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DMI Housing Finance Home Loan Detail

Loan amountUp to Rs. 30 Lakhs
TenureUp to 25 years
Rate of interest11.00% - 15.50% p.a.
Processing fee0.50% of the sanctioned loan amount + GST
Operation & administrative cost1.50% of the sanctioned loan amount + GST
Legal verification charges Rs. 1,500
Technical verification chargesRs. 1,500
Disbursal time6 to 30 days

Home Loan Apply Online

DMI Housing Finance Features & Benefits

  • Maximum loan to value (LTV). 
  • Quick approval.
  • Zero hidden charges.
  • Affordable interest rates.
  • Home loans offered to salaried as well as self-employed individuals. 
  • Home loans available for house or flat purchase, plot purchase, home construction, home extension, and home improvement.
  • Home loan balance transfer available.
  • Loans available for under construction as well as ready possession homes.
  • Easy home loan eligibility criteria.
  • Maximum of 6 applicants allowed for loan.

Best Home Loan Interest Rates Starting @8.50%, Check EMI & Apply Now

DMI Housing Finance Home Loan Interest Rate

DMI Housing Finance home loan interest rate varies between 11% - 15.50% p.a. The actual rate of interest at which the bank provides you the loan depends on your credit score, income, work stability, existing obligations, required loan amount, current market value of the property, and other factors.

Compare Banks to Get Lowest Home Loan Balance Transfer Interest Rate

DMI Housing Finance Comparison with Other Top Banks

Given below is a comparison of HFFC Home Loan with the Home Loan of other Top Banks.

BankLoan AmountInterest RateProcessing FeeTenure
DMI Housing FinanceUp to 30 Lakhs11% to 15.50% p.a.1.50% + GSTUp to 25 years
HDFC Home LoanUp to 90% of property value8.75% - 9.65%0.50% of the loan amount or Rs. 3000 whichever is higherMaximum 30 years
PNB Housing LoanNeed-based as per the project cost and the repayment capacity. Maximum 90% of the property value8.50%up to 0.50% of the loan amount. Minimum processing fees is Rs. 10000.Maximum 30 years
SBI Home Loan75% to 90% of the property value8.50% - 10.05%0.35% of the loan amountMaximum 30 years
Kotak Mahindra Bank Home LoanUp to 80% of the project cost8.70%0.50% of the loan amountMaximum 20 years
Canara Bank Home Loan75% to 90% of the project cost depending on the loan amount8.40% to 11.75%0.50% of the loan amount with a minimum of Rs. 1500 and a maximum of Rs. 10000Maximum 30 years
ICICI Home LoanUp to 90% of the value of the property{{CITI_BANK_HL_INTEREST_RATE}}0.50% to 2% of the loan amountMaximum 30 years
Bank of Baroda Home LoanUp to 90% of the property value with a maximum of Rs. 10.00 Crores depending on the repayment capacity8.40% - 10.60%0.25% to 0.50% of the loan amountMaximum 30 years

DMI Housing Finance Home Loan Eligibility Criteria

  • Salaried and self-employed individuals.
  • Minimum age required is 18 years.
  • Maximum age should not be above 70 years (with income documents) and 90 years (without income documents).
  • Repayment tenure is maximum Up to 25 years.
  • Maximum loan amount eligibility is up to Rs. 30 Lakhs.
  • Total 6 applicants in total co-applicants are permissible.

How to Apply for DMI Housing Finance?

You can apply for DMI Housing Finance Home Loan through:

  • Official website of DMI Housing Finance.
  • Our website, i.e. www.mymoneymantra.com.
  • Calling the customer care of DMI Housing Finance at 18001214214.
  • Visiting the nearest branch of DMI Housing Finance.

Sending your request through email at customercare@dmihousingfinance.in

DMI Housing Finance Documents Required

Identity proof and age proof

Any one of the below:

  • PAN Card
  • Aadhaar Card
  • Passport
  • Voter ID Card
  • Driving License
  • 10th Pass Certificate
  • School Leaving Certificate
Address proof

Any one of the below:

  • PAN Card
  • Aadhaar Card
  • Passport
  • Voter ID Card
  • Driving License
  • Latest Utility Bills (Telephone Bill, Electricity Bill, Water Bill, Gas Connection Bill, Postpaid Mobile Bill) 
  • Property Tax Receipt
Income proof - Salaried
  • Salary slips or bank statements of 6 months or Form 16
  • Salary Certificate (for cash salaried cases)
Income proof - Self-employed
  • ITR and/or financial statements of last 3 years 
  • Bank statement of 1 year
  • Computation of P&L and balance sheet 
  • Informal income documents
  • Proof of business existence
  • Business continuity proof of 3 years
Property documents
  • No encumbrances proof
  • Copy of title deeds chain
  • Copy of revenue record
  • Copy of map/permission
  • Estimate of construction in case of construction loan
Other documents
  • Application form from all applicant & co-applicants - Completely filled & duly signed along with photograph
  • Processing fee cheque/demand draft
  • Proof of any other EMI running (if any)

How to Calculate DMI Housing Finance Home Loan EMI?

You can easily calculate your DMI Housing Finance Home Loan EMI by using their EMI Calculator available on their website or by using our Online Home Loan EMI Calculator. The process is simple. Open the EMI Calculator, enter the loan amount, rate of interest, and repayment tenure for instant EMI calculation.

It is always beneficial to calculate your home loan EMI before applying for the loan. Knowing your EMI obligation beforehand will help you in being prepared for the upcoming financial responsibility.

DMI Housing Finance Home Loan Customer Care

You can ask any question regarding DMI Housing Finance Home Loans by calling their customer care number 18001214214. You can also send an email to  customercare@dmihousingfinance.in

Apply for Lowest Home Loan Online @ Rs. 762/Lakh* EMI

Apply for instant home loan online at Interest Rate starting from as low as 8.50% p.a. Pay EMI of just Rs. 762 per Lakh. Loan can be repaid in flexible tenure of up to 30 years. Apply now with minimal documentation. Check eligibility & get instant approval here.

DMI Housing Finance Home Loan FAQs

✅ How do I foreclose a DMI loan?

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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. 

✅ How can I check my DMI loan status?

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

✅ How do I use the DMI Finance moratorium?

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

✅ How does DMI decide the loan amount?

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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.

✅ How many joint holders can apply together for a DMI Housing Finance home loan?

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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.

✅ How will the disbursement happen in DMI Housing Finance?

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  • 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.

✅ Does DMI Housing Finance require any security against my Home Loan?

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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.