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  • DHFL Home Loans for NRIs

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    DHFL Home Loans for NRIs

    Overview of DHFL Home Loans for NRIs in Overseas Locations:

    Established in the year 1984, DHFL provides housing finance assistance to lower and middle income groups in semi-urban and rural India, at extremely affordable interest rates. Being the second housing finance company to be established in the country, the company boasts of a rich heritage. Based in Mumbai, DHFL has a widespread network of multiple offices across India. DHFL also has an international presence through its representative offices in Dubai and London for catering to the financial needs of NRIs. Taking a progressive step in the arena of housing finance, the organisation has tied up with leading private and public sector banks like United Bank of India, Punjab and Sind Bank, Central Bank of India and YES Bank.

    Every Non Resident Indian, who stays in a foreign land to earn his/her living, nurtured the dream of coming back to India and owning a house in his/her homeland. While the emotions behind this aspiration are very strong, the task of buying a house in India, especially when one is not residing here, can be a daunting one. As a buying a house involves various intricate stages like locating an ideal property, researching about builder credibility, paperwork, collating documents, and fulfilling the financial requirements; it seems impossible to get all of these right without being physically present.

    No matter where you go, India will always be home. Owning a home in India is a dream everyone cherishes, however being based outside India, buying a home in India can be quite a challenging and tedious task – starting from identifying a suitable property, ensuring builder credibility, legal processes, property documents and putting the finances in place.

    DHFL understands this challenge and hence offers NRI Home Loan services for Indians residing overseas. The company offers practical and simplified home loan solutions with convenience, and provides complete assistance through all the stages of buying a house (right from property search, financing options, legal, technical checks, and a lot more).DHFL’s international representative offices lets NRIs avail Home loan services right from the comfort of where they are based in any part of the world.

    DHFL NRI Home Loan Features and Benefits:

    Features and benefits for Home Loans for NRIs residing in the Middle East:

    • NRI Home Loan can be availed for purchasing new property, resale property, land purchase as well as construction requirements.
    • A maximum loan amount of up to 80% of cost of property is provided
    • The loan tenure is as long as up to a period of 15 years
    • If the prospective property is yet to be decided upon, then a pre-sanction loan facility is also provided.
    • Electronic clearing facility from non-resident accounts for repayment
    • Affordable and competitive interest rates

    Features and benefits for Home Loans for NRIs residing in United Kingdom:

    • NRI Home Loan can be availed for purchasing new property, resale property, as well as construction requirements.
    • A maximum loan amount of up to 80% of cost of property is provided
    • The loan tenure is as long as up to a period of 20 years
    • If the prospective property is yet to be decided upon, then a pre-sanction loan facility is also provided.
    • Electronic clearing facility from non-resident accounts for repayment
    • Affordable and competitive interest rates

    Features and benefits for Home Loans for NRIs residing in USA:

    • NRI Home Loan can be availed for purchasing new property, resale property, as well as construction requirements.
    • A maximum loan amount of up to 80% of cost of property is provided
    • The loan tenure is as long as up to a period of 20 years
    • If the prospective property is yet to be decided upon, then a pre-sanction loan facility is also provided.
    • Electronic clearing facility from non-resident accounts for repayment
    • Affordable and competitive interest rates

    The DHFL NRI Home Loan Advantage:

    • International representative offices enable you to get easy accessibility and help smooth communication directly from your base of operations.
    • Allotment of a dedicated officer helping with every stage of the loan availing process.
    • DHFL provides the borrower with an internal legal and technical teams to help with assessment and evaluation of the prospective property
    • A widespread network of over 450 offices across India to cater to the specific local requirements
    • Loan solutions for self-employed and salaried individuals
    • Smooth and quick handling of all the paperwork required in India

    DHFL NRI Home Loan Documentation

    The following documents are required to avail a NRI home loan if the borrower is residing in U.K -

    • Duly filled and signed loan application form
    • Copy of passport and valid visa (stamped)
    • Address proof - Utility bill, tenant agreement, etc.
    • Copy of valid identity proof and address proof for Power of Attorney in India
    • Copies of borrower’s salary slips of the last 3 months
    • Copies of appointment letter/ employment contract
    • Copy of latest year’s P60 form
    • Copies of Bank account statement for the last 6 months. This would mean current/checking account including salary account, Savings and Non-resident accounts – NRE/NRO.

    The following documents are required to avail a NRI home loan if the borrower is residing in USA:

    • Duly filled and signed loan application form
    • Copy of passport and valid visa (stamped)
    • Address proof - Utility bill, tenant agreement, etc.
    • Copy of valid identity proof and address proof for Power of Attorney in India
    • Copies of salary slips (last 3 months) of the borrower
    • Copies of appointment letter/ offer Letter
    • Copy of latest year’s W2 form
    • Copies of Bank account statement for the last 6 months. This would mean current/checking account including salary account, Savings and Non-resident accounts – NRE/NRO.

    The following documents are required to avail a NRI home loan if the borrower is residing in the Middle East:

    • Duly filled and signed loan application form
    • Copy of passport and valid visa (stamped)
    • Copy of valid identity proof and address proof for Power of Attorney in India
    • Work Permit/ Labour card copy / Employment Identity card of the borrower.
    • Latest Salary Certificate from employer
    • Pay slips of last 3 months.
    • Copies of Appointment letter/ Employment contract
    • Copy of latest tax returns, only if applicable
    • Copies of Bank account statement for the last 6 months. This would mean bank account with an overseas bank, Savings and Non-resident accounts – NRE/NRO.
    • Latest personal credit bureau report, only if applicable

    Frequently Asked Questions (FAQs)

    1. I want to avail a Home Loan from DHFL. Are there any eligibility criteria for the same?

      The applicant needs to be –

      • A resident of India or an NRI
      • At least, 21 years old or above during availing the loan
      • Below 60 during the maturity of the loan
      • Salaried or self-employed individual with an acceptable source of income
    2. What are the loan processing charges for NRI Home Loan availed by a borrower staying in the Middle East?

      The processing charges applied are 1% - 1.15% of the total loan amount.

    3. Approximately how much time is required for Home Loan disbursal?

      DHFL home loans are disbursed approximately within 3-15 days. This is after complete documentation and completion of all relevant procedures have been done successfully. This also includes the proof that 20% of the cost has been paid upfront to the seller of the property.

    4. Why does DHFL offer home loans for NRIs (residing overseas)?

      A lot if Indians move abroad due to career and work opportunities. While some of them intend to settle down there, a huge chunk of them want to come back to India post retirement. It is for this sake that they want to invest in a property back in India so that they have an abode when they are back. On the other hand a lot of NRI youth staying abroad, earning well, intend to buy property in India for their old parents and it is for this purpose that they need a home loan. DHFL provides home loans to simplify such need for financial funds for buying a house, for NRIs.

    DHFL Home Loan for NRIs Reviews

    • DHFL Home Loan
      "Not Satisfactory"
      0.5 2.0/5 "Expected more"
      It has been almost an year i have taken this home loan, the experience with them has not been good. There has not been a proper guidance given by them during th process where they did not explain me about the floating and fixed interest rate. And also the process has taken more time than usual and the loan amount has not been satisfactory.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 14, 2018
    • DHFL Home Loan
      "Need to improve"
      0.5 1.0/5 "Really Bad"
      I had the Home loan with the Dewan Housing Finance Limited and the executives are not really up to the mark with the aspects of services. I would like to say that the customer service is not really good too and their response need to improve.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 07, 2018
    • DHFL Home Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have taken housing loan from Dhfl . The promised rate of interest is not given which they later increased the rate of interest which am not satisfied about it. They did instant approval process with in 2 days i got my home loan. There processing fees is also high as 6.7% of loan amount Am not satisfied with their customer service as there is no proper response from them regarding rate of interest . Even the executive at branch also not having that much product knowledge.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 06, 2018
    • DHFL Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I took Home loan from DHFL . The documentation and approval took around one month . The rate of interest is high and provided tenure period of 15 years. They processing fees is 3 % which is quiet high . Overall am satisfied with their service .
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 04, 2018
    • DHFL Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I took a home loan from DHFL for 15 lacs, application process was easy. The loan was processed with in 1 Month, there was a delay from my end and I pay an EMI of 14000 for this loan. Overall their services were really smooth.
      Was this review helpful? 0
      , chennai
      Reviewed on May 31, 2018
    • DHFL Home Loan
      "Home loan from DHFL"
      0.5 4.0/5 "Great!"
      I have taken a home loan from DHFL and the approved loan mount was 6 lakhs. The rate of interest was 9.5%. The monthly EMI comes around 6600 and the total tenure was for 10 years. The customer service and response with them was good.
      Was this review helpful? 0
      , thrissur
      Reviewed on May 15, 2018
    • DHFL Home Loan
      "This is not a bank at all..."
      0.5 0.5/5 "Unacceptable"
      Stay away from this bank, Very High-intrest rates and the people in the bnks are worst and the customer support is too bad..no one even has manners to talk ...both at Customer support and bank branches....its not a bank..its a fish market...
      Was this review helpful? 0
      , mumbai
      Reviewed on May 12, 2018
    • DHFL Home Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have taken a home loan with DHFL and my loan experience was not good, the loan amount was for Rs 7 lakhs with high interest rate when compared to other sources. The tenure period for this loan is 20 years but i closed the loan within 3 years. They charged 5% as penalty for preclosure and the customer service was not up to the mark.
      Was this review helpful? 0
      , new delhi
      Reviewed on May 09, 2018
    • DHFL Home Loan
      "Harrashinng customer and treat them like begger"
      0.5 0.5/5 "Unacceptable"
      I have taken around 8 Lakh loan for my house. Initially DHFL Kolkata Rajarhat branch people behave very nicely but once I got the loan their behaviour gets changed. I am requesting them from more than 2 month to disburse my money but no response. Raised complain more than 5 times but no response. Nothing is good in DHFL.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 09, 2018
    • DHFL Home Loan
      "Cheater bank"
      0.5 0.5/5 "Unacceptable"
      I have taken loan for 20 years but dhfl charge 21 .years without any information. And taking highest rate of interest. And said low interest. It's cheater bank. Employee also Bad . And taking to customer badly. And not giving the proper declaration. So don't take loan from dhfl.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 28, 2018
    • DHFL Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have my home loan with HDFC bank 2 years back.The loan amount was 16 lakhs and the interest rate was 8.5% which is average and the tenure period as 16 years . The customer service and responses was slow. Here the executives had no knowledge about the documents. They have taken much time and sanctioned the loan with the committed time.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 24, 2018
    • DHFL Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have a Home loan with Dhfl. The rate of interest and charges was been high with Dhfl. The documents process has been smooth with Dhfl. They disbursed the loan amount on time without any delay. The payments will be through cheques. It was a good experience with DHFL Home loan service.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 04, 2018
    • DHFL Home Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have received the home loan service from DHFL around a year ago. The customer support service was good with the DHFL and they gave me prompt response in regards to my home loan application, they took around 2 months time to disburse the loan amount.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 16, 2018
    • DHFL Home Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      I have home loan with the Dewan housing finance limited and the response is fine one too. I would like to say that the rate of interest is higher end on initial time. I have felt that the response is fine one with the DHFL.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 03, 2018
    • DHFL Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I earlier had my home loan with DHFL. The reason I done a balance transfer is because the rate of interest was very high and I requested them to reduce it. But they did not do it. The customer service is not proper as well. I need to go up the branch for every thing as they do not respond through telephone and online.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 27, 2018
    • DHFL Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home loan with DHFL.The loan amount is 45 lakhs,The for 15 years.Rate of interest is 10% high as compared to others banks in the market.I pay my EMI online.Documents were collected door step.They had deducted processing fees of 5000,its a nominal charges.The process is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 14, 2018
    • DHFL Home Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      I have taken a home loan with DHFL and my loan experience was average. The loan amount was for Rs 29.40 lakhs with the rate of interest of 8.95% which is bit high when compared to other sources. The tenure of this loan is 30 years and the processing fee is high. The process was smooth and i received my loan amount within 15 days. Customer service was average and their response was delayed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 13, 2018
    • DHFL Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Took home loan with DHFL home loans. The process was very fast and the loan amount was disbursed in three to five days. I have taken a loan with the rate of interest at 8.35% and tenure period is twenty years. For each and everything I have to go to the branch office even to collect the loan or to pay any extra charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 07, 2018
    • DHFL Home Loan
      "Okay Okay"
      0.5 2.0/5 "Expected more"
      I got the home loan with the DHFL and the response was not really up to the mark. Interest rate was really on higher end, while I have applied. I would like to say that the processing charges and other aspects are really on higher end.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 07, 2018
    • DHFL Home Loan
      "Good Loan"
      0.5 5.0/5 "Blown Away!"
      I got a Home Loan from DHFL and the experience after the first year post taking the loan has been quite good. They have provided me with a good rate of interest. The procedure of getting the loan has been pretty simple and involved not much difficulty.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 02, 2018
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