repayment period in the range of 5 years to 20 years is available.

Margin: Margin will be 20% of the market value of the property or the project cost, whichever is lower.

Processing charges: There are no processing charges. However, an administration charge of 1% of the loan amount will be collected.

Insurance: An exclusive insurance plan at a nominal premium will be provided to cover the loan liability. This will take care of the outstanding balance in the Home Loan in the case of any eventuality. The family members of the borrower will not have the burden of clearing the Home Loan liability.

Documentation: The documentation is simple and hassle-free, thus reducing the turn-around time for the loan processing.

Balance Transfer: There is an option for transferring the outstanding balance in the Home Loan account at other banks/financial institutions.

Additional Info: Also check DDA Housing Scheme

Deutsche Bank Home Loan Interest Rate

The interest rate for Deutsche Bank Home Loan varies between 9.85%. Below is the segregation of interest rates, depending on repayment tenure and type of interest:

Floating Rate of Interest:

  • Up to 5 years: 9.85%
  • More than 5 years and up to 10 years: 9.85%
  • More than 10 years: 9.85%

Fixed Rate of Interest:

  • Up to 3 years: 9.85%
  • Up to 5 years: 9.85%

Deutsche Bank Home Loan Processing Fee and Other Charges

Name of the ChargeAmount
Administration fee
Pre-payment/part-prepayment chargesNIL for a Home Loan with a floating rate of interest
 For Home Loans with a fixed rate of interest, part-prepayment charges at 2.50% of the amount to be prepaid and pre-closure charges at 2.50% of the outstanding loan amount will be collected.
Unsuccessful EMI payment 500
Conversion feeA charge up to 0.5% of the outstanding loan amount will be collected for re-pricing the loan.
Transaction fee 500
Default rate of interest24% per annum
ECS/NACH/PDC charges 500
Charges for retrieval of documents 500
Taxes & other government leviesAs applicable
Stamp dutyAs applicable

Eligibility for Deutsche Bank Home Loan

The following are the eligibility criteria for Deutsche Bank Home Loan:

  • Both salaried, as well as self-employed professionals, can apply
  • The age of the applicant should be minimum 23 years at the time of applying for the loan and not more than 65 years or retirement (whichever is earlier) at loan maturity.
  • The minimum gross annual income for both the salaried individuals and self- employed individuals/professionals is  Rs. 5 Lakhs.
  • The loan amount is decided on the basis of age, repayment capacity, the income of the applicant, qualification, assets and liabilities, savings history, number of dependents, and stability of employment/business.

Additional Info: Also check Home Loan Eligibility

Documents Required for Deutsche Bank Home Loan

The following documents have to be submitted for Deutsche Bank Home Loan:

Identity proof (a copy of any of the following) - For all applicants 

  • Valid Passport
  • Valid Driving Licence
  • Voter's ID
  • Aadhaar Card
  • PAN Card
  • Job Card issued by NREGA 

Address proof (a copy of any of the following) - For all applicants 

  • Valid Passport
  • Aadhaar Card
  • Valid Driving Licence
  • Voter's ID
  • Job Card issued by NREGA 

Income documents for salaried applicants 

  • Salary slip of last 3 months
  • Form 16 or ITR of the latest year
  • Salaried bank statement of last 6 months

Income documents for self-employed applicants

  • ITR of the last 2 years with computation of income
  • Audited profit & loss and balance sheet with annexures of last 2 years
  • Main current account bank statement of last 6 months

Additional Info: Also check Documents Required For Home Loan

How to Calculate the Deutsche Bank Home Loan EMI?

Equated Monthly Instalment (EMI) consists of both the interest and the principal component. On knowing the EMI, you can arrive at the nearest affordable amount by permutation and combinations with various loan tenure, interest rate, and loan amount.

The formula to calculate EMI is E = P x r x (1+r)n/(1+r)n-1

Here,

'E' means EMI  
'P' represents the principal amount  
'r' stands for the interest rate offered on a monthly basis  
'n' is the duration of the loan

You can use MyMoneyMantra's EMI Calculator for instant EMI calculation. All you need to do is open Deutsche Bank Home Loan EMI Calculator mentioned on our website under the Financial Tools tab and fill in the required details.

After calculating the EMI before applying for the loan, you have to check:

  • Check if the loan amount with the EMI will be sufficient to fund your project cost
  • Consider closing the credit card dues or loans with a low outstanding balance for which the regular EMI is being paid. This will reduce the existing monthly commitment and will increase the eligibility quantum for the Home Loan.
  • You should also consider the ratio of net take-home salary to gross salary after the inclusion of the proposed EMI.
  • The ratio should be within the acceptable level prescribed by the Bank.

Additional Info: Also check SBI Home Loan EMI Calculator

Deutsche Bank Home Loan Comparison with Other Lenders

LenderMaximum Loan AmountMaximum TenureInterest RateProcessing Fee
Deutsche BankUp to 90% of property cost20 years9.55%1% + applicable taxes
ICICI Bank Home LoanUp to 90% of property cost30 years7.60% - 8.45%0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST
HDFC LtdUp to 90% of property cost30 years7.55% - 8.05%Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes
Axis Bank Home LoanRs. 5 Crores30 years7.60% - 8.05%Up to 1%, minimum Rs.10,000
Kotak Mahindra Home Loan75% to 90 % of property value30 years7.50% - 8.10%O.5% to 2.0 % + GST 

Additional Info: You can also avail Navi Home Loan

Deutsche Bank Home Loan Customer Care

For any complaint or query, you can email at customer.care@db.com.

You can write to Deutsche Bank at the following address by regular post:

Customer Care - Banking

Deutsche Bank AG,

PO Box 9095,

Mumbai - 400 063

The bank will respond within 7 days of receiving your communication.

You can also call their 24/7 phone banking team at 1860 266 6601 for immediate assistance.

Additional Info: Also check AnyRoR Gujarat Land Record

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Best Value Home Loans

MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Home Loans up to 10 crore for housing loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply.

Deutsche Bank Home Loan FAQs

✅ What happens to the administrative charges if the loan is declined?

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In the event of the loan getting declined, an amount of  Rs. 2,000 or the fee paid by the borrower, whichever is lower, will be deducted as processing charges from the administrative fee collected, and the remaining amount will be refunded.

If the loan is approved, the administrative fee will not be refunded.

✅ Can a co-applicant be included for the Home Loan?

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The spouse can be the co-applicant for the Home Loan and the income of the spouse will be considered while arriving at the eligible loan quantum.

✅ Is opening an account mandatory to avail Home Loan from the bank?

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No, it is not mandatory to open an account with the bank to avail the Home Loan. However, to enjoy the benefit of the other services offered, the Bank encourages the opening of an account.

✅ What are the formalities to be completed for the loan to be disbursed?

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The loan will be disbursed only on the execution of the loan documents.

✅ Is there any tax benefit on availing the Home Loan from Deutsche Bank?

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You can claim a deduction of tax under Section 80C and 80CCE for the interest and principal component paid towards the loan.

✅ Define pre-EMI interest?

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When there is a part-disbursement of the loan, interest has to be paid only on the disbursed amount. The interest that has to be paid is the pre-EMI interest.

✅ Can a top-up loan be availed on the Home Loan?

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A top-up loan can be availed to meet various personal requirements depending on the value of the security offered to the Home Loan.

The top-up loan will be considered only after 12 months from the date of the first disbursement of the Home Loan. A top-up loan will be considered only if the repayment record of the Home Loan is satisfactory.

✅ What is the repayment tenure for the loan?

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The repayment period ranges from 5 years to 20 years.

✅ What does the amortization schedule denote?

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An amortization schedule will give the break up of the principal and interest component for the EMI scheduled to be collected for the entire repayment period.

✅ Will an IT certificate be issued separately for the borrower and the co-applicant?

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As per the IT rules, only one IT certificate has to be issued and so only one IT certificate will be issued in the name of both the borrower and the co-applicant.