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 Loan Interest Rates
    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
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    Good to Know
    DHFL Home Loan Interest Rates is Rated as "Great!" by 14 Users

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    Promised Interest Rate

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    DHFL Home Loan Interest Rates

    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
    Pre-closure 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.

    DHFL’s Home Loans Can Be Availed for Purposes Such As:

    • Home improvement
    • Home construction
    • Home extension
    • Purchasing a plot/land
    • Purchasing a plot and constructing a house

    Types of Home Loans offered By DHFL

    • Home loan for the salaried
    • Home loan for the self employed

    DHFL Home Loan Interest Rate for Salaried Individuals

    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%.

    DHFL Home Loan Interest Rate for the Self-Employed

    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.

    Eligibility Criteria for Applying DHFL Home Loan

    There are a couple of determinants taken into consideration in order to attain the loan such as:

    • Age
    • Repayment capacity
    • Number of dependents
    • Educational Qualification
    • Stability of Income
    • Liabilities
    • Assets
    • Co-applicants income
    • Financial history

    Documentation Required for DHFL Home Loan

    For Salaried

    • KYC Documents
    • Pay slip for the last 2 months/salary certificate
    • Form 16
    • 3 months copy of bank’s passbook/bank statement
    • Company profile in case it’s a lesser known company

    For Self-Employed Businessmen

    • KYC documents
    • Copy of the last 2 years income tax returns and computation of income attested by a Chartered Accountant
    • Copy of the last 2 years Profit and loss statement along with the balance sheet, also attested by a Chartered Accountant
    • A brief business profile on the letterhead of the business
    • Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable)
    • Copy of Tax Deduction Certificate / Form – 16A (if applicable)
    • Details of Contract (if applicable)
    • 6 months bank statement of saving, current and overdraft account
    • Copy of Licence of establishment/VAT registration and other mandatory licenses
    • Copy of Advance Tax paid / Self-Assessment Tax paid challan

    For Self-Employed Professionals (Same As Above with the Following Additions)

    • Copy of Educational Qualification Certificate
    • Copy of Professional Practice Certificate
    • Salary Certificate (in case of doctors having salaried income)

    DHFL Home Loan Documentation Required For Non-Residents

    • KYC Documents
    • Salary Certificate from the employer mentioning the name as in passport, date of joining, passport number, designation and latest salary and perquisites, in English.
    • Salary slips for the last 3 months / Salary Certificate (If variable components like overtime & incentives are reflected, then 6 months’ salary pay slips are required)
    • Latest Income Tax Returns (if applicant files IT returns in India).
    • For Self Employed Individuals, documents evidencing currently in business like Trade License, Registered Power of Attorney or agreement with sponsor, etc.
    • Passport copy with valid residence visa page.
    • Work Permit/ Labour contract copy / Photocopy of Identity card or any other proof of work / employment issued by concerned Government authorities
    • Property related documents, detailed cost estimates from an Architect/ Engineer (from India).
    • Processing fee cheque drawn on applicant’s bank in India or draft payable at the place where the application will be processed.
    • The income documents for salaried should be attested by the embassy official if documentary evidence like bank statement for credit salary or frequent remittance of fund to India is not available.
    • Copy of all overseas bank statements for the last 6 months, if any
    • Copy of NRE / NRO bank statement of the last 6 months
    • Power of Attorney (POA) if applicant is not available in India for signing of documents in DHFL’s format.
    • Copy of Continuous Discharge Certificates

    Factors on Which the DHFL Home Loan Interest Rate Depends:

    • Applicant’s Salary: The income of an applicant is one of the factors that determine the interest rate the customer has to incur. These are inversely proportional to each other. Higher the Income, lower the interest rate the applicant has to pay.
    • Amount of the Loan: The interest rate also depends on the loan amount. The higher the loan amount, the interest rate becomes higher as well.

    Tips to Reduce DHFL Home Loan Interest Rate

    • Shorter Tenure: The interest rate is affected by the tenure of the loan. The shorter the tenure, the lower the total interest paid. However, the EMIs paid will be higher.
    • Increase EMIs: Increasing the amount of EMI paid will not only reduce the overall interest paid, but will also enable you to pay off the loan faster.

    DHFL Bank Home Loan Interest Rate 2017 Reviews

    • 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? 2
      , mumbai
      Reviewed on Sep 11, 2017
    • DHFL Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Recently I had taken a housing loan from DHFL. Interest rate is 8.14% which is too normal when compared with other banks in the market. I am quite satisfied in rate of interest. Documentation part is very simple with them. I had received a very good customer service from DHFL.
      Was this review helpful? 9
      , indore
      Reviewed on May 04, 2017
    • DHFL Home Loan
      "Interest rate has to be reduced !!!"
      0.5 4.0/5 "Great!"
      Dhfl they are bit higher in their interest rates. Otherwise their service was good. Interest rate at the time was good. They are doing good job. They are very liberal in providing loan. Process was good with Dhfl. Interest rate is high, dhfl has to have a look into it the interest rate ans there cane be some deduction in their interest rate for existing customers.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Sep 30, 2015
    • DHFL Home Loan
      "Best!!!"
      0.5 5.0/5 "Blown Away!"
      Had a very nice experience with Dhfl Ltd in terms of my Home loan. I am comfortable Dhfl. Interest rate and charges what they offered me was normal . Within 15 days my personal loan got disbursed. I am very much happy with the service as well....
      Was this review helpful? 3
      , ghaziabad
      Reviewed on Jul 29, 2015
    • DHFL Home Loan
      "Fanstatic"
      0.5 2.0/5 "Expected more"
      I have already taken a housing loan with HDFC Ltd that was the main reason why I was unable to take a housing loan with DHFL. Rate of interest offered by DFHL was on the higher side which is 10.25% however HDFC offered me around 10.15%. Not a big deal with processing fee, however interest rate matters a lot for me, that is why I have gone with HDFC Ltd.
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Mar 18, 2015
    • DHFL Home Loan
      "Working good!!!"
      0.5 3.0/5 "Satisfactory"
      Immediately got a call from DHFL on my home loan request and experience was good. DHFL interest rate is very less and best in comparison to some other banks. Infact the property documents were not clear thus I unable to take home loan.
      Was this review helpful? 3
      , kolkata
      Reviewed on Mar 16, 2015
    • DHFL Home Loan
      "Pleasant experience"
      0.5 4.0/5 "Great!"
      DHFL housing loan is ok. I have taken a housing loan with DHFL. Rate of interest offered d by them was variable. Interest rate offered by them was 10.25%. Processing fee charged by them was a little high. It could have been better if they could have reduced it.
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 14, 2015
    • DHFL Home Loan
      "It was excellent!!"
      0.5 4.0/5 "Great!"
      Actually it was fair experience with DHFL as response was quick but unfortunately I could not take home loan due to personal reasons and commitments. I am planning to take it post three years so when at that time would definitely come back to DHFL. Satisfied with DHFL interest rate on home loan because they are offering 13%.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 12, 2015
    • DHFL Home Loan
      "Fanstatic"
      0.5 3.0/5 "Satisfactory"
      I am unable to finalize the property yet, I am still searching for the property that was the main reason for not taking a housing loan from DHFL. Rate of interest offered by them was really high. Processing fee charged by them was ok. I got a call from after a few days after I logged in and overall the service offered by them was good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Mar 10, 2015
    • DHFL Home Loan
      "Fanstatic"
      0.5 3.0/5 "Satisfactory"
      I have arranged my own funds that is why I have not taken a housing loan with DHFL. At that time of applying I had checked with other banks as well, however DHFL interest rate was very high which is 15%. Processing fee charged was zero percent with other Banks. Where as DHFL processing fee was rs 1000 approximately.
      Was this review helpful? 1
      , chennai
      Reviewed on Mar 06, 2015
    • DHFL Home Loan
      "Good"
      0.5 4.5/5 "Excellent!"
      DHFL housing loan is ok . I had already approached RECCO as it is next to my place. I got a positive response from them as well so I took a housing loan from them. One of my friend has advised me to apply at DHFL. Nothing wrong with DHFL rate of interest and processing fee charged by DHFL is quite similar to others. I have planned to approach DHFL for the two wheeler loan shortly.
      Was this review helpful? 1
      , chennai
      Reviewed on Mar 06, 2015
    • DHFL Home Loan
      "Very good"
      0.5 4.0/5 "Great!"
      Unfortunately, I was unable meet the norms that is the reason why I have not taken a housing loan with DHFL. Rate of interest and processing fee charged by them was ok. It was mainly because I did not meet the eligibility criteria I was unable to take it.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 30, 2014
    • DHFL Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Yet to finalize the property that is the first and foremost reason why I have not taken a housing loan with DHFL. Rate of interest charged by them is 10.25% which is ok and the processing time charged by them is reasonable. This is the first time I have approached DHFL for the housing loan.
      Was this review helpful? 0
      , mysore
      Reviewed on Dec 30, 2014
    • DHFL Home Loan
      "Good service "
      0.5 4.5/5 "Excellent!"
      I have opted loan from Divan housing finance limited, their customer service and response were good. DHFL rate of interest was quite competitive in the market and it will be good if they work on to improve their online service apart from that am quite ok, and I don't have any issue.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 29, 2014
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