DBS Bank Ltd. is a Singaporean multinational banking and financial services company. Before the name was adopted in July 2003 to emphasize on its changing role as a regional bank, the company was previously known as The Development Bank of Singapore Ltd. Established by the Government of Singapore in June 1968, the Bank set off with the aim of taking over the industrial financing activities from the Economic Development Board. Today, its branches can be found island-wide. It is the largest bank in South East Asia by assets and amongst the larger banks in Asia.
About DBS Bank
DBS Bank financial services enjoy market-dominant positions in consumer banking, treasury and markets, assets management, securities brokerage, equity and debt fund-raising in Singapore and Hong Kong. The strong capital position of the Bank, coupled with the “AA-“ and “Aa 1” credit ratings are amongst the highest in the Asia Pacific Region, thus earning it Global Finance’s “Safest Bank in Asia” accolade for 6 consecutive years, starting from 2009.
The Bank successfully operates in 17 markets, with a strong regional network that spans more than 250 branches and over 1,100 ATMs across 50 cities. In India, it has it’s headquarter in the commercial capital of Mumbai. Besides, DBS Bank banking services has a network of 12 bank branches in cities like Bangalore, Chennai, Cuddalore, Kolhapur, Kolkata, Moradabad, Mumbai, Nashik, New Delhi, Pune, Salem, and Surat. DBS Asia Hub 2 Pvt. Ltd. is the Bank’s first Technology Development Centre outside Singapore. Based in Hyderabad, India, the Technology Development Centre will be core to DBS’ ambitions to shape the future in the face of shifting consumer and technology demands.
DBS Bank Loans
DBS Bank Home Loan: The Bank offers the right loan products to suit the needs of individual customers. Whether the customer is a first-time home buyer investing in his/her dream home or changing homes, DBS Bank aids the borrower with the requisite financial assistance. This loan can be availed for the purchase of ready or under construction property from bank approved developers. The interest rates levied on the home loans are very attractive, and will cater to the customers’ needs perfectly. The maximum loan amount is Rs. 5 crores, thus translating the ideas of a dream home into reality. The borrowers can also enjoy a flexible repayment tenure up to 20 years. For loans up to Rs. 25 lakhs, the applicant needs to just pay 20% of the property value, and the remaining 805 will be funded by the Bank. Also, the borrower is allowed the flexibility to pay interest only during the construction period. Home Loans are also available for NRIs at select countries.
DBS Bank Loan Against Property: The applicant can leverage his/her property’s value and fulfill any personal or professional needs. The most attractive aspect of this loan is that it has a flexible repayment tenure up to 10 years.