A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    DHFL Home Construction Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.65% - 10.25% Floating
    5,000 to ₹20,000 One time fee
    1L - 5Crs
    1-30 Years
    Response Time Within 30 minutes
    Home Loan BYTES FROM OUR KITCHEN

    DHFL Home Construction Loan

    In 2000, DHFL began its journey in the pursuit of making a home affordable to every Indian. Over the years DHFL has grown immensely and has become one of the country’s leading financial institutes which provide loans for the common man.

    DHFL Home construction Loan is designed to make your dream of building a home a reality. Low EMI, easy documentation and easy repayment schemes are just a few of the reasons why this loan is preferred among the many others in the market.

    Features and Benefits:

    1. Tenure & Term: With the DHFL Home Construction loan you will be eligible to tenure ranging from 1 to 20 years. However, the term does not go beyond the age of 60 years or until retirement, whichever is earlier. Self-employed individuals will get a term of 65 years.
    2. Purpose: If you are planning to build your home on a plot of land that you own then the Home Construction Loan is the perfect loan for you.
    3. Low EMI: Affordable monthly EMIs thanks to the 20 year tenure that you can avail.
    4. Interest Rates: The Interest rate applicable will be based on the money market conditions which will affect DHFL’s Retail Prime Lending Rate (RPLR).
    5. Processing Fees: Following is the amount for processing your application:
    6. Self-Employed Professionals (SEP)/Salaried individuals (SAL)

      Self-Employed Non Professionals (SENP)

      5000* to ` 20,000*

      1.5%*

      *Service Tax and Cess as applicable

    7. Easy Repayments: you can go for either of the following options when it comes to repayment of the loan:
      • ECS (Electronic Clearing Service) which will be based on standing instructions to your bank
      • Post Dated Cheques(PDCs) which will be taken from your Savings/Salary account
    8. Home Loan Tax Benefits: Avail Maximum Tax benefit thanks to the Home Construction Loan scheme. You will be saving up to 70,000 tax annually.
    9. Applicant and Co-Applicant: You can apply for a Home Construction Loan individually. You can also include an earning co-applicant when applying for a loan so as to further enhance the amount.
    10. Easy Documentation: Make sure that your application will be processed as soon as possible by keeping the following documents ready:
      • Property related documents
      • KYC (Know Your Customer) documents
      • Proof of Income documents and bank statements as per log-in checklist

    DHFL Home Construction Loan Eligibility:

    • These are the factors that will determine loan amount that you will be eligible to:
    • Repayment capacity
    • Age
    • Educational qualifications
    • Stability and continuity of income
    • Number of dependents that you have
    • Co-applicant’s income
    • Assets
    • Liabilities
    • Saving habits etc

    Documentation for DHFL Home Construction Loan:

    For verification purpose, you will need to provide the original documents.

    If you do not fall under any of these categories of applicant, please refer to the official website to check the required documents that you will need.

    Type of applicant

    Documentation

    Salaried Individuals

    KYC Documents

    Last two month’s salary slip / Salary Certificate. In case you happen to have gotten variables such as Over Time and Incentives, you must provide the salary slips for the past 6 months.

    If salary is above `20000/- per month, you will need to give the latest Form – 16.

    Last three months’ copy of all bank statements/ bank pass books. This includes the front page

    If the organization is not very well know, you will need to provide the Company profile.

    Self – Employed Businessmen

    KYC Documents

    Computation of income attested by a Chartered Accountant as well as copy of last 2 years Income Tax Returns of the applicant.

    Copy of last 2 Years Profit & Loss Account and balance sheet of the organization which is attested by a Chartered Accountant

    Short Business Profile on the Letter Head of the organization.

    Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account

    Copy of Shop & Establishment License / registration or old ITRs evidencing business / VAT Registration or any other mandatory license

    Articles of Association (if applicable), Copy of the Partnership Deed, Memorandum of Associations,

    Form – 16A / Copy of Tax Deduction Certificate (if applicable)

    Contract details (if applicable)

    Copy of Self-Assessment Tax paid challan / Advance Tax paid

    Self-employed professionals

    KYC Documents

    Computation of income attested by a Chartered Accountant as well as copy of last 2 years Income Tax Returns of the applicant.

    Copy of last 2 Years Profit & Loss Account and balance sheet of the organization which is attested by a Chartered Accountant

    Short Business Profile on the Letter Head of the organization.

    Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account

    Copy of Shop & Establishment License / registration or old ITRs evidencing business / VAT Registration or any other mandatory license

    Articles of Association (if applicable), Copy of the Partnership Deed, Memorandum of Associations,

    Form – 16A / Copy of Tax Deduction Certificate (if applicable)

    Contract details (if applicable)

    Copy of Self-Assessment Tax paid challan / Advance Tax paid

    Copy of Educational Qualification Certificate

    Salary Certificate (in case of doctors having salaried income)

    Copy of Professional Practice Certificate

    FAQs:

    1. Can I apply for a home construction loan by myself or will I need a co-applicant?

      You can apply for a Home Construction Loans individually, however, you can get a higher loan amount if you have an earning co-applicant.

    2. What options do I have for repayment?

      You have two options when it comes to repayment based on the EMIs payable. You could either go for ECS (Electronic Clearing Service) based on standing instructions to your bank or Post Dated Cheques (PDCs) which is taken from your Savings/Salary account.

    3. What is the processing fee applicable for housing loans?

      If you are salaried or self-employed, you will be charged with 0.5% to 1% + Service Tax. This depends on the nature of the case.    The other option is that you may pay upfront a minimum of` 5000/ + Service Tax or 0.5% of loan application value + Service Tax, whichever is lower. The remaining processing fees will be collected before Loan disbursement.

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