DBS Bank is a leading financial institution headquartered in Singapore that offers numerous financing options, including a home loan. A home loan is a great way to get your dream house without depleting your savings.
In fact, DBS Bank Home Loan comes with competitive interest rates and simple eligibility criteria with an easy application process. Continue reading to know more about the DBS Housing Loan rate and other essential details, including the DBS Housing Loan eligibility criteria.
The DBS Bank Home Loan interest rate and charges are as follows:
Loan Amount |
Up to ₹5 Crores |
Loan Tenure |
Up to 300 months (25 years) |
Interest Rate |
10.20% p.a. onwards |
Processing Fees |
Up to ₹10,000 |
Prepayment Charges |
Nil |
Disclaimer: DBS Home Loan details mentioned above are subject to change at the lender’s discretion.
Knowing the different offers in the market is crucial to borrowing smartly. This helps you identify the best option for you. To that end, here are the offers by lenders on Bajaj Markets.
Home Loan Providers |
Interest Rates |
8.50% p.a. onwards |
|
9.50% p.a. onwards |
|
9.00% p.a. onwards |
|
8.65% p.a. onwards |
|
8.50% p.a. onwards |
|
11.50% p.a. onwards |
|
10.90% p.a. onwards |
|
8.50% p.a. onwards |
Disclaimer: Above-mentioned rates are subject to change at the lender’s discretion.
Year | Principal | Interest | Balance |
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A home loan EMI calculator is a great way to know your monthly repayment amount in advance. Like other home loan EMI calculators, the DBS Bank EMI Calculator for a home loan gives you an estimate of your EMI based on your loan terms.
With this estimate, you can choose the best terms and enjoy a stress-free borrowing as well repayment experience. To use the calculator, all you need is the DBS Housing Loan interest rate, tenure, and amount.
The DBS Home Loan documents required for all applicants are as follows:
Identification (ID) proof documents
Address proof documents
Income proof documents
Property documents - It is mandatory for the applicant to be the registered owner of the property
To meet the DBS Bank Home Loan eligibility criteria, you must fall in any one of following categories:
Indian citizens
HUF (Hindu Undivided Family)
Limited Liability Partnerships (LLPs) incorporated in India
Partnership firms (all partners should be Indian citizens)
Sole proprietorship (Indian citizen)
Indian registered societies
Indian Trusts formed/ constituted
NRIs (Non-resident Indians)
PIOs (Persons of Indian origin)
Currently, DBS offers two types of home loan schemes other than the regular home loan scheme. These two schemes are:
A secured financing option, the funding you receive from this scheme can be put towards various needs, both personal and business. Generally offered at a lower interest rate than unsecured loans, this loan can give you 65% of the home value as a loan.
Under this scheme, you get the option to transfer your home balance from another lender to DBS. Balance transfers are generally offered with a reduced interest rate, making your repayment cost-effective and easy.
To apply for the DBS Bank Home Loan online, follow these simple steps.
Visit the official DBS Bank Home Loan webpage
Click on the “Apply Now” button
Fill the simple online form with basic information
Tick the box, giving consent to the lender to contact you and click on “Apply Now”
Proceed with the online loan application process and submit the documents
DBS Bank provides customer care services to assist its customers with their banking needs. You can reach out to DBS Bank's customer care at their email (customercareindia@dbs.com) or call the following numbers:
If calling from India - 1800 209 4555/1860 267 1234
If calling from Singapore - 800 852 6186
If calling from outside India and Singapore - +91 44 6685 4555
Yes, the bank typically checks the credit score and credit history of applicants through CIBIL as part of the home loan application process.
The maximum loan tenure for a home loan under DBS Bank may vary depending on the specific product and terms offered by the bank.
Yes, DBS Bank may allow you to transfer your existing home loan from another bank to DBS Bank. This, however, will be subject to the DBS Home Loan eligibility criteria, terms and conditions, and approval process.
Yes, you can combine the income of your spouse with yours and apply for a joint from DBS Bank Home Loan. This can help increase your loan eligibility and jointly share the responsibility of repaying the loan.
No, DBS House Loan rates do not depend on external factors such as the repo rate for calculating interest on its home loans. In fact, they depend on the bank’s internal cost of lending, known as the MCLR (Marginal Cost of Funds Based Lending Rate).
You can repay your DBS Bank Home Loan through EMIs. The EMIs can be paid through post-dated cheques, Electronic Clearing Services (ECS), or other approved methods as per DBS Bank's policies.
The maximum home loan amount offered by the bank is ₹5 Crores.