Features:

• Minimum Age : 23 years
• Minimum stay at current residence: 1 year
• Minimum Gross Annual Income (Rs): 65 years or retirement, whichever is earlier
• Total work or business experience
• For Salaried:
• 2 years (for loans up to Rs 1 crore)
• 4 years (for loans greater than Rs 1 crore)
• For Self Employed
• 2 years (for loans up to Rs 1 crore)
• 5 years (for loans greater than Rs 1 crore)
• Telephone: Mandatory for both residence and office

db HomeLoan offers the following advantages:

• Customized loans: Range of home loan options to suit your varied needs
• Easy documentation: Avoid the hassle of multiple documentation requirements
• Loan against property: Unlock the value of your home
• Balance Transfer option: Transfer your high interest loan from any other bank to Deutsche Bank
• Interest calculated on a monthly reducing balance: Pay less by paying interest only on the reducing principal amount
• Easy eligibility criteria: Applying for a loan just got simpler!
• Free property valuations and consultative advice: We will help you buy the best property

Loan Amount:

The home loan amount depends on your repayment capability and is restricted to a maximum of 85% of the cost of the property or the cost of construction as applicable.

Eligibility Criteria for a db HomeLoan:

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

Necessary documentation for a db HomeLoan:

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
		Short note on the nature of business, form of organisation, clients and suppliers, etc.
Photo Identity (any one)	- Passport - Photo PAN Card - Defence/Govt ID Card - Voter's ID Card - Driving License	- Passport - Photo PAN Card - Voter's ID Card - Driving Licence
Proof of Signature (any one)	- Passport - Banker's Certificate - Driving Licence - PAN Card	- Passport - Banker's Certificate - Driving Licence - PAN Card
Proof of Residence (any one)	- Passport - Telephone Bill (landline) - Electricity Bill - Voter's ID Card - Driving Licence	- Passport - Telephone Bill (landline) - Electricity Bill - Voter's ID Card - Driving Licence
Proof of Age (any one)	- Passport - Voter's ID Card - PAN Card - Birth Certificate - Life Insurance Policy or premium receipt clearly stating age/DoB	- Passport - Voter's ID Card - PAN Card - Birth Certificate - Life Insurance Policy or premium receipt clearly stating age/DoB
Telephone	Mandatory at both residence and office	Mandatory at both residence and office

Description of Charges	Home Loans
Processing Fees	0%
Administration Fees	Up to 1% of loan amount
Default Interest Rate	24% per annum
Loan Prepayment Penalties	Prepayment is allowed only after 6 months from the date of loan disbursal Fixed rate loan: 2% penalty on amount prepaid Floating rate loan: Pre-closure charges will be levied at the rate of 2%. This amount is charged on loan outstanding at the time of loan closure & all partial prepayments made during the last 12 months prior to loan closure.
Switch Fee / Rescheduling / Repricing Charges	If fixed to floating: 1.5% of Principal O/S If floating to fixed: 1.5% of Principal O/S