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

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    9.65% - 10.25% Floating
    5,000 to ₹20,000 One time fee
    1L - 5Crs
    1-30 Years
    Response Time Within 30 minutes

    DHFL Home Loan is Rated as "Pretty good" by 660 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    DHFL (Dewan Housing Finance Corporation Limited) was established in 1984 by Late Shri Rajesh Kumar Wadhawan, an Indian businessman. The housing finance company was created as an effort to make owning a home affordable for lower and middle income groups in rural and semi-urban parts of India. It has laid an early foundation for housing finance Company in the country and is a model of financial inclusion in the Indian financial services sector.


     

    You’re probably eligible for an DHFL Home Loan if you are

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    DHFL Home Loan Minimum Age

    At least 21 years old

     DHFL Home Loan Maximum Age

    Less than 70 years old

    DHFL Home Loan Eligible Employment Type

    Salaried / Self-employed
    with regular income

    DHFL Home Loan Minimum Income

    Earn more than the minimum
    income required


     

    Your DHFL Home Loan amount eligibility is based on these factors

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    DHFL Home Loan Minimum Salary

    EMI limited to about 50%
    of monthly income

    DHFL Home Loan Maximum Loan to property value

    Loan capped @85% of the cost of property

    DHFL Home Loan EMI

    EMIs of other loans lower
    your eligibility


     

    Increase your eligible DHFL Home Loan amount by these steps

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    DHFL Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant,
    and her income will add
    to your eligibility

    DHFL Home Loan Maximum Tenure

    Choose longer tenure loan 1 year to 30 years

    DHFL Home Loan Add parents as Co-applicant

    Alternatively add your parents


     

    Documentation needed to apply for an DHFL Home Loan

    • 1. Signed application form with photograph
    • 2. ID and residence proof
    • 3. Approved Building Plan
    • 4. Last 3 months bank statements
    • 5. Documentation for salaried applicants:

      - Last 3 months salary-slips

      - Form 16 or Income Tax Returns

    • 6. Documentation for self-employed applicants:

      - Last 2 years Income Tax Returns

      - Last 2 years CA Certified Profit & Loss Account


     

    DHFL Home Loan Interest RatesUpdated on 10 Dec 2016

    DHFL Home Loan Details
    Interest Rate 9.65% to 10.25%
    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’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 Home Loan Interest Rate:

    The table below indicates the interest rate which starts at 9.65% and goes up to 10.50%. 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 9.65%
    SENP 9.65%
    Above Rs. 25 Lacs up to 75 Lacs SEP/ Salaried 9.65%
    SENP 9.75%
    Above Rs. 75 Lacs to Rs. 100 Lacs SEP/ Salaried 9.65%
    SENP 9.75%
    Loans above Rs. 100 Lacs to Rs. 150 Lacs SEP/ Salaried 9.75%
    SENP 9.75%
    Loans above Rs. 150 Lacs to Rs. 300 Lacs SEP/ Salaried 10%
    SENP 10.25%
    Loans above Rs. 300 Lacs SEP/ Salaried 10%
    SENP 10.50%

    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. 250/ + Service Tax

    For loans above Rs. 5 Lacs, the modification charge is Rs. 500/ + Service 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.

    CERSAI Satisfaction Charges

    Nil

    4.

    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

    5.

    Overdue Charges on default instalment (EMI/Pre-EMI)

    On the outstanding dues, 18% Per annum

    6.

    ECS/ Cheque Bounce Charges

    As per applicable Bank Rate

    7.

    Pay Order/ Demand Draft issuance Charges

    Actual Bank Charges or Rs. 150 per lac, whichever is higher + Service Tax

    8.

    ECS/ Cheque Swapping Charges (per set)

    Rs. 250 per swap

    9.

    Prepayment Charges

    (Easy Land-cum Construction Loans/ Plot loans)

    3% + Service 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.

    10.

    Each Visit to the customer’s place for purpose of collecting dues

    Rs. 250 per visit + Service Tax

    11.

    Legal Charges

    Legal charges will be charged on a case to case basis

    12.

    Conversion Charges

    For loan up to 75 lac, Rs. 2500 + Service Tax will be charged.

    For loan above 75 lac, Rs. 5000 + Service Tax will be charged

    13.

    Non-encumbrance Certificate

    At actual

    14.

    Non Postal Stamp

    As applicable law of the state

    15.

    Recovery Charges

    At actual

    16.

    Duplicate No Dues Certificate

    Rs. 250/- + Service Tax

    17.

    Copy of Property Papers

    Rs. 500/- + Service Tax

    18.

    Custodial Fee for keeping Property Documents in Closed Loans

    Rs. 500 per month (post 60 days from loan closure date) + Service Tax

    19.

    Duplicate Annual Account Statement, Provisional Certificate

    Rs. 250/- + Service Tax

    20.

    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 + Service Tax

    Rs. 1000/- for loans up to Rs. 10 Lacs + Service Tax

    21.

    Loan closure (fully)/ prepayment statement charges

    Rs. 500 + Service Tax

    22.

    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 + Service Tax

    23.

    If RTGS Transaction of FD repayment failed because of customer’s fault such as account closed, wrong account number provided, name disparity, etc

    Rs. 250 per transaction + Service Tax

    24.

    At customer’s request, DD issuance charges for FD repayment

    Rs. 250 per lac or Bank charges whichever is higher

    25.

    Cheque (tendered for FD) bounce charges

    Rs. 250 per instrument + Service Tax

    Easy Home Loan Deposit (EHLD) – Saving Phase

    26.

    Contract Amendment Charges

    Rs. 100/- + Service Tax

    27.

    Duplicate Accounts Receipt/ Statement

    Rs. 100/- + Service Tax

    28

    Duplicate Certificate Charges

    Rs. 100/- + Service Tax

    29.

    Cheque/ECS Bounce Charges

    As per the applicable Bank Rate

    Other Services

    30.

    Duplicate Fixed Deposit Receipt

    Applicant will not be charged the first time.

    Second time onwards, he/ she will be charged Rs. 100 + Service Tax

    31.

    Loan Application Form

    NIL

    32.

    Annual EHLD Payment Certificate

    Applicant will not be charged the first time.

    Second time onwards, he/ she will be charged Rs. 200 + Service Tax

    The processing fee:

    The processing fee for Housing loan is different for the salaried/ SEP and SENP. The table below illustrates the minimum log in fees applicable for different loan amounts:

    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 Loan Documentation:

    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 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

    Features of DHFL Home Loan:

    Features of DHFL Home Loans :

    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. Cess and service 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%*

    6. *Service Tax and Cess as applicable

    7. Easy Repayments: you can go for either of the following options when it comes to repayment of the loan:
    8. ECS (Electronic Clearing Service) which will be based on standing instructions to your bank
    9. Post Dated Cheques (PDCs) which will be taken from your Savings/Salary account
    10. 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.
    11. 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.
    12. 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:

      Self-Employed Professionals (SEP)/ Salaried individuals (SAL)

      Self-Employed Non Professionals (SENP)

      5000* to 20,000*

      1.5%*

    6. *Service Tax and Cess as applicable

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

    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.

    The types of home loans 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.

    DHFL Home Loan FAQs

    1. 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. What are the different types of home loans provided by DHFL?

      The types of home loans provided by DHFL include:

      • Home Purchase Loan: This loan is commonly availed to purchase a home.
      • Home Construction Loan: This loan is availed for the construction of a new home
      • 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.
      • Home Extension Loan: This loan is availed for the purpose of expanding/ extending an existing home (for example, adding an extra room, etc.)
      • Land Purchase Loan: This loan is availed for the purchase of land, for investment or to construct a home.
      • Plot Loans: This type of home loan is availed for applicants to purchase Non Agriculture Plot Loans.
      • 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.)
      • Home Loan Transfer: This Home Loans is for the purpose of transferring home loan from other Housing finance companies or Banks.
    3. Who can I co-apply with?

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

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

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

    5. 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 and
      Post Dated Cheques (PDCs) is repayment in which it is done from your
      Savings/Salary account.

    6. 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.

    7. 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 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

       
    • 18 to 19 percent loan growth in Dewan Housing Finance this year

      Dewan Housing Finance Corporation (DHFL) is quite positive of clocking over 18 to 19 percent progress in its loan book this financial year. This was communicated to the press by Mr. Harshil Mehta, the CEO of DHFL. The housing finance major is also confident of keeping up the growth rate in the coming two years as it goes about fortifying its current branch network and enhancing the IT systems to hit further into Tier - 2 and Tier - 3 markets. The emphasis will of course be on the people from low and middle earning capacity as a trade-focused player. As per the data of September this year, DHFL’s assets under administration stood at over INR 63,000 crore, showing a whopping 26 percent hike over the previous INR 50,000 crore in the same month in 2014. DHFL’s regular loan ticket size at the loan portfolio level stood at INR 11.7 lacs.

      11th January 2016

       
    • DHFL looks for 30% boost in home loan payment

      DHFL delivers a variety of home loan products with a strong emphasis on the low and middle income (LMI) sector. The CEO of DHFL, Mr. Harshil Mehta, has a lot to share about the ever increasing needs for reasonably priced housing, especially about the same in Punjab. The state and its capital Chandigarh can be considered huge markets for DHFL where there is a sturdy growth in demand for affordable homes. Having earned quite a reputation for it among the LMI customers in the last decade, DHFL presently function in 12 districts in the state, namely, Chandigarh, Amritsar, Bathinda, Pathankot, Ludhiana, Hoshiarpur, Jalandhar, Ropar, Patiala, Sangrur, Khanna and Jalandhar. The house loan products offered by the company are DHFL home loan, home extension loan, home improvement loan, plot loans, mortgage loan, project loan, SME loan and non-residential property loan to all clientele throughout the country. The firm has distributed loans to over 8500 families in Punjab and Chandigarh with an approximate ticket home loan size of up to INR 15 lacs so far and is looking for a further boost by 30 percent in the coming years.

      17th November 2015

       
    • DHFL Reports an 18% Hike in Profits

      In Q1 of the current financial year, the housing finance company Dewan Housing Finance Corporation Ltd (DHFL) has announced an 18% hike in its net profit. This was the result of an increased demand for home loans in Tier-II and Tier-III cities and due to better margins. In the previous year the company has gained a net profit of Rs.147 crore and currently it has increased to Rs.173 crore. Net interest margin has seen a rise of 2.96% as compared to a 2.78% rise in Q1 of the previous financial year. Loan sanctions has increased by 33% and loan disbursements have increased by 14%. The company has stated that the average loan quantum has been less than Rs. 15 Lakh since the focus was on lending to low-income and middle-income segments and this has subsequently been one of the factors contributing to the rise in demand.

      29th July 2015

       
    • DHFL Forays Into Small Finance Bank Segment

      Dewan Housing Finance Limited, India’s second largest housing finance institution has submitted an application to Reserve Bank of India (RBI) for small finance bank license. As per RBI norms, small banks can disburse retail loans only if half of their loan portfolio covers loans below Rs.50 lakhs.


      If RBI grants small finance bank license, DHFL is willing to convert into a banking institution. At present, this BSE listed public company is categorised as a Housing Finance company (HFC) which also offers deposit products to its customers.


      According to RBI rules, 75% of the loan portfolio of banks & NBFCs should be in the priority sector. DHFL meets this requisite which betters its chance of getting a license to operate in the small finance bank segment.

      25th March 2015

       

    DHFL Home Loan Reviews

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