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

    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
    Fees & Charges
    Good to Know
    Eligibility Criteria
    DHFL Plot loan is Rated as "Pretty good" by 708 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    DHFL Plot loan

    DHFL Plot Loan

    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.

    DHFL Plot Loan Reviews

    • DHFL Home Loan
      "average service"
      0.5 2.0/5 "Expected more"
      I am not happy with the service of DHFL the bills and payments they provide is not proper there is no proper response no intimations . But the rate of interest they offered is 11.35 which is fine ,customer service is not at all helpful I feel they need to improve their service ,the service of DHFL for my home loan service is average.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 17, 2017
    • DHFL Home Loan
      "Looking for better service and better loan experience"
      0.5 5.0/5 "Blown Away!"
      DHFL gave me regular follow up on home loan process.They have done everything on time. But they charged very high interest rate, they took 9.9% for the loan amount of Rs. 24 lakhs for the tenure of 30 years. It would be great, if they reduce the interest rate as per RBI guideline.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 16, 2017
    • DHFL Home Loan
      "Simply great"
      0.5 5.0/5 "Blown Away!"
      DHFL housing loan is simply great , they are doing really good. I had got this loan for a period of 5 months. They had sent a mail about the documentation I had kept all the documents ready and everything was collected from me on time. Infact, I had received all the legal documents from them. There was a charge for stamp duty and registration fee, it was very much reasonable which is 0.5% it was as per the market standard. Lastly, mine is not a joint loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • DHFL Home Loan
      "GOOD SERVICE"
      0.5 3.5/5 "Pretty good"
      I had a earlier experience with DHFL for a home loan. The drawback is the high rate of interest and the high charges. The good thing is they provide loans at locations rather restricted areas where banks do not provide. They are not recommendable for the rates.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 16, 2017
    • DHFL Home Loan
      "good service"
      0.5 4.0/5 "Great!"
      I am not much happy with DHFL service there is no proper intimations regarding my emi due also for every 10 months I have to pay my emi debit documents even the rate of interest they offered was high which was 10.16 and the representatives are also not much helpful ,I can say the overall service is average from DHFL for my home loan service.
      Was this review helpful? 0
      , rajkot
      Reviewed on Oct 13, 2017
    • DHFL Home Loan
      "Instantenous and quick method"
      0.5 5.0/5 "Blown Away!"
      I was in need of 60 Lakhs and went to DHFL only once. That's all I did, the next conversation with them was after getting the bank. The approval was instantanous and money disperse was even more quicker. Not once there has been a negative response from DHFL. But, I am pleased with this bank overall.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Oct 09, 2017
    • DHFL Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I was looking for a home loan, luckily DHFL called me and said they can offer me a loan. I liked their service and the offers. The executive is very helpful and will come to collect the documents. The rate of interest, they offered me as 8.35%.I am expecting 7 lakhs but still now its not been discussed.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 09, 2017
    • DHFL Home Loan
      "Wonderful service"
      0.5 5.0/5 "Blown Away!"
      DHFL offered a good service for example they are also took my documents and funds were realized quickly. This loan was taken before 5 years and credit score was also good . They will call me and intimate on the same. Charges are there for rate switch which is around 1700 for the applying new rate.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 29, 2017
    • DHFL Home Loan
      "Not good for banking"
      0.5 3.0/5 "Satisfactory"
      DHFL banking services are not good as well as comfortable to bank with when the market rate of interest is as 8.6 their rate of interest higher that which is hard to accept .Customer services are okay not bad but they gave charged me around 6000 for processing fee which is pathetic compared to other banks they need to reduce processing fee and rate of interest which will help.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 15, 2017
    • DHFL Home Loan
      "Housing loan"
      0.5 5.0/5 "Blown Away!"
      I had successfully taken a housing loan from DHFL. I had applied for the loan through direct channel. DHFL took around one week time to process the loan. Documentation process was completed in 10 days after 5 days the funds were released to my account. Interest rate charged by them was 8.5% and processing fee charged was 10k.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Sep 12, 2017
    • 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? 0
      , mumbai
      Reviewed on Sep 11, 2017
    • DHFL Home Loan
      "Only bank who provide home loan for gram panchayat"
      0.5 3.0/5 "Satisfactory"
      DHFL is good, they had done process home loan very great, But were not ready to reduce the rate of interest as per the government. They are doing like other banks, DHFL intimated interest rate had gone down unless I should go and approach for it. Other than that loan facilities are good like part payment and preclosure options etc.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 31, 2017
    • DHFL Home Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I have availed a home loan with DHFL around 6 months ago. This loan has the tenure of 20 years. The fore closure and the part payments options are available. They took around 2 months to disburse my loan amount. The rate of interest is high when compared with others. I planning to transfer this home loan to some other bank.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Aug 31, 2017
    • DHFL Home Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I took my housing loan with the DHFL and their interest rate is around 8.15% and the loan amount got disbursed to my account within three days of time. Process went in good manner, while it comes to documentation. Processing charges 1% from the loan amount and I dont have any issues with them till now.
      Was this review helpful? 0
      , akola
      Reviewed on Aug 30, 2017
    • DHFL Home Loan
      "Fraud and cheater....."
      0.5 0.5/5 "Unacceptable"
      I applied for a home loan from DHFL in july 2017. I got the sanction letter also but on 23rd august i received an email from DHFL gurgaon branch that my loan amount approved is 2512257/- but the amount which will be dispersed is 2340000/-. They charged 172000/- towards insurance. When i told them that i do not need any insurance product with my home loan they said the loan will not be dispersed if you do not take the insurance. It's a sheer blackmailing and cheating. I am stuck now as i am running out of time. There is no one to control these frauds. RBI should take strict action against these jholchap companies and cancel their licences.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 26, 2017
    • DHFL Home Loan
      "Worst LOCAL Bank"
      0.5 0.5/5 "Unacceptable"
      They don't have a proper process. They will change the process as per their wish. Please never approach this bank; They grab your 3000 DD beginning... Never believe this bank. Its Pakka LOCAL bank. .... You will regret later as i am doing now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 10, 2017
    • DHFL Home Loan
      "Worst bank please don't waste your time"
      0.5 0.5/5 "Unacceptable"
      Please don't go for this DHFL. Worst bank I have ever seen in my life. Sales team are blackmailers. Be carefull at the beginning try ask you 3000 to process and they take their own sweet time and finally say it did not work. Not a organised company. No proper process nothing they give in proper documents. Verbal communication is not valid remember that.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 29, 2017
    • DHFL Home Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I got the home loan with the DHFL and initially the interest rate is around 10.5% and then it changed to 10.30% and now it has currently changed to 9.30 Services are satisfactory one with them. Documentation process is very nominal , the insurance amount they have charged way high like 64000/-
      Was this review helpful? 0
      , solapur
      Reviewed on Jul 07, 2017
    • DHFL Home Loan
      "Hassle free"
      0.5 4.0/5 "Great!"
      I purchased an apartment it got a tie up DHFL, hence I processed my home loan with them. Within ten days DFHL have sanctioned my loan. I took the amount of Rs.17 lakhs for the tenure of 20 years. DHFL gave me 10.8% of interest it is floating rate one. Their service is also good like banking sector.
      Was this review helpful? 0
      , kurnool
      Reviewed on Jul 07, 2017
    • DHFL Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The DHFL is good in the service still they can give better service in concern to the home loan. I got the loan within 2months of time. The documentation process took too much of time , that was the reason why my loan got delayed. The rate of interest was high when compared with others, also I am very much happy with the loan amount.
      Was this review helpful? 0
      , panipat
      Reviewed on Jul 01, 2017
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.