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  • DHFL Home Loans Processing Fees & Charges

    Dewan Housing Finance Corporation Limited, popularly known as DHFL, is one of India’s leading housing finance companies. They offer home loans for a variety of housing-related services like construction, improvement, extension, land purchase, et cetera. Over the years, they have helped millions of customers in India in building their dream home. In fact, their interest rates right now are among the lowest in the market.

    As all of us know, all loans come with certain processing fees and charges and the same is applicable to home loans with DHFL. Regardless of the type of home loan chosen, you will have to pay home loan processing fees and additional charges, as shown in the tables below.

    DHFL Home Loan Processing Fees for Salaried/Self-Employed Professionals

    Loan Amount Processing Fees
    Up to Rs. 30 lakh Rs. 5,000 plus document charges
    Rs. 30 lakh - Rs. 75 lakh Rs. 10,000 plus document charges
    Above Rs. 75 lakh Rs. 20,000 plus document charges

    Also, a minimum login fees of Rs. 2,500 or the processing fee (whichever is lower) will be levied on your DHFL home loan application. Moreover, Goods & Service Tax (GST) will also be applicable to the aforementioned charges.

    DHFL Home Loan Processing Fees for Self-Employed Non-Professionals (SENP)

    Under the SENP category, the following two charges are levied.

    • Net Profit after Tax (PAT) - 0.5 percent plus GST.
    • Others - 1.5 percent plus applicable GST.

    DHFL Home Loan Part Prepayment Charges

    In case you decide to prepay your home loan, keep in mind that certain charges may be applicable, depending on the time that has passed since the first disbursement.

    These charges are applicable, regardless of the interest rate type you have availed your home loan (fixed or variable).

    Time Passed Since the first Disbursement Charges
    Six months Prepayment is not allowed
    After six months
    • No charges if the borrower/co-borrower is an individual
    • 2 percent plus GST, if the borrower/co-borrower is not an individual

    Also, if the loan is a DHFL Plot Loan or Easy Land and Construction Loan, then 3 percent plus applicable GST will be charged for prepayment, provided the borrower/co-borrower is other than an individual.

    DHFL Home Loan Foreclosure Charges

    Just like prepayment, certain charges will be levied if you decide to foreclose your home loan. This too depends on the time passed since the first disbursement.

    Time Passed Since the first Disbursement Type of Interest Rate Charges
    Six months Fixed/Variable Foreclosure is not permitted
    After six months Fixed/Variable
    • No charges if the borrower/co-borrower is an individual
    • 2 percent plus applicable GST if the borrower/co-borrower is not an individual

    DHFL Home Loan Balance Transfer Charges

    If you feel that you are paying more interest with your present lender, then you can always switch your home loan to DHFL through home loan balance transfer. However, depending on the category, you may have to pay certain charges.

    Category Balance Transfer Charges Applicable
    The borrower/co-borrower is an individual No charges
    The borrower/co-borrower is not an individual 2 percent plus GST as applicable

    DHFL Home Loan Other Charges

    Apart from the fees and charges mentioned above, there are additional fees and charges that you may have to pay, depending on the situation. The following table illustrates this clearly.

    Category Charges
    Legal charges As applicable to the case
    Foreclosure statement Rs. 500 plus GST as applicable
    Charges for document retrieval on closure of loan
    • For loans up to Rs. 10 lakh - Rs. 1,000 plus GST as applicable
    • For loans above Rs. 10 lakh - Rs. 2,000 plus applicable GST
      Property documents copies Rs. 500 plus GST as applicable, per copy
    Duplicate copy of No Dues Certificate Rs. 250 plus GST as applicable
    Stamp duty Applicable as per the property laws of the relevant state
    Conversion charges
    • For loans up to Rs. 75 lakh - Rs. 2,500 plus applicable GST
    • For loans above Rs. 75 lakh - Rs. 5,000 plus GST as applicable
      Provisional IT certificate/Account statement
    • No charges for the first one
    • Rs. 250 plus applicable GST for subsequent ones
      Custodial fee Rs. 500 per month
    Cheque /Electronic Clearing Service (ECS) bounce charges Rs. 500 plus applicable GST
    Overdue charges on EMI/Pre-EMI 18 percent per annum on all outstanding dues
    Issuance charges for Demand Draft/Pay Order Rs. 150 per lakh or actual bank charges, plus applicable GST (whichever is higher)
    Swapping charges for ECS/Cheque Rs. 250 plus GST as applicable, for every swap
    Collection pickup Rs. 250 plus GST as applicable

    As you can see, there is a complete spectrum of processing fees and charges that one will have to incur, when availing a home loan with DHFL. Therefore, it is recommended that you go through the document carefully and understand these charges. These DHFL home loan processing fees will be levied on your loan application, while the other charges are subject to certain conditions.

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