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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Get Deutsche Bank home loans at affordable interest rates. Deutsche Bank Home Loan interest rates vary based on the home loan tenure, home loan amount, credit score, and many other factors. Also, women can obtain home loans at slightly lower rates.
Get loans starting from 11.25% interest rate
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While availing for a home loan from a bank or any other financial institutions, you would be expected to pay them back in the form of EMIs along with an interest rate. This interest rate varies from bank to bank. Deutsche Bank provides you with home loans for home extensions, home improvement and for homes that are yet to be constructed and for homes or flats that are ready to live in.
The Marginal Cost of Funds based Lending Rate (MCLR) for Deutsche Bank, Indian branches is as below:
| Tenure | MCLR (per annum) |
|---|---|
| Overnight | 8.15% |
| One month | 8.60% |
| Three months | 9.60% |
| Six months | 9.60% |
| One year | 10.10% |
Home loans at Deutsche Bank have two schemes:
If you are opting for a Floating Rate Home Loan, the interest rate will be linked to the Deutsche Bank Base Rate. The rate applicable on the date of disbursement remains fixed for the duration of the fixed period under the Fixed Rate Home Loan.
Eligibility Criteria of Deutsche Bank Home Loan
| Salaried | Self-employed | |
|---|---|---|
| Minimum age | 23 years | 23 years |
| Maximum age | 65 years/retirement whichever is earlier | 65 years |
| Minimum Gross Annual Income | Rs. 5,00,000 | Rs. 5,00,000 |
Photo identity (any one)
Proof of address (any one)
Proof of Signature (any one)
Proof of Age (any one)
Financials
Salaried:
Self-employed
| Fee Type | Charges |
|---|---|
| Administration fees | Up to 1% of the loan amount disbursed |
| Switch fee/Repricing fee | Up to 0.5% of principal outstanding |
| Transaction fee | Rs. 500 |
| Default interest rate | 24% per annum |
| Document retrieval charges | Rs. 500 |
| Taxes and other government levies | As applicable |
1. Can we transfer home loans from another bank to Deutsche Bank?
You can benefit from transferring your home loan from one bank to another. While transferring the loan, if you had been paying a higher interest rate with the previous bank, you can transfer your outstanding balance to Deutsche Bank and pay the current interest rates.
2. What is the maximum amount that can be borrowed?
Depending on the type of loan availed and the value of the property that is being bought, up to Rs. 15 crores can be borrowed.
3. What is the minimum income for being eligible for a home loan?
The Minimum Gross Annual Income for salaried and for self-employed individuals is Rs. 5,00,000.
4. What are the loan tenure options provided?
Loan tenure options range from 5 years to 20 years.
5. Can there be co-applicants when availing a home loan?
Yes, including your spouse as a co-applicant for the loan will enhance your home loan amount as their income will be included.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application