With DBS Treasures, you can get an NRI home loan to buy a new house, or for renovations, extensions and much more. Your home will act as collateral, and you will have the benefit of the most competitive interest rates.
At DBS Treasures, we value all our customers. The rate of interest is currently between 8% and 9%, which is one of the lowest. We also offer discounted rates for pre-approved categories of borrowers. Our NRI interest rates are offered as fixed and floating interest rates.
You can repay the loan through your DBS Treasures account.
You can get up to 80% of your property value. The final eligibility is calculated based on your annual income, type of property, credit history, etc. credit at the sole discretion of DBS Bank India Ltd.
A pure fixed home loan interest rate remains constant throughout your loan tenure. There are also some home loans where the interest rate is fixed for a part of the tenure. We will inform you at the time of applying whether your loan is a pure fixed-rate loan or a partially fixed-rate loan.
A floating rate of interest will vary according to the RBI-Linked Repo Rate or RRLR. If RBI increases its repo rate, your rate of interest will rise, and if RBI decreases the repo rate, your interest rate will be reduced.
Our floating rates are based on the RBI repo rate. Our mark-up rate is also called the Repo-Linked Lending Rate or RRLR. The RRLR may increase or decrease only if the RBI changes its repo rate. Any change in the RBI’s policies means your interest rate will change in basis points. The new rate becomes effective from the 1st of the next month. For instance, if RBI cuts its Repo Rate by 0.15%, and our current NRI Home Loan RRLR is at 8.45%, your new RLR will be 8.3%. We will inform our customers well in advance of any rate changes.
Click here to know our latest Home Loan interest rates.
In a pure fixed-interest rate loan, you will know your EMI in advance because it will not change. This helps in planning your future finances. EMIs for partially-fixed and floating rate home loans will change as and when there is a change in interest rates. You may have the option of keeping your EMI the same and changing your loan tenure.
There are also times when you may want to convert from fixed to a floating rate. This happens especially if you would like to take advantage of a lower prevailing interest rate. In these circumstances, your EMI will change, we will guide you on how to proceed with making the revised EMI payments.