Deutsche Bank Home Loan
Features
Features
Some of the unique features of Deutsche Bank home loans are:
- Flexible home loan options: Combination of both fixed and floating interest rates on a single loan. A part of your loan will be at a fixed interest rate, while the other will attract fluctuating interest.
- StepUp home loan: Lower EMIs in the initial years and higher in later years, keeping pace with an increase in your income levels.
- StepDown home loan: Higher EMI in the initial years of your loan tenure as compared to the EMI in the later years.
- Loan for up to 90% of the property value
- Free property valuation and consultancy service
Eligibility
Eligibility
|
Eligibility criteria |
Salaried |
Self-employed |
|
Minimum Age |
23 years |
23 years |
|
Maximum Age |
65 years or retirement, whichever is earlier |
65 years |
|
Minimum Gross Annual Income (Rs) |
100,000 |
100,000 |
|
Minimum stay at current residence |
1 year |
1 year |
|
Total work or business experience |
2 years (for loans up to Rs 1 crore), 4 years (for loans greater than Rs 1 crore) |
2 years (for loans up to Rs 1 crore), 5 years (for loans greater than Rs 1 crore) |
|
Telephone |
Mandatory at both residence and office |
Mandatory at both residence and office |
Margin
Margin
Deutsche Bank funds up to 90% of the value of the property
Documents Required
Documents required
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Documentation |
Salaried |
Self-employed |
|
Financials |
Salary slip of last one month or latest salary certificate showing all deductions and loans outstanding |
Income Tax returns for the last 2 years |
|
Form 16 |
Profit & Loss Account along with computation of Income and Balance Sheet for last 2 years, duly certified by a CA |
|
|
HR certification showing all allowances and reimbursements (if any) |
Proof of business continuity for last 3 years |
|
|
Copy of bank statement (main account) for last 6 months |
Copy of bank statement (main account) for last 6 months |
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|
|
Short note on the nature of business, form of organisation, clients and suppliers, etc. |
|
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Photo Identity (any one of the doc.) |
- Passport |
- Passport |
|
- Photo PAN Card |
- Photo PAN Card |
|
|
- Defence/Govt ID Card |
- Voter's ID Card |
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- Voter's ID Card |
- Driving Licence |
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- Driving License |
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Proof of Signature (any one of the doc.) |
- Passport |
- Passport |
|
- Banker's Certificate |
- Banker's Certificate |
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|
- Driving Licence |
- Driving Licence |
|
|
- PAN Card |
- PAN Card |
|
|
Proof of Residence (any one of the doc.) |
- Passport |
- Passport |
|
- Telephone Bill (landline) |
- Telephone Bill (landline) |
|
|
- Electricity Bill |
- Electricity Bill |
|
|
- Voter's ID Card |
- Voter's ID Card |
|
|
- Driving Licence |
- Driving Licence |
|
|
Proof of Age (any one) |
- Passport |
- Passport |
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- Voter's ID Card |
- Voter's ID Card |
|
|
- PAN Card |
- PAN Card |
|
|
- Birth Certificate |
- Birth Certificate |
|
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- Life Insurance Policy or premium receipt clearly stating age/DoB |
- Life Insurance Policy or premium receipt clearly stating age/DoB |