DCB Bank Home Loan Eligibility Criteria
Before you move ahead, it's important to understand the basic eligibility requirements to check eligibility and plan confidently.
| Eligibility Factor |
Details |
| Applicant Type |
Salaried persons, self-employed individuals, professionals |
| Minimum Age |
21 years |
| Maximum Age at Loan Maturity |
Up to 65 years |
| Income Requirement |
Stable and verified income documents |
| Credit Score |
Preferably 650 or above |
| Employment / Business Stability |
Minimum 1–2 years of continuity |
| Loan Tenure |
Up to 30 years |
| Property Type |
Approved residential property as per bank norms |
This makes it suitable as a home loan for salaried person as well as borrowers seeking structured affordable housing finance.
Home Loan Schemes Offered by DCB Bank
DCB Bank offers multiple housing loan schemes to suit different homeownership needs:
Home Purchase Loan: For buying ready-to-move or under-construction residential properties.
Home Construction Loan: Ideal for customers who own land and want to build a house.
Home Extension / Renovation Loan: For expanding, repairing, or improving existing residential property.
Affordable Housing Loan: Designed for eligible borrowers looking for a low-interest home loan, including potential access to interest subsidy benefits under applicable government schemes.
These options come with competitive home loan interest rate structures and flexible monthly installment planning.
What Documents Required for DCB Bank Home Loan
Keeping your paperwork ready helps speed up the approval process and improves chances of instant approval. Below is a simplified checklist of documents required for housing loan applications:
| Document Category |
Required Documents |
|
Identity Proof
|
Aadhaar Card, PAN Card, Passport
|
|
Address Proof
|
Aadhaar Card, Utility Bill, Voter ID
|
|
Income Proof (Salaried)
|
Salary slips, Form 16, bank statements
|
|
Income Proof (Self-Employed) |
ITR, profit & loss statement, balance sheet
|
|
Property Documents
|
Sale agreement, title deed, approved building plan
|
|
Photographs
|
Recent passport-size photographs
|
A healthy credit score and verified income documents play a key role in faster approvals.
Tax Benefits on Home Loan in India
Taking a housing loan also provides valuable tax benefits on home loan in India, helping reduce your overall tax burden:
Section 80C: Deduction up to ₹1.5 lakh on principal repayment
Section 24(b): Deduction up to ₹2 lakh on interest paid for self-occupied property
Additional Deductions: Benefits available for first-time homebuyers under applicable sections
Interest Subsidy: Eligible borrowers may benefit under government-linked affordable housing schemes
These tax advantages make home purchase financing more economical over the long term.
Loan Processing Fees & Other Charges
DCB Bank follows a transparent and customer-friendly fee structure:
- Processing fee as per bank guidelines
- Legal and technical verification charges
- Documentation and registration expenses
- No hidden or surprise charges
Borrowers can calculate EMI in advance to choose a repayment tenure that suits their monthly installment capacity.