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

    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
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Good to Know

    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

    Key Highlights
    • 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.

    DHFL Home Construction Loans

    Key Highlights
    • 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.

    DHFL Home Extension Loans

    Key Highlights
    • 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.

    DHFL Home Renovation Loans

    Key Highlights
    • 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.

    DHFL NRI Home Loans

    Key Highlights
    • 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.

    Use BankBazaar DHFL Home Loan EMI Calculator to Know Your EMI

    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
      "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? 0
      , hyderabad
      Reviewed on Jun 14, 2019
    • DHFL
      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
    • DHFL Home Loan
      "Very much Need to improvement customer service "
      0.5 2.0/5 "Expected more"
      I have selected through DHL home loan customer service is not good and response .I went to home branch no responsiveness they sanction loan amount 25 lakhs and tenure period 15 years ago and rate interest 9.98 floating rate is very high . Documents submitted through executive. Foreclosure charge applicable and one time process fee 2875 and hidden charge applicable . Partial amount only received .
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 09, 2019
    • DHFL Home Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have selected DHFL home loan amount12.5 lakhs amnd tenure period 13 years Emi Rs 13800 and Rate interest 10% floating rate, one time process fee Rs 3000, customer service is good. Based on home loan they provide insta loan and life coverage policy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 08, 2019
    • DHFL Home Loan
      "Average Service"
      0.5 1.0/5 "Really Bad"
      I have taken Home loan directly through DHFL .The rate of interest and the processing fee was very high ,I have applied for 6.5 lakhs for the tenure of 15 years ,The loan amount got sanctioned on time and it was sufficient as well.The service was very average as well .I am not satisfied with the service so far .
      Was this review helpful? 2
      , bangalore
      Reviewed on May 30, 2019
    • DHFL Home Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      Taken my housing loan from DHFL. So far i never had a chance to speak with their call centre people. When i had sanctioned my loan the interest was 10.35% which is a floating interest rate. They have charged me some processing fee. Total tenure period of the loan is 20 years. Within a month, they have sanctioned the loan. Initially, sanctioned the loan was a quick enough but disbursing the amount is took some time. The loan is easy to get sanctioned.
      Was this review helpful? 0
      , thane
      Reviewed on May 20, 2019
    • DHFL Home Loan
      "BETTER"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan with the DHFL and the rate of interest was higher with this loan also it is a floating where the rate of interest was increase higher within 6 months. The documentation process was not good and it took to get the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 19, 2019
    • DHFL Home Loan
      "Interest rate shoud be reasonable"
      0.5 3.0/5 "Satisfactory"
      In DHFL the housing loan interest is currently 10.30% for the loan amount of Rs. 40 lakhs . I took for the duration of 25 years, initially they gave me 9.4% of interest now they revised higher as per the RBI norms. When I apply for the loan I have to run behind them, the process was not smooth.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 17, 2019
    • DHFL Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The experience i had with my Home Loan from DHFL has not been a very good experience where within a year they had increased the interest rate rapidly where the interest rate with the loan is 9.4%. There has not been any intimations they had been making about the informations as well. Their customer support team response has also not been that great.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 08, 2019
    • DHFL Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      The rate of interest is more compared to others, I have taken home loan from DHFL by last year. They charged processing fee which is high again. The customer service is average, the loan process was faster. The loan tenure is 20 years and partial payment is applicable after a year.
      Was this review helpful? 0
      , indore
      Reviewed on May 04, 2019
    • DHFL Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got home loan through DHFL FINANCIAL INSTITUTION . They charge very high rate of interest . I receive my loan with in few days . The process was very smooth , they came to my home to verify the documents . Customer support and their response was good .
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 30, 2019
    • DHFL Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I was having my Home Loan previously with DHFL and i had foreclosed it, the experience i had with them has not been that good. The process in getting the loan had taken more time and the interest rate with them was very high when compared with the market rate. There was no response from their customer support end as well.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Apr 30, 2019
    • DHFL Home Loan
      "Increase in interest rate for every three months"
      0.5 3.0/5 "Satisfactory"
      In DHFL , I taken a home loan few years ago . Every three months they increase the interest rate for the housing loan . This is something very difficult for me to pay EMI for many more years . I thought , I was caught in the DHFL trap .After that I closed this loan and did a balance transfer .
      Was this review helpful? 2
      , hyderabad
      Reviewed on Apr 29, 2019
    • DHFL Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had taken my Home loan from DHFL in the year of 2015 and the loan was closed on the month of September 2018. The experience has been good where the interest rate and charges where not high. But it would be good if regional languages are available with their customer support team. They had promised in returning the 55% of the interest rate, but they had only returned with 45% which i had raised an issue with.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 24, 2019
    • DHFL Home Loan
      "Not satifactory service"
      0.5 1.0/5 "Really Bad"
      I got home loan with DHFL FINANCIAL INSTITUTION . I am not happy with the services even the customer service response is not so good . The loan amount which they gave was good but they charge very high rate of interest . Overall it is fine experience .
      Was this review helpful? 1
      , mumbai
      Reviewed on Apr 22, 2019
    • DHFL Home Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I had taken a Home Loan from DHFL LTD a long time back and the loan is still running. The loan amount has been sufficient but the interest rate with them has been quite high, where they had not reduced the interest rate as well. The processing fee and charges which they had made has also been high when compared with the other banks.
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 20, 2019
    • DHFL Home Loan
      "Interest rate is the rocket high "
      0.5 3.0/5 "Satisfactory"
      Since the property comes under the collector passing. None of the private banks were ready to offer me a housing loan. So I approached DHFL for the housing loan . They take almost one month to sanction my loan with almost higher interest rate of around 12 % for next 15 years .
      Was this review helpful? 4
      , thane
      Reviewed on Apr 02, 2019
    • DHFL Home Loan
      "No to Go With DHFL"
      0.5 0.5/5 "Unacceptable"
      It is easy to get loan from DHFL but impossible to pay with EMI. They are increasing the interest rate 4 or 5 times in a year but not decreasing the interest rate when even RBI decreases the repo rate. I took a home loan for 20 years and after 20 months of EMI still 24 years are remaining to pay. Now Calculate before go with DHFL.
      Was this review helpful? 4
      , ghaziabad
      Reviewed on Apr 01, 2019
    • DHFL Home Loan
      "Not proper customer service"
      0.5 1.0/5 "Really Bad"
      DHFL charges me a very high interest rate and staff were given more wrong information about the interest rate and government scheme . I didn't get the government scheme because of fake information by the executive .Because of that , 2-3 lakhs were loss to me .
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 27, 2019
    • DHFL Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this Home loan from them a long time back and the experience i had with them was pretty good. The loan amount has been sufficient and the interest rate with them has been nominal as well. The charges which they had made has also been pretty less.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Mar 21, 2019
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