As an established housing finance company for 33 years, DHFL’s vision is to transform the housing sector in India. The headquarters is based in Mumbai and the organization has a widespread network of over 300 offices in the country. Evolving as a financial company over the years, DHFL has a wide array of products to offer to its customers while also keeping a customer centric approach with its business.
|Rates and Charges||Specification|
|Interest rate||9% - 9.75%|
|Processing fee||Rs.5000 - Rs.20,000|
|Loan Tenure||1 – 30 years, up to age of retirement or 60 years of age, whichever is earlier. (65 in case of self-employed individuals.)|
|Partial pre-payment charges||Nil|
|Guarantor Required||No Guarantor Required|
DHFL offers home loans at an interest rate between 9% and 9.75%. The processing fee payable by the customer ranges between Rs.5000 and Rs.20,000, depending on the loan amount. The tenure of the loan can range anywhere between 1 year to 30 years, and the bank doesn’t charge customers for partial pre-payment and pre-closure of the loan. Furthermore, DHFL bank doesn’t require the customer to have a guarantor. A maximum of Rs.500 lakh can be attained and shouldn’t exceed 85% of the property cost (including stamp duty and registration), or 80% of the market value, whichever is lesser. The minimum loan amount is Rs.1 lakh.
|Loan Amount||Rate of Interest|
|Up to Rs.25 lakh||9.00%|
|Above Rs.25 lakh and below Rs.75 lakh||9.00%|
|Above Rs.75 lakh and below Rs.100 lakh||9.15%|
|Above Rs.100 lakh and below Rs.150 lakh||9.15%|
|Above Rs.150 lakh and below Rs.300 lakh||9.35%|
|Above Rs.300 lakh||9.75%|
For salaried individuals, the rate of interest remains at 9% for loans up to Rs.75 lakh. For loans above Rs.75 lakh and below Rs.150 lakh, the interest rate to be paid is 9.15%. For loans above Rs.150 lakh and below Rs.300 lakh, a 9.35% rate of interest applies. Lastly, for loans above Rs.300 lakh, salaried individuals will have to pay 9.75%.
|Loan Amount||Rate of Interest|
|Up to Rs.25 lakh||9.10%|
|Above Rs.25 lakh and below Rs.75 lakh||9.10%|
|Above Rs.75 lakh and below Rs.100 lakh||9.25%|
|Above Rs.100 lakh and below Rs.150 lakh||9.25%|
|Above Rs.150 lakh and below Rs.300 lakh||9.45%|
|Above Rs.300 lakh||10.00%|
The rate of interest for self-employed individuals is marginally higher than that of salaried individuals. For loans up to Rs.75 lakh, the rate of interest applicable is 9.10%. For loans above Rs.75 lakh and up to Rs.150 lakh, the rate of interest would be 9.25%. For loans above Rs.150 lakh and below Rs.300 lakh, the rate of interest is 9.45%. And, for loans above Rs.300 lakh, there is a 10% rate of interest applicable.
There are a couple of determinants taken into consideration in order to attain the loan such as:
For Self-Employed Businessmen
For Self-Employed Professionals (Same As Above with the Following Additions)
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