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    We found 1 DHFL Home Loan
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    Interest Rate Range
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    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 23 Sep 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.

    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:

    DHFL Home Loan
    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

    • 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

       
    • Net Profit of Dewan Housing Finance Corporation Up 6.19% QOQ

      The standalone net profit of Dewan Housing Finance Corporation for the quarter-ended June stood at Rs. 201.40 crore, up by 16.23 percent from the previous year and 6.19 percent higher than the previous quarter.

      Its Net Interest Income (NII) for the quarter, on the other hand, was Rs. 482.91 crore, up by 15.54 percent year-on-year but down by 0.62 percent quarter-on-quarter. Its standalone revenue grew by 6.9 percent from the previous quarter to Rs. 482.91 crore.

      Dewan’s registered an operating income of Rs. 365.46 crore, 10 percent higher than the quarter ended March 2016, primarily because of a 19 decline in other expenses compared to the last quarter. The company’s stock on the BSE is currently trading around Rs. 219.7, higher by 1.48 percent from the closing rate on Tuesday.

      23rd August 2016

       
    • DHFL Bonds Get Rs.19, 000 in Subscriptions

      Dewan Housing Finance Corporation Limited (DHFL) has raised Rs.19,000 crore with the public issue of its bonds, way higher than its expected Rs.4,000 crore.

      The bonds, rated AAA by CARE and Brickwork Ratings, were available in 10 interest payment options, with bonds in tenures of 3 years, 5 years and 10 years. The interest payment can be received either every month or on a yearly basis.

      High net-worth individuals invested over Rs.9,000 crore in the subscriptions. This is reportedly the highest-ever subscription received by a non-convertible debentures issue. The company is offering yields of 8.3% to 9.3%, which has encouraged investment from the public, a company source said. Agents were offered attractive incentives, which also helped boost the response.

      19th August 2016

       
    • DHFL Announces Profit Growth of 17.37%

      DHFL today announced its annual results for the year ended March 31st 2016, the highlight of which was the company’s net profit growth of 17.37%. One of India’s foremost private sector housing finance companies, the firm registered profits of Rs 729.20 crore for the year ended March 31st 2016. DHFL also registered a growth of 22.22% in their Assets Under Management (AUM) segment, reaching approximately Rs 70,000 crore, which was a significant rise from approximately Rs 57,000 crore as on March 31st 2015. Overall, the company showed growth in net profits, profit before tax, loan outstanding, loan disbursements and total income.

      10th May 2016

       
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  • DHFL Home Loan Reviews

    • DHFL Home Loan
      "Not good for banking"
      0.5 3.0/5 "Satisfactory"
      DHFL banking services are not good as well as comfortable to bank with when the market rate of interest is as 8.6 their rate of interest higher that which is hard to accept .Customer services are okay not bad but they gave charged me around 6000 for processing fee which is pathetic compared to other banks they need to reduce processing fee and rate of interest which will help.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 15, 2017
    • DHFL Home Loan
      "Housing loan"
      0.5 5.0/5 "Blown Away!"
      I had successfully taken a housing loan from DHFL. I had applied for the loan through direct channel. DHFL took around one week time to process the loan. Documentation process was completed in 10 days after 5 days the funds were released to my account. Interest rate charged by them was 8.5% and processing fee charged was 10k.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Sep 12, 2017
    • DHFL Home Loan
      "Can be better"
      0.5 2.5/5 "Just OK"
      The reason why I moved banks was DHFL interest rate was very high also, DHFL was not willing to reduce the rates. The process was quite similar to HDFC LTD. The payment was transferred via DD and the funds were released on the same day. DHFL is best suitable for customer during the initial stage as it is very easy to borrow funds from them, perhaps customer can switch over during the later stage, as the rate of interest is higher than other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 11, 2017
    • DHFL Home Loan
      "Only bank who provide home loan for gram panchayat"
      0.5 3.0/5 "Satisfactory"
      DHFL is good, they had done process home loan very great, But were not ready to reduce the rate of interest as per the government. They are doing like other banks, DHFL intimated interest rate had gone down unless I should go and approach for it. Other than that loan facilities are good like part payment and preclosure options etc.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 31, 2017
    • DHFL Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have availed a home loan with DHFL around 6 months ago. This loan has the tenure of 20 years. The fore closure and the part payments options are available. They took around 2 months to disburse my loan amount. The rate of interest is high when compared with others. I planning to transfer this home loan to some other bank.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 31, 2017
    • DHFL Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I took my housing loan with the DHFL and their interest rate is around 8.15% and the loan amount got disbursed to my account within three days of time. Process went in good manner, while it comes to documentation. Processing charges 1% from the loan amount and I dont have any issues with them till now.
      Was this review helpful? 0
      , akola
      Reviewed on Aug 30, 2017
    • DHFL Home Loan
      "Fraud and cheater....."
      0.5 0.5/5 "Unacceptable"
      I applied for a home loan from DHFL in july 2017. I got the sanction letter also but on 23rd august i received an email from DHFL gurgaon branch that my loan amount approved is 2512257/- but the amount which will be dispersed is 2340000/-. They charged 172000/- towards insurance. When i told them that i do not need any insurance product with my home loan they said the loan will not be dispersed if you do not take the insurance. It's a sheer blackmailing and cheating. I am stuck now as i am running out of time. There is no one to control these frauds. RBI should take strict action against these jholchap companies and cancel their licences.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 26, 2017
    • DHFL Home Loan
      "Worst LOCAL Bank"
      0.5 0.5/5 "Unacceptable"
      They don't have a proper process. They will change the process as per their wish. Please never approach this bank; They grab your 3000 DD beginning... Never believe this bank. Its Pakka LOCAL bank. .... You will regret later as i am doing now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 10, 2017
    • DHFL Home Loan
      "Worst bank please don't waste your time"
      0.5 0.5/5 "Unacceptable"
      Please don't go for this DHFL. Worst bank I have ever seen in my life. Sales team are blackmailers. Be carefull at the beginning try ask you 3000 to process and they take their own sweet time and finally say it did not work. Not a organised company. No proper process nothing they give in proper documents. Verbal communication is not valid remember that.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 29, 2017
    • DHFL Home Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I got the home loan with the DHFL and initially the interest rate is around 10.5% and then it changed to 10.30% and now it has currently changed to 9.30 Services are satisfactory one with them. Documentation process is very nominal , the insurance amount they have charged way high like 64000/-
      Was this review helpful? 0
      , solapur
      Reviewed on Jul 07, 2017
    • DHFL Home Loan
      "Hassle free"
      0.5 4.0/5 "Great!"
      I purchased an apartment it got a tie up DHFL, hence I processed my home loan with them. Within ten days DFHL have sanctioned my loan. I took the amount of Rs.17 lakhs for the tenure of 20 years. DHFL gave me 10.8% of interest it is floating rate one. Their service is also good like banking sector.
      Was this review helpful? 0
      , kurnool
      Reviewed on Jul 07, 2017
    • DHFL Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The DHFL is good in the service still they can give better service in concern to the home loan. I got the loan within 2months of time. The documentation process took too much of time , that was the reason why my loan got delayed. The rate of interest was high when compared with others, also I am very much happy with the loan amount.
      Was this review helpful? 0
      , panipat
      Reviewed on Jul 01, 2017
    • DHFL Home Loan
      "Very Good service"
      0.5 3.5/5 "Pretty good"
      The DHFL process was very fast in concern to the home loan. The documentation process was done in 10 days of time, within 10 days I got disbursement as well. The rate of interest is competitive and I got the housing loan on 2015 and that time DFHL offered interest rate was low . Then I would say it was very good experience with DFHL. The process was done in smoother way. I never felt any kind of hassle in their service.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 13, 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
      "Delayed response"
      0.5 2.0/5 "Expected more"
      I initially applied for a home loan with DHFL before I took the loan from Saraswat co-operative bank. The process to get my sanction letter was a very lengthy one and because of which I cancelled my plans to take the loan from them. It was not a good experience.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jun 06, 2017
    • DHFL Home Loan
      "Happy Service"
      0.5 4.0/5 "Great!"
      I think I had taken housing loan from DHFL during last year November. The loan process was really smooth, there are no issues with them in taking the loan. Interest rate is below 9% and I am happy with the bank for the housing loan process. Customer service is also good.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jun 01, 2017
    • DHFL Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      During the year 2010, I had taken housing loan from DHFL. At that time, the interest rate was 8.5% now it has been increased up to 11%. I had spoken to the bank to reduce the rate, they said they will do so. Documentation process is as same as other banks and the customer service is really good.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 31, 2017
    • DHFL Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My home loan is from DHFL. The services were good and we got a good deal from them as well. The rate of interest was of 9%, and the process was completed on time. I had applied for 24 lakhs initially and that also got sanctioned later on I have other flat with low budget so I had opted for 19 lakhs.
      Was this review helpful? 2
      , mumbai
      Reviewed on May 30, 2017
    • DHFL Home Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      I have got the home loan from DHFL and the rate of interest is nominal one with them. The loan amount got approved within fifteen days of time and the customer service are good one with them. Response is also an immediate one with them like they are okay to help on the time when it comes to customer approach.
      Was this review helpful? 2
      , bangalore
      Reviewed on May 29, 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? 3
      , coimbatore
      Reviewed on May 25, 2017
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