A "low interest" loan shouldn't mean you have very little interest in paying it back!
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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
    Fees & Charges
    Good to Know
    Eligibility Criteria

    DHFL Plot loan is Rated as "Pretty good" by 688 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Home Loan BYTES FROM OUR KITCHEN

    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 Service Tax and Cess, 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 3.5/5 "Pretty good"
      The DHFL process was very fast in concern to the home loan. The documentation process was done in 10 days of time, within 10 days I got disbursement as well. The rate of interest is competitive and I got the housing loan on 2015 and that time DFHL offered interest rate was low . Then I would say it was very good experience with DFHL. The process was done in smoother way. I never felt any kind of hassle in their service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 13, 2017
    • DHFL Home Loan
      "Service and Interest rate has to be improved"
      0.5 3.0/5 "Satisfactory"
      DHFL sanctioned only 80% of amount on my property value and their loan process also got delayed. DHFL had taken around one month to process the loan, but I submitted all the papers to them, like KYC, property documents and last two years form16 etc. Finally I got the amount of Rs.33 lakhs for the tenure of 20 years. My Emi amount is Rs.33,200 every months. I am not happy with the interest rate, all banks were offering reversed interest rate of 8.5% but they giving 9% of interest rate.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 07, 2017
    • DHFL Home Loan
      "Delayed response"
      0.5 2.0/5 "Expected more"
      I initially applied for a home loan with DHFL before I took the loan from Saraswat co-operative bank. The process to get my sanction letter was a very lengthy one and because of which I cancelled my plans to take the loan from them. It was not a good experience.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jun 06, 2017
    • DHFL Home Loan
      "Happy Service"
      0.5 4.0/5 "Great!"
      I think I had taken housing loan from DHFL during last year November. The loan process was really smooth, there are no issues with them in taking the loan. Interest rate is below 9% and I am happy with the bank for the housing loan process. Customer service is also good.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Jun 01, 2017
    • DHFL Home Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      During the year 2010, I had taken housing loan from DHFL. At that time, the interest rate was 8.5% now it has been increased up to 11%. I had spoken to the bank to reduce the rate, they said they will do so. Documentation process is as same as other banks and the customer service is really good.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 31, 2017
    • DHFL Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My home loan is from DHFL. The services were good and we got a good deal from them as well. The rate of interest was of 9%, and the process was completed on time. I had applied for 24 lakhs initially and that also got sanctioned later on I have other flat with low budget so I had opted for 19 lakhs.
      Was this review helpful? 2
      , mumbai
      Reviewed on May 30, 2017
    • DHFL Home Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      I have got the home loan from DHFL and the rate of interest is nominal one with them. The loan amount got approved within fifteen days of time and the customer service are good one with them. Response is also an immediate one with them like they are okay to help on the time when it comes to customer approach.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 29, 2017
    • DHFL Home Loan
      "Response has to be improved"
      0.5 3.0/5 "Satisfactory"
      DHFL service is not up to the mark, they wont respond well for any queries. But their loan process was good but their response has to be improved. I have the loan amount of Rs.10 lakhs for the tenure of 15 years, I already paid it for five years remaining I should pay for ten y ears. They offered the interest rate of 12% on home loan
      Was this review helpful? 3
      , coimbatore
      Reviewed on May 25, 2017
    • DHFL Home Loan
      "Not Followed their promises"
      0.5 0.5/5 "Unacceptable"
      Application no. 01460145. My home loan had not got approved until 5th April (according to DHFL representative statements). They told that, that was the year end so they would process my loan on next financial year. Eventually, it got approved on 6th April and they informed to arrange the registration. So I arranged the registration on 7th April and they dispatched the cheque on 7th April. Everything was set to go. Anyone would expect the EMI be following in the month of May as I got the Loan amount in the month of April. I am very shocked, as the loan got approved on 6th April and first EMI starts on 12th April. So I called and inform to DHFL rep, he told "I will check and let you know". I called him on 13th April. It's more than a week since I raised my concern & still have been waiting for the response. I tried contacting them but the respective staff did not pick my call. Now They charged 11.25% interest, since they confirm as 10.25% while they check my credit eligible.
      Was this review helpful? 3
      , chennai
      Reviewed on May 09, 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? 6
      , indore
      Reviewed on May 04, 2017
    • DHFL Home Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having the home loan with the DHFL and I got the loan approval in couple of days. Services are an excellent one with them. Interest rate is around 8.7% and the response is also a good one with them. Documentation procedures are nominal one with them.
      Was this review helpful? 4
      , dubai
      Reviewed on Apr 29, 2017
    • DHFL Home Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I got home loan from DHFL. When I was taking a loan from them the interest rate was 9.55% now they have changed it to 8.95%. Two years back I had taken a loan. Till there is no issues with them. I had got this loan with ten days of time. Their approach is really good.
      Was this review helpful? 2
      , erode
      Reviewed on Apr 27, 2017
    • DHFL Home Loan
      "Fast Service"
      0.5 4.0/5 "Great!"
      I had got home loan from DHFL. Recently I availed the loan. The interest rate is 9.80% which is nominal. It was easy for me to take a loan from them. Even they had completed the home loan process within the stipulated time. I got such a fast service from them.
      Was this review helpful? 1
      , pune
      Reviewed on Apr 26, 2017
    • DHFL Home Loan
      "Applied Insurance without signing any doc & started EMI"
      0.5 0.5/5 "Unacceptable"
      Regarding the DHFL application ID: 01459573, submitted a Nallasopara Branch, post finalization on deal of my First Home in Mira Road, I applied for an Home Loan in DHFL by 1-2 week of March. When I went to sign the final agreement and documents on 25th March, I was shocked to see the final loan amount was jumped from ~34 lakh to ~37 lakh. Without any confirmation DHFL opted for all insurance that summed to 2.25 lacs. I asked to revert the insurance but they said its not possible and asked to cancel. Now they have started collecting the EMI without Disbursement and any document with penalty. I am really in trouble, my home owner is on top of my head to cancel the deal.
      Was this review helpful? 2
      , mumbai
      Reviewed on Apr 20, 2017
    • DHFL Home Loan
      "Good "
      0.5 4.0/5 "Great!"
      I got the home loan with the DHFL with the interest rate as 9.8% and the loan amount got disbursed to my account within thirteen to fourteen days of time. Response is good one with them but am not satisfied with the customer service like they have not resolved my queries real time. Post disbursement response is not really good with them.
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 15, 2017
    • DHFL Home Loan
      "Prompt"
      0.5 4.0/5 "Great!"
      I got the home loan with DHFL and their interest rate is slightly high while compare with other competitors. The loan amount got disbursed to my account with quite faster moment. Response is good one with them, also they are very prompt and their processing charges are also less one with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 10, 2017
    • DHFL Home Loan
      "Good Bank and Good Service"
      0.5 4.0/5 "Great!"
      One and half years ago, I had taken a home loan from DHFL Bank. At that time, the interest rate was 9.7% which is nominal and there are no foreclosure charges on my home loan. The customer service is excellent, they were very cautious and they always aim at providing customer satisfaction.
      Was this review helpful? 3
      , pune
      Reviewed on Mar 28, 2017
    • DHFL Home Loan
      "More convenient in terms of interest rate"
      0.5 4.0/5 "Great!"
      In the beginning, I had applied for a home loan with another bank. But when compared with DHFL in terms of interest rate, I felt they are providing lower interest rate so I switched over to DHFL. The whole process was really smooth and the executive came and collected the documents.
      Was this review helpful? 2
      , chennai
      Reviewed on Mar 15, 2017
    • DHFL Home Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I took my housing loan with the DHFL and their interest rate is around 9.10% and the loan amount got disbursed to my account within fifteen days of time. Process went in good manner, while it comes to documentation. Processing charges were nil for me and I dont have any issues with them till now.
      Was this review helpful? 2
      , thane
      Reviewed on Mar 15, 2017
    • DHFL Home Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      The reason for I had selected a DHFL was, they are providing loans for Gram panchayat area, this is really a good thing they are doing. Because few banks are not ready to provide loans for Gram panchayat area. The interest rate is also nominal, their interest rate is 8.75%. I am happy with DHFL.
      Was this review helpful? 1
      , delhi
      Reviewed on Mar 03, 2017
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