A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    We found 1 DHFL Home Extension 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
    Good to Know
    Eligibility Criteria
    DHFL Home Extension Loan is Rated as "Pretty good" by 716 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    DHFL Home Extension Loan

    DHFL Home Extension Loan

    You may find that in time you will need more space in your home, especially as your family grows larger. An additional room on the terrace, opening up a balcony etc. could do wonders to your home and lifestyle. The DHFL Home Extension Loans is created to meet this need in particular by offering loans at rates that you cannot turn down in order to make your home more spacious and thus more comfortable.

    Features and Benefits:

    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:
    6. Self-Employed Professionals (SEP)/Salaried individuals (SAL)

      Self-Employed Non Professionals (SENP)

      5000* to 20,000*

      1.5%*

      *GST as applicable

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

    It is possible to get a loan to cover the complete cost of the home extension cost as estimated and certified by a chartered engineer/architect and duly verified by DHFL. However you will get a maximum of `100 lacs or a maximum of 80% of overall market value of the property, whichever is lower. You can get a higher loan amount if you have an earning co-applicant.

    The following factors will decide the actual Home Loan amount you are eligible for:

    • Repayment capacity
    • Number of dependents
    • Age
    • Co-applicant’s income
    • Educational qualifications
    • Stability and continuity of income
    • Assets
    • Liabilities
    • Saving habits etc.

    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 `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

    Service charges:

    These are some of the service charges that you will have to bear:

    Service

    charge

    Modification Charges/ CERSAI Registry

    ` 250/ + any applicable GST for loans up to ` 5 Lacs

    ` 500/ + any applicable GST for loans above ` 5 Lacs.

    Valuation fee in Construction Linked Loan cases

    The first visit will be free of charge, after which you will be charged Rs. 500 per visit

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

    18% Per annum on the outstanding dues

    Demand Draft/Pay Order issuance Charges

    ` 150 per lac or actual Bank Charges, whichever is higher + Service Tax

    Duplicate No Dues Certificate

    ` 250/- + GST

    Please contact the bank to see what other charges will be applicable to your case

    FAQs:

    1. What is the purpose of the home extension loan?

      The purpose of this loan is to borrow money if you want to extend your home or create more space in your home that you already own. This could be in the form of a room built on the terrace, in place of a balcony etc. These home improvement projects can be quiet expensive which is why many people go for home extension loans.

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

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

    3. Can I apply for a home construction loan with a co-applicant?

      You can apply for a Home Construction Loans with a co-applicant or individually. If you apply with a co-applicant you can get a higher loan amount if he/she is an earning member. Please contact the bank for more details regarding this.

    DHFL Home Extension Loan Reviews

    • DHFL Home Loan
      "Process is quick but Rate of Interest is high"
      0.5 5.0/5 "Blown Away!"
      I got Rs.25 Lakhs as Home Loan with this Financial Institution. The overall experience with them is good, even though the Rate of Interest is on a higher side. The process of application was very simple and they provide me the Loan pretty fastly.
      Was this review helpful? 0
      , thane
      Reviewed on Nov 20, 2017
    • DHFL Home Loan
      "Good service but high rate of interest"
      0.5 4.0/5 "Great!"
      I have a Home loan with DHFL that is on going I would say that the experience with them while applying for my loan was good. The service and response is good an i have not had any issues with my monthly payments however i feel the rate of interest is high which is going for a term of 20 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2017
    • DHFL Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I had taken a home loan from DHFL, my loan application was approved and the requested amount was disbursed. The loan amount was for 15 lakhs with the rate of interest of 10.15% which is high when compared to other sources in the market. The customer service and their response was not up to the mark, door step service was not provided for document collection. Overall it was not a good experience.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 11, 2017
    • DHFL Home Loan
      "Good Home loan"
      0.5 4.0/5 "Great!"
      I got a Home Loan of Rs.5.5 Lakhs, some Seven year back with DHFL. Till date the whole experience with them has been super smooth, the information put forth by them is ideal. You also get to know the status of payment pretty swiftly. The Rate of Interest of 8.5% sounds ideal.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 04, 2017
    • DHFL Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The service was good from DHFL the documents have been collected from my door step the interest rate they offered was 8.25 which was fine compare to others in the market the payments where through online they will deduct from my savings account,it was totally a excellent experience from DHFL for my home loan service.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 30, 2017
    • DHFL Home Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      There was no good response from DHFL for my home loan service they never provided with any clear information even the interest rate they quote was also very high comp0are to others also there was a big error happened during the process they typed the name wrongly in the check so it happened a very disappointed from their service.
      Was this review helpful? 0
      , ernakulam
      Reviewed on Oct 30, 2017
    • DHFL Home Loan
      "Good customer service"
      0.5 3.5/5 "Pretty good"
      I had applied for the home loan from DHFL, i was happy that my loan application was approved and the requested amount was disbursed. I had taken loan for 13 lakhs with the rate of interest of 11% which is high comparatively. The customer service was good, they provided door step service for the collection of documents.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 27, 2017
    • DHFL Home Loan
      "good service"
      0.5 4.0/5 "Great!"
      I had a home loan from DHFL long before they have collected all the needed documents properly and the process was very smooth the staffs of DHFL was very good and helpful they use to update me regularly regarding the process ,it was a very good service from DHFL for my home loan service.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 25, 2017
    • DHFL Home Loan
      "average service"
      0.5 2.0/5 "Expected more"
      I am not happy with the service of DHFL the bills and payments they provide is not proper there is no proper response no intimations . But the rate of interest they offered is 11.35 which is fine ,customer service is not at all helpful I feel they need to improve their service ,the service of DHFL for my home loan service is average.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • DHFL Home Loan
      "Looking for better service and better loan experience"
      0.5 5.0/5 "Blown Away!"
      DHFL gave me regular follow up on home loan process.They have done everything on time. But they charged very high interest rate, they took 9.9% for the loan amount of Rs. 24 lakhs for the tenure of 30 years. It would be great, if they reduce the interest rate as per RBI guideline.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • DHFL Home Loan
      "Simply great"
      0.5 5.0/5 "Blown Away!"
      DHFL housing loan is simply great , they are doing really good. I had got this loan for a period of 5 months. They had sent a mail about the documentation I had kept all the documents ready and everything was collected from me on time. Infact, I had received all the legal documents from them. There was a charge for stamp duty and registration fee, it was very much reasonable which is 0.5% it was as per the market standard. Lastly, mine is not a joint loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • DHFL Home Loan
      "GOOD SERVICE"
      0.5 3.5/5 "Pretty good"
      I had a earlier experience with DHFL for a home loan. The drawback is the high rate of interest and the high charges. The good thing is they provide loans at locations rather restricted areas where banks do not provide. They are not recommendable for the rates.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 16, 2017
    • DHFL Home Loan
      "good service"
      0.5 4.0/5 "Great!"
      I am not much happy with DHFL service there is no proper intimations regarding my emi due also for every 10 months I have to pay my emi debit documents even the rate of interest they offered was high which was 10.16 and the representatives are also not much helpful ,I can say the overall service is average from DHFL for my home loan service.
      Was this review helpful? 0
      , rajkot
      Reviewed on Oct 13, 2017
    • DHFL Home Loan
      "Instantenous and quick method"
      0.5 5.0/5 "Blown Away!"
      I was in need of 60 Lakhs and went to DHFL only once. That's all I did, the next conversation with them was after getting the bank. The approval was instantanous and money disperse was even more quicker. Not once there has been a negative response from DHFL. But, I am pleased with this bank overall.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Oct 09, 2017
    • DHFL Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I was looking for a home loan, luckily DHFL called me and said they can offer me a loan. I liked their service and the offers. The executive is very helpful and will come to collect the documents. The rate of interest, they offered me as 8.35%.I am expecting 7 lakhs but still now its not been discussed.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 09, 2017
    • DHFL Home Loan
      "Wonderful service"
      0.5 5.0/5 "Blown Away!"
      DHFL offered a good service for example they are also took my documents and funds were realized quickly. This loan was taken before 5 years and credit score was also good . They will call me and intimate on the same. Charges are there for rate switch which is around 1700 for the applying new rate.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 29, 2017
    • DHFL Home Loan
      "Not good for banking"
      0.5 3.0/5 "Satisfactory"
      DHFL banking services are not good as well as comfortable to bank with when the market rate of interest is as 8.6 their rate of interest higher that which is hard to accept .Customer services are okay not bad but they gave charged me around 6000 for processing fee which is pathetic compared to other banks they need to reduce processing fee and rate of interest which will help.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 15, 2017
    • DHFL Home Loan
      "Housing loan"
      0.5 5.0/5 "Blown Away!"
      I had successfully taken a housing loan from DHFL. I had applied for the loan through direct channel. DHFL took around one week time to process the loan. Documentation process was completed in 10 days after 5 days the funds were released to my account. Interest rate charged by them was 8.5% and processing fee charged was 10k.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Sep 12, 2017
    • DHFL Home Loan
      "Can be better"
      0.5 2.5/5 "Just OK"
      The reason why I moved banks was DHFL interest rate was very high also, DHFL was not willing to reduce the rates. The process was quite similar to HDFC LTD. The payment was transferred via DD and the funds were released on the same day. DHFL is best suitable for customer during the initial stage as it is very easy to borrow funds from them, perhaps customer can switch over during the later stage, as the rate of interest is higher than other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 11, 2017
    • DHFL Home Loan
      "Only bank who provide home loan for gram panchayat"
      0.5 3.0/5 "Satisfactory"
      DHFL is good, they had done process home loan very great, But were not ready to reduce the rate of interest as per the government. They are doing like other banks, DHFL intimated interest rate had gone down unless I should go and approach for it. Other than that loan facilities are good like part payment and preclosure options etc.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 31, 2017
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