DHFL Home Loan

Highlights

  • Apply for DHFL Home Loan at 9.05% Interest Rates November 2018
  • Check the eligibility criteria, documents checklist required for DHFL home loans

About DHFL Home Loan

Dewan Housing Finance Corporation Limited (DHFL) is helping people build or buy a dream home. The interest rates are very low for both salaried and self-employed professionals. Also, with PMAY, borrowers can get a home loan at really low rate. To know the rate of interest, processing fee, maximum loan amount, documents and eligibility criteria for DHFL home loan in November 2018.

Home Loan

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    DHFL Home Loan Interest Rates November 2018

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

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

    DHFL Home Loan EMI Calculator November 2018

    With the help an EMI calculator, it becomes easy for you to calculate your EMI anytime. It helps you know the exact EMI and hence make the comparison of EMIs easier. 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?

    Processing fee for home loan is 0.5% to 2% of the loan amount and service tax, 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 a joint home loan with co-applicant. DHFL home loan eligibility is rated upon the various parameters such as:

    • Minimum age 21 years and below 65 years
    • 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 instant approval especially your property documents have to be proper to get the 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 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 for 20 years.

    Plot or land purchase

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

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