Highlights
Apply for DHFL Home Loan at 9.05% Interest Rates March 2023
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 March 2023.
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DHFL Home Loan Interest Rate March 2023
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.
Particulars | Details |
---|---|
Interest Rate | 9.05% - 9.95%* |
Tenure | Up to 30 years* |
Processing Fees | INR 2,500 + applicable GST* |
Prepayment Charges | 3% + 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 March 2023
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 EMI, Total Interest Outgo, Total Repayment (Interest + Principal)Loan Amount Interest Rate Tenure Monthly Instalment Total Interest Amount Total Amount ₹ 30,00,000 9% 1 ₹ 2,62,354 ₹ 1,48,253 ₹ 31,48,253 ₹ 30,00,000 9% 2 ₹ 1,37,054 ₹ 2,89,301 ₹ 32,89,301 ₹ 30,00,000 9% 3 ₹ 95,399 ₹ 4,34,371 ₹ 34,34,371 ₹ 30,00,000 9% 4 ₹ 74,655 ₹ 5,83,446 ₹ 35,83,446 ₹ 30,00,000 9% 5 ₹ 62,275 ₹ 7,36,504 ₹ 37,36,504 ₹ 30,00,000 9% 6 ₹ 54,077 ₹ 8,93,516 ₹ 38,93,516 ₹ 30,00,000 9% 7 ₹ 48,267 ₹ 10,54,448 ₹ 40,54,448 ₹ 30,00,000 9% 8 ₹ 43,951 ₹ 12,19,259 ₹ 42,19,259 ₹ 30,00,000 9% 9 ₹ 40,629 ₹ 13,87,902 ₹ 43,87,902 ₹ 30,00,000 9% 10 ₹ 38,003 ₹ 15,60,328 ₹ 45,60,328 ₹ 30,00,000 9% 11 ₹ 35,882 ₹ 17,36,478 ₹ 47,36,478 ₹ 30,00,000 9% 12 ₹ 34,141 ₹ 19,16,293 ₹ 49,16,293 ₹ 30,00,000 9% 13 ₹ 32,690 ₹ 20,99,705 ₹ 50,99,705 ₹ 30,00,000 9% 14 ₹ 31,468 ₹ 22,86,645 ₹ 52,86,645 ₹ 30,00,000 9% 15 ₹ 30,428 ₹ 24,77,040 ₹ 54,77,040 ₹ 30,00,000 9% 16 ₹ 29,535 ₹ 26,70,811 ₹ 56,70,811 ₹ 30,00,000 9% 17 ₹ 28,764 ₹ 28,67,880 ₹ 58,67,880 ₹ 30,00,000 9% 18 ₹ 28,093 ₹ 30,68,163 ₹ 60,68,163 ₹ 30,00,000 9% 19 ₹ 27,507 ₹ 32,71,574 ₹ 62,71,574 ₹ 30,00,000 9% 20 ₹ 26,992 ₹ 34,78,027 ₹ 64,78,027 ₹ 30,00,000 9% 21 ₹ 26,537 ₹ 36,87,432 ₹ 66,87,432 ₹ 30,00,000 9% 22 ₹ 26,135 ₹ 38,99,701 ₹ 68,99,701 ₹ 30,00,000 9% 23 ₹ 25,778 ₹ 41,14,740 ₹ 71,14,740 ₹ 30,00,000 9% 24 ₹ 25,460 ₹ 43,32,460 ₹ 73,32,460 ₹ 30,00,000 9% 25 ₹ 25,176 ₹ 45,52,767 ₹ 75,52,767 ₹ 30,00,000 9% 26 ₹ 24,922 ₹ 47,75,571 ₹ 77,75,571 ₹ 30,00,000 9% 27 ₹ 24,694 ₹ 50,00,779 ₹ 80,00,779 ₹ 30,00,000 9% 28 ₹ 24,489 ₹ 52,28,300 ₹ 82,28,300 ₹ 30,00,000 9% 29 ₹ 24,305 ₹ 54,58,045 ₹ 84,58,045 ₹ 30,00,000 9% 30 ₹ 24,139 ₹ 56,89,924 ₹ 86,89,924 Year Principal Interest Balance 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 Individuals | Self-Employed Businessmen | Self-Employed Professionals |
---|---|---|
KYC Documents | KYC Documents | KYC 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 Accountant | Copy 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 month | Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant | Copy 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 months | Brief Business Profile on the Letter Head of the firm by the applicant | Brief Business Profile on the Letter Head of the firm by the applicant |
Company profile if it is a lesser known organization | Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account | Bank 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 business | Copy 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 challan | Copy 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.