DMI Housing Finance

The EMI calculator provided on the website will easily give the customer an idea of what the EMI will be according to their loan amount, rate and tenure. These numbers will have to be inserted in the calculator which will immediately display the Monthly Payment that the applicant will have to pay with the particular loan.

Home loans from DMI Housing Finance:

The application process involved in getting a home loan from DMI Housing Finance is simple and straightforward. The low processing charges and attractive interest rates is what makes home loans from DMI Housing finance so popular and affordable for all.

Loans can be availed for the following purposes:

1. Purchasing new property
2. Constructing new property
3. Composite loan (for a buying plot and construction of a residential house on it)

Features of DMI Housing Finance

Home Loan:

1. DMI Housing Finance aims at understanding the requirements of customers and providing them with customized home loan to meet their requirements. Following are some of the salient features that the company offers:
2. Maximum Loan Amount: The loan amount that you can avail depends on the market value of the property and the repayment capacity of the applicant. Up to 80% of the market value of the property can be availed as loan.
3. Maximum Term: Subject to your retirement age, the maximum term for the loan is up to 20 years.
4. Age eligibility: As a salaried employee, the minimum age is 22 years and the maximum age at termination of loan is 70 years/ date of retirement, whichever is earlier. As a self-employed, the minimum age to apply is 24 years and the maximum age at termination of loan is 70 years.
5. Doorstep services are provided by staff that are dedicated and experienced.
6. Repayment options can be customized to your capacity
7. There are no hidden charges
8. Customers can get their loan approved even if they have not selected the property yet.
9. The processing is quick so that you get your loan at the earliest
10. Documentation is minimal for the loan approval
11. Funding is available for ready properties and those under construction.
12. The dual advantage of saving on rent and tax benefits make the home loans even more enticing. EMI outflow is contributed towards because of these. Additionally, there is appreciation in the property value.

Loan Against Property:

1. If you already own a property but are in need of funds for some personal needs such as education, marriage or even for the expansion of your business, you can easily get a loan against your property from DMI Housing Finance.
2. You can avail up to 60% of the market value of the property as loan. The amount you can avail as loan also depends on the repayment capacity of the customer.
3. The loan term can be up to 15 years, or until your age of retirement (whichever comes first).
4. Repayment options can be customized to your capacity and there are no hidden charges.
   

Documentation:

For salaried applicants:

1. Duly filled application form with photograph
2. Age proof/ Photo ID (Passport, Election ID card, Driving license, Aadhar card or PAN card).
3. Proof of residence:
   1. Passport, Election ID card, Driving license, Aadhar card or PAN card.
   2. Latest passbook / statement of accounts from any scheduled commercial bank that the applicant has an account with. This must be certified by the bank confirming the address.
   3. Utility bills (landline bill, electricity bill, mobile bill etc.) which is from the last three months
   4. Copy of valid license agreement and registered lease as well as utility bill in the name of the landlord which confirms the address.
   5. Residential Certificate confirming the address, which is issued by local self-government bodies/ Municipal Corporation
4. Proof of Income: (all the income documents mentioned below must be attested by the applicant/co-applicant)
   1. Last 4 months salary slips or latest month salary certificate (with statement of variable components of income for last 4 months).
   2. ITR/ Form 16 latest
5. Bank statement(s) from operating account (if cash salary) or from salary account (if cheque salary) and six months bank statement
6. Processing fees: Rs. 10,000 as cheque
7. Pre-disbursal documentation:
   1. Duly filled and stamped loan agreement
   2. Loan documentation set
   3. Agreement that has been signed by all applicants
   4. Property documents
   5. Technical Appraisal Report
      

For self employed applicants:

1. Duly filled application form with photograph
2. Age proof/ Photo ID (Passport, Election ID card, Driving license, Aadhar card or PAN card).
3. Proof of residence:
   1. Passport, Election ID card, Driving license, Aadhar card or PAN card.
   2. Latest passbook / statement of accounts from any scheduled commercial bank that the applicant has an account with. This must be certified by the bank confirming the address.
   3. Utility bills (landline bill, electricity bill, mobile bill etc.) which is from the last three months
   4. Copy of valid license agreement and registered lease as well as utility bill in the name of the landlord which confirms the address.
   5. Residential Certificate confirming the address, which is issued by local self-government bodies/ Municipal Corporation
4. Proof of existence of the company
   1. Form 32
   2. Partnership deed copy
   3. Articles of association (if applicable)
   4. Memorandum of association
   5. Copy of the membership certificate/ professional degree
5. Ownership pattern of business
6. Proof of office address
   1. Sales tax Registration certificate
   2. Utility bills (electricity bill/ telephone bill)
   3. Registered rent agreement with owner's ID proof
   4. Shop & Establishment Act certificate
7. Proof of income
   1. Both personal and business ITRs (three of the latest) and the computation of income.
   2. Id available, advance tax challans.
   3. Latest three years B/S (with schedules) and P&L accounts that has been duly certified by a CA
   4. Proof of income will show proof of continuity of the business (the business should have been functioning for at least three years).

HOUSING FINANCE SCHEMES

1. Shriram Housing Finance
2. LT Housing Finance
3. Repco Home Finance
4. Aadhar Housing Finance
5. Aditya Birla Housing Finance

1. HUDCO Home Loan
2. Magma Housing Finance
   
3. Reliance Home Finance
4. PNB Housing Finance

1. Aptus Value Housing Finance
2. Khush Housing Finance
3. IDFC First Bank
4. New Habitat Housing Finance
5. Kerala Housing Finance

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