DBS Bank Home Loan Interest Rate
Interest Rate

Starting @ %

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Processing Fee


Loan Tenure

- years

Lowest EMI Per Lakh

₹  for years

Prepayment Charges

Nil charges for floating rates loans

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About DBS Bank

DBS Bank is a Singapore-based bank having a presence in many countries in Asia and globally as well. This global bank has 21 branches in select cities in India. DBS Bank offers a variety of customer-friendly services such as Home Loans, loan against property and refinance loans. The bank is renowned for paying the highest rates of interest on savings accounts. With effect from September 16, 2019, DBS Bank pays 7% interest on savings accounts having balances above 1 Lakh and up to an amount of 2 Lakhs. Thus, DBS Bank qualifies as one of the best bans for elite customers.

About DBS Bank Home Loan

DBS Bank Home Loans pack in a lot of punch as they cater to elite customers. The bank offers a variety of Home Loan schemes for first-time homebuyers as well as those changing homes. One of the positive aspects of a DBS Bank Home Loan is that the bank approves construction projects in advance by ensuring proper due diligence. It spares you the legal hassles of verifying the genuineness of title of the property. Other attractive features of the DBS Home Loan are its attractive rates of interest and ease of processing.

DBS Home Loan - Features and Benefits

  • Purpose of loan: DBS Bank has Home Loan products for purchasing readymade and under-construction properties. The bank provides you with the option of buying a property from bank-approved builders and developers. Approved projects ensure there are no issues with the title to the property, thereby enhancing the comfort and convenience factor.
  • Exciting rates of interest: DBS Bank Home Loans cater to all requirements such as the construction of the house to repairs and renovations. The bank offers attractive interest rates that are not only competitive but also reasonable.
  • Quantum of the loan: DBS Bank caters to a vast clientele ranging from the middle-income group to the elite. Hence, you have Home Loans up to 5 Crores to suit your requirements. Therefore, DBS Bank should be an ideal location for realising your dreams of building your dream home.
  • Flexibility in repayment: DBS Bank offers flexible loan repayment tenures extending up to 20 years. Therefore, it can also help in enhancing your overall eligibility.
  • Loan to value ratio: DBS Bank finances up to 80% of the cost of the project. Therefore, for a loan of 25 Lakhs, the borrower needs to invest 5 Lakhs, whereby DBS Bank finances the remaining 80% of the project cost.
  • Tranche-based EMI option: The regular EMI of your DBS Bank Home Loan commences only after the full disbursement of the loan. The borrower has the facility of repaying the interest portion alone during the construction period. Hence, it is effectively a simple interest loan up to the date of disbursement of the final instalment of the loan. This facility is useful when you opt to purchase a property under construction.
  • NRI finance available: Non-resident Indians can also purchase property in India. They can approach the DBS Bank offices in select countries.

DBS Bank Home Loan - Interest Rate

DBS Bank follows the MCLR concept for deciding the Home Loan interest rates for its customers. The MCLR is a market-rate linked reference rate that depends on several internal factors, as well. This concept is in force in India since April 01, 2016. All loans sanctioned after this date subscribe to the MCLR concept.

DBS Bank has adopted the MCLR system of pricing its Home Loans. This rate represents the rupee lending rate for DBS Bank in India.

DBS Bank announces its MCLR every month, as per RBI directives. However, the actual lending rates depend on other factors. The bank loads the premium over the MCLR rate while determining the rate of interest applicable to a particular Home Loan account.

DBS Bank has announced its latest MCLR with effect from September 07, 2019.

Tenor Overnight MCLR 1M-MCLR 3M-MCLR 6M-MCLR 12M-MCLR







The pricing grid for DBS Home Loans and Loans against property is as listed below:

Home Loan or Home Loan Takeover Accounts

All loan slabs without a flexi-account facility

3M-MCLR to 3M-MCLR + 0.80

8.25% to 9.05%

All loan slabs with flexi-account facility

3M-MCLR to 3M-MCLR + 0.95

8.25% to 9.20%

Loan against Property or Balance Takeover of Property Loan

Without Flexi account facility

3M-MCLR to 3M-MCLR + 3.25

8.25% to 11.50%

With Flexi account facility

3M-MCLR to 3M-MCLR + 3.40

8.25% to 11.65%

DBS Bank Home Loan Interest Rate - Points to Note

  • DBS Bank refers to the 3M MCLR for pricing its Home Loans
  • DBS Bank has three types of interest structures:
    • Fixed-rate structure: The rate of interest remains fixed for the entire tenure of the loan
    • Floating rate structure: The rate goes up and down along with a change in the MCLR
    • Hybrid rate structure: The rate of interest remains fixed for a specific period following which it converts to a floating rate structure.
  • The individual pricing depends on several other factors:
    • Amount of loan availed by the borrower
    • The type of facility (flexi or non-flexi)
    • The customer segments
    • Internal risk assessment of the borrower
  • The pricing will be within the range mentioned above
  • DBS Bank will announce its MCLR at regular intervals. The pricing will also undergo periodic review.
  • Before the concept of MCLR, DBS Bank was following the Base Rate Structure. The conversion from Base Rate to the MCLR concept is permissible on the payment of conversion charges.

DBS Bank Home Loan - How to Apply

  • Apply online through the official website of DBS Bank
  • Approach any branch of DBS Bank in your city and apply in person

Through MyMoneyMantra

MyMoneyMantra provides you with the facility of applying for DBS Bank Home Loan from the MyMoneyMantra website.

The advantages of doing so are many:

  • You get the option of comparing different Home Loan products on a single page
  • MyMoneyMantra has loan executives to guide you through the loan application process
  • The best aspect of it all is that these services are available free of cost

DBS Bank Home Loan - EMI Calculation

DBS Bank website has an EMI Calculator on its website. Prospective borrowers can check their eligibility before applying for the Home Loan. The EMI Calculator enables borrowers to calculate their EMI for various repayment tenures.

The customer has to enter the following details to get the EMI:

  • The prospective loan amounts
  • The rate of interest
  • The loan repayment tenure

MyMoneyMantra has a similar EMI Calculator on its website. It helps you determine your loan EMI. The calculator also gives you a break-up of the principal and interest component of your repayments over the entire loan tenure.

DBS Bank Home Loan - Methods of Repayment

DBS Bank allows you to repay your Home Loan instalment in various ways.

 DBS Bank customers have the following options:

  • Submitting PDCs in advance
  • Setting up a Standing Instruction on the savings account for debiting your loan instalment
  • Using internet banking to transfer funds from your savings accounts to your Home Loan account

 Other customers have these options in front of them:

  • Submit PDCs in advance. However, you should note to replenish the cheques on exhaustion
  • Register an ECS mandate for recovery of your loan instalment
  • Remit funds through NEFT/RTGS/IMPS from your bank account using internet banking

DBS Bank Home Loan Interest Rate Calculation

DBS Bank calculates your Home Loan interest on the daily reducing balance methodology. This mode of calculation of interest is the ideal one.

DBS Bank Home Loan - Service Charges

One of the salient features of DBS Bank Home Loan is the transparency of interest and service charges. The bank revises its services charges at regular intervals. Customers can refer to the DBS Bank website for the latest service charges.

Nature of Charges Amount of charges Points to note

Processing fees

Up to 10,000


Annual Fees


Applicable for flexi loans only

Cheque bouncing charges



Document retrieval



Statement of account



No Due Certificate/NOC



Stamp duty

As per actuals

Depends on State Stamp Laws

Interest in default in payments


Applicable in case of non-payment of loan instalment on time.

Switch fees

Up to 5,000

Applicable for switching from a floating interest rate loan to a fixed structure and vice versa.

Conversion fees

Up to 1%

On conversion from a regular Home Loan to a Flexi loan.

Re-pricing fee

Up to 5,000

Allowed on borrower request at the discretion of the bank.

Part-payment fees

Floating Rate Home Loans



Fixed-Rate or Hybrid rate Home Loans


Up to 25% of the principal amount - Nil

More than 25% - 2.50%

Foreclosure charges

Floating Rate Home Loans



Fixed-rate or Hybrid rate Home Loans



DBS Bank Home Loans - Frequently Asked Questions

Does DBS Bank offer a fixed-rate or floating rate Home Loan?

Customers have a choice among three types of Home Loans:

  • A fixed-rate of interest: The interest rate remains fixed for the entire tenure of the loan
  • Floating rate of interest: The rate of interest is linked to the MCLR, whereby it moves along with the market rates.
  • Hybrid rate: The rate of interest remains fixed for a specific period following which it converts to a floating rate of interest.

What is the flexi Home Loan facility with DBS Bank?

Flexi loan facility is a unique facility that helps you to save considerable interest on the Home Loan. The borrower opens a current account known as Flexi account and links it with the Home Loan account. DBS Bank transfers the balance outstanding in the current account to the Home Loan account at the end of every day to reduce the interest burden. It is an effective way of parking funds in an interest-bearing account.

When does the floating rate of interest on Home Loan change in DBS Bank?

DBS Bank announces its MCLR every month. However, the rate of interest on the Home Loan does not change with every change in the MCLR. The Home Loan interest rate is reset on the 7th day of every quarter. The rate remains the same for the entire quarter until the next reset date.

Is there a concept of servicing the Pre-EMI in DBS Bank?

The Pre-EMI concept comes into effect in the case of Home Loans availed for construction of the property. The disbursement of the loan is in instalments. Hence, DBS stipulates the payment of a Pre EMI every month equal to the amount of interest for the previous month. The regular EMI starts from the month following the date of the last disbursement.

Is insurance of the property compulsory in the DBS Home Loan?

Yes, it is mandatory to insure the property with bank clause. The borrower is responsible for keeping the property insured against all kinds of risks like earthquakes, tsunamis, floods, and fire.

Can I switch over from a fixed rate to a floating rate structure?

Yes, DBS Bank permits the switch over from a fixed-rate structure to a floating rate interest structure by paying a conversion fee. The vice versa is also permissible.

Can I change over to a flexi loan from a regular Home Loan?

Yes, it is possible to convert from a conventional Home Loan to a flexi loan provided you satisfy the conditions of a flexi Home Loan.

Does DBS Bank provide loans under PMAY?

No, DBS Bank does not provide loans under PMAY.

Has DBS Bank switched over to the RLLR structure?

No, DBS Bank has not announced any loan product linked to RLLR. As on date, it follows the MCLR structure. It may switch to an external benchmark rate in the future. At present, there is no such plan to do so.

Apart from housing loans, what kind of loans does DBS Bank provide in India?

Besides the Home Loan, DSB Bank provides Loan against property. This loan is available as a regular loan as well as a flexi loan. 

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