DHFL Loan Against Property

About DHFL

Dewan Housing Finance Corporation Limited (DHFL) was founded in April 1984. The NBFC was established with an aim of providing access to affordable housing finance to lower and middle- income groups in rural sections and semi-urban sections of the country.  DHFL has hundreds of offices across the country. It has also associated with several leading private banks including Yes Bank, United Bank of India and Dhanlaxmi Bank to offer home loans to the customers. The wide range of products is offered by DHFL that include home loans, insurance, mutual funds, and education loan. 

About DHFL Loan Against Property

Loan Against Property could be used for several personal and professional needs. DHFL offers a loan against residential and commercial property. The loan is offered for a longer tenure at an attractive rate of interest. The NBFC offers a loan up to a certain value of the property value as loan. All the details about DHFL Loan Against Property are mentioned below:

DHFL Loan Against Property
Loan Amount	Ranges from 20 Lakhs to 5 Crores
Loan Tenure	Flexible loan tenure that can go up to 15 years
Type of property pledged as collateral	Residential Property Commercial Property
Loan to Value (LTV)	Up to 65% of the property value
Who can apply?	Salaried Employees Self-employed Professionals Self-employed Non-Professionals
Balance Transfer	Allowed
Processing Fee	Ranges from 1% to 2% of the loan amount
Foreclosure Charges	Allowed after 6 months of the loan disbursement and 3% of the outstanding loan amount afterward
Part Pre-payment	Allowed after 6 months of the loan disbursement and 3% of the outstanding loan amount afterward
Loan Against Property can be used for	Personal and professional expenses that include acquiring an asset, educational expenses etc.
Eligibility factors	Property Value Repayment Capacity Age Assets and Liabilities of the borrower

DHFL Loan Against Property Features & Benefits

DHFL offers a loan against property with high loan amount, attractive rate of interest and easy terms and conditions.

• Attractive interest rates: DHFL is one of the growing NBFCs offering loans at attractive and low interest rates.
• Balance Transfer: The borrower can easily transfer his loan from the existing bank account or NBFC to DHFL and save his interest cost.
• Quick Loan Turnaround Period: The NBFC disburses the loan amount within two weeks of completing the loan formalities.

        

Types of Loan Against Property offered by DHFL

The NBFC offers two types of loans against property that are mentioned below:

• Loan Against Existing Residential and Commercial Property
• Loan Against Existing Residential and Commercial Plot

Eligibility Criteria for DHFL Loan Against Property

The following factors that affect the eligibility of a loan against property are mentioned below:

• Property Value: The value of the property being pledged as collateral with the NBFC affects the loan to value (LTV). The amount is subject to the property value.
• Repayment Capacity: Another factor that affects the eligibility for loan against property is the monthly income of the borrower. More the repaying capacity of the borrower more are the chances of loan approval.
• Age: The banks and NBFCs fix certain age to apply for a loan against property. In case a borrower doesn?t meet the criteria, his loan eligibility will be affected.

DHFL Loan Against Property Required Documents

The borrower is required to submit the following documents while applying for the loan that is mentioned below:

Type of Document	Salaried Employee	Self-employed
Salary slips/ Income Tax Return	Salary slip of last 3 months Form 16 or ITR Bank statement for last 6 months  Track of existing loans and repayments	Income Tax returns for the last 2 years P & L Statement and Balance Sheet of last 2 years (Certified by CA) Bank statement (main account) for last 6 months
Identity proof (Anyone)	Aadhar Card or Letter issued by the UIDAI Valid Passport Photo PAN Card Voter's ID Card Valid Driving License	Aadhar Card or Letter issued by the UIDAI Valid Passport Photo PAN Card Voter's ID Card Valid Driving License
Proof of Signature (Anyone)	Valid Passport Banker's Certificate Driving License PAN Card	Valid Passport Banker's Certificate Driving License PAN Card
Residential address proof	Aadhar Card Valid Passport Valid Driving License Voter's ID Card	Aadhar Card Valid Passport Valid Driving License Voter's ID Card
Age Proof	Aadhar Card or Letter issued by the UIDAI Valid Passport Voter's ID Card PAN Card Birth Certificate	Aadhar Card or Letter issued by the UIDAI Valid Passport Voter's ID Card PAN Card Birth Certificate

Other Available products from DHFL

• DHFL Home Loan
• DHFL Home Loan Balance Transfer
• DHFL Business Loan

 

BEST LOAN AGAINST PROPERTY OFFERS FROM OTHER BANKS

CITI BANK LAP                               HDFC BANK LAP

AXIS BANK LAP                              PNB HOUSING LAP

ICICI BANK LAP                              RBL BANK LAP

YES BANK LAP                              ADITYA BIRLA LAP

CAPITAL FIRST LAP                      FULLERTON INDIA LAP

DEUTSCHE BANK LAP                  BAJAJ FINSERV LAP

KOTAK MAHINDRA BANK LAP      STANDARD CHARTERED BANK LAP

EMI CALCULATOR