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  • DHFL Home Loan

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  • DHFL offers prospective homebuyers affordable housing loan schemes with the rate of interest starting at 9.75% p.a. over extended loan tenures up to 30 years. Avail up to 90% of the property value on loans up to Rs.30 lakh. The processing fee for salaried and self-employed professionals ranges between Rs.5,000 and Rs.20,000 plus document charges and applicable taxes. For self-employed non-professionals, the processing ranges from 0.50% to 1.50% plus GST. The EMIs associated with DHFL home loans are calculated based on monthly reducing balance. 

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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
    What you'll love
    Documents
    Perks
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    Good to Know

    DHFL Home Loan Details

    DHFL offers home loans, plot loans, construction loans, renovation loans, balance transfer loans, NRI home loans, and more. The floating rates are pegged to their retail prime lending rate or RPLR.

    Updated as per Latest Rates on 15 Dec 2019
    Retail Prime Lending Rate (RPLR) 19.42%
    Loan Amount Based on annual income and repayment capacity
    Processing Fees Salaried/Self-employed professionals: Rs.5,000 – Rs.10,000 +document charges and GST;
    Self-employed non-professionals: 0.5% + GST (Net PAT)/1.5% + GST (others)
    Penal Interest Rate 18% p.a. on the outstanding amount
    Part-Prepayment/Foreclosure Charges 2% to 3% + GST
    Max Tenure 30 Years
    Rate?Packages Available Floating

    Processing fees on home loans are vary based on your employment type: salaried, self-employed professional, and self-employed non-professional. To know the specific processing fees applicable to you, visit our DHFL Home Loans Processing Fees & Charges webpage.

    DHFL Home Loan Interest Rates

    The interest rates on DHFL home loans are pegged to their retail prime lending rate or RPLR. Find below the interest rates applicable on different home loans.

    DHFL Home Loan?Schemes Interest Rate
    New Home Loan Starting from 9.75% p.a.
    Plot Loans Starting from 10.25% p.a.
    Home Construction Loan Starting from 9.75% p.a.
    Home Loans Balance Transfer Contact DHFL
    Home Extension Loans Starting from 9.75% p.a.
    Home Renovation Loans Starting from 9.75% p.a.
    Plot & Construction Loans Starting from 9.75% p.a.
    NRI Home Loans Starting from 10% p.a.

    DHFL Home Loan Schemes

    From loans to buy or construct a new house to housing schemes that fund home renovations and extensions, DHFL offers a wide range of home loans. Interest rate on these loans start from 9.75% p.a. The bank charges a minimum processing fee of Rs.2,500 plus taxes (depending on the loan amount) and offers a repayment period of up to 30 years. These loans can be availed by salaried and self-employed individuals.

    The housing finance company offers a wide range of home loans. Some of them are:

    DHFL New Home Loan

    • Up to 90% of the value of the house can be financed.
    • Both Indian Residents and Non-Resident Indians can apply.
    • Nil prepayment charges.
    Interest Rate Minimum processing fees
    9.75% p.a. onwards Rs.2,500 (All fees are excluding document charges and taxes)

    Note: The interest rate mentioned is applicable for salaried/ Self-employed/ Residents of India/ Non-Resident Indians applicants.

    1. DHFL Home Construction Loans
      • Home loans available up to 100% of the estimate for construction.
      • Both Indian Resident and Non-Resident Indians can apply.
      • Applicants above 21 years and below 65 years of age can apply.
      Interest Rate Minimum processing fees
      9.75% p.a. onwards Rs.2,500 (All fees are excluding document charges and taxes)

      Note: The interest rate mentioned is applicable for salaried/ Self-employed/ Residents of India/ Non-Resident Indians applicants.

    2. DHFL Home Extension Loans
      • Repayment period up to 30 years.
      • Salaried and self-employed businessmen and professionals can apply.
      • No prepayment charges for individual borrowers after 6 months of the tenure.
      Interest Rate Minimum processing fees
      9.75% p.a. onwards Rs.2,500 (All fees are excluding document charges and taxes)

      Note: The interest rate mentioned is applicable for salaried/ Self-employed/ Residents of India/ Non-Resident Indians applicants.

    3. DHFL Home Renovation Loans
      • Loan tenure up to 10 years available.
      • Nil prepayment charges after 6 months of tenure if the borrower is an individual.
      • Nil foreclosure charges on fixed and floating loans if the borrower is an individual using own funds to pay off the loan.
      Interest Rate Minimum processing fees
      9.75% p.a. onwards Rs.2,500 (All fees are excluding document charges and taxes)

      Note: The interest rate mentioned is applicable for salaried/ Self-employed/ Residents of India/ Non-Resident Indians applicants.

    4. DHFL NRI Home Loans
      • Loan tenure up to 20 years available.
      • No prepayment charges if the borrower is an individual (after 6 months of loan tenure).
      • Nil foreclosure charges if the borrower is an individual using own sources to pay off the loan (on both fixed and floating).
      Interest Rate Minimum processing fees
      10% p.a. onwards Rs.2,500 (All fees are excluding document charges and taxes)

      Note: The interest rate mentioned is applicable for salaried/ Self-employed/ Residents of India/ Non-Resident Indians applicants.

    Home Loan Calculator

    If you are planning on availing a housing loan from DHFL, consider using the Home Loan EMI Calculator available on the BankBazaar website to ascertain your future EMI amount. You would be required to enter basic parameters such as the loan amount, the tenure of the loan, the interest rate, processing fees, etc.

    You can also see the amortisation table when you the calculator. This table will help you understand your repayment schedule. It will show you how much of your EMI goes towards servicing the principal and interest components on a monthly and yearly basis.

    If you are planning on making prepayments, this calculator will consider the lump sum amount and the frequency that you wish to make the prepayments and will help you understand the savings.

    DHFL Home Loan Eligibility Criteria

    Eligibility criteria Requirements
    Minimum age of the applicant 21 years
    Maximum age of the applicant 65 years
    Residency status Residents of India/Non-Resident Indians
    Type of employment Salaried/Self-employed businessmen or professionals

    Documents Required for all Home Loan Applicants Under DHFL

    To avail a home loan from DHFL you will be required to submit the KYC (Know-your-Customer), income, and property documents. The list of documents generally required to process your application are:

    Identity Proof (Any one) Proof of residence (Any one) Property documents
    • Aadhaar Card
    • Driving License
    • Copy of valid Passport
    • Election Card/Voter ID
    • PAN Card
    • Ration Card
    • Employer’s letter
    • Utility bills
    • Copy of bank
    • statements/passbook
    • Rent agreement
    • Sale deed
    • Allotment letter
    • Sale agreement
    • Stamp duty receipt
    • Registration document
    • NOC
    • Partnership deed
    • Sale deed
    • Title search report

    Income documents for salaried and non-salaried applicants

    Salaried applicants Self-employed professionals Self-employed non-professionals
    • Last 2 months' salary slips/ Salary certificate
    • Income details on the letterhead of the company for cash salary
    • Recent 3 months’ bank statements
    • Qualification certificates
    • 2 years IT returns
    • Computation of income
    • Profit and loss statement or balance sheet for the last 2 years
    • TDS certificate
    • Last 6 months bank statement
    • 2 years IT returns
    • Computation of income
    • Profit and loss statement or balance sheet for the last 2 years
    • TDS certificate
    • Last 6 months bank statement

    DHFL Pradhan Mantri Awas Yojana

    In 2015, the Pradhan Mantri Awas Yojana was introduced in India. One of the main objectives of the scheme was to make housing affordable for the Economically Weaker Section, Low Income Group, and the Middle-Income Group population in the country.

    All authosired banks and financial companies issue home loans under this scheme to eligible applicants. DHFL offers housing schemes under the PMAY scheme. Applicants who are eligible will get interest rate subsidy under the Credit linked Interest Subsidy under PMAY.

    The subsidy on interest ranges from 3% to 6.50% depending on the income of the beneficiary. The beneficiaries under this scheme will fall under the Economically Weaker Section, Low Income Group, Middle-Income Group I, or Middle-Income Group II.

    Benefits of PMAY Scheme

    For Economically Weaker Section beneficiaries:

    • Applicants with an annual income of up to Rs.3 lakh are eligible.
    • Interest subsidy of up to 6.50%
    • The maximum loan amount eligible to avail the subsidy is Rs.6 lakh.
    • The maximum subsidy that can be availed is Rs.2.67 lakh.

    For Lower Income Group beneficiaries:

    • Eligible applicants with an annual income of Rs.3 lakh to Rs.6 lakh can avail benefits under this category.
    • Up to 4% interest subsidy can be availed.
    • Maximum loan amount eligible for subsidy is Rs.6 lakh.
    • The maximum subsidy that can be availed is Rs.2.67 lakh.

    For MIG- I beneficiaries:

    • Eligible applicants with an annual income of Rs.6 lakh to Rs.12 lakh can avail benefits.
    • Interest subsidy of up to 3% can be availed.
    • Rs.9 lakh is the maximum loan amount eligible to receive the subsidy.
    • The maximum subsidy amount that can be availed is RS.2.30 lakh.

    For MIG- II beneficiaries:

    • Applicants with an income of Rs.12 lakh to Rs.18 lakh p.a. are eligible.
    • Interest subsidy up to 3% can be availed.
    • The maximum amount that will be considered for subsidy is Rs.12 lakh.
    • The maximum subsidy amount will not exceed Rs.2.30 lakh.
    DHFL Home Loan FAQs
    1. What is the current home loan interest rate offered by DHFL?

      The interest rate starts from 9.75% p.a.

    2. Will I be able to make prepayments on my DHFL home loan within 6 months of the tenure of the loan?

      No. Unfortunately, you would not be allowed to make any prepayments within 6 months from the date the loan was disbursed. However, you are allowed to make prepayments after 6 months from the loan disbursement date. DHFL does not charge a prepayment fee to individual borrowers if you make a lump sum payment after 6 months.

    3. I want a copy of my property documents. How do I get it and is there a fee?

      Please visit the nearest DHFL branch to request a copy of your property documents. DHFL charges Rs.500 plus applicable taxes to issue a copy of the property documents.

    4. I’m planning to foreclose my home loan with DHFL. Is there a fee to get the foreclosure statement?

      Yes. DHFL charges Rs.500 plus applicable GST to generate a foreclosure statement on your home loan.

    5. Does DHFL offer loans to buy a land/plot?

      Yes. You can avail a land/plot loan from DHFL. Please get in touch with DHFL for more details.

      

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    DHFL Home Loan Reviews

    • DHFL Home Loan
      "Quick approval loan"
      0.5 3.0/5 "Satisfactory"
      I have taken a housing loan from DHFL and the loan amount of Rs. 10,50,000 for the rate of interest of 9.8%. I am paying the EMI amount of Rs. 8500 for the tenure period of 15 years since its plot cum construction loan. Bank itself approved a loan within 3 days.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 11, 2019
    • DHFL
      DHFL Home Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      I have taken home loan directly through DHFL .The rate of interest and the processing fee was very high since had a requirement at that time taken this loan .This loan is still active and the loan got sanctioned on time .There was proper callback and follow up as well.Everything was ok but the service was average according to my point of view.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Nov 26, 2019
    • DHFL Home Loan
      "DHFL Loan is good"
      0.5 4.0/5 "Great!"
      Chosen my home loan from DHFL. They have provided me a interest rate of 8% and there is no hidden charges deducted. They have disbursed the loan on time. I have selected the tenure period of 24 years. They are having a pre-closure facility with some charges. The documentation process was smooth.
      Was this review helpful? 4
      , mumbai
      Reviewed on Nov 13, 2019
    • DHFL Home Loan
      "Need to decrease interest charges"
      0.5 5.0/5 "Blown Away!"
      From DHFL I have taken a home loan almost more than a year. One of my cousin's friend working there he recommend to apply for a home loan. The process was smooth and sanctioned a loan within 6 days with sufficient amount of 20 years. The rate of interest was high.
      Was this review helpful? 8
      , vijayawada
      Reviewed on Oct 05, 2019
    • DHFL Home Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home loan directly through DHFL ,The agent gave all the details about the loan process very clearly and the rate of interest and the processing fee was nominal .I have applied for 15 lakhs for the tenure of 15 years .This loan is still active.The process was very smooth and there was no difficulties faced .
      Was this review helpful? 4
      , chennai
      Reviewed on Aug 12, 2019
    • DHFL Home Loan
      "Good but can do better on the interest"
      0.5 4.0/5 "Great!"
      Currently my DHFL home loan is active at the time of loan process. My land was in airport area hence its became an issue but DHFL helped me a out however the interest rate was quite more but still due to my situation they fulfilled my needs. As per the government rule they are reversing the loan Every six to one year. The bank staffs are helpful and comfortable.
      Was this review helpful? 0
      , kochi
      Reviewed on Aug 05, 2019
    • DHFL Home Loan
      "Should be transparent"
      0.5 2.0/5 "Expected more"
      I am disappointed with DHFL, they are taking certain hidden charges. Hence I am not satisfactory, I took the loan amount around Rs. 16 lakhs for the duration of 20 years, the interest rate was higher side its not upto the mark. I am very fine with them.
      Was this review helpful? 2
      , lucknow
      Reviewed on Aug 01, 2019
    • DHFL Home Loan
      "Not good"
      0.5 1.0/5 "Really Bad"
      I have a home loan with DHFL and that time it was suggested my friend. The charges and interest rate is high also they have handover to ICICI BANK. The loan tenure is 12 years and the remaining 90 EMI's are pending . They have charged me 10K for processing fee.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 30, 2019
    • DHFL Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have selected DHFL loan amount 27 lakhs Rate interested is 9.5 floating two month they increased Rate of intersted , EMI Rs 23962, one time processing fee applicable. while documents through executive , there is no delay disbursal loan amount . Customer service s good and responsive they clear information about loan processing loan Tenure 20 years . Pradhan manthri avasa yogna loan applicable is 2.63 lakhs not received
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 26, 2019
    • DHFL Home Loan
      "NOT SATISFIED"
      0.5 1.0/5 "Really Bad"
      The service is pathetic because there is no transparent in the service, the documentation process was done quick, i got the loan amount soon, the rate of interest was 11.75%, the duration for repaying the loan was not given exactly. I have used the loan for 6-7 years. The charges higher for the fore closer also there is no proper customer support and service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 26, 2019
    • DHFL Home Loan
      "NOT SATISFIED"
      0.5 1.0/5 "Really Bad"
      I am not satisfied with the loan because i have submitted all of the documents but i have not received the 3rd dispersal amount which is almost many months past. The loan amount was 10.70L, the rate of interest was 8.5%, the customer support is not good. The duration for repaying the loan was 15years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 19, 2019
    • DHFL Home Loan
      "Service is not up to the mark"
      0.5 1.0/5 "Really Bad"
      I came to know about the DHFL loan i went direct to the office and collected form and applied for it. I wish to say that their service is not up to the mark. They just want the client to apply and want to achieve their target and they keep on changing their rate of interest was application was submitted.
      Was this review helpful? 1
      , pune
      Reviewed on Jul 19, 2019
    • DHFL Home Loan
      "Nice service"
      0.5 4.0/5 "Great!"
      This is bond process hence they have completed all the process within 1 week. They have delivered the cheque very fast. I have taken my home loan from DHFL. They have charged me a interest rate of 9% and its a zero processing fee. I have chosen the tenure period of 20 years and their service has been prompt.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 16, 2019
    • DHFL Home Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have been holding my housing loan with DHFL , the loan amount which they have given to me was sufficient they have given me up to 17,00,000-18,00,000 which was sufficient, the rate of interest they have charged me was high, they have charged me up to 10.35% which was high, i asked them to minimize the interest rate they did not help me out.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 30, 2019
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I am using my housing loan from long time with DHFL , the documentation process was done quickly also the loan came on time, the loan amount was sufficient they have given to me as per my requirement, so far i did not face any issue, the rate of interest they have charged me was nominal, still this loan is running.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 30, 2019
    • DHFL Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am using the loan from last 5 years, the documentation process was done quickly also i got the loan amount but it took some time. The loan amount was sufficient. The rate of interest was 10% approximately. The duration for repaying the loan for 20 years. The locking period is for 1 year.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 23, 2019
    • DHFL Home Loan
      "Need to decrease charges and to increase a loan amount"
      0.5 2.0/5 "Expected more"
      I was taken a home loan in DHFL for the past 7 years. The amount which was provided from DHFL was not sufficient and it was low. The rate of interest and the processing fee are high when compare to other bank. The customer service is not good and no proper response from their end.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 21, 2019
    • DHFL Home Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The home loan using from last 2 years. The documentation process was done without any issues and it was fast got the loan amount 15days. I got the loan amount in one shot. The loan amount was good and the rate of interest was 5% it is lesser than others. The duration is for repaying is for 20 years. There is option of pre closer.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 16, 2019
    • DHFL Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a home loan in DHFL before 3 years ago, as per my requirement the loan amount was not met which was provided from DHFL for the duration of 20 years. On time the loan got sanctioned. The rate of interest is nominal and the processing fee is applicable and nominal.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 14, 2019
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken home loan through DHFL BANK . I am happy with their services considering the loan experience. The tenure period is fair enough . The Application process was smooth and the loan amount was credited to my account with in few days. Rate of interest is nominal .
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 13, 2019
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