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

    Step:1. Assessment to Determine Home Loan Eligibility

    During the first phase, DHFL representatives will determine the repayment capacity after taking into account, income and accuracy of the information furnished in the application form. In the backdrop of the details provided, the credit team will determine the amount you’ll be eligible for.

    After ascertaining the home loan amount, the representatives will now carry out a thorough credit check to scrutinize the credit history to assess the creditworthiness of the applicant. This is a critical phase since it can make or break the prospects for applicant. It's advised that you retrieve a copy of credit report before applying for a loan with a view to resolve disputes or wrong entries in the report which may go against your application.

    Step:2. Home Loan Sanction (Conditional)

    If everything goes well in the step above, DHFL will make arrangements for conditional sanction of the loan. Considering the various sub-processes involved, it may take a few days to make a decision on the loan application.

    In this phase, DHFL will issue a formal letter offering a loan amount as discussed and agreed upon. This letter will also serve as an acceptance of the loan application and should be signed by all the applicant(s) after reading the terms and conditions. The applicant is also required to verify the authenticity of information furnished in the letter and get discrepancies (if any) corrected.

    Towards the end of this step, the representatives at DHFL will advise you further on additional paperwork and the way forward.

    Step:3. Security Assessment

    This step consists of two sub-processes to be conducted simultaneously.

    The Technical Assessment will be done by a qualified surveyor who will examine the property to be provided as security. After completing the assessment, a detailed report will be submitted to DHFL for further scrutiny.

    The Legal Assessment process deals with examination of the property documents from a legal point of view. Agreements, Titles and other papers will be closely examined to determine if the property can be mortgaged for lending. Depending on the market value of the property, the terms and conditions may be slightly altered.

    Step:4. Disbursement

    After acceptance of the offer and completion of all checks including the ones mentioned in the step above, the applicant is required to submit a cheque as payment of final processing fees. Once the cheque is cleared, a loan disbursement cheque will be issued at the designated branch/office.

    The first loan repayment will begin a month after the disbursement date.

    As a well informed and educated borrower, it's paramount to be pro-active during the application process and follow the laid down procedure. Be sure to communicate through appropriate channels during various stages of processing with the representatives. Delay in supplying paperwork will result in prolongation of the approval process.

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    DHFL Home Loan Process Reviews

    • DHFL Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      The rate of interest is more compared to others, I have taken home loan from DHFL by last year. They charged processing fee which is high again. The customer service is average, the loan process was faster. The loan tenure is 20 years and partial payment is applicable after a year.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2019
    • DHFL
      DHFL Home Loan
      "Average & need to improve the service"
      0.5 3.0/5 "Satisfactory"
      I had a home loan in DHFL and it was completed. They need lot of improvement in terms of service. The customer service is not good. I have purchased a residential property. The interest rate and processing fee was high when compared to others. The loan process was good.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Mar 02, 2019
    • DHFL Home Loan
      "Good One"
      0.5 5.0/5 "Blown Away!"
      It was a good customer service i received form the DHFL bank side for the home loan process . DHLF gave me a full approval on the amount i asked for .the rate of interest was 10.15% and processing fee was 1% they charged . the money got disbursed within 15 working days and the DHLF provided me option of pre closure and part payment after an year with additional charges applicable .
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 01, 2017
    • DHFL Home Loan
      "Service and Interest rate has to be improved"
      0.5 3.0/5 "Satisfactory"
      DHFL sanctioned only 80% of amount on my property value and their loan process also got delayed. DHFL had taken around one month to process the loan, but I submitted all the papers to them, like KYC, property documents and last two years form16 etc. Finally I got the amount of Rs.33 lakhs for the tenure of 20 years. My Emi amount is Rs.33,200 every months. I am not happy with the interest rate, all banks were offering reversed interest rate of 8.5% but they giving 9% of interest rate.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 07, 2017
    • DHFL Home Loan
      "Response has to be improved"
      0.5 3.0/5 "Satisfactory"
      DHFL service is not up to the mark, they wont respond well for any queries. But their loan process was good but their response has to be improved. I have the loan amount of Rs.10 lakhs for the tenure of 15 years, I already paid it for five years remaining I should pay for ten y ears. They offered the interest rate of 12% on home loan
      Was this review helpful? 4
      , coimbatore
      Reviewed on May 25, 2017
    • DHFL Home Loan
      "Fast Service"
      0.5 4.0/5 "Great!"
      I had got home loan from DHFL. Recently I availed the loan. The interest rate is 9.80% which is nominal. It was easy for me to take a loan from them. Even they had completed the home loan process within the stipulated time. I got such a fast service from them.
      Was this review helpful? 2
      , pune
      Reviewed on Apr 26, 2017
    • DHFL Home Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      DHFL has been very transparent in the home loan process. They informed me all the details clearly. The tenure is for 20 years. The rate of interest was of 10.25%. The processing charges was normal. The whole process was smooth and easy.
      Was this review helpful? 3
      , kolkata
      Reviewed on May 27, 2016
    • DHFL Home Loan
      "Good response & clear communication"
      0.5 4.0/5 "Great!"
      I availed a Composite loan for Rs.20 Lakhs which is a type of Home loan from DHFL at an interest rate of 11.75%. The first 3 years it follows the fixed rate and later on a floating basis. I took it for 10 years. It was quite a smooth loan process and the documentation was the standard and the clearing took about 15 days. It was for a land with the construction value.
      Was this review helpful? 5
      , chennai
      Reviewed on May 23, 2016
    • DHFL Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      DFHL home loan process is good but they take much time to disburse the car loan.Rate of interest is very high comparing with other banks in the market but other charges are normal . They use to take maximum one week to complete the property verification if it is month end they will complete in three days.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 18, 2016
    • DHFL Home Loan
      "High Interest rate!"
      0.5 2.0/5 "Expected more"
      I am having my existing home loan with DHFL. They are not reducing the interest rate for the home loan. On approaching them for the home loan, it took around a month for them to approve the loan amount. I would suggest them to lower the interest rate for the loan process.
      Was this review helpful? 3
      , mumbai
      Reviewed on Mar 07, 2016
    • DHFL Home Loan
      "Lesser rate of intetrest..."
      0.5 4.0/5 "Great!"
      Home loan process was good in DHFL. Document and all the things were okay with them. Good thing is their processing charges which was lesser than other banks. Loan process was very fast but the thing is their service. Dhfl people were bit slow in terms of service.
      Was this review helpful? 1
      , delhi
      Reviewed on Mar 02, 2016
    • DHFL Home Loan
      "Simplified!"
      0.5 4.0/5 "Great!"
      Loan process was very much simplified with DHFL. Adding to that, most of the works are done by the executive at my door steps. The entire loan process was completed within 15 days of making the request. I would suggest them to revise the interest rate and processing fee charged against the home loan. I would like to recommend as they are ready to sanction the expected home loan to the customers.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Feb 20, 2016
    • DHFL Home Loan
      "Good rates "
      0.5 4.5/5 "Excellent!"
      The service provided was quite good in case of home loan process with DHFL.They take around 1months time to process the loan.They require more documents in loan process.The interest rate applied was around 10.70% for the home loan with DHFL
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jan 27, 2016
    • DHFL Home Loan
      "Good rates are provided "
      0.5 3.0/5 "Satisfactory"
      The home loan process is little in dhfl but the rate of interest, processing fee and pre closure are very good. They required the regular documents for the process. They disburse the loan in one month. It would be good if they communicate with the customer through email rather than over the phone and they can try to disburse the loan at the earliest.
      Was this review helpful? 2
      , pune
      Reviewed on Jan 19, 2016
    • DHFL Home Loan
      "Fine.."
      0.5 3.5/5 "Pretty good"
      I took Home loan from DHFL. That was last 1 year back loan. DHFL people were good. Their loan process also good. But they disbursed my loan amount within 10 days. Best thing they offered NRI people. Interest rate offered by them was 10.15 % interest which is lesser than other banks.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 24, 2015
    • DHFL Home Loan
      "Good executives..."
      0.5 4.5/5 "Excellent!"
      My Home loan was taken from DFHL. Their loan process was good and have no issues with them. Executive where really good. Specially Mr. Anjimoosty who helped me a lot. Rate of interest was 9.85% which is quiet higher than the nationalist banks. It would be great if they reduce that.
      Was this review helpful? 1
      , navi mumbai
      Reviewed on Dec 21, 2015
    • DHFL Home Loan
      "Very responsive..."
      0.5 4.5/5 "Excellent!"
      DHFL Home loan process was very good. It got my loan disbursement earlier. They did their good job and I got very good support from them also. They were very responsive. Interest rate and processing charges are comparatively good in DHFL and I would recommend them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 19, 2015
    • DHFL Home Loan
      "No response "
      0.5 4.0/5 "Great!"
      The service provided by DHFL was good based on the account maintenance process.I like the way they work on the application being submitted from customer end.The interest rate applied for the loan was around 10.90% for the loan.The processing fee applied was around 8000Rs in the loan process.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 14, 2015
    • DHFL Home Loan
      "Nice service "
      0.5 5.0/5 "Blown Away!"
      I had a very good experience with DHFL based on the home loan application.The company where I worked was not listed under the approval process of loans with DHFL so I am unable to get this home loan.The overall experience with DHFL was very good based on the home loan process
      Was this review helpful? 0
      , kolkata
      Reviewed on Dec 12, 2015
    • DHFL Home Loan
      "Fast...."
      0.5 3.5/5 "Pretty good"
      Low rate of interest and this is the reason to avail the home loan from DHFL. Offered percentage is of 9.55 and this is floating. One time charge is about 5800 rupees where I got 18lakhs from DHFL. Actual home loan process took one and half month.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 12, 2015
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