Home Loan FAQs

The loan amount depends on your repayment capability and is restricted to a maximum of 80% of the agreement value or the market value whichever is lower. Repayment capacity takes into consideration factors such as income, age, qualifications, number of dependants, spouse's income, assets, liabilities, stability, continuity of occupation and savings history. And, of course, our main concern is to make sure that you can comfortably repay the loan amount

You have the option of selecting a term you are comfortable with, ranging from 5 to 20 years, provided the term does not extend beyond your reaching 65 years of age or retirement age, whichever is earlier.

Please check the schedule of charges section for the quantum of administrative charges to be collected.

In the event of your loan getting declined, an amount of Rs. 2000 (or the fee paid) would be deducted towards loan processing charges and the balance amount would be refunded. No refund of administrative fees to be done if the loan is sanctioned.

For information on the interest rates offered, please SMS HL to 561615 and we will get back to you with details. You can also call us on 18602666660#.

^#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.

Home Loans have two schemes:

• Fixed Rate Home Loans
• Floating Rate Home Loans

If you opt for a Floating Rate Home Loan, the interest rate would be linked to the Deutsche Bank Base Rate. Under the Fixed Rate Home Loans the rate applicable on the date of disbursement remains fixed for the duration of the fixed period.

Click here for schedule of charges for information on rates and fees.

You can approach us in any of the following ways:

• Apply Online
• Write to us on premium.care@db.com
• SMS HL to 561615
• Call us at our 24-hour Customer Care Centre at 18602666660^#
• Walk into any of our branches*

*Facility not availble at Moradabad, Salem, Vellore and Kolhapur branches.

#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.

You can include your spouse as a co-applicant for the loan and we shall include his / her income to enhance your home loan amount. Further, in case there are any other co-owners they also need to be co-applicants. Other than the spouse please check with your home loan counsellor on the approved co-applicants for the loan.

• Home Loan on fully completed or under-construction properties
• Home Improvement Loan
• Home Extension Loan
• Balance Transfer
• Home Loan for NRI
  

Typically the security for the loan is a first and exclusive charge of the property to be financed, by way of deposit of title deeds and / or such other collateral security as may be necessary. The title to the property should be clear, marketable and free from any encumbrances.

Yes, you can make your prepayment in either part or full. There is no charge on part prepayment. Please refer to the schedule of charges for further details.

We will encourage you to start a banking relationship with us so that we will be able to offer a host of other value added services, however opening an account with us is not mandatory.

There are three main stages:

• Application - Whereby you submit a completely filled in application with all necessary documents.
• Sanction - Whereby you get an approval for a specific loan amount based on the value of your property and repayment capabilities.
• Disbursement - Whereby the loan amount is disbursed.
  

• Home Loans on fully completed or under-construction properties
• Home Improvement Loan
• Home Extension Loan
• Balance Transfer
• Top-Up Loan
• Home Loan for NRI
  

An Equated Monthly Instalment (EMI) has 2 components, interest and principal. When the interest is calculated on monthly rests, the principal on which the interest is charged goes down every month. This results in a significant saving for the customer over the tenure of the loan.

The moment you decide to buy a home, you can put in your application for a home loan. Yes, you can apply for a home loan even before you have selected the property. The loan amount would be sanctioned or approved for you, based on your repayment capability.

Your loan will be disbursed on:

• Your identification and selection of the property
• Submission of the legal documents
• Legal and technical clearance of the property
• Investment of your own contribution towards the property purchase
  

An amortization schedule is a table giving the reduction of your loan amount by monthly instalments. The amortization schedule gives the break-up of every EMI towards repayment interest and outstanding principal of your loan.

As per the IT rules only one certificate can be issued for a home loan and hence one certificate will be issued in the name of both applicant and co-applicant.

The IT certificate will be issued at the end of a financial year. You can expect to receive your copy of the IT certificate in the month of April or May of every year during the loan period.

You can request for a provisional IT certificate that can be issued any time during the course of the year.

A Top-Up loan can be availed for various personal requirements based on value of the property. It offers the customer additional funds against the security of the same property. To avail of a Top-Up loan, a vintage of at least twelve months is required with respect to the loan availed. The basic eligibility for a Top-Up loan is a good repayment track record.

An end use letter is essential, which needs to specify the purpose of your taking the additional Top-Up loan to be collected. The end use of Top-Up Loans can be:

• Furnishing of home
• Consumer durable
• Child's education
• Daughter's marriage
• Family holiday
• Buy a vehicle
• Any other personal requirement of the borrower provided it is not speculative or illegal in nature.
  

All loan repayments are done via Equated Monthly Instalments (EMI).

An EMI refers to an Equated Monthly Instalment. It is a fixed amount which you pay every month towards your loan. It comprises of both, principal repayment and interest payment.

The EMI is to be paid every month through Standing Instructions (SI) where repayment is through a Deutsche Bank Account or through National Automated Clearing House (NACH) for repayment from accounts held with other banks.

In the case of a bounced or delayed payment, charges and outstanding dues will be charged as per the prevailing company policy.

In the case of part disbursement of the loan, monthly interest is payable only on the disbursed amount. This interest is called pre-EMI interest (PEMI) and is payable monthly till the final disbursement is made, after which the EMIs would commence.

Yes. Resident Indians are eligible for certain tax benefits on principal and interest components of a loan under the Income Tax Act, 1961.

Decision shall be conveyed in writing within a maximum period of one month from the date of receipt of application. Date of application shall be once complete set of documents and required details are furnished to the bank.