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  • Home Loan Balance Transfer to DHFL

    Repaying a home loan is a long-drawn process. It can often take decades to complete. The challenges of repayment can be more difficult if your home loan’s interest rate is very high. Therefore, you can transfer your loan to another lender offering a lower rate of interest. Like most banks and home finance companies, DHFL also provides a home loan transfer facility.

    • Borrow a maximum of Rs. 5 crore through a home loan balance transfer to DHFL
    • The transfer can include principal, interest and other charges
    • Pay the loan through ECS/NACH-based instructions to your bank, or by post-dated cheques in areas where ECS/NACH isn’t available
    • Earn deductions under Section 80C for principal payments and under Section 24B for interest payments

    Compare: Best Home Loan Transfer Rates


    DHFL Home Loan Transfer Rates

    Item Charges
    Retail Prime Lending Rate 19.42%
    Home Loan Interest Rate 9.75%
    Minimum Login Fees Rs. 2,500 plus GST. This may be adjusted against processing fee
    Maximum Loan Rs. 5 crore inclusive of principal, interest and charges
    Tenure A maximum of 30 years not extending the retirement age of 60 for salaried borrowers and 70 for self-employed borrowers
    Processing Fees For Salaried & Self Employed Professionals Rs. 0 to 30 lakh: Rs. 5,000 Rs. 30 lakh to 75 lakh: Rs. 10,000 Rs. 75 lakh onwards: Rs. 20,000 Document charges and GST will be additionally charged as applicable
    Processing Fees For Self Employed Non-Professionals Ranges from 0.5% to 1.5% of loan amount plus applicable GST
    Item Charges
    CERSAI Registry & Modification Charges Rs. 50-100 plus applicable.
    Technical Fees Property within 60 kilometer radius: No charges Property outside 60 km radium: Rs. 500 for first visit; Rs. 750 for per additional visit. GST as applicable.
    Valuation Fee No charges on first visit; Rs. 500 plus applicable GST for subsequent visits.
    Pre-Payment, Pre-Closure Charges & Balance Transfer No pre-payment or pre-closure is allowed for 6 months since first disbursement. Individual borrowers: After 6 months, no charges applied. Non-Individual borrowers: 2% of loan balance plus applicable GST, or 3% in case of plot and construction loans where construction isn’t complete within 3 years of first disbursement.
    Cheque Bounce Rs. 500 with applicable GST.

    Find Details: DHFL Home Loan

    Eligibility Criteria for DHFL Loan Transfer

    • Indian resident or non-resident Indian
    • Aged 21 at start of loan tenure and under 65 when loan tenure ends
    • Salaried or self-employed
    Documentation For KYC
    • ID proof: Any one of PAN, Aadhaar, passport, voter ID, or driving license
    • Address proof: Any one of utility bills (such as electricity, telephone, prepaid cellphone connection, water bill, or similar), ration card, employer’s letter, bank passbook or statement, rental agreement, or sale deed
    Documentation For Income Proof
      1. For salaried individuals
        1. Salary slips (last 2 months) or salary certificate
        2. If salary is paid in cash, the income details on company letterhead
        3. Statements of salary account for last 3 months
      2. For self-employed:
        1. For professionals, a certificate of qualification
        2. Income tax returns for last 2 years with computation of income
        3. P/L statements for last 2 years with audited balance sheet
        4. GST returns or TDS certificate
        5. Bank statements for last 6 months
        6. In case you’re a professional (CA, doctor, architect etc.), then certificate of qualification


    1. Is it advisable to transfer your home loan balance? 

      You can transfer your home loan to another lender offering a low interest rate. Evaluate the gains you may make in terms of interest savings against the cost of the transfer.

    2. Can I transfer my home loan to another bank or NBFC?

      Yes, you can. You can apply for a new home loan as per your eligibility with a new lender. You can foreclose the existing loan and pay EMIs to your new lender.

    3. How can I select a new lender for my home loan transfer?

      Assess the home loan marketplace and the interest rates on offer. Short-list home loans as per your eligibility and apply for the best option.

    4. Is it advisable to make multiple loan applications simultaneously?

      Several, simultaneous loan applications can bring down your credit score, which will make borrowing difficult. Instead, apply for the best loan option as per your eligibility and requirement.


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