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    We found 1 DHFL Home Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9% - 9.75%
    5,000 to ₹20,000 One time fee
    1L - 5Crs
    1-30 Years
    Response Time : Within 30 minutes
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    DHFL Home Loan

    DHFL Home Loan Interest RatesUpdated on 13 Dec 2017

    DHFL Home Loan Details
    Interest Rate 9% to 9.75%
    Processing Fees Rs.5000 to Rs.20000
    Loan Tenure 1 Year to 30 Years
    Partial pre-payment Charges Nil
    Pre-closure Charges Nil
    Guarantor Required No Guarantor Required

     

    DHFL Housing Loan

    DHFL’s network of 359 offices that’s spread across the nation provides services to its demanding customer base. There are also international representative offices in UAE, London and UK to cater to the increasing NRI population in these places. DHFL also has tie-ups with private and public sector banks such as United Bank of India, Punjab & Sind Bank, Central Bank of India and YES bank.

    Apply for Home Loan Online
    DHFL Housing Loan

    Features of DHFL Housing Loan:

    1. Loan amount: The maximum loan amount available to customers of DHFL Bank can extend up to 80% of the property’s market value, or 85% of the property’s worth (inclusive of registration charges and stamp duty fees), whichever is less.
    2. Loan Tenure: Home loans from DHFL Bank can be availed for tenures ranging from one year to 30 years. However, the term will be shorter in case the borrower is nearer to his / her retirement age. The term cannot extend beyond 60 years of age for salaried individuals and 65 years for self-employed individuals.
    3. Purpose of Finance: Home loans from DHFL Bank can be availed to either construct a home / flat, or to purchase an already constructed home / flat.
    4. EMI Reduction: The EMI on a home loan from DHFL Bank can be reduced if the tenure of the loan selected by the borrower is 30 years. Making the most of this option will ensure that you will have additional cash for living and lifestyle expenses among others.
    5. Rate of Interest: Home loans from DHFL Bank can be availed at the Retail Prime Lending Rate (RPLR). This rate changes at regular intervals of time depending upon a variety of factors and conditions that drive the money market.
    6. Processing Fees: The processing fee charged to a borrower at the time of availing a loan is basically the fee for processing your application. The processing fee for salaried individuals ranges between Rs.5,000 and Rs.20,000, while the fee applicable to self-employed individuals is 1.5% of the loan amount. Tax will be charged as applicable.
    7. Repayment: Individuals who take out a home loan from DHFL Bank will be offered two options with regards to repayment, viz. Electronic Clearing Service and post-dated cheques. Payments through ECS can be made after you have provided standing instructions to your bank, while payments through post-dated cheques will be drawn from your salary / savings account.
    8. Tax Benefits: Home loans from DHFL Bank provide tax benefits to borrowers. Section 24 of the Income Tax Act of India states that interest amounts paid to the bank will be exempt from tax to the extent of Rs.1.5 lacs. Principal amounts repaid in the same year are also tax free to the extent of Rs.1 lac.
    9. Enhancement of Loan Amount: While home loans from DHFL Banks can be availed by individuals, adding a co-applicant can enable you to enhance your loan amount and gain access to additional funds.

    DHFL Home Construction Loan 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 or 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: The amount for processing your application will be as follows:
      Self-Employed Professionals (SEP)/ Salaried individuals (SAL) Self-Employed Non Professionals (SENP)
      5000* to Rs. 20,000* 1.5%*

      * Tax As Applicable

    6. Easy Repayments: you can go for either of the following options when it comes to repayment of the loan:
    7. ECS (Electronic Clearing Service) which will be based on standing instructions to your bank
    8. Post Dated Cheques (PDCs) which will be taken from your Savings/Salary account
    9. 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.
    10. 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.
    11. 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

    Features of DHFL Home Extension loan:

    1. Tenure & Term: This loan has long tenure terms ranging from 1 to 20 years, giving you flexibility when it comes to repayment. You can get a loan until 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 extend a part of your home on a plot that you own, then the DHFL Home Extension Loans is the perfect loan for you.
    3. Low EMI: Up to 20 year tenure means that EMIs will be affordable.
    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: The amount for processing your application will be as follows:
      1. Self-Employed Professionals (SEP)/ Salaried individuals (SAL)
      1. Self-Employed Non Professionals (SENP)
      1. 5000* to 20,000*
      1. 1.5%*

      * GST As Applicable

    6. Easy Repayments: you can go for either of the following options when it comes to repayment of the loan:
    7. ECS (Electronic Clearing Service) which will be based on standing instructions to your bank
    8. Post Dated Cheques(PDCs) which will be taken from your Savings/Salary account
    9. Home Loan Tax Benefits: the Home Construction Loan scheme will let you avail maximum tax benefit. You will be saving up to 70,000 tax annually.
    10. 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.
    11. Easy Documentation: You can make the processing faster by keeping these documents ready:
      • Property related documents
      • KYC (Know Your Customer) documents
      • Proof of Income documents and bank statements as per log-in checklist

    DHFL Home Loan for Self-Employed Features and Benefits:

    1. Term and Tenure: A tenure ranging from 1 year up to a maximum of 15 years can be availed. The loan term can be extended up to the borrower becoming 65 years of age.
    2. Purpose: This home loan is tailored for self-employed individuals, both professionals as well as non-professionals, such as doctors.
    3. Low EMI: The flexible repayment option of your loan, along with the extended loan tenure, means that the EMI is reduced significantly so that your lifestyle is not affected.
    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: As a Self-Employed Professional or a Salaried Individual (SAL), a fee between Rs. 5000 and Rs. 20000 will be charged. As a Self-Employed Non Professional (SENP), the applicant will be charged 1.5%.
    6. You have options of repayment and based on the EMI chosen on your Home Loan, you can opt for Electronic Clearing Service and Post Dated Cheques.
    7. Applicant/ Co – Applicant Option: Application for the loan can be done as a sole applicant or you can have a co-applicant. If opting to apply with co-applicant, the loan amount that you are eligible for can be enhanced considerably.
    8. Simple Documentation Process: One of the highlights of applying for a home loan at DHFL is the extremely simple documentation process. The following documents need to be submitted: KYC documents, a. Documents related to the property, Bank Statements/ Proof of Income documents as per the login checklist.

    DHFL Housing Loan Eligibility

    Applicants can avail 80% of market value or up to 85% of the cost of property (which includes stamp duty and registration fees), whichever is lower, as home loan. If applying with an earning co-applicant, the loan amount can be further enhanced.

    The following factors are taken into account to determine the actual Home Loan amount:

    • Age
    • Repayment Capacity
    • Educational qualifications
    • Number of dependents
    • Stability and continuity of income
    • Co-applicant’s income
    • Liabilities
    • Assets
    • Saving habits etc.

    Documents Required for DHFL Home 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 Rs. 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
    Non resident Indians (NRIs)
    • KYC Documents
    • Last three 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.
    • Salary Certificate from the employer which mentions the name of the applicant as it appears in the passport, passport number, date of joining, latest salary, designation and perquisites. This must be mentioned in English.
    • Latest Income Tax Returns (if the applicant files IT returns in India).
    • If the applicant is a Self Employed Individual, he/she needs to provide documents which prove the business (such as Trade License, agreement with sponsor or Registered Power of Attorney etc.
    • Passport copy with valid residence visa page.
    • Property related documents and detailed cost estimates which has been drawn up by an Architect/ Engineer (from India).
    • Labor contract copy / Work Permit/ Photocopy of Identity card or any other proof of employment which was issued by concerned Government authorities.
    • Draft payable at the place where the application will be processed or processing fee cheque drawn on applicant’s bank in India.
    • If applicable, copy of all overseas bank statements
    • If documentary evidence like frequent remittance of fund to India or bank statement for credit salary is not available, the income documents for salaried should be attested by the embassy official
    • Last 6 months’ copy of NRO/ NRE bank statement
    • If applicable, last 6 months’ copy of all overseas bank statements
    • Copy of Continuous Discharge Certificates
    • If applicant is not available in India, the Power of Attorney (POA) for signing of documents in DHFL’s format will have to be provided.

    List of Loan Documents Needed for KYC Compliance:

    1. Photo Id Proof (Any One)
      • Passport
      • PAN Card
      • Voters ID Card
      • Driving License
    2. Residence Proof (Any One)
      • Telephone Bill
      • Letter from Employer
      • Electricity Bill
      • Ration Card
      • Bank Statement / Pass book with address

    DHFL Home Loan Interest Rate:

    The table below indicates the interest rate which starts at 9.00% and goes up to 10.00%. This variation depending on whether the borrower is in the category of salaried individual, SEP or SENP. The interest rate is also dependent on the loan amount:

    Loan Amount Entity Applicable ROI DHFL (Salaried / SENP/ SEP)
    Up to Rs. 25 Lacs SEP/ Salaried 9.00%
    SENP 9.10%
    Above Rs. 25 Lacs up to 75 Lacs SEP/ Salaried 9.00%
    SENP 9.010%
    Above Rs. 75 Lacs to Rs. 100 Lacs SEP/ Salaried 9.15%
    SENP 9.25%
    Loans above Rs. 100 Lacs to Rs. 150 Lacs SEP/ Salaried 9.15%
    SENP 9.25%
    Loans above Rs. 150 Lacs to Rs. 300 Lacs SEP/ Salaried 9.35%
    SENP 9.45%
    Loans above Rs. 300 Lacs SEP/ Salaried 9.75%
    SENP 10.00%

    DHFL Home Loan Fees and Charges

    DHFL makes sure that customers are completely satisfied with their home loans by providing various added services. Here is a list of home loan associated services and their charges

    Sr. Charges Home Loans
    1 Modification Charges/ CERSAI Registry For loans up to Rs. 5 Lacs, the modification charge is Rs. 50/ + Applicable Tax For loans above Rs. 5 Lacs, the modification charge is Rs. 100/ + Applicable Tax
    2 Technical Fee (for property situated outside geographic limit or for additional property or for pre technical) If its within 60 Km radius, the borrower will not be charged. If it’s beyond 60 Km, the borrower will be charged Rs. 500 for first Visit and Rs. 750 for subsequent Visit.
    3 Valuation fee in Construction Linked Loan cases For the first visit, the borrower will not be charged. After the first visit, the rest of the visits will be charged Rs. 500 per visit
    4 Overdue Charges on default instalment (EMI/Pre-EMI) On the outstanding dues, 18% Per annum
    5 ECS/ Cheque Bounce Charges Rs 250 and Applicable tax
    6 Pay Order/ Demand Draft issuance Charges Actual Bank Charges or Rs. 150 per lac, whichever is higher + Applicable Tax
    7 ECS/ Cheque Swapping Charges (per set) Rs. 250 per swap
    8 Prepayment Charges (Easy Land-cum Construction Loans/ Plot loans) 3% + Applicable Tax in the event that the borrower failed to construct the housing unit on the plot within 3 years from when he/she received the first disbursement of the loan.
    9 Legal Charges Legal charges will be charged on a case to case basis
    10 Conversion Charges For loan up to 75 lac, Rs. 2500 + Applicable Tax will be charged. For loan above 75 lac, Rs. 5000 + Applicable Tax will be charged
    11 Non-encumbrance Certificate At actual
    12 Recovery Charges At actual
    13 Duplicate No Dues Certificate Rs. 250/- + Applicable Tax
    14 Copy of Property Papers Rs. 500/- + Applicable Tax
    15 Custodial Fee for keeping Property Documents in Closed Loans Rs. 500 per month (post 60 days from loan closure date) + Service Tax
    16 Duplicate Annual Account Statement, Provisional Certificate Rs. 250/- + Applicable Tax
    17 Documents Retrieval and Handling Charges (This will be chargeable when the applicant hands over security documents on closure of loan) Rs. 2000/ for loan above Rs. 10 Lacs + Applicable Tax Rs. 1000/- for loans up to Rs. 10 Lacs + Applicable Tax
    18 Loan closure (fully)/ prepayment statement charges Rs. 500 + GST
    19 Interest /ECS Bounce charges in FD repayment / Brokerage payment due to customer’s error/ fault relating to Bank account as above Rs. 250 per transaction + Applicable Tax
    Customer Profile Min Log In Fees
    SENP PF for SENP (Net PAT): 0.5% + Taxes Rs. 2500 or applicable PF whichever is lower + Taxes
    (Others): 1.5% + Taxes
    Salaried/SEP Loans above 75 lacs: Rs. 20000/- + Doc Charges + Taxes Applicable PF or Rs. 2500, whichever is lower + Taxes
    Loans above 30 lacs and up to 75 lacs = Rs. 10000/- + Doc Charges + Taxes
    Loans up to 30 Lacs = Rs. 5000/- + Doc Charges + Taxes

    DHFL Home Loans EMI Calculator:

    • Go to the official website of home loan EMI calculator page: www.dhfl.com/home-loan-emi-calculator/
    • Enter your name.
    • Enter your email ID.
    • Enter your mobile number.
    • Check the box above the ‘Submit’ button.
    • Click on ‘Submit’ to know your EMIs.

    Pradhan Mantri Awas Yojana By DHFL Bank

    Pradhan Mantri Awas Yojana or PMAY is an initiative that has been taken by the Government of India following the ‘Housing for all by 2022’ goal. This scheme will help a lot of people to live their dream of owning a house. Affordable housing loan solutions are offered under this initiative by the Credit Linked Subsidy Scheme (CLSS) for the Middle Income Group (MIG), Economically Weaker Sections (EWS) and Lower Income Group (LIG). Both MIG 1 and MIG 2 are included under this scheme.

    Features and Benefits of PMAY Scheme:

    • Loan Amount: For Lower Income Group (LIG) and Economically Weaker Sections (EWS), the applicant can avail a home loan of up to Rs.25 lakh. This includes the insurance amount too. In case of Middle Income Group (MIG), loan amount up to Rs.140 lakh can be availed including the insurance.
    • Term and Tenure: The housing loan tenure ranges between 1 year and 30 years. The term never extends beyond 60 years or the retirement age, whichever comes earlier.
    • Interest Subsidy: For Lower Income Group (LIG) and Economically Weaker Sections (EWS), the subsidy can be availed for loan amount of up to Rs.6 lakh. These loans will come with an interest subsidy of 6.50% for a 20 year tenure or the loan tenure, whichever is lower. In case of the Middle Income Group customers, subsidy can be availed up to a loan amount of Rs.9 lakh. It comes with an interest subsidy of 4% for a 20 year period.
    • Processing Fee: The processing fee on the amount of loan as per the maximum applicable subsidy is to be refunded after the claim is received from NHB.
    • Easy Repayments: There are 2 options that an individual can choose:
      • PDCs or Post Dated Cheques that are drawn on the salary or savings account.
      • Through Electronic Clearing Service or ECS based on the standing instructions provided to the bank.

    Eligibility for Applying PMAY Scheme:

    • First time house purchasers who are going to be the end users.
    • Female property ownership is a must for LIG and EWS. It is not mandatory for MIG 1 and 2. The property can be owned by a male member of the family.
    • Applicant of the housing loan should not have availed any state government subsidy, central government subsidy or housing benefit under the Pradhan Mantri Awas Yojana.
    • Not applicable on the improvement loans or renovation loans for the Middle Income Group.
    • The property must be located in urban areas as per the 2011 census.

    Types of Home Loan Schemes Provided by DHFL

    1. Home Purchase Loan: This loan is commonly availed to purchase a home.
    2. Home Construction Loan: This loan is availed for the construction of a new home
    3. Home Improvement Loan: This loan is availed to carry out repair works and renovations to a housing unit that is already owned by the borrower.
    4. Home Extension Loan: This loan is availed for the purpose of expanding/ extending an existing home (for example, adding an extra room, etc.)
    5. Land Purchase Loan: This loan is availed for the purchase of land, for investment or to construct a home.
    6. Plot Loans: This type of home loan is availed for applicants to purchase Non Agriculture Plot Loans.
    7. Home Loans for Self Employed: This home loan is tailored to meet the needs of Self-employed Professionals and Non-Professionals (like Doctors, Small retailers, Architects etc.)
    8. Home Loan Transfer:This Home Loans is for the purpose of transferring home loan from other Housing finance companies or Banks.

    Why Apply for a DHFL Home Loan Through BankBazaar?

    Here’s why applying for a DHFL home loan through BankBazaar is the smarter option:

    • Compare and Review: it’s easy to compare the DHFL home loan with the numerous other options available in the market. Not only do you have access to authentic reviews from customers in situations similar to yours, but you can also contact BankBazaar’s expert customer support team to get any doubts cleared up.
    • Save time: Time is money. BankBazaar’s interactive approach for applying loans allows you to save the time you would have normally spent on going to different sources to check features, interest rates, eligibility factors, terms and conditions etc. Everything from getting the list of required documents, applying and receiving confirmation from the bank etc. can be done on one platform.
    • Simple, transparent processing: When you are applying through Bankbazaar, there is no need to worry about red-tape, hidden charges etc. Also, everything is presented in such a simple format that you don’t feel overwhelmed at the application stage itself.
    • Safety first: The complete safety of your personal information is Bankbazaar’s priority. The information is carefully is only passed through robust, encrypted systems and available only to the bank in question so that there is no chance of malicious activity.

    FAQs On DHFL Home Loan

    1. What are the basic eligibility conditions for a home loan from DHFL?

      These are the basic requirements needed to qualify for a home loan with DHFL:

      • Be an Indian resident/ NRI
      • Aged above 21 years when availing the loan
      • Aged below 65 years when the loan matures
      • Be a salaried individual or self employed
    2. Who can I co-apply with?

      All co- applicants need not be co-owners. Co-applicants can be wife, husband, son, father etc.

    3. What is the maximum loan tenure for the DHFL Home Extension Loan?

      You can avail the flexible repayment tenure for up to 20 years.

    4. What are the options I have for repayment?

      Repayment can be done using two options:ECS or PDCs. ECS(Electronic Clearing Service) is based on standing instructions to your bank andPost Dated Cheques (PDCs) is repayment in which it is done from yourSavings/Salary account.

    5. What is the purpose of availing the home extension loan?

      The purpose of the home extension loan is to borrow money for the purpose of extending your home. In case you decide that you need more space in your existing home in the form of a room built on the terrace for example, this loan can prove to be very useful.

    6. What are the tax benefits I could avail because of home loans?

      As a resident Indian, you are eligible for certain tax benefits on the principal and interest components of your home loan. According to the Income Tax Act 1961 rules, the current applicable exemption under section 24(b) is Rs. 1,50,000/- for the interest amount paid in the financial year and up to Rs. 1,00,000/- (under section 80 C) if the principal amount repaid in the same year.


     

    News About DHFL Home Loan

    • Home Loan Growth Expected by DHFL

      DHFL announced that a home loan growth of approximately 30% is expected in the present fiscal year. This growth is being predicted by the organisation as there is increased demands from the smaller towns and cities.

      The Tier 2 and Tier 3 cities of this country have always been the organisation’s target for expanding their lending portfolio. Harshil Mehta, the Joint Managing Director of DHFL, is very optimistic about the growth that they intend to achieve. The ‘Griha Utsav’ exhibition was started by DHFL in July 2017. This showcased the affordable housing finance solutions designed for the LIG (Low Income Group) and MIG (Middle Income Group).

      7th December 2017

       
    • DHFL Is Expected Growth In Assets In North India

      DHFL is one of the leading housing finance company in India. According to a top official, DHFL who expertise in home loans is targeting a 35% growth in their assets in North India this financial year.

      Harshil Mehta, joint Managing Director & CEO of DHFL stated that this increase in assets will be a significant improvement in their loan book. It is noteworthy that DHFL currently has 92 branches which serves over 175 locations in North India and their loan book is currently valued at Rs.10,000 crore.

      The main product that is going to increase the growth of assets of DHFL in North India was retail home loans.

      Harshil Mehta further stated that when they look at the 92 branches they feel that they are well spread and they are now focusing on expanding their distribution network.

      07th November 2017

    • DHFL Looking to Grow by 30% in FY18

      Amongst all housing finance companies, DHFL (Dewan Housing Finance Corporation) has topped the list in earnings this quarter. Harshil Mehta, the CEO of DHFL said in an interview that the company is looking to grow above 30% in FY18, as opposed to 18–20% in earlier years.

      When asked if the growth on profit and return on equities can go beyond 30% this year, he said, “We grew at about 30% in Q2, our profitability grew at about 23-24% which is in line with our assets under management (AUM) growth. Ultimately, it is the AUM which is giving you the interest income. So, we are fairly optimistic that if we continue to grow at 30 percent, our profitability should match up with our AUM growth.”

      2nd November 2017

    • DHFL records rise by 29%

      DHFL or Dewan Housing Finance Corporation clocked a rise in its net profit by 29%. At the end of the June quarter, the profits for Dewan Housing Finance Corporation stands at Rs.260.48 crore. During the same quarter last year, the profits of this company stood at Rs.201.40 crore.

      The income generated from the operations also went up to Rs.2,407.78 crore. In the same quarter during the last year, the income generated from the operation stood at Rs.1,955.56 crore. There have also been an increase in the home loan sanctioned by DHFL. Last year, during this period, the home loan sanctioned by DHFL was Rs.8,800.68 crore. This year, the home loan sanctioned by DHFL stands at Rs.10,862.79 crore.

      26th July 2017

    • DHFL aims 18 to 20% disbursement growth rate

      The disbursement growth rate is expected to be between 18 to 20 % in the coming future, said Harshil Mehta, CEO of Dewan Housing Finance Corporation (DHFL).

      Harshil said that the company has also managed to cover the shortfall that arose during demonetization. He added that interest rates will be maintained between 3 to 3.1 % and the focus will be more on individual retail home loans.

      It was also announced that assets under the management of the company will stand at Rs 1 lakh crore by Financial Year 2018.

      16th May 2017

       
    • Demonetization improved DHFL’s housing finance growth

      In a recent interview with Housing Finance chairman Kapil Wadhawan mentioned that Dewan Housing Finance Corp. Ltd. is expecting more growth in terms of housing finance. Following the demonetization and the initiative of housing for all or affordable housing by Prime Minister Narendra Modi, the realty sector in the market has witnessed a significant amount of growth. With property developers, builders, and financing institution coming together to make the dream of ‘housing for all’ through affordable housing and financing options come true, the amount of loan application being processed by the lenders have increased. Additionally, the subsidy on interest rates for home loans for the middle-income age group is also encouraging individuals to buy their dream home. The government along with the relevant authorities is working towards improving the realty sector in India that has been stagnant in terms of growth.

      10th May 2017

       
    • DHFL looking forward to 25% increase in home loan disbursements

      DHFL, one of the leading home loan providers in South India, is expecting a steady increase in its loan book size for the next three years.

      According to sources, the company is supposedly hinting at a 25% increase in loan disbursements in Kerala alone as major developments are supposed to take place.

      The firm is of the belief that PM Modi’s “Housing For All by 2022” and the Smart City projects in the state are likely to aid the company in reaching its goals.

      Back in 2016-17, the company had seen an increase of 20% in home loan disbursements when compared to 2015-16 and it is now hopeful that the trend continues.

      Harshit Mehta, Chief Executive Officer, DHFL, addressed the media regarding this issue and said that the company has seen steady growth as demand for affordable housing is increasing by the day. He also suggested that the rising number of housing projects in Kochi and Kerala in general will help the company grow significantly with its loan offerings.

      20th January 2017

       
    • DHFL Announce Rate Cuts Just in Time for Festival Season

      Dewan Housing Finance Corporation or DHFL has announced a cut in its lending rate in time to cash in on the added demand during the festive season. The rates were cut by almost 0.2% and now stand at 9.35% for loans of up to Rs 30 lakh which is considered as a loan for affordable housing. The rate cut comes in time after the recent cut in rates by the RBI. RBI had recently reduced its repo rates by 25 basis points and currently stands at 6.25% from the previous 6.50%. the company spokesperson said that the decrease in lending rates serve two purposes, one to meet increased demand during festive seasons and two to pass on the benefits of the RBI rate cuts to new borrowers.

      27th October 2016

       
    • DHFL Raises Rs. 10,000 Crore through Debt; Can Fin Homes Targets Rs. 3000 Crore

      Home loan company DHFL has approved the allotment of debentures worth Rs. 10,000 crore, and Can Find Homes aims to raise Rs. 3000 crore via private placement of NCDs. In the past three months, the shares of both companies have been increasing sharply.

      The effective yield on the DHFL non-convertible debentures will range between 9.05% to 9.25% per annum, and it includes tenure options of 3,5 and 7 years. DHFL shares marked an appreciation of 43% over a period of 3 months, on the basis of Rs. 208.75 closing price on June 10th. Can Fin Homes shares were also on a rally of 40.6% in the same 3-month period, and ended at Rs. 1175.65 on June 10th.

      13th October 2016

    • DHFL Launches New Ad Campaign

      Dewan Housing Finance Corporation Limited (DHFL), a lending company for housing launched their new ad campaign 'Home Loan Dilse'. The new ad campaign is an extension of their last campaign called 'Ghar Jaisa Loan' Campaign. Shah Rukh Khan is the brand ambassador and features on this ad to make people aware that the LMI group can now own a home with the convenience of home loans being more pocket-friendly than before.

      10th October 2016

       

    DHFL Home Loan Reviews

    • DHFL Home Loan
      "Charges and interest rate to be better"
      0.5 3.0/5 "Satisfactory"
      The service was faster with DHFL Bank for the home loan. But rate of interest was high compared to the marked standard. The processing fee was normal. But insurance fee was high, they provided a insurance for me as well as for my home which was not required. The customer service and response is good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Dec 09, 2017
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan experience with DHFL was good, i have taken loan for Rs 14.04 lakhs with the rate of interest of 9.5% which is bit high when compared to other sources. It took one month for the loan amount to get approved. The processing fees is very high and also there is a penalty on preclosure of the loan. Customer service was good and they followed up correctly, they provided door step service to collect the documents.
      Was this review helpful? 1
      , navi mumbai
      Reviewed on Dec 04, 2017
    • DHFL Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The DHFL took one month time to disburse my home loan amount, the required loan amount was not approved but they have approved based on my salary. The customer support was good with the DHFL , The rate of interest and the charges are nominal with the DHFL .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 02, 2017
    • 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? 1
      , bangalore
      Reviewed on Dec 01, 2017
    • DHFL Home Loan
      "GOOD"
      0.5 2.5/5 "Just OK"
      DHFL Home loan it was a ok ok experience but it could have been more better . The Rate of interest charged by DHFL was on the higher side and also they also took a PROCESSING fee from me . There were charges for everything that is one thing i did not feel good that . The Customer service was not good it could have been more better .
      Was this review helpful? 2
      , indore
      Reviewed on Dec 01, 2017
    • DHFL Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have taken a Home loan with DHFL.I have taken loan amount of 12 lakhs,rate of interest is 9.25% high as compared to other banks.I had taken it last two months.I have submitted documents to process the loan request.The online website is easy to make payment.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 29, 2017
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a Home loan form DHFL.The loan amount is 23 lakhs,rate of interest is 9.5% very high as compared to other banks.I will not recommend the bank because of the high rate of interest.I submitted the documents and they had processed the request within one week.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 28, 2017
    • DHFL Home Loan
      "Average"
      0.5 2.5/5 "Just OK"
      I am having the home loan with the DHFL limited and the customer service is not really good one. The loan amount got disbursed within couple of months. I am happy with the DHFL limited and am happy with them till now.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 25, 2017
    • DHFL Home Loan
      "Process is quick but Rate of Interest is high"
      0.5 5.0/5 "Blown Away!"
      I got Rs.25 Lakhs as Home Loan with this Financial Institution. The overall experience with them is good, even though the Rate of Interest is on a higher side. The process of application was very simple and they provide me the Loan pretty fastly.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 20, 2017
    • DHFL Home Loan
      "Good service but high rate of interest"
      0.5 4.0/5 "Great!"
      I have a Home loan with DHFL that is on going I would say that the experience with them while applying for my loan was good. The service and response is good an i have not had any issues with my monthly payments however i feel the rate of interest is high which is going for a term of 20 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • DHFL Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I had taken a home loan from DHFL, my loan application was approved and the requested amount was disbursed. The loan amount was for 15 lakhs with the rate of interest of 10.15% which is high when compared to other sources in the market. The customer service and their response was not up to the mark, door step service was not provided for document collection. Overall it was not a good experience.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 11, 2017
    • DHFL Home Loan
      "Good Home loan"
      0.5 4.0/5 "Great!"
      I got a Home Loan of Rs.5.5 Lakhs, some Seven year back with DHFL. Till date the whole experience with them has been super smooth, the information put forth by them is ideal. You also get to know the status of payment pretty swiftly. The Rate of Interest of 8.5% sounds ideal.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 04, 2017
    • DHFL Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The service was good from DHFL the documents have been collected from my door step the interest rate they offered was 8.25 which was fine compare to others in the market the payments where through online they will deduct from my savings account,it was totally a excellent experience from DHFL for my home loan service.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 30, 2017
    • DHFL Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      There was no good response from DHFL for my home loan service they never provided with any clear information even the interest rate they quote was also very high comp0are to others also there was a big error happened during the process they typed the name wrongly in the check so it happened a very disappointed from their service.
      Was this review helpful? 1
      , ernakulam
      Reviewed on Oct 30, 2017
    • DHFL Home Loan
      "Good customer service"
      0.5 3.5/5 "Pretty good"
      I had applied for the home loan from DHFL, i was happy that my loan application was approved and the requested amount was disbursed. I had taken loan for 13 lakhs with the rate of interest of 11% which is high comparatively. The customer service was good, they provided door step service for the collection of documents.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 27, 2017
    • DHFL Home Loan
      "good service"
      0.5 4.0/5 "Great!"
      I had a home loan from DHFL long before they have collected all the needed documents properly and the process was very smooth the staffs of DHFL was very good and helpful they use to update me regularly regarding the process ,it was a very good service from DHFL for my home loan service.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 25, 2017
    • DHFL Home Loan
      "average service"
      0.5 2.0/5 "Expected more"
      I am not happy with the service of DHFL the bills and payments they provide is not proper there is no proper response no intimations . But the rate of interest they offered is 11.35 which is fine ,customer service is not at all helpful I feel they need to improve their service ,the service of DHFL for my home loan service is average.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 17, 2017
    • DHFL Home Loan
      "Looking for better service and better loan experience"
      0.5 5.0/5 "Blown Away!"
      DHFL gave me regular follow up on home loan process.They have done everything on time. But they charged very high interest rate, they took 9.9% for the loan amount of Rs. 24 lakhs for the tenure of 30 years. It would be great, if they reduce the interest rate as per RBI guideline.
      Was this review helpful? 1
      , mumbai
      Reviewed on Oct 16, 2017
    • DHFL Home Loan
      "Simply great"
      0.5 5.0/5 "Blown Away!"
      DHFL housing loan is simply great , they are doing really good. I had got this loan for a period of 5 months. They had sent a mail about the documentation I had kept all the documents ready and everything was collected from me on time. Infact, I had received all the legal documents from them. There was a charge for stamp duty and registration fee, it was very much reasonable which is 0.5% it was as per the market standard. Lastly, mine is not a joint loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • DHFL Home Loan
      "GOOD SERVICE"
      0.5 3.5/5 "Pretty good"
      I had a earlier experience with DHFL for a home loan. The drawback is the high rate of interest and the high charges. The good thing is they provide loans at locations rather restricted areas where banks do not provide. They are not recommendable for the rates.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 16, 2017
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