A "low interest" loan shouldn't mean you have very little interest in paying it back!
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    DHFL Plot loan

    DHFL is one of the most renowned companies when it comes to home loans. Recognised for its attractive offers, various schemes, and versatile repayment schedules, the company is one of the leaders in the market for housing loans.
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    We found 1 DHFL Plot 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
    Think about
    Good to Know

    Established in the year 1984, DHFL works with the aim of providing housing finance assistance to lower and middle income groups, at affordable rates, in semi-urban and rural India. The company boasts of a rich history, and is the second housing finance company to be established in the country. Based in Mumbai, the company and has a widespread network of 365 offices spread across India. DHFL also has an international presence through its representative offices in Dubai and London for catering to the financial needs of NRIs. The organization has taken a progressive step in the arena of housing finance by tying up with leading private and public sector banks like United Bank of India, Punjab and Sind Bank, Central Bank of India and YES Bank.

    Plot loans enable customers to avail financial assistance for buying a piece of land/plot of their choice. After acquiring the plot, you can construct a house/apartment/structure in tandem with your requirements. This also gives you the liberty to build your dream house according to your aesthetics, unlike buying a pre-existing house or flat. Plot loans are different from house loans because the latter provides financial assistance for buying a newly constructed or pre-existing house/apartment. Plot loans, on the other hand, offer funds for buying a plot on which the borrower can construct his/her house or apartment from scratch.

    DHFL makes plot loans easily accessible to customers, by offering it at practical interest rates. The innovative plot loan scheme also comes with special features tailor-made to suit the varied need of the company’s wide customer base.

    Features and Benefits:

    • The loan tenure ranges from a minimum of 1 year to a maximum of 20 years. The tenure does not extend beyond the applicant's retirement age (whichever is earlier). It is 60 years for salaried individuals and 65 for self-employed individuals.
    • The long tenure of 20 years enables borrowers to reduce the EMI amount, as they get enough time to pay back the loan. This helps them in repaying the loan without disrupting their monthly budget.
    • Plot loan can be availed for buying nonagricultural land. The same needs to lie within Municipal / Local Development Authority limit.
    • The lending rates for this type of loan is based on the DHFL’s Retail Prime Lending Rate (RPLR). Please note that this fluctuates from time to time based on the prevalent market conditions.
    • DHFL provides customers with different options for repaying their plot loan. They can either pay back the loan through ECS (Electronic Clearing Service), which is based on standing instructions to the borrower’s bank. Customers can also choose to pay EMIs towards the loan via postdated cheques drawn on their bank account.

    Eligibility:

    • If the applicant is self-employed then he/she should not be more than 65 years old, and salaried individuals should not be more than 60 years old to avail the loan.
    • One can apply for DHFL plot loans either individually or jointly (with a spouse or close family member).
    • Applicants can avail a plot loan, from DHFL, of up to 75% of the direct allotment letter + stamp duty + registration fee, or 75% of market value of the plot (whichever is lower). You can avail a higher amount of loan by including an earning co-applicant. Whether the applicant is eligible to avail a plot loan or not, and loan amount to be disbursed is determined taking into account the following factors -
      1. Applicant’s loan repayment capacity
      2. Age of the applicant
      3. Applicant's educational qualifications
      4. The stability and continuity of applicant’s income
      5. The number of dependents on the primary applicant
      6. Income of co-applicant
      7. Assets held and savings habit of the applicant
      8. Applicant’s saving habits

    Fees and charges:

    The processing fee charged for availing plot loans from DHFL is Rs. 5000 to Rs. 20,000 (for salaried and self-employed professionals), and Rs. 1.5% of the loan amount for self-employed nonprofessionals. Please note that GST, as applicable, is also charged in addition to the aforementioned processing fee.

    Documentation:

    To successfully avail plot loan from DHFL, one needs the following documents -

    • All the documents in compliance with standard KYC norms.
    • Valid identity proof issued by the government - passport, aadhar card, voter ID card, driving license, PAN card.
    • Proof of residence - telephone bill, electricity bill, ration card, etc.
    • Copy of educational qualification certificates.
    • Details of contract, only if applicable
    • Passport size photographs of primary applicant and co-applicants.
    • Proof of income - valid salary slips, bank statements of last 6 months, form 16/IT returns, PAN card. The number of months (of which salary slips and bank statements are required) varies according to the professional profile of the applicant.

    DHFL Plot Loan FAQ

    1. What is a co-applicant? Who can be my co-applicant if I am availing a plot loan from DHFL?

      When you avail a loan, you can have a co-applicant for the same who is being offered as a collateral/security towards the loan. Co-applicants are also co-owners of the property for which the loan is being availed. Please note that all co-applicants need not be co-owners. A primary applicant usually chooses his/her spouse, son/daughter or one of the parents as co-applicant for the loan. You can do the same while availing a plot loan from DHFL.

    2. How do I figure out the right time to apply for a plot loan?

      You can apply for a plot loan before or after selection of the plot. The loan quantum is usually sanctioned in principle. This is done to let the buyers know of the amount they can avail of. This comes in handy for the borrowers to decide their budget and purchasing power. The loan is finally disbursed after a complete verification of the necessary documents, and finishing all the other procedures.

    3. What is the meaning of fixed rate of interest?

      When the rate of interest remains unchanged during the entire duration of the loan, it is called fixed rate of interest. This also means that customers do not benefit even if plot loan interest rates drop, due to fluctuating market conditions, even during the duration of their loan.

    4. Does DHFL ask for a guarantor to avail plot loans?

      No, you do not need a guarantor to avail plot loan from DHFL. You can have a co-applicant, instead.

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    DHFL Plot Loan Reviews

    • DHFL Home Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I had taken a Home Loan from DHFL LTD a long time back and the loan is still running. The loan amount has been sufficient but the interest rate with them has been quite high, where they had not reduced the interest rate as well. The processing fee and charges which they had made has also been high when compared with the other banks.
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 20, 2019
    • DHFL Home Loan
      "Interest rate is the rocket high "
      0.5 3.0/5 "Satisfactory"
      Since the property comes under the collector passing. None of the private banks were ready to offer me a housing loan. So I approached DHFL for the housing loan . They take almost one month to sanction my loan with almost higher interest rate of around 12 % for next 15 years .
      Was this review helpful? 3
      , thane
      Reviewed on Apr 02, 2019
    • DHFL Home Loan
      "No to Go With DHFL"
      0.5 0.5/5 "Unacceptable"
      It is easy to get loan from DHFL but impossible to pay with EMI. They are increasing the interest rate 4 or 5 times in a year but not decreasing the interest rate when even RBI decreases the repo rate. I took a home loan for 20 years and after 20 months of EMI still 24 years are remaining to pay. Now Calculate before go with DHFL.
      Was this review helpful? 2
      , ghaziabad
      Reviewed on Apr 01, 2019
    • DHFL Home Loan
      "Not proper customer service"
      0.5 1.0/5 "Really Bad"
      DHFL charges me a very high interest rate and staff were given more wrong information about the interest rate and government scheme . I didn't get the government scheme because of fake information by the executive .Because of that , 2-3 lakhs were loss to me .
      Was this review helpful? 1
      , mumbai
      Reviewed on Mar 27, 2019
    • DHFL Home Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this Home loan from them a long time back and the experience i had with them was pretty good. The loan amount has been sufficient and the interest rate with them has been nominal as well. The charges which they had made has also been pretty less.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Mar 21, 2019
    • DHFL Home Loan
      "A happy Home loan"
      0.5 4.5/5 "Excellent!"
      My home loan in DHFL has got sanctioned in 10 days of time . I purchased a 2 BHK flats near my location . I am so happy to own my house in my Name . Thankful to DHFL . DHFl provides a Interest rate of Approximately 9 % for next 20 years of EMI . A very happy service provided by DHFL .
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 20, 2019
    • DHFL Home Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      My experience with the DHFL is average because the reason is they have offered with higher rate of interest but it is floating. They have given the good loan amount with this loan and with simple and quick also approved on time. The documentation process was simple.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Mar 19, 2019
    • DHFL Home Loan
      "Need to reduce the interest rate and charges"
      0.5 3.5/5 "Pretty good"
      I took my home loan in DHFL by last year. The intersect rate is high and they have provided me 99% of loan to purchase the house. They have given a proper service and the followups is good. They have charged me a processing fee which was high. The loan duration is 30 years and one year completed.
      Was this review helpful? 3
      , mumbai
      Reviewed on Mar 16, 2019
    • DHFL Home Loan
      "Average services"
      0.5 3.0/5 "Satisfactory"
      I have applied for the home loan with DHLF , the tenure period is 30 year .The rate of interest is 10.37% and it is high . The process was easy in DHLF to take the home loan. The processing fee is okay. They gave the preclosere option also with this bank . Loan amount is good .
      Was this review helpful? 3
      , pune
      Reviewed on Mar 13, 2019
    • DHFL Home Loan
      "Response should be prompt"
      0.5 5.0/5 "Blown Away!"
      My existing home loan running with DHFL, there is no customer support at all. At the time of availing the loan they responded well, after when the deal closed there was no response from their end. The process was very good, they quoted me the interest around 8.7% before two year. Its almost 1% higher.
      Was this review helpful? 1
      , bangalore
      Reviewed on Mar 12, 2019
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken a Home loan from DHFL bank. I had very good experience with DHFL , i use to pay excess EMI to close so soon . I got hassles free services from customer executive of DHFL . Rate of interest is is nominal in market . My loan amount is up to the mark.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 10, 2019
    • DHFL Home Loan
      "Average & need to improve the service"
      0.5 3.0/5 "Satisfactory"
      I had a home loan in DHFL and it was completed. They need lot of improvement in terms of service. The customer service is not good. I have purchased a residential property. The interest rate and processing fee was high when compared to others. The loan process was good.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Mar 02, 2019
    • DHFL Home Loan
      "Fast Process in DHFL"
      0.5 4.0/5 "Great!"
      Purchased my home loan from DHFL. Got the loan 1 year back according to my documents, DHFL provided me a home loan. At the moment, i have not paid any EMI till the possession and so far the builder has been paying the EMI. I have bought the loan amount of Rs. 24 lakhs and i do not remember about the interest rate. I pay processing fee of Rs. 4500. Total tenure period of the loan is 22 years.
      Was this review helpful? 6
      , faridabad
      Reviewed on Feb 25, 2019
    • DHFL Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had applied for a home loan and It was with DHLF INSTITUTION . The good thing about DHLF is their customer service. I was highly impressed. My home loan was approved in few days.They are awesome and they take care of you need very well. Loan amount is satisfactory .
      Was this review helpful? 4
      , new delhi
      Reviewed on Feb 23, 2019
    • DHFL Home Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The experience i had with this loan was quite good and the loan amount which they had provided has been sufficient as well. But the interest rate with them was very high and they had also taken extra charges. Their customer support has been fine and has been helpful.
      Was this review helpful? 1
      , pune
      Reviewed on Feb 17, 2019
    • DHFL Home Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I took a home loan from the DHFL FINANCIAL INSTITUTION . I got the loan with in few days. The application process and the documentation was not so easy and i am not that satisfied with their services . Loan amount what they gave was satisfactory . The tenure period is 12years .
      Was this review helpful? 4
      , mumbai
      Reviewed on Feb 15, 2019
    • DHFL Home Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I had taken this Home loan almost six months back and the experience with them so far has been quite good. The loan amount has been less than expected but it was fine and the interest rate with them has been nominal. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 6
      , bangalore
      Reviewed on Feb 14, 2019
    • DHFL Home Loan
      "Looking for less interest rate"
      0.5 4.0/5 "Great!"
      I have taken a home loan with DHFL and my experience was good, the loan amount was for Rs 5.5 lacs with high interest rate when compared to others. Processing took 7-8 months to complete. Customer service was very good and their response is on time.
      Was this review helpful? 4
      , mysore
      Reviewed on Feb 04, 2019
    • DHFL Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken my home loan with DHSL HOUSING FINANCE , the experience is average because some how there are taking additional charges with out my knowledge . In 1.5 year they have increase thrice the rate of interest and it is very high . Even processing fee is very high here .
      Was this review helpful? 4
      , mumbai
      Reviewed on Jan 29, 2019
    • DHFL Home Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      The experience i had with this Home loan was not that great where the services which they had provided has been good. The loan amount which they had provided has been sufficient but the interest rate with them has been pretty higher. The charges which they had made has also been on the higher end.
      Was this review helpful? 6
      , ahmedabad
      Reviewed on Jan 26, 2019
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