DBS Bank Home Loan: Low-Interest Rates & Hassle-Free Process

DBS Home Loan Scheme

• Interest Rate: Starting from 8.65% p.a.
• Processing Fees: 0.25% to 1% of the sanctioned loan amount
• Loan Purpose: Ideal for purchasing or constructing a new home, buying a resale property, or even refinancing your existing housing loan.
• Features:
  • Hassle-free approval process with transparent charges.
  • Maximum loan amount of up to Rs.5 crore.
  • Option for a loan tenure of up to 240 EMIs.
  • Can be utilized for renovating flats or houses.
  • Enjoy attractive interest rates to make your dream home a reality.
  • Automated repayment through DBS Bank Savings Account, ensuring convenience.
  • Apply online for a seamless experience.

DBS Home Loan Against Property

• Interest Rate: Starting from 7.35% p.a.
• Processing Fees: 0.25% to 1% of the sanctioned loan amount
• Loan Purpose: Unlock the value of your property for financial needs.
• Features:
  • Flexible repayment options, allowing you to choose a plan that suits your financial situation.
  • Loan amount of up to 65% of the property’s value.
  • Secure your property while gaining access to funds for various purposes.
  • Transparent charges and a smooth approval process.
  • Enjoy competitive interest rates.
  • Automated repayment for a hassle-free experience.
  • Apply online for convenience.

DBS Bank Home Loan Balance Transfer

With our Home Loan Balance Transfer, you can seamlessly transition your current home loan to DBS Treasures and enjoy competitive interest rates. As a bonus, you’ll gain access to DBS Treasures’ premium banking services and privileges. Apply now and embark on a new era of financial freedom.

Key Features

Discover the outstanding features that come with a DBS Bank Home Loan Balance Transfer:

• Dedicated Assistance: Our experienced home loan specialists will guide you every step of the way, ensuring a smooth and hassle-free transfer process.
• Lower Processing Fees: Enjoy lower processing fees, up to INR 10,000/- plus applicable taxes.
• Flexible Tenure: Tailor your repayment schedule to match your preferences with a flexible tenure of up to 25 years.
• Lower EMIs: Experience the freedom of lower Equated Monthly Installments (EMIs) with our attractive interest rates, enabling you to manage your finances more efficiently.
• Transparency: We prioritize transparency in our dealings. You’ll experience complete clarity on charges before, during, and after the loan application process.
• Top-Up Loan Option: While transferring your existing home loan, you can also request a top-up loan to meet additional financial needs.

Eligibility and Documents Required

To initiate your Home Loan Balance Transfer application, you’ll need to provide the following documents for all applicants/co-applicants, along with a duly completed and signed application form:

Important Documents:

• Current outstanding balance letter from your existing financial institution
• Proof of your contribution towards the property purchase (apart from the loan)
• Employment contract or appointment letter (for employment less than 1-year-old)
• Professional qualification certificate for self-employed professionals
• Proof of timely repayment of other ongoing loans for the last 6 months
• Passport-size photographs for all applicants, affixed on the application form with a signature across the photograph and form
• Processing fee cheque favouring DBS Bank India Limited – Name of the Applicant

DBS Bank NRI Home Loan

DBS Bank’s NRI Home Loan offers a convenient and flexible solution for Non-Resident Indians (NRIs) looking to invest in Indian properties. Whether you’re interested in purchasing a new property, a pre-owned one, or an under-construction project, DBS Bank provides you with a range of benefits including competitive interest rates, easy EMIs, and flexible tenures.

Features and Benefits:

• Property Purchase: DBS Bank NRI Home Loan allows financing for fresh, resale, or under construction properties. Balance transfer option is available from existing high-cost housing loans to DBS Treasures.
• Pre-Approval: Gain the advantage of obtaining loan approval even before selecting a property, providing you with a clear understanding of your budget.
• Convenient EMI Repayment: Simplify repayment by setting up standing instructions to pay home loan EMIs directly from your DBS Treasures NRI Savings Account, eliminating the need for managing multiple post-dated cheques.
• Competitive Interest Rates: DBS Treasures offers attractive interest rates tailored to your requirements. Transparent dealings with all charges mentioned upfront when providing a loan quote.

Documents Required:

To apply for a DBS Bank NRI Home Loan, you’ll need to provide the following documents:

• Last 3 months’ salary slips.
• Last 6 months’ overseas bank statement, in which your salary is credited.
• Latest 6 months NRE/NRO bank statement from India.
• Latest 2 years income tax return. If you have been working with the same company for more than two years, one year’s income tax return is sufficient.
• For balance transfers, provide the sanction letter and loan account statement of the existing loan.
• For property purchases, include the draft agreement.
• Latest overseas credit bureau report.
• HR confirmation letter specifying your designation, gross salary, present address, contact number, and date of joining.
• Work Permit or CDC (Continuous Discharge Certificate) if applicable.
• All pages of your passport for both applicants and co-applicants, along with a valid work VISA or residence permit.
• PAN Card for both the applicant and co-applicant.
• 2 recent photographs attached to the application form.
• All documents related to the property, including a chain of all existing agreements, copy of Share Certificate (front & back), and occupancy certificate or approved plan & CC (Commencement Certificate).

DBS Bank’s NRI Home Loan ensures a hassle-free process to make your dream of owning property in India a reality. Enjoy the convenience, transparency, and competitive rates that come with DBS Bank’s NRI home financing solutions.