Dhanlaxmi Bank offers home loan interest rates depending on the creditworthiness of the applicant for the purchase of the new home, home extension, home improvement, etc. Prospective borrowers can visit Paisabazaar website to compare the home loan interest rates of Dhanlaxmi Bank with other lenders, all in one place.
Dhanlaxmi Home Loan Interest Rate
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Starting 7.10% p.a.
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Dhanlaxmi Bank Home Loan Interest Rate
Home Loan Interest Rates of Dhanlaxmi Bank
| Product Rating | Effective Rate (p.a.) | Surrogate Rate (p.a.) |
|---|---|---|
| AAA | 8.20% | 8.70% |
| AA | 8.30% | 8.80% |
| A | 8.40% | 8.90% |
| BBB | 9.00% | 9.50% |
| BB | 10.80% | 11.30% |
| B | 11.00% | 11.50% |
| C | 11.50% | 12.00% |
| Unrated Accounts (Exposure below Rs. 2 lakh) | 9.00% | 9.50% |
EMI Examples of Dhanlaxmi Bank Home Loan Interest Rates
For a tenure of 25 years
| Loan Amount | Interest Rate (p.a.) | Loan Tenure (years) | EMI (Rs.) |
|---|---|---|---|
| Rs. 50 lakh | 8.20% | 25 | 39,256 |
| Rs. 40 lakh | 8.20% | 25 | 31,404 |
| Rs. 30 lakh | 8.20% | 25 | 23,553 |
For a tenure of 15 years
| Loan Amount | Interest Rate (p.a.) | Loan Tenure (years) | EMI (Rs.) |
|---|---|---|---|
| Rs. 50 lakh | 8.20% | 15 | 48,362 |
| Rs. 40 lakh | 8.20% | 15 | 38,689 |
| Rs. 30 lakh | 8.20% | 15 | 29,017 |
Factors Affecting Home Loan Interest Rates
Below-mentioned are the factors affecting the home loan interest rates:
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How Can I Apply for a Home Loan Online?
Get up to ₹5 Crore in 5 Simple Steps
Step 1: Enter your mobile number in the application form.
Step 2: Verify using the OTP sent to your mobile number.
Step 3: Enter details related to your loan requirements.
Step 4: Provide your personal and employment details.
Step 5: Compare offers and apply for the best-suited loan.
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FAQs
What are the current home loan interest rates offered by Dhanlaxmi Bank?
Dhanlaxmi Bank offers home loan interest rates ranging from 8.20% p.a. to 12% p.a. depending on the credit profile of the applicant.
What is the difference between floating and fixed interest rates?
Floating interest rates are variable in nature and change with the change in the repo rate set by the RBI. However, fixed interest rates are constant and remain unchanged throughout the loan tenure.
How can I reduce my home loan interest rates offered by Dhanlaxmi Bank?
You can reduce your interest rate by maintaining a strong credit score, negotiating with the existing lender, opting for a home loan balance transfer, making part prepayments, etc.
Can I transfer my Dhanlaxmi Bank home loan to another lender?
Yes, you can transfer your Dhanlaxmi Bank home loan to another lender offering better rates and terms than the current lender.
Can I negotiate my home loan interest rate with Dhanlaxmi Bank?
Yes, you can negotiate your home loan interest rate with Dhanlaxmi Bank if you have an improved credit score and better eligibility.
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