DHFL Home Loan

Highlights

  • Apply for DHFL Home Loan at 9.05% Interest Rates September 2020

  • Check the eligibility criteria, documents checklist required for DHFL home loans

Dewan Housing Finance Corporation Limited (DHFL) home loan with PMAY benefits, borrowers can get a home loan at very low rates. To know the DHFL home loan interest rate, processing fee, maximum loan amount, documents and eligibility criteria for DHFL home loan in September 2020.

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    DHFL Home Loan Interest Rate September 2020

    Below is the table showing the interest rate, maximum loan amount and the tenure available for home loans at DHFL. You may also take note of the one-time processing fee which would attract an additional 18% GST.

    ParticularsDetails
    Interest Rate9.05% - 9.95%*
    TenureUp to 30 years*
    Processing FeesINR 2,500 + applicable GST*
    Prepayment Charges3% + applicable GST*

    Disclaimer – DHFL, as of now, is doing only part disbursement. As and when DHFL resumes its normal operation, we will update you with new information.

    DHFL Home Loan EMI Calculator September 2020

    With the help DHFL home loan EMI calculator, it becomes easy for you to calculate your EMI anytime. Here is an example for your reference.

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 30,00,0009%1₹ 2,62,354₹ 1,48,253₹ 31,48,253
    ₹ 30,00,0009%2₹ 1,37,054₹ 2,89,301₹ 32,89,301
    ₹ 30,00,0009%3₹ 95,399₹ 4,34,371₹ 34,34,371
    ₹ 30,00,0009%4₹ 74,655₹ 5,83,446₹ 35,83,446
    ₹ 30,00,0009%5₹ 62,275₹ 7,36,504₹ 37,36,504
    ₹ 30,00,0009%6₹ 54,077₹ 8,93,516₹ 38,93,516
    ₹ 30,00,0009%7₹ 48,267₹ 10,54,448₹ 40,54,448
    ₹ 30,00,0009%8₹ 43,951₹ 12,19,259₹ 42,19,259
    ₹ 30,00,0009%9₹ 40,629₹ 13,87,902₹ 43,87,902
    ₹ 30,00,0009%10₹ 38,003₹ 15,60,328₹ 45,60,328
    ₹ 30,00,0009%11₹ 35,882₹ 17,36,478₹ 47,36,478
    ₹ 30,00,0009%12₹ 34,141₹ 19,16,293₹ 49,16,293
    ₹ 30,00,0009%13₹ 32,690₹ 20,99,705₹ 50,99,705
    ₹ 30,00,0009%14₹ 31,468₹ 22,86,645₹ 52,86,645
    ₹ 30,00,0009%15₹ 30,428₹ 24,77,040₹ 54,77,040
    ₹ 30,00,0009%16₹ 29,535₹ 26,70,811₹ 56,70,811
    ₹ 30,00,0009%17₹ 28,764₹ 28,67,880₹ 58,67,880
    ₹ 30,00,0009%18₹ 28,093₹ 30,68,163₹ 60,68,163
    ₹ 30,00,0009%19₹ 27,507₹ 32,71,574₹ 62,71,574
    ₹ 30,00,0009%20₹ 26,992₹ 34,78,027₹ 64,78,027
    ₹ 30,00,0009%21₹ 26,537₹ 36,87,432₹ 66,87,432
    ₹ 30,00,0009%22₹ 26,135₹ 38,99,701₹ 68,99,701
    ₹ 30,00,0009%23₹ 25,778₹ 41,14,740₹ 71,14,740
    ₹ 30,00,0009%24₹ 25,460₹ 43,32,460₹ 73,32,460
    ₹ 30,00,0009%25₹ 25,176₹ 45,52,767₹ 75,52,767
    ₹ 30,00,0009%26₹ 24,922₹ 47,75,571₹ 77,75,571
    ₹ 30,00,0009%27₹ 24,694₹ 50,00,779₹ 80,00,779
    ₹ 30,00,0009%28₹ 24,489₹ 52,28,300₹ 82,28,300
    ₹ 30,00,0009%29₹ 24,305₹ 54,58,045₹ 84,58,045
    ₹ 30,00,0009%30₹ 24,139₹ 56,89,924₹ 86,89,924

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 20,495₹ 2,69,168₹ 29,79,504
    2₹ 22,418₹ 2,67,246₹ 29,57,085
    3₹ 24,521₹ 2,65,143₹ 29,32,563
    4₹ 26,821₹ 2,62,842₹ 29,05,742
    5₹ 29,337₹ 2,60,326₹ 28,76,404
    6₹ 32,090₹ 2,57,574₹ 28,44,313
    7₹ 35,100₹ 2,54,564₹ 28,09,213
    8₹ 38,392₹ 2,51,271₹ 27,70,820
    9₹ 41,994₹ 2,47,670₹ 27,28,826
    10₹ 45,933₹ 2,43,730₹ 26,82,892
    11₹ 50,242₹ 2,39,421₹ 26,32,649
    12₹ 54,955₹ 2,34,708₹ 25,77,693
    13₹ 60,111₹ 2,29,553₹ 25,17,582
    14₹ 65,750₹ 2,23,914₹ 24,51,832
    15₹ 71,917₹ 2,17,746₹ 23,79,914
    16₹ 78,664₹ 2,11,000₹ 23,01,250
    17₹ 86,043₹ 2,03,621₹ 22,15,206
    18₹ 94,114₹ 1,95,549₹ 21,21,092
    19₹ 1,02,943₹ 1,86,721₹ 20,18,148
    20₹ 1,12,600₹ 1,77,064₹ 19,05,548
    21₹ 1,23,163₹ 1,66,501₹ 17,82,385
    22₹ 1,34,716₹ 1,54,948₹ 16,47,668
    23₹ 1,47,353₹ 1,42,310₹ 15,00,314
    24₹ 1,61,176₹ 1,28,487₹ 13,39,137
    25₹ 1,76,296₹ 1,13,368₹ 11,62,841
    26₹ 1,92,834₹ 96,830₹ 9,70,007
    27₹ 2,10,923₹ 78,741₹ 7,59,084
    28₹ 2,30,709₹ 58,955₹ 5,28,374
    29₹ 2,52,351₹ 37,313₹ 2,76,023
    30₹ 2,76,203₹ 13,640₹ 0

    What is the processing fee on DHFL Home Loans?

    The processing fee for a home loan is 0.5% to 2% of the loan amount plus Goods and Services Tax (GST), as applicable, for both salaried and self-employed applicants.

    What is the eligibility required to apply for the loan?

    You can avail a home loan of up to 85% of the property value including the stamp duty and registration fee or maximum of 80% of the market value of the property. You can also enhance the loan amount eligibility by applying for a joint home loan with a co-applicant. DHFL home loan eligibility is rated based on parameters such as:

    • Age of the applicant at the time of loan application
    • Educational qualification
    • Employment status & income stability
    • Number of dependents
    • Good Credit history and CIBIL score of 650 or above

    What are the documents required to apply for DHFL home loans?

    Below are the documents that you must have if you want to apply for a home loan at DHFL. Proper documentation would help you get an instant approval.

    Salaried IndividualsSelf-Employed BusinessmenSelf-Employed Professionals
    KYC DocumentsKYC DocumentsKYC Documents
    Salary slip for the last 2 months / Salary Certificate Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered AccountantCopy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant
    Latest Form – 16 if salary above `20000/- per monthCopy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered AccountantCopy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant
    Copy of all bank pass books / bank statements for the past 3 monthsBrief Business Profile on the Letter Head of the firm by the applicantBrief Business Profile on the Letter Head of the firm by the applicant
    Company profile if it is a lesser known organizationBank Statement for the last 6 months for the Savings Account & Current Account, O/D AccountBank Statement for the last 6 months for the Savings Account & Current Account, O/D Account
    Copy of either Shop & Establishment License / VAT Registration or any other mandatory license / registration or old ITRs evidencing businessCopy of either Shop & Establishment License / VAT Registration or any other mandatory license / registration or old ITRs evidencing business
    Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable)Copy of the Partnership Deed,Memorandum of Associations, Articles of Association (if applicable)
    Copy of Tax Deduction Certificate / Form – 16A (if applicable)Copy of Tax Deduction Certificate / Form – 16A (if applicable)
    Details of Contract (if applicable)Details of Contract (if applicable)
    Copy of Advance Tax paid / Self Assessment Tax paid challanCopy of Advance Tax paid / Self Assessment Tax paid challan
    Copy of Educational Qualification Certificate
    Copy of Professional Practice Certificate
    Salary Certificate (in case of doctors having salaried income)

    How can you check the loan status?

    If you want to know the application status of your DHFL home loan, it is absolutely easy to know the same. You just need to login to the site with your user id and password, and by doing so, you can easily track or know the current status of your home loan application.

    DHFL Home Loan login

    You can login to the online portal of DHFL with the help of the username and login password. The service is available for the convenience of the customers who prefer the online process.

    Types of DHFL Home Loans

    Read below the purposes for which DHFL provides home loans.

    • New Home Loans
    • Plot Loans
    • Home Construction Loans
    • Home Loan Balance Transfer
    • Home Extension Loans
    • Home Renovation Loans
    • Plot & Construction Loans
    • NRI Home Loans
    • Pradhan Mantri Awas Yojana (PMAY)

    Home Construction Loan

    Home construction loan is a good option for those who own a plot and want to construct a house on it. DHFL offers home construction loan to its customers at a very affordable rate. The maximum tenure of the loan is 20 years.

    Plot or land purchase

    You can avail the loan to buy non-agricultural land situated within Municipal/Local development authority limit. The loan is offered for a minimum tenure of 1 year to the maximum period of 20 years.

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