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
    Fees & Charges
    Good to Know
    Eligibility Criteria
    DHFL Home Extension Loan is Rated as "Pretty good" by 700 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    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.

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  • DHFL Home Extension Loan Reviews

    • 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
    • DHFL Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have availed a home loan with DHFL around 6 months ago. This loan has the tenure of 20 years. The fore closure and the part payments options are available. They took around 2 months to disburse my loan amount. The rate of interest is high when compared with others. I planning to transfer this home loan to some other bank.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 31, 2017
    • DHFL Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I took my housing loan with the DHFL and their interest rate is around 8.15% and the loan amount got disbursed to my account within three days of time. Process went in good manner, while it comes to documentation. Processing charges 1% from the loan amount and I dont have any issues with them till now.
      Was this review helpful? 0
      , akola
      Reviewed on Aug 30, 2017
    • DHFL Home Loan
      "Fraud and cheater....."
      0.5 0.5/5 "Unacceptable"
      I applied for a home loan from DHFL in july 2017. I got the sanction letter also but on 23rd august i received an email from DHFL gurgaon branch that my loan amount approved is 2512257/- but the amount which will be dispersed is 2340000/-. They charged 172000/- towards insurance. When i told them that i do not need any insurance product with my home loan they said the loan will not be dispersed if you do not take the insurance. It's a sheer blackmailing and cheating. I am stuck now as i am running out of time. There is no one to control these frauds. RBI should take strict action against these jholchap companies and cancel their licences.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 26, 2017
    • DHFL Home Loan
      "Worst LOCAL Bank"
      0.5 0.5/5 "Unacceptable"
      They don't have a proper process. They will change the process as per their wish. Please never approach this bank; They grab your 3000 DD beginning... Never believe this bank. Its Pakka LOCAL bank. .... You will regret later as i am doing now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 10, 2017
    • DHFL Home Loan
      "Worst bank please don't waste your time"
      0.5 0.5/5 "Unacceptable"
      Please don't go for this DHFL. Worst bank I have ever seen in my life. Sales team are blackmailers. Be carefull at the beginning try ask you 3000 to process and they take their own sweet time and finally say it did not work. Not a organised company. No proper process nothing they give in proper documents. Verbal communication is not valid remember that.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 29, 2017
    • DHFL Home Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I got the home loan with the DHFL and initially the interest rate is around 10.5% and then it changed to 10.30% and now it has currently changed to 9.30 Services are satisfactory one with them. Documentation process is very nominal , the insurance amount they have charged way high like 64000/-
      Was this review helpful? 0
      , solapur
      Reviewed on Jul 07, 2017
    • DHFL Home Loan
      "Hassle free"
      0.5 4.0/5 "Great!"
      I purchased an apartment it got a tie up DHFL, hence I processed my home loan with them. Within ten days DFHL have sanctioned my loan. I took the amount of Rs.17 lakhs for the tenure of 20 years. DHFL gave me 10.8% of interest it is floating rate one. Their service is also good like banking sector.
      Was this review helpful? 0
      , kurnool
      Reviewed on Jul 07, 2017
    • DHFL Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The DHFL is good in the service still they can give better service in concern to the home loan. I got the loan within 2months of time. The documentation process took too much of time , that was the reason why my loan got delayed. The rate of interest was high when compared with others, also I am very much happy with the loan amount.
      Was this review helpful? 0
      , panipat
      Reviewed on Jul 01, 2017
    • DHFL Home Loan
      "Very Good service"
      0.5 3.5/5 "Pretty good"
      The DHFL process was very fast in concern to the home loan. The documentation process was done in 10 days of time, within 10 days I got disbursement as well. The rate of interest is competitive and I got the housing loan on 2015 and that time DFHL offered interest rate was low . Then I would say it was very good experience with DFHL. The process was done in smoother way. I never felt any kind of hassle in their service.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 13, 2017
    • DHFL Home Loan
      "Service and Interest rate has to be improved"
      0.5 3.0/5 "Satisfactory"
      DHFL sanctioned only 80% of amount on my property value and their loan process also got delayed. DHFL had taken around one month to process the loan, but I submitted all the papers to them, like KYC, property documents and last two years form16 etc. Finally I got the amount of Rs.33 lakhs for the tenure of 20 years. My Emi amount is Rs.33,200 every months. I am not happy with the interest rate, all banks were offering reversed interest rate of 8.5% but they giving 9% of interest rate.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 07, 2017
    • DHFL Home Loan
      "Delayed response"
      0.5 2.0/5 "Expected more"
      I initially applied for a home loan with DHFL before I took the loan from Saraswat co-operative bank. The process to get my sanction letter was a very lengthy one and because of which I cancelled my plans to take the loan from them. It was not a good experience.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jun 06, 2017
    • DHFL Home Loan
      "Happy Service"
      0.5 4.0/5 "Great!"
      I think I had taken housing loan from DHFL during last year November. The loan process was really smooth, there are no issues with them in taking the loan. Interest rate is below 9% and I am happy with the bank for the housing loan process. Customer service is also good.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jun 01, 2017
    • DHFL Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      During the year 2010, I had taken housing loan from DHFL. At that time, the interest rate was 8.5% now it has been increased up to 11%. I had spoken to the bank to reduce the rate, they said they will do so. Documentation process is as same as other banks and the customer service is really good.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 31, 2017
    • DHFL Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My home loan is from DHFL. The services were good and we got a good deal from them as well. The rate of interest was of 9%, and the process was completed on time. I had applied for 24 lakhs initially and that also got sanctioned later on I have other flat with low budget so I had opted for 19 lakhs.
      Was this review helpful? 2
      , mumbai
      Reviewed on May 30, 2017
    • DHFL Home Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      I have got the home loan from DHFL and the rate of interest is nominal one with them. The loan amount got approved within fifteen days of time and the customer service are good one with them. Response is also an immediate one with them like they are okay to help on the time when it comes to customer approach.
      Was this review helpful? 2
      , bangalore
      Reviewed on May 29, 2017
    • DHFL Home Loan
      "Response has to be improved"
      0.5 3.0/5 "Satisfactory"
      DHFL service is not up to the mark, they wont respond well for any queries. But their loan process was good but their response has to be improved. I have the loan amount of Rs.10 lakhs for the tenure of 15 years, I already paid it for five years remaining I should pay for ten y ears. They offered the interest rate of 12% on home loan
      Was this review helpful? 3
      , coimbatore
      Reviewed on May 25, 2017
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