DMI
Home Loan

You can foreclose your DMI housing loan at any given point during the loan tenure, but doing so will attract prepayment charges (if applicable). You can contact the nearest DMI Housing Finance branch to make a prepayment. Usually DMI Housing Finance does not levy any prepayment charges for part or full prepayment of the housing loan. 

You can call or email DMI Housing Finance to check your home loan status. You can also visit the nearest branch.

DMI Housing Finance does not provide any moratorium on home loan.

DMI considers many factors while deciding the eligible loan amount for borrowers, such as borrower’s monthly income, their age, income stability, current EMI obligations, current market value of the property/collateral.

DMI Housing Finance allows a maximum of 5 co-applicants to apply in one single loan application along with 1 applicant. So, in total, 6 joint holders can apply.

• After the loan application is processed, it will be sanctioned in principal. 
• After loan sanction, all the legal & technical requirements will be completed.
• DMI will also verify the own funds contribution of the customer in some cases, prior to disbursement.
• After all verifications are done, DMI will initiate the disbursement in the form of Cheque/DD/NEFT/RTGS (depending on the transaction nature) in the beneficiary account.

Yes, DMI requires a security for Home Loan by way of creating the first mortgage financed. The title deeds of the property will be deposited to DMI Housing Finance Pvt. Ltd. It is the responsibility of the applicant to deposit all the title deeds to the lender. Additionally, personal guarantees can also be applicable as security, if required by DMI Housing Finance pvt. Ltd.