Under the Deutsche Bank home loan scheme the bank disburses a maximum of 80% of the cost of the property as loan. Maximum loan amount is Rs. 5.00 Crore according to the repayment capacity of the customer. Deutsche Bank home loan interest rate is competitive which attracts many customers.

Deutsche Bank Home Loan Interest Rate:

Deutsche Bank home loan rate offered is variable at different amounts of loan disbursed.

Deutsche Bank home loan rate for Rs. 5 lakh to 30 lakh is 9%.

Deutsche Bank home loan rate for a loan amount of over Rs. 30 lakh  is 9.5%

Deutsche Bank home loan rate for fixed interest rate is 11%.

Deutsche Bank home loan interest rate is 8.75% for floating interest rate.

Deutsche Bank Home Loan Criteria:

Deutsche Bank Home Loan Eligibility Criteria For Salaried People:

As per the Deutsche Bank home loan review the maximum age at the time of application of the loan should be 65 years. Deutsche Bank home loan applicant should have a salary certificate. As per the Deutsche Bank home loan eligibility a salaried customer should have at least been in service for 2 years for loans unto 1 crore and 4 years for loan above 1 crore.

Deutsche Bank Home Loan Eligibility Criteria For Self Employed:

Deutsche Bank home loan review shows the self employed person has to show proof of income. Deutsche Bank home loan self employed applicant needs proof of experience As per the Deutsche Bank home loan eligibility an applicant should have 2 years of minimum work experience for loan up to 1 crore and 5 years for loan more than 1 crore.

Criterion's and documents required for salaried and self employed

Common Documents for Deutsche Bank Home Loan Customers

Duly Filled Application Form

Sale Agreement Copy of House / Flat

Co- operative or societies membership proof

Valuation report for construction/Estimate of construction from bank approved Engineer / Lawyer

Deutsche Bank Home Loan Documents for Salaried People

Salary Certificate as an income proof

Deutsche Bank Home Loan Documents for Self Employed

Proof of income

Proof of experience for professionals or self employed

Procedure And Options To Apply For The Loan:

The customer needs to submit duly filled form and attach related documents and submit it to the bank authorities for processing. The form is available at the branches or can be downloaded from the official website of the bank.

Maximum And Minimum Tenor Of The Loan:

According to the Deutsche Bank Home Loan review the loan is provided for a maximum period of 20 years in case of payment in equated monthly installments.

What would be the repayment options/facilities?

The customer can pay back his loan in equated monthly installments.

Pre Closure Process: In case a customer of Deutsche Bank home loan wishes to close his loan before the agreed period or term is termed as pre closure. In this case the bank charges a 2.5% penalty on the amount outstanding case if the loan is being taken over by any other financial institution  or is being paid back through own resources. If Pre closure is in the last 12 months of the tenure the pre closure charges are 2%.

Tax Benefits: One can get tax benefits on the principal and the interest paid according to the Income Tax Act 1961 which varies yearly according to the changes made by the Government.