DBS Bank Home Loan: Overview, Interest Rates, & Unique Features
DBS Bank, a leading financial institution in India that provides a wide range of home loan products. With competitive interest rates starting at 8.40% per annum, DBS offers loan tenures of up to 30 years, making home ownership more affordable. While DBS’s rates are on the higher side compared to some other Indian lenders, it compensates with a fully digital application process, dedicated mortgage specialists, and flexible repayment options, making it a convenient choice for homebuyers.
Overview of DBS Bank Home Loans
DBS Bank India Ltd. is a wholly owned subsidiary of DBS Group based in Singapore. It is one of the largest financial services institutions in India.
- The bank offers housing finance products for a range of borrowers, from salaried employees to professionals, self-employed individuals, NRIs, HUFs and small businesses.
- This occurs due to a strong global presence, combined with a very good understanding of the local market.
- DBS home loans are characterised by among the most attractive interest rates, starting at 8.40 per annum, depending on eligibility and credit profile.
- DBS also has a range of home loans with loan tenures of up to 30 years, making it more affordable to finance repayment within a budget.
- Depending on income and property types, home loan amounts can range as high as ₹10 crore.
- DBS offers a home loan product for purchase, construction, extension, or renovation of residential property, as well as providing a number of features, including the Flexi Home Loan product with an overdraft facility, which allows the home loan to be linked to a current account.
This structure allows for an effective method to reduce interest liability if there is a sufficient surplus balance remaining within the current account to offset against the outstanding principal of the home loan.
DBS Bank Home Loan Interest Rates and Tenure
DBS Bank has moderately high interest rates on home loan products in India's current household lending market, so borrowers should assess the offering considering other features highlighted, such as overdraft facility and repayment flexibility. DBS Bank's interest rate offerings as of April 4, 2025, include the following:
| Loan Type | Interest Rate (p.a.) |
| Home Loan | 15.75% |
| Home Extension Loan | 17.75% |
| Top-up Loan | 19.75% |
DBS Bank Home Loan Interest Rates vs. Competitors
The table shows the interest rates on Home Loans charged by major lenders in India, across various loan amounts. The table indicates that most lenders charge interest rates anywhere between about 8.25% to 10% per annum which is a substantial deviation from the 15.75% of DBS Bank. This illustrates DBS's rates are exorbitantly high based on the comparable lender options available, which appear much more affordable and viable.
| Name of Lender | Loans Up to ₹30 Lakh | Loans Above ₹30 Lakh to ₹75 Lakh | Loans Above ₹75 Lakh |
| SBI | 8.25% - 9.40% p.a. | 8.25% - 9.40% p.a. | 8.25% - 9.40% p.a. |
| HDFC Bank Limited | 8.70% p.a. onwards | 8.70% p.a. onwards | 8.70% p.a. onwards |
| Bajaj Housing Finance | 8.25% - 17.00% | 8.25% - 17.00% | 8.25% - 17.00% |
| ICICI Bank | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| Axis Bank | 8.75% - 12.80% p.a. | 8.75% - 12.80% p.a. | 8.75% - 9.65% p.a. |
| Federal Bank | 8.80% p.a. onwards | 8.80% p.a. onwards | 8.80% p.a. onwards |
| Punjab National Bank | 8.20% - 10.00% p.a. | 8.15% - 9.90% p.a. | 8.15% - 9.90% p.a. |
| Kotak Mahindra Bank | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards |
| Bank of Baroda | 8.40% - 10.40% p.a. | 8.40% - 10.40% p.a. | 8.40% - 10.65% p.a. |
| Canara Bank | 8.25% – 11.00% p.a. | 8.20% – 11.00% p.a. | 8.15% – 10.90% p.a. |
| IDFC FIRST Bank | 8.85% p.a. onwards | 8.85% p.a. onwards | 8.85% p.a. onwards |
| IDBI Bank | 8.40% p.a. onwards | 8.40% p.a. onwards | 8.40% p.a. onwards |
| Punjab & Sind Bank | 8.35% – 9.85% p.a. | 8.35% – 9.85% p.a. | 8.35% – 9.85% p.a. |
| RBL Bank | 9.00% p.a. onwards | 9.00% p.a. onwards | 9.00% p.a. onwards |
| LIC Housing Finance | 8.25% p.a. onwards | 8.25% p.a. onwards | 8.25% p.a. onwards |
| Tata Capital Housing Finance | 8.75% p.a. onwards | 8.75% p.a. onwards | 8.75% p.a. onwards |
| PNB Housing Finance | 8.50% - 14.50% p.a. | 8.50% - 14.50% p.a. | 8.50% - 11.45% p.a. |
| Sammaan Capital (Indiabulls Housing) | 8.75% onwards | 8.75% onwards | 8.75% onwards |
| Aditya Birla Capital | 8.60% onwards | 8.60% onwards | 8.60% onwards |
| India Shelter Home Loan | 11.59% onwards | 11.59% onwards | 11.59% onwards |
| L&T Finance Limited | 8.65% p.a. onwards | 8.65% p.a. onwards | 8.65% p.a. onwards |
| Godrej Housing Finance | 8.55% onwards | 8.55% onwards | 8.55% onwards |
| Home First Finance | 11.90% onwards | 11.90% onwards | 11.90% onwards |
| Easy Home Finance | 8.95% onwards | 8.95% onwards | 8.95% onwards |
| Piramal Capital Housing Finance | 9.50% onwards | 9.50% onwards | 9.50% onwards |
| Cholamandalam Investment and Finance | 10.50% onwards | 10.50% onwards | 10.50% onwards |
Loan Amount and Tenure Options
DBS Bank offers home loans ranging from ₹25,000 to ₹10 crore, making it suitable for small renovations to large property purchases. Borrowers can choose flexible repayment tenures of up to 30 years, allowing manageable EMIs based on their financial capacity. Shorter tenures are also available for those seeking quicker repayment.
| Category | Details |
| Loan Amount | ₹25,000 to ₹15 lakhs (based on eligibility) |
| Loan Tenure | 12 to 60 months (1 to 5 years) |
| Interest Rates | Starting from 10.99% p.a. |
Eligibility Criteria for DBS Bank Home Loan
To take out a personal loan with DBS Bank, applicants must fully meet set income, age and occupation-related eligibility criteria.
- Age Criteria:
Applicants need to be at least 22 years old at the time they apply for a loan and no older than 60 years of age upon maturity of the loan. This requirement serves the purpose of ensuring the borrower has a defined earning horizon throughout the time in which the loan is outstanding.
- Job Type:
Salaried and self-employed individuals can apply for personal loans. The type of profession will determine the documents and approval process.
- Income Requirement:
For salaried and self-employed applicants, a minimum monthly income of ₹25,000 is required in order to be eligible. This ensures there is enough capacity to pay off the personal loan, after taking into account other debt service repayments.
- Work Experience:
Salaried borrowers must have a minimum of 2 years of work experience in the occupation for which they are applying for a loan. For self-employment must be able to demonstrate valid and regular income for an established period of time from that occupation or business.
- Loan Qualifying Criteria:
DBS Bank calculates your personal loan eligibility based on your net income after subtracting existing EMIs and credit card dues. The higher your disposable income, the greater the loan amount you may qualify for.
- Utilise the Eligibility Calculator
By entering some basic information such as your age, net income, EMIs, and outstanding dues on your credit card, you can use DBS Bank’s Personal Loan Eligibility Calculator to know your eligibility for the loan amount you can apply for instantly, so that it will be a huge help in your future planning.
DBS Bank Home Loan Application Process
It is a simple, fully digital process, intended to save you time and effort. If you are looking for an instant personal loan from DBS Bank, here are three simple steps to follow:
- Determine Eligibility:
Before and while you apply, be sure that you pass the minimum eligibility requirements. You should either be a salaried or self-employed individual aged between 21 to 60 years (at the time of the final EMI payment). A good credit history is also important; a CIBIL score of 600 or higher is preferred. Use the online Personal Loan Eligibility Calculator from DBS Bank to quickly learn the amount you can borrow, what your interest rate will be, and the repayment periods available.
- Launch the Application Online:
Once you're confident you meet those eligibility conditions, go on to the DBS Bank website and click on Instant Personal Loans. You'll see a simple online form that only requires basic details a person would ask for — like full name, address, email ID, mobile number and net monthly income. The application form is simple and straightforward, and will guide you through the entire process step-by-step. - Upload the Documents and Wait for Approval:
After filling out the application form, you'll need to upload scanned copies of your KYC and income documents. They will require the PAN Card, a government ID, government address proof (like Aadhaar or passport) and salary slips/bank statements for a couple of recent months. Once the documents have been uploaded and your application is complete, you can pay the one-time non-refundable application fee. DBS Bank will then review your application and, provided it checks out, your personal loan should be approved and disbursed (often instantaneously).
DBS Bank Home Loan Unique Features
DBS Bank Home Loans offers a variety of unique attributes that simplify the complexities of purchasing your dream home anytime, anywhere, and at lightning speed. Through expert support and flexibility, everything is designed to simplify the home loan process, making it easier and less stressful.
- Very Fast Digital Process: The entire home loan process can be completed digitally. From starting your application to your application being approved, everything happens online; there is no need to visit the bank.
- Flexi Account: Link your home loan to your current account to reduce interest by offsetting the balance.
- Dedicated Mortgage Specialist: Have a personal mortgage specialist to help you each step of the way.
- Specialist Service Managers: Specifically trained support staff who assist with document collection, answering any queries, or simply providing an update.
- Pocket-friendly EMIs: You are able to choose repayment tenures that suit your monthly cash flow.
DBS Bank home loans offer a blend of competitive interest rates, flexible tenure options, and quick processing, making them a reliable choice for both first-time buyers and seasoned investors. With transparent terms and dedicated support, DBS ensures a smooth borrowing experience. Compare your options, check eligibility, and take the first step toward owning your dream home with DBS Bank.
FAQS on DBS Bank Home Loan
1. What is the interest rate on a DBS Bank Home Loan?
The DBS Bank home loan interest rates start at 15.75%, with the type of loan determining the rate; Home Extension Loan is at 17.75%, and Top-Up Loans are at 19.75%. Compared to some lenders, this is a higher interest rate; however, this is somewhat compensated by the features offered. One of the features is the facility of an overdraft-linked account.
2. Who is eligible for a home loan from DBS Bank?
Home loans from DBS Bank are accessible to salaried employees, self-employed professionals, non-resident Indians (NRIs), households under Hindu law (HUFs), and business entities. Applicants must meet basic eligibility criteria that consider income, age, and occupation. The bank evaluates credit history and repayment ability prior to approval of any loan application.
3. What are the repayment tenure options for a DBS Bank home loan?
DBS Bank offers flexible repayment tenure options ranging from 12 to 60 months (1 to 5 years). This allows borrowers to choose how long they would like to take to repay their loan based on their budget and long-term financial objectives, particularly when chosen with a budget EMI option.
4. How to apply for a home loan with DBS Bank?
You may apply online for a DBS Bank home loan through their official website. The application submission online starts with checking eligibility, and after the initial checks, you can complete a simple application. In the online application, you will complete the KYC and income document upload and payment of a one-time application fee. If you have everything completed, the process for getting an application approved by the bank is fast and uncomplicated.
5. What is the minimum income requirement to get a home loan from DBS Bank?
To qualify for a home loan from DBS Bank, applicants must earn a minimum salary of ₹25,000 per month. This applies to both the salaried and the self-employed and helps to confirm that the borrowers are financially careful and responsible to repay the monthly payments.
6. Are there any unique features offered with DBS Bank home loans?
Yes, there are unique features with the loans, like dedicated mortgage specialists, expert service managers that provide support throughout ownership, and a Flexi Account that links your current account to your existing mortgage. This will help minimize your interest and enhance your service experience during your ownership journey.
7. Can NRIs apply for DBS Bank home loans?
Yes, NRIs can apply for a home loan with DBS Bank. They will need to meet specific documentation criteria and income criteria under non-resident inspection. DBS Bank does offer support for NRIs and help make the home loan experience seamless to follow, and will make an NRI application, while being overseas.
8. How exactly does the Flexi Account work with DBS Bank home loans?
In the Flexi Account, your current account is linked to your home loan. Any amount of surplus you maintain in your current account will be used to offset the outstanding principal on your home loan, thus helping you reduce your interest liability, in most cases, increasing your overall payments, therefore reducing the cost of borrowing.
