DHFL Home Loan

Highlights

  • DHFL home loans with lowest rate July 2018 through PMAY interest subsidy.
  • Check the eligibility criteria for DHFL home loans and then apply online.

About DHFL Home Loan

Dewan Housing Finance Corporation Limited (DHFL) is helping people build or buy a dream home. With PMAY, you can get the home loan at less than 5% per annum. To know the rate of interest, processing fee, maximum loan amount, documents and eligibility criteria for DHFL home loan in July 2018.

Home Loan

Eligibility & Quotes from top PSU & Pvt. Banks | Lowest Interest Rates | Comfortable Tenure

    Almost done, few more details required.

    DHFL Home Loan Interest Rate July 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

    Features of DHFL Home Loan

    • Maximum upto 85% of the market value
    • Loan amount also includes the stamp duty and registration fee
    • It offers you a loan for minimum 1 year and maximum for 30 years
    • Maximum age to avail a loan-60 years
    • Maximum tenure with lower EMIs
    • Easy repayment options to choose from
    • Offers tax benefits to customers up to availed tenure

    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 have already finalized a plot or already own a plot and want to construct a house on it. It offers you an opportunity to construct the house as per your wishes. DHFL offers you 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. The term, however, does not extend beyond the retirement age or 60 years whichever is earlier. For self-employed individuals, the age should not exceed 65 years.

    Home loan balance transfer

    You can avail the home loan balance transfer facility from DHFL. This facility is a boon for those who are paying higher rate of interest on their home loan. The loan is provided for the tenure ranging from 1 year to 20 years.

    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.

    DHFL Home Loan EMI Calculator

    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 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:

    • Repayment capacity
    • Minimum age 21 years and below 65 years
    • Educational qualification
    • Employment status & income stability
    • Number of dependents
    • Co-applicant’s income
    • Assets
    • Liability
    • Saving habits and other factors related to financial status

    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.

    People Also Look For

    Personal Loan Interest Rates July 2018
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank11.25% - 21.25%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank10.99% - 14.49%
    Tata Capital10.99% - 18.00%
    Home Loan Interest Rates July 2018
    State Bank of India/SBI8.45% - 9.00%
    HDFC8.50% - 9.15%
    Bank of Baroda8.50% - 9.50%
    LIC Housing8.45% - 8.90%
    PNB Housing Finance8.99% - 10.75%
    ICICI Bank8.55% - 8.80%
    Axis Bank8.50% - 8.85%
    Citibank8.40% - 9.20%
    Indiabulls Housing Finance Limited8.50% - 10.80%
    Kotak Bank8.60% - 8.70%
    DHFL9.05% - 9.95%
    Reliance Home Finance8.75% - 10.00%
    EMI Calculator