DHFL Home Loan Details

Led by Chairman & Managing Director, Mr. Kapil Wadhawan, DHFL has strengthened its position as one of India's leading housing finance companies and has been benchmarked as a model and a pioneer for expanding financial inclusion across India.

DHFL offers very budget-friendly Home Loan offers that are easy to apply for. DHFL offers Home Loan options to all categories of customers. With easy Home Loan processing, transparent process, affordable rate of interest and total flexibility, you can easily make your dream a reality with DHFL Home Loans.

Interest Rates  8.75%
Loan AmountLoan up to 90% of Project cost
Processing FeesUp to 0.50% of the Loan amount
Penal Interest Rate2% per month
Prepayment/Foreclosure ChargesNil for floating Interest rate
Max TenureUp to 30 Years
EMI 787 Per Lakh

Features and Benefits of DHFL Home Loan

  • DHFL Home Loan interest rates starting at 8.75% p.a.
  • Simple documentation process
  • A wide range of DHFL housing loan products to purchase ready to shift or under construction house/ flat or even a resale property.
  • You can get loan of up to 90% of your property's value, depending on the loan amount
  • You can choose tenure of 1 to 30 years. The maximum tenure cannot be extended beyond your retirement age or 60 years (for salaried individuals) and 70 years (for self-employed individuals), whichever is earlier.
  • You can apply for a DHFL Home Loan independently or a co-applicant

 

DHFL Home Loan Interest Rates

The current interest rate for DHFL Home Loan starts at 8.75% per annum.

DHFL Home Loan Eligibility Criteria

Any salaried or self-employed individual (professional or non-professional) who is a resident of India and whose age is between 18 years to 60 years (70 for self-employed) is eligible for a Home Loan. The eligibility criteria may change as per the chosen Home Loan scheme.

Eligibility factors for HDFL Home Loans
ProfessionSalaried/ self-employed professional/ self-employed non-professional or business owner
AgeMinimum 21 at the time of loan application and maximum 65 years at the time of loan maturity
Resident TypeAn Indian resident or Non Resident Indian (NRI)

Documents Required for DHFL Home Loan

To apply for DHFL Home Loan, you need to have the following documents in place:

Type of ApplicantDocument TypeDocuments Accepted
Salaried IndividualsKYC Documents
  • ID and Address Proof: Passport, Voter's ID Card, Driving License, Aadhaar Card (any one of these), and PAN Card
  • Residence Proof: Ration Card, Utility Bill, Letter from Employer, Bank Statement, Passbook, Sale Deed, Valid Rent Agreement (any one)
Income Documents
  • Last 2 months' salary slips or salary certificate
  • For Cash Salary: Income details mentioned on Company Letterhead
  • Last 3 months' copy of bank statements (salary account)
Property Documents

Agreement of Sale

Allotment letter & NOC from builder

  • Registration & stamp duty receipt
  • Index- ii
  • Own Contribution Receipt
  • All builder linked documents (for cases that are not approved or not funded  previously by DHFL)
  • Partnership Deed
  • Development Agreement
  • Tripartite Agreement
  • Sale Deed
  • Title Search Report
  • NA order
Self-employed ProfessionalsKYC Documents
  • ID and Address Proof: Passport, Voter's ID Card, Driving License, Aadhaar Card (any one of these), and PAN Card
  • Residence Proof: Ration Card, Utility Bill, Letter from Employer, Bank Statement, Passbook, Sale Deed, Valid Rent Agreement (any one)
Income Documents
  • Qualification Certificate for professionals like Doctors, CA, or Architects
  • Copy of last 2 years IT computation of income, P&L account with all schedules & audited balance sheet
  • VAT/ Service Tax returns/ TDS Certificate
  • Last 6 months' bank statement of savings account, current account & O/D account
Property Documents
  • Agreement of Sale
  • Allotment letter & NOC from builder
  • Registration & stamp duty receipt
  • Index- ii
  • Own Contribution Receipt
  • All builder linked documents (for cases that are not approved or not funded  previously by DHFL)
  • Partnership Deed
  • Development Agreement
  • Tripartite Agreement
  • Sale Deed
  • Title Search Report
  • NA order
Self-employed Non-professionalsKYC Documents
  • ID and Address Proof: Passport, Voter's ID Card, Driving License, Aadhaar Card (any one of these), and PAN Card
  • Residence Proof: Ration Card, Utility Bill, Letter from Employer, Bank Statement, Passbook, Sale Deed, Valid Rent Agreement (any one)
Income Documents
  • Copy of last 2 years IT computation of income, P&L account with all schedules & audited balance sheet
  • VAT/ Service Tax returns/ TDS Certificate
  • Last 6 months' bank statement of savings account, current account & O/D account
Property Documents
  • Agreement of Sale
  • Allotment letter & NOC from builder
  • Registration & stamp duty receipt
  • Index- ii
  • Own Contribution Receipt
  • All builder linked documents (for cases that are not approved or not funded  previously by DHFL)
  • Partnership Deed
  • Development Agreement
  • Tripartite Agreement
  • Sale Deed
  • Title Search Report
  • NA order
Non-resident Indians (NRIs)KYC Documents
  • ID and Address Proof: Passport, Voter's ID Card, Driving License, Aadhaar Card (any one of these), and PAN Card
  • Residence Proof: Ration Card, Utility Bill, Letter from Employer, Letter from Recognised Public Authority, Bank Statement, Passbook, Sale Deed, Valid Rent Agreement, Overseas Address Proof if available (any one)
Income Documents
  • Last 2 months' salary slips or salary certificate
  • Work Permit/ any other employment proof which is issued by concerned government/ employer
  • W2 or Overseas IT payment details (if applicable)
  • Last 6 months' copy of all overseas bank account statements (updated until the end of previous month). DHFL also accepts Net Banking PDF copy
  • Copy of last 6 months' NRO/ NRE Bank accounts (updated until the end of previous month). DHFL also accepts Net Banking PDF copy
Property Documents
  • Agreement of Sale
  • Allotment letter & NOC from builder
  • Registration & stamp duty receipt
  • Index- ii
  • Own Contribution Receipt
  • All builder linked documents (for cases that are not approved or not funded  previously by DHFL)
  • Partnership Deed
  • Development Agreement
  • Tripartite Agreement
  • Sale Deed
  • Title Search Report
  • NA order

DHFL Home Loan Processing Fees and Other Charges

Charge DescriptionAmount payable
Processing fee for Salaried/Self-employed Professional (non-refundable)

Rs. 5,000 to Rs. 20,000 (depends on your loan amount) + document charges + applicable GST

Minimum Login Fees: Rs. 2,500 or applicable processing fee (whichever is lower) + applicable GST

Processing fee for Self-employed Non-professional (non-refundable)

For Net PAT: 0.5% of loan amount + applicable GST

For Others: 1.5% of loan amount + applicable GST

CERSAI registry or modification charges

Rs. 50 + applicable GST for loan amount of up to 5 Lakhs

Rs. 100 + applicable GST for loan amount of above 5 Lakhs

Technical fee for additional property or property located outside geographical limit or for pre-technical

No charges for within 60 km radius

Rs. 500 + applicable GST (for beyond 60 km) for first visit and 750 + applicable GST for subsequent visits

Valuation fee for construction linked loan cases

No charges for first visit

Rs. 500 + applicable GST for subsequent visits

Charges for part-prepayment

Within 6 months: Part-prepayment not allowed

After 6 months: No charges (if borrower and co-borrower is individual) and 2% of amount being prepaid + applicable GST (if borrower and co-borrower non-individual)

Charges for foreclosure or full prepayment

Within 6 months: Foreclosure not allowed

After 6 months: No charges (if borrower and co-borrower is individual) and 2% of amount being prepaid + applicable GST (if borrower and co-borrower non-individual) 

Cheque/ ECS bounce chargesRs. 500 + applicable GST
Overdue charges on default instalment18% p.a. on the dues outstanding
Demand Draft or Pay Order issuance chargesRs. 150 per lakh or bank charges (whichever is higher) + applicable GST
Cheque or ECS Swapping Charges (per swap)Rs. 250 + applicable GST
Charges for collection pick-upRs. 250 per visit + applicable GST
Prepayment charges for plot loans or easy land-cum-construction loans3% + Applicable GST in case the dwelling unit is not constructed on the plot within 3 years from the date of the first disbursement of the loan.
Charges for duplicate No Dues CertificateRs. 250 + applicable GST
Charges for copy of property papersRs. 500 + applicable GST
Charges for statement of account or provisional IT certificates

First: No charges

Subsequent: Rs. 250 + applicable GST

Charges for document retrieval on closure of loan

For loans up to Rs. 10 Lakhs: 1,000 + applicable GST

For loans above  Rs. 10 Lakhs: 2,000 + applicable GST

Custodian fee for keeping property papers in closed DHFL Home LoansRs. 500 per month applicable after 60 days of closing the DHFL Home Loans + Applicable GST

Why DHFL Home Loan?

DHFL Home Loan comes with various benefits. Here are some reasons why you should opt for this loan:

  • Loan available for both salaried and self-employed
  • Special interest rates for women borrowers
  • Low interest rates
  • DHFL Home Loan articulation or amortisation plan gives you a month to month interest payments and yearly interest payments which can assist you with claiming derivations of your Home Loan interest payments under section 24 of Income Tax Act, 1961.
  • You are qualified for tax benefits under Section 80Cof the Income Tax Act, 1961 on repayment of the loan (on principal as well as interest amount).
  • Easy repayment options through post-dated cheques, Electronic Clearance System (ECS), National Automated Clearing House (NACH). In ECS/NACH your EMI will specifically deduct from your bank account on each due date.

Types of Home loans Offered by DHFL

New Home Loans

Features of DHFL New Home Loans
Purpose: To purchase ready to shift/ under construction house/ flat/ resale property
Tenure: Up to 30 years
Loan Amount: Up to 90% of property's cost
Interest Rate: Starting at 8.75%

Home Renovation Loans

Features of DHFL Home Renovation Loans
Purpose: for redesigning your home and giving it a new look
Tenure: Up to 10 years
Loan Amount: Up to 100% of improvement cost or maximum 90% of its market value (whichever is lower) if the loan amount is up to 30 Lakhs. The estimated cost for improvement shall be duly verified by a Technical Officer.
Interest Rate: Starting at 8.75%

Home Construction Loans

Features of DHFL Construction Loans
Purpose: For construction of your dream house on your own plot
Tenure: Up to 30 years
Loan Amount: Up to 100% of construction cost or maximum 90% of its market value (whichever is lower) if the loan amount is up to 30 Lakhs. The estimated cost for construction shall be duly verified by a Technical Officer.
Interest Rate: Starting at 8.75%

Home Extension Loans

Features of DHFL Home Extension Loans
Purpose: Loan for adding extra space (like bedroom, an extra room, etc.) to your existing home
Tenure: Up to 30 years
Loan Amount: Up to 100% of construction cost or maximum 90% of its market value (whichever is lower) if the loan amount is up to 30 Lakhs. The estimated cost for extension shall be duly verified by Chartered Engineer/ Architect.
Interest Rate: Starting at 8.75%

Plot Loans

Features of DHFL Plot Loans
Purpose: Loan for purchasing a piece of land to construct a home
Tenure: Up to 20 years
Loan Amount: Up to 75% of the plot's value
Interest Rate: Starting at 10.25%

Home Loan Balance Transfer

Features of DHFL Home Loan Balance Transfer
Purpose: Loan to help you reduce interest rate on existing high-interest Home Loan by transferring it to DHFL.
Tenure: Up to 30 years
Loan Amount: Up to 5 Crores
Interest Rate: Starting at 8.75%

Plot & Construction Loans

Features of DHFL Plot and Construction Loans
Purpose: Loan to buy a plot of land as well as to construct your home on it
Tenure: Up to 30 years
Loan Amount: Depends on applicant's annual income and repayment ability
Interest Rate: Starting at 8.75%

NRI Home Loans

Features of DHFL NRI Home Loans
Purpose: Loan to NRIs to help them realise their dream of buying their own home/ plot, or renovate/ extend their existing home in India.
Tenure: Up to 20 years
Loan Amount: Depends on applicant's annual income and repayment ability
Interest Rate: Starting at 10%

Pradhan Mantri Awas Yojana (PMAY)

Benefits of PradhanMantriAwasYojana
Purpose: The government of India offers an affordable Home Loan to buy a 'pucca' residential house.
Tenure: Up to 30 years
Loan Amount: Depends on applicant's annual income and repayment ability

Interest Rate Subsidy:

  • For loan amount of up to 6 Lakhs @6.5% p.a. for up to 20 years tenure: 2.67 Lakhs
  • For loan amount of up to 9 Lakhs @4% p.a. for up to 20 years tenure: 2.35 Lakhs
  • For loan amount of up to 12 Lakhs @3% p.a. for up to 20 years tenure: 2.30 Lakhs

How to Apply for DHFL Home Loan on MyMoneyMantra?

Applying for the DHFL Home Loan on MyMoneyMantra is a simple process:

  • Visit our official website mymoneymantra.com
  • Go to Home Loan section
  • Select your gender
  • Choose the city of your residence
  • Check out the purpose of the loan. Each loan product has a distinct procedure to follow.
  • Finalise the city where you intend to purchase the property
  • Provide information about the approximate value of the property you intend to purchase
  • Submit details about your employment type, annual income, required loan amount, and a few personal details.
  • Enter your phone number and email address
  • Accept the terms and conditions and proceed further
  • You will get an OTP on your mobile number
  • Enter the OTP

You can now choose the loan provider as DHFL Home Loans:

  • Keep your documents ready for verification
  • The MyMoneyMantra team will contact you and assist you in applying for the Home Loan to the bank of your choice. This service is free of cost.
  • The marketing team from DHFL Home Loans will contact you to verify the documents
  • You have to arrange for the valuation and legal scrutiny. DHFL has advocates and evaluators on its panel to do the job.
  • DHFL official would like to have a personal interview with the prospective borrower to assess the income level, property, investments, credit history, and the source of funds to meet the margin requirements.
  • On completion of the verification process, DHFL would proceed with the processing of the loan application.
  • On the approval of the loan, DHFL would provide the loan offer letter containing the terms and conditions of the sanction.
  • You have to accept the terms and conditions and return one copy of the letter duly signed
  • The execution of the Home Loan documents is the next step
  • The banks will disburse the loan as per the terms of the sanction
  • Proceed with the creation and registration of the equitable mortgage

How to Calculate DHFL Home Loan EMI?

You can use the EMI Calculator at MyMoneyMantra to determine your EMI for DHFL Home Loan.

Here are the steps to follow:

  • Visit www.mymoneymantra.com
  • Go to EMI Calculator under Financial Tools tab
  • Enter the loan amount you require, tenure, and rate of interest for your Home Loan
  • Click on Calculate button

You get the complete information which includes your loan EMI, total interest payable on loan, and total payable loan amount (principal + interest). 

DHFL Home Loan Customer Care

You can contact DHFL Customer Care at their following Toll-Free numbers:

1800 3000 1919 or 1800 22 34 35

Corporate address:

National Housing Bank

Department of Regulation & Supervision,

4th Floor, Core 5A,

India Habitat Centre,

Lodhi Road,

New Delhi - 110 003

Customers can also book a complaint by writing an email to the customer care team of DHFL. Their email address is - response@DHFL.com.

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MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Home Loans up to 10 crore for housing loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply.

DHFL Home Loan FAQS

✅ Will the DHFL Home Loan EMI remain constant or change in future?

  • Commonly, the Home Loan EMI remains unaltered except if the client demands for a change and the same is endorsed by DHFL subject to its eligibility conditions (take note of that ostensible charges may apply for affecting a client started a change in EMI).
  • On the off chance that the rate of interest on your Home Loan increases, DHFL will ordinarily keep the EMI constant yet increase the loan tenure. In this way, you will pay the same EMI yet for a more drawn out duration. On the off chance that the interest rates increase to a degree that the amended loan residency is more than the most extreme reasonable by DHFL, the bank may increase your EMI amount.
  • For halfway dispensed loans profited under tranched EMI plot, your loan EMI will increase with each payment.

✅ Why is it recommended to calculate DHFL loan EMI before taking a loan?

It is important to calculate Home Loan EMI before taking a Home Loan. There are a few benefits of computing your DHFL housing loan EMI as talked about underneath:

  • In the event that EMI turns out to be more than your monthly budget, at that point you have the opportunity to apply for a lower loan amount which accommodates your monthly budget and makes EMI effortlessly moderate.
  • If you know the EMI you need to pay each month, at that point you can design your spends likewise.
  • If you know your EMI, you can also opt for prepayment of your Home Loan in future when you to have the surplus amount.

✅ Will Home Loan EMI change if I opt for prepayment?

DHFL permits prepayment at nil or minimal charges of up to 2% of the amount being prepaid. When you make a prepayment, the outstanding balance of principal amount on your Home Loan lessens. For this situation, you may decide to either keep the EMI same and lessen the loan tenure or decrease the EMI and keep the loan tenure the same. It is valuable to keep the EMI constant and shorten the loan tenure as you pay less interest to the bank in this alternative.

✅ What are the different types of Home Loans offered by DHFL?

DHFL offers a variety of Home Loans such as New Home Loan, Home Renovation Loan, Home Construction Loan, Home Extension Loan, Plot Loan, Home Loan Transfer, Plot and Construction Loan, and Pradhan Mantri Awas Yojana (PMAY).

✅ Who can be a co-applicant?

Co-owners of the property offered as collateral are co-applicants by default. Apart from them you can bring your spouse, father, son, or any other eligible blood relative as co-applicant.

✅ What is the maximum repayment period for DHFL Home Loan?

The maximum repayment period for DHFL Home Loan is 30 years

✅ Do I need a guarantor to get DHFL Home Loan?

No. DHFL does not ask you for a Guarantor. However, you can have a co-applicant if you want.

✅ How much time does DHFL take to approve a Home Loan application?

It usually takes about 3-15 days for DHFL to approve a Home Loan application, subject to the submission of proper documentation by the applicant.

✅ How much time does DHFL take for Home Loan disbursement?

DHFL usually takes about 3-15 days to get the loan amount disbursed into your account after submitting complete documentation, and completing all relevant procedures, including payment of 15% of the cost to the property seller.