Everything You Need to Know About DCB Bank Home Loan

Regardless of whether you are searching for a property, or wish to develop your own home, you could maybe consider DCB Home Loans. The product maybe new to many but the bank has been one of the most demanding banks. You can check the features, eligibility criteria and charges for DCB home loan.

DCB home loan features

• Adaptable reimbursement residency as long as 25 years.
• Low interest rates on DCB bank home loan
• Special DCB home loan for existing clients
• A committed stage to answer every one of your questions.
• Hassle free documentation process
• Part prepayment and full prepayment permitted

DCB Home Loan can be considered for following reason

• Buy of under development property.
• Buy of prepared to-move property.

DCB Home Loan Eligibility

Following are the criteria for applying for a home credit:

For the salaried

You are qualified for a DCB Home Loan on the off chance that you fulfill the accompanying criteria:

• You are something like 23 years old at the season of advance application
• You should have a work understanding of something like 2 years
• You should show a steady business history and reliable salary.

For the self-employed

You are qualified for a DCB Home Loan in the event that you fulfill the accompanying criteria:

• You are at least 25 years at the season of credit application
• Your base yearly overall gain post-charge is over Rs. 5 lakh

DCB Bank home loan documents

Many home loan applications get rejected because people either fail to submit all the documents or submit improper documents. So, to avoid such scenario, you must look at the list of documents required for DCB home loan. The list is a bit different for salaried and self-employed applicants.

For Salaried Applicants:

• Duly filled application form with self-attested photograph
• Identity Proof – Passport, Driving licence, Voter ID or Aadhar Card
• Age Proof – PAN card, passport, Mark sheet with date of birth or birth certificate
• Residence Proof – Aadhar card, Voter ID, passport or driving licence
• Salary slip for the latest 3 months
• Form 16
• Copy of title documents
• Bank statement for the last 6 months
• Processing fee cheque

For self-employed applicants:

• Completely filled application form with a self-attested photograph
• Age Proof – PAN card, passport, birth certificate or Mark sheet with date of birth
• Residence Proof – Aadhar card, Voter ID, driving licence or passport
• Identity Proof – Passport, Driving licence, Aadhar card or Voter ID
• Proof of business existence and for number of years in business
• Income Tax Returns for 2 years
• Tax Returns with financial statements
• Processing fee cheque
• Copy of title documents
• Bank statements for the individual and the business for the last 6 months

On the basis of above details, you might be able to understand that DCB bank home loan is reachable if you match the eligibility criteria and have all the documents. In case of those who have a credit history, people may negotiate on rates if the credit score is good. But those who have a poor credit score or defaulters might not be able to get approval. So, you will need to check this with the bank before applying otherwise rejection of your loan application may further reduce your credit score.