DHFL offers home loans to its customers at affordable rates of interest. The home loans can be availed for a loan repayment tenure of up to 25 years. The loan amount can go up to 90% of the cost of the property wherein the loan requirement is Rs.30 lakh**. The rates of interest start at 8.75%* p.a.
Note: *Terms and conditions apply
**Loan amount exceeding Rs.30 lakh will be available on the basis of loan to value prescribed under the policy guidelines of DHFL
|Minimum Age||21 years and older|
|Maximum Age||60 years for salaried individuals
70 years for self-employed individuals
|Resident type||Indian resident|
|Employment Type||Salaried and self-employed individuals|
|Work Experience – Salaried Individuals||Minimum service tenure of 3 years|
|Work Experience – Self-employed Individuals and professionals||Minimum service tenure of 3 years|
A number of factors go in to checking the home loan eligibility. The approximate loan amount that you will be eligible for can be determined using the home loan eligibility calculator of DHFL. The figures mentioned will be based on the information that you provide.
For the loan amounts listed in the table below, the loan repayment tenure is assumed to be 25 years and the rate of interest is assumed to be 8.75% p.a.
|Monthly Income||Loan Amount|
Note: The figures mentioned above are indicative and are based on certain assumptions. The figures are subject to change on the basis of other relevant factors such as the age of the applicant, etc.
The maximum repayment tenure for DHFL Home Loans is primarily dependent on the age of the applicant. Getting a home loan earlier will make you eligible for the longest loan repayment term.
The following list shows the maximum loan repayment tenure that an applicant will be eligible for on the basis of his or her age - Salaried individuals only:
|Applicant Age||Maximum Eligible Tenure|
|21 years to 35 years||25 years|
|36 years||24 years|
|37 years||23 years|
|38 years||22 years|
|39 years||21 years|
|40 years||20 years|
|41 years||19 years|
|42 years||18 years|
|43 years||17 years|
|44 years||16 years|
|46 years||14 years|
|47 years||13 years|
|48 years||12 years|
|49 years||11 years|
|50 years||10 years|
The following list shows the maximum loan repayment tenure that an applicant will be eligible for on the basis of his or her age - Self-employed individuals only:
|Applicant Age||Maximum Eligible Tenure|
|21 years to 45 years||25 years|
|46 years||24 years|
|47 years||23 years|
|48 years||22 years|
|49 years||21 years|
|50 years||20 years|
|51 years||19 years|
|52 years||18 years|
|53 years||17 years|
|54 years||16 years|
|56 years||14 years|
|57 years||13 years|
|58 years||12 years|
|59 years||11 years|
|60 years||10 years|
|Good||750 and above|
|Average||600 - 750|
Having a higher CIBIL score strengthens the possibility of your home loan application being approved. In general, a CIBIL score of 650 or more increases the chances of your home loan application approval.
Some of the factors which affect the home loan eligibility of DHFL are listed below:
DHFL offers home loans to its customers to the extent of 90% of the property cost, provided the loan requirement does not exceed Rs.30 lakh. However, you can also avail loans of more than Rs.30 lakh though DHFL, wherein the loan to value will applicable and it will be as per the terms and conditions of the company.
You can use the Home Loan Eligibility Calculator which is offered by the company to find out your eligibility. The DHFL Home Loan Eligibility Calculator will require you to enter your basic information such as your monthly income, your name, and your mobile phone number. Once you have applied for an enquiry, the representatives of the company will get in touch with you and let you know the loan amount that you might be eligible for.
You can get in touch with DHFL through their customer care number 1800 3000 1919 or through their email ID email@example.com. You can also consider visiting the nearest branch office of DHFL and get in touch with a representative straightaway.
In the case of new home loans, the property which is purchased becomes the security. In the case of home extension or renovation loans, the existing property which is being extended or renovated becomes the mortgaged property.
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