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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
    Good to Know
    Eligibility Criteria
    DHFL Plot loan is Rated as "Pretty good" by 742 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

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    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
      "Good Service"
      0.5 4.0/5 "Great!"
      I have a Home loan with Dhfl. The rate of interest and charges was been high with Dhfl. The documents process has been smooth with Dhfl. They disbursed the loan amount on time without any delay. The payments will be through cheques. It was a good experience with DHFL Home loan service.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 04, 2018
    • DHFL Home Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I have received the home loan service from DHFL around a year ago. The customer support service was good with the DHFL and they gave me prompt response in regards to my home loan application, they took around 2 months time to disburse the loan amount.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 16, 2018
    • DHFL Home Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      I have home loan with the Dewan housing finance limited and the response is fine one too. I would like to say that the rate of interest is higher end on initial time. I have felt that the response is fine one with the DHFL.
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 03, 2018
    • DHFL Home Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I earlier had my home loan with DHFL. The reason I done a balance transfer is because the rate of interest was very high and I requested them to reduce it. But they did not do it. The customer service is not proper as well. I need to go up the branch for every thing as they do not respond through telephone and online.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 27, 2018
    • DHFL Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken Home loan with DHFL.The loan amount is 45 lakhs,The for 15 years.Rate of interest is 10% high as compared to others banks in the market.I pay my EMI online.Documents were collected door step.They had deducted processing fees of 5000,its a nominal charges.The process is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 14, 2018
    • DHFL Home Loan
      "Average service"
      0.5 2.5/5 "Just OK"
      I have taken a home loan with DHFL and my loan experience was average. The loan amount was for Rs 29.40 lakhs with the rate of interest of 8.95% which is bit high when compared to other sources. The tenure of this loan is 30 years and the processing fee is high. The process was smooth and i received my loan amount within 15 days. Customer service was average and their response was delayed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 13, 2018
    • DHFL Home Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      Took home loan with DHFL home loans. The process was very fast and the loan amount was disbursed in three to five days. I have taken a loan with the rate of interest at 8.35% and tenure period is twenty years. For each and everything I have to go to the branch office even to collect the loan or to pay any extra charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 07, 2018
    • DHFL Home Loan
      "Okay Okay"
      0.5 2.0/5 "Expected more"
      I got the home loan with the DHFL and the response was not really up to the mark. Interest rate was really on higher end, while I have applied. I would like to say that the processing charges and other aspects are really on higher end.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 07, 2018
    • DHFL Home Loan
      "Good Loan"
      0.5 5.0/5 "Blown Away!"
      I got a Home Loan from DHFL and the experience after the first year post taking the loan has been quite good. They have provided me with a good rate of interest. The procedure of getting the loan has been pretty simple and involved not much difficulty.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 02, 2018
    • DHFL Home Loan
      "Best "
      0.5 3.0/5 "Satisfactory"
      I am having the home loan with the DHFL and the customer service is not really good one. I would like to say that the response could be get improvised and the rate of interest is around 12%. I am really happy with the DHFL for my home loan, which got disbursed.
      Was this review helpful? 0
      , greater noida
      Reviewed on Jan 23, 2018
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My Home loan experience with DHFL was very good, the loan amount was for Rs 18 lakhs with the rate of interest of 8.7% which is less when compared to all other sources. The loan amount was disbursed on time. Customer service was good and they collected documents on time. The tenure of the loan is 14 years and it was overall a good service from DHFL.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 22, 2018
    • DHFL Home Loan
      "Good"
      0.5 4.0/5 "Great!"
      Planned to build home in my village, was thinking from which bank should I take the loan. I was keen looking for the right place for me with the good interest and required loan amount. Then I chose DHFC home loan, were I got 15lakhs with interest rate of 10.5% and 20years of tenure.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 22, 2018
    • DHFL Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have a home loan from Dhfl,the service is good. The interest rate they quoted me is fine and the documents have been collected from my door step which was an easy process. Dhfl customer service is good. It is excellent experience with Dhfl home loan department.
      Was this review helpful? 0
      , noida
      Reviewed on Jan 17, 2018
    • DHFL Home Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The rate of interest and the charges are very low with the DHFL home loan services when compared with other banks. I have got the home loan from DHFL around 10 months ago. The customer support of DHFL is good and they have disbursed the loan amount within 15days of time.
      Was this review helpful? 0
      , salem
      Reviewed on Jan 17, 2018
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a home loan from DHFL and it was a good loan experience. The loan amount was for Rs 12 lakhs with the rate of interest of 9% which is high when compared to all other sources. The process was smooth and i received my loan amount within the given time. Customer service was good and they provided door step service to collect the documents. The tenure of the loan is 15 years and it was overall a good service from DHFL.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 08, 2018
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My Home loan experience was very good with DHFL, the loan amount was for Rs 16 lakhs with the rate of interest of 8.35% which is the best rate in the market. I have taken this loan on scheme basis where there was an agreement between the builder and the buyer. There was a pre emi offer where 25% has to be paid and there was Memorandum Of Understanding which is court registered. The customer service was good and they collected documents on time. I received my loan amount within 1 month and the tenure of the loan is 10 years.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 29, 2017
    • DHFL Home Loan
      "GOOD"
      0.5 4.5/5 "Excellent!"
      It was a good experience that I had with DHFL as i took a home Loan from them . The institution gave me a full approval on the amount which I had asked for . The money got Disbursed within 15 working days of time . The Rate of interest was high and fluctuating . The institution charged me the Processing fee for 1% + service tax added . The option of Pre closure and part payment with no extra charges added .
      Was this review helpful? 0
      , jalandhar
      Reviewed on Dec 29, 2017
    • DHFL Home Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a Home loan with DHFL.The loan amount is 13 lakhs,rate of interest is 9% nominal as compared to others .The tenure is for 20 years 3 years got over.I had to submit documents for the same.I don't have any issues banking with them,the process was quick.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 20, 2017
    • DHFL Home Loan
      "Charges and interest rate to be better"
      0.5 3.0/5 "Satisfactory"
      The service was faster with DHFL Bank for the home loan. But rate of interest was high compared to the marked standard. The processing fee was normal. But insurance fee was high, they provided a insurance for me as well as for my home which was not required. The customer service and response is good.
      Was this review helpful? 2
      , kolkata
      Reviewed on Dec 09, 2017
    • DHFL Home Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My home loan experience with DHFL was good, i have taken loan for Rs 14.04 lakhs with the rate of interest of 9.5% which is bit high when compared to other sources. It took one month for the loan amount to get approved. The processing fees is very high and also there is a penalty on preclosure of the loan. Customer service was good and they followed up correctly, they provided door step service to collect the documents.
      Was this review helpful? 1
      , navi mumbai
      Reviewed on Dec 04, 2017
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