DHFL Home loan can be taken to fund your dream house purchase. The rate of interest starts at 9.75%. Lowest EMI per Rs. 1 lakh is Rs. 859 on 30 years tenure. You can avail up to Rs. 5 crores up to 30 years tenure. A home loan is a secured loan, where the house you intend to purchase is considered as collateral. The NBFC offers several home loans, especially for purchasing house, constructing house, to purchase a plot, renovate home, etc. It offers housing loans to NRIs as well. There is a facility for balance transfer.
DHFL (Dewan Housing Finance Corporation) has a network of 359 offices spread across India ensuring its best services to the demanding consumer base. Not just in India, it is also spread abroad covering London, USK and UAE catering the increasing NRI population in these countries. It offers home loans to Indians and NRI.
This NBFC has tie-ups with public and private sector banks like Punjab and Sind Bank, United Bank of India, YES Bank and Central Bank of India. At Loanbaba.com, you will come across information about all types of DHFL Home Loans in India.
DHFL Home Loan Details Updated on 19th January 2021 | |
Loan Amount |
Up to Rs. 5 crores |
Loan Tenure |
1 year to 30 years |
Interest Rate |
9.75% onward |
Some of the features of DHFL home loan are as follows.
At Loanbaba, you can compare and apply for Home loans online. You can check out several housing loans and go through their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, on a single platform. The loan application process is simple and easy, as you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.
The DHFL home loan interest rate starts at 9.75%, but varies as per individual borrower’s profile. Keep a check on this page to note the updated DHFL loan interest rates for the current year. The floating rates are pegged to RPLR or retail prime lending rate.
Retail Prime Lending Rate (RPLR) |
19.42% |
Quantum of Finance |
It is based on your repayment capacity and annual income |
Processing Fees |
For self-employed professionals and salaried individuals: Rs. 5,000 to Rs. 10,000 + GST + document charges For self-employed non-professionals: processing fee of up to 0.5% + GST (Net PAT)/ 1.5% + GST (others) |
Interest Rate Penalty |
18% per annum on the remaining borrowed principal |
Charges for Part-payment and Loan Foreclosure |
2% to 3% + applicable GST |
Max Tenure |
30 Years |
Type of Interest Rate |
Floating |
Below-provided are factors that influence the finalizing of housing loan amount.
There are other charges apart from the above-mentioned interest rates that apply on housing loans offered by the NBFC. These charges are thoroughly detailed below.
Type of Charges | DHFL Home Loan Amount |
CERSAI Registry/Modification |
Rs. 50 + GST on an amount up to Rs. 5 lakhs Rs. 100 + GST on an amount above Rs. 5 lakhs |
Technical Fees (This is charged on property located outside the geographical boundary as specified by DHFL, additional property, or applicable for pre-technical procedures) |
No charges apply if the property is located within 60 KM of the said condition. For a property beyond 60 KM, Rs. 750 applies on subsequent visits, while Rs. 500 on the first visit + GST |
Construction Linked Home Loans’ Valuation Fee |
9No charges apply on the first visit For any visit after the first, Rs. 500 + GST applies |
Charges for Part-Payment |
9No prepayment is allowed in the initial 6 months of the loan No charges apply if you part-pay after 6 months 2% GST applies if the primary borrower or co-application is other than an individual |
Charges for Foreclosure |
No foreclosure is allowed for the first 6 months After this duration, if you foreclosure a fixed rate loan, then no charges apply After 6 months, if a loan on a variable interest rate is transferred to another financial institution then no charges apply 2% GST is applicable if balance transfer is done other than an individual |
Charges for Prepayment in case of an Easy Land Loan/Construction Loan/Land Loan |
Within 3 years, if a house is not constructed on the land then 3% + GST applies from the date of first disbursement of funds (borrower/c-applicant is other than an individual) |
Charges for ECS/Cheque Bounce |
WRs.500 + GST |
Charges by DHFL on ECS/Cheque Bounce |
At actual |
Charges on Overdue Pre-EMI/Default EMI |
Per annum 18% on outstanding housing loan amount |
Per Set ECS/Cheque Swapping |
Rs.250 + GST on every swap |
Issuance of DD/Pay Order |
Rs.150 per Rs. 1 lakh or the actual bank charges (the one that is higher is applicable) + GST |
Charges for Legal Procedures |
As applicable on case-to-case basis |
Charges for Collection Pickup |
Per visit Rs.250 + GST |
Charges for Recovery |
At actual |
Charges for Non-Encumbrance Certificate (NEC) |
At actual |
Franking Charges/Stamp Duty |
As applicable per law |
Property Documents Copy |
Rs.500 + GST |
No Dues Certificate Duplicate |
Rs.250 + GST |
Custodial Fee for Property Documents (Closed Housing Loans) |
Per month Rs.500 per (after 60 days from the date of loan closure) + GST |
Provisional IT Certificates/Statement of Account |
No charges apply on the first instance In subsequent instances the charges are Rs. 250 + GST |
Charges for the Foreclosure Statement |
Rs.500 + GST |
Charges for Document Retrieval on Loan Closure |
For loans up to Rs. 10 lakhs, the charges are Rs. 1,000 + GST For loans over Rs. 10 lakhs, the charges are Rs. 2,000 + GST |
Home loan eligibility may differ from one candidate to another. You can also use free-of-cost DHFL home loan eligibility calculator at Loanbaba.com. The eligibility criteria for DHFL housing loan are discussed below:
DHFL has home loan schemes for self-employed people, professionals, and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes
1. DHFL New Home Loan
Both non-resident Indians and Indian residents can apply for this loan. You can get up to 90% of the house’s value. There is no prepayment charge. Rate of interest is 9.75% onward. Minimum processing fee excluding taxes and document charges is Rs. 2,500.
2. DHFL NRI Home Loans
Non-residents can also avail housing loans by DHFL. The tenure for such a loan is up to 20 years with interest rate 10% onward. Processing fee is Rs. 2,500. However, it does not include fee for documentation or other taxes. There are no prepayment charges if you wish to repay the loan after the initial 6 months period. No foreclosure charges apply for loans on both floating and fixed interest rates.
3. DHFL Home Extension Loans
Here, self-employed businessmen, professionals, and salaried individuals can apply. Tenure of the loan is up to 30 years. There is no prepayment charge. You can repay the loan after 6 months tenure. Fee to process the loan is Rs. 2,500. This fee does not include taxes and documentation charge. Interest rate is 9.75% onward.
4. DHFL Home Construction Loans
This loan is available to construct a new house. 100% finance is available. Both Indian residents and NRIs can apply for this loan. You must be at least 21 years of age and below 65 years of age till loan maturity to get this loan. The rate of interest starts at 9.75%. Processing fee excluding document charges and taxes is Rs. 2,500.
5. DHFL Home Renovation Loans
Interest rate for this loan begins at 9.75%. The processing fee is Rs.2, 500, not including taxes and documentation fee. There is no prepayment charge, and you can prepay after initial 6 months of borrowing. Tenure is up to 10 years. There is no foreclosure charge for loans on fixed and floating rates of interest. So, you can foreclose the loan as soon as you have enough funds for the purpose.
Below provided are important questions about home loan DHFL in India.
Easy repayments options: The EMI repayment can be made either through Electronic Clearing Service, ECS, based on the instruction given by the bank or through post-dated cheques drawn from your salary or savings account.
Availing home loans gives you a good number of tax benefits. The Indian residents are eligible to get a benefit on both principal and interest components of the home loan. As per the Income Tax Act, 1961, section 24(b) gives an exemption of Rs 2 lakh for the interest paid during the financial year or up to Rs 1.5 lakh under 80C for the principal amount repaid in the same year.
While an individual applicant can apply for the home loan, the earning co-applicant can further enhance the loan value. The co-applicant can be spouse or a family member of the primary borrower.
Pradhan Mantri Awas Yojana (PMAY) was introduced in 2015 in India. The major objective of this Government initiative was to make housing affordable for low income group (annual income group between Rs. 3 lakhs and Rs. 6 lakhs), middle-income group (MIG- I and MIG- II, with annual income between Rs.6 lakhs and Rs. 12 lakhs, and Rs, 12 lakhs and Rs. 18 lakhs, respectively), and economical weaker section (annual income up to Rs. 3 lakhs) of the country. DHFL is authorized to offer this housing loan scheme. All eligible candidates can receive the interest rate PMAY subsidy as under the Credit Linked Interest Subsidy.
DHFL charges Rs. 500 + applicable taxes for issuing a copy of the property documents. You can visit the nearest branch of this NBFC to avail the same.
Yes, at DHFL, you can apply for a loan to purchase an empty piece of land.
Depending on submission of all relevant documents, verification, property valuation, and other legal and technical procedures, it can take anywhere between 3 days and 15 days for the approval of a housing loan application.
DHFL does not necessitate a guarantor to approve a home loan. But, you can apply for the loan with a co-applicant to boost your loan eligibility.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of DHFL.
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