Bank
DBS Bank Ltd

About Home Loan

Whether you're a first-time home buyer, investing in your dream home or changing homes - DBS have the right home loan offering to suit your needs.

Eligibility Criteria

  • “DBS Bank offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.”

Documents Required

  • Duly signed and filled application form
  • Passport-size photograph
  • Statements of investments, if any
  • Copy of plan approved for the proposed construction/extension
  • Cost estimation or valuation report from the bank's (or finance company's) panel CA
  • Allotment letter of housing board/NOC of the society/builder etc.
  • Bank statement and salary slips

      In addition to these, you will have to also submit the following documents:

  • Identity and signature proof- Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
  • Address Proof- Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/electricity/water/credit card bill or Property tax.
  • Age Proof- Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Passport, Aadhar Card, pension payment order or receipt of LIC policy.

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another

About Loan Against Property

Leverage your property's value and fulfil any of your personal or professional needs. The most attractive part of Loan against Property is that it has flexible repayment tenure up to 10 years.

Eligibility Criteria

  • “DBS Bank offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.”

Documents Required

Depending on whether you are salaried, or a self-employed professional, or a self-employed businessman, banks ask for different set of documents when offering an LAP.
The documents to be submitted when applying for an LAP are as follows:

For salaried individuals:

  • Proof of identity or residence
  • Latest salary slips
  • Form-16 issued by present employer
  • Bank statements of six months preceding the month in which loan is applied for
  • A cheque covering the administrative costs incurred by the bank in processing the application
  • A cheque covering the processing fee charged by the bank

For Self-employed Professionals:

  • Proof of identity or residence
  • Educational qualification certificates, degrees, diplomas, and other academic credentials
  • IT Returns of the three years preceding the one in which loan is applied for
  • Bank statements of six months preceding the one in which loan is applied for

For Self-employed Business persons:

  • Proof of identity or residence
  • Educational qualification certificates, degrees, diplomas, and other academic credentials
  • Proof of existence of business
  • Detailed business profile
  • Profit and loss sheet and balance sheets of the company for the three years preceding the one in which loan is applied for
  • IT Returns (of both self and the company) of the three years preceding the one in which loan is applied for
  • Bank statements of the six months preceding the one in which loan is applied for

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

Don'ts

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another