DHFL Home Loan
Looking for a home loan to make the house of your dreams? Try the highly affordable DHFL home loan schemes and avail a home loan at attractive interest rates starting at just 11.00% p.a. For 30 years. Easy to apply for and procure, this DHFL offers a home loan of upto 90% valueof the property. Read on to explore all the DHFL home loan details and more.
Apply for DHFL Home Loan @ 11.00% Interest Rates
Aadhar Housing Finance Details
| Interest Rates | 11.00% |
| Loan Amount | Loan up to 90% of Project cost |
| Processing Fees | Up to 0.50% of the Loan amount |
| Penal Interest Rate | 2% per month |
| Prepayment/Foreclosure Charges | Nil for floating Interest rate |
| Max Tenure | Up to 30 Years |
| EMI | Rs. 952 Per Lakh |
Additional Info: Also check DHFL Loan Against Property
Features and Benefits of DHFL Home Loan
- DHFL Home Loan interest rates starting at 11.00% 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
Also Check - Home Loan Tax Benefit
DHFL Home Loan Interest Rates
The current interest rate for DHFL Home Loan interest rate starts at 11.00% 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 for home loan may change as per the chosen Home Loan scheme.
| Eligibility factors for HDFL Home Loans | |
| Profession | Salaried/ self-employed professional/ self-employed non-professional or business owner |
| Age | Minimum 21 at the time of loan application and maximum 65 years at the time of loan maturity |
| Resident Type | An Indian resident or Non Resident Indian (NRI) |
Also Check - Home Loan Eligibility Criteria of DHFL Bank
Documents Required for DHFL Home Loan
To apply for DHFL Home Loan, you need to have the following documents in place:
| Type of Applicant | Document Type | Documents Accepted |
| Salaried Individuals | KYC Documents |
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| Income Documents |
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| Property Documents | Agreement of Sale Allotment letter & NOC from builder
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| Self-employed Professionals | KYC Documents |
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| Income Documents |
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| Property Documents |
| |
| Self-employed Non-professionals | KYC Documents |
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| Income Documents |
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| Property Documents |
| |
| Non-resident Indians (NRIs) | KYC Documents |
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| Income Documents |
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| Property Documents |
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Also Check: Monetary Policy
DHFL Home Loan Processing Fees and Other Charges
| Charge Description | Amount 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 charges | Rs. 500 + applicable GST |
| Overdue charges on default instalment | 18% p.a. on the dues outstanding |
| Demand Draft or Pay Order issuance charges | Rs. 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-up | Rs. 250 per visit + applicable GST |
| Prepayment charges for plot loans or easy land-cum-construction loans | 3% + 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 Certificate | Rs. 250 + applicable GST |
| Charges for copy of property papers | Rs. 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 Loans | Rs. 500 per month applicable after 60 days of closing the DHFL Home Loans + Applicable GST |
Also Read - Home Loan Processing Fees of All Banks/NBFC
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 on home loan
- 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 80C of 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 11.00% |
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 11.00% |
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 11.00% |
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 11.00% |
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 11.00% |
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 11.00% |
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 11.00% |
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 11.00% |
Pradhan Mantri Awas Yojana (PMAY)
| Benefits of Pradhan Mantri Awas Yojana |
| 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:
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How to Apply for DHFL Home Loan?
Applying for the DHFL Home Loan on MyMoneyMantra is a simple process:
- Visit our official website of MyMoneyMantra
- 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
Additional Info: Also check DHFL Home Loan Balance Transfer
How to Calculate DHFL Home Loan EMI?
You can use the DHFL Home Loan 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).
Also Read: 20 Lakh Home Loan
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
DHFL Home Loan FAQs
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).
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.
The maximum repayment period for DHFL Home Loan is 30 years.
No. DHFL does not ask you for a Guarantor. However, you can have a co-applicant if you want.
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.
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.