• DHFL Mortgage Loan

    People in India love to have a sense of financial security and they work very hard to buy a property in India as they believe that it will secure them against all the financial difficulties that they might face in the future. Most people mortgage their property to avail funds so that they are not compromising on their quality of life. DHFL was formed so that the individuals could afford a home and hence the founder Late Shri Rajesh Kumar Wadhawan established DHFL. DHFL enables access for people to afford housing finance to the middle and lower income group people residing in semi-urban and rural parts of India. One of their product is mortgage loan, this loan is provided to meet the financial needs of property owners.

    Purpose of DHFL Mortgage Loan

    The purpose of DHFL loan against Property (Mortgage Loan) can be used for any purpose you need; to acquire a new asset or to meet your business needs, education needs, marriage, personal travel, etc.

    Loan against Property is offered in two variants:

    Loan against residential property.

    Loan against commercial property.

    Eligibility Criteria for DHFL Mortgage Loan

    Individuals who wish to obtain a DHFL Mortgage Loan need to satisfy the following criteria:

    • Salaried
    • Self-employed professionals
    • Self-employed non professional
    The eligibility criteria is based on:
    • Property value
    • Borrower’s repayment capacity
    • Assets
    • Liabilities
    • Age
    • Legal and technical clearance of the property

    Note: The criteria is subject to change at the sole discretion of DHFL.

    Documents Required for DHFL Mortgage Loan

    A borrower is required to furnish the following documents before availing a loan:

    • Filled in loan application form.
    • ITR statement.
    • Title deeds of the property, latest receipt of tax paid.
    • Approved plan of the building.
    • Other documents as expressed by DHFL has to be submitted.

    Features and Benefits of DHFL Mortgage Loan

    Some of the salient features and benefits of DHFL loan against property are:

    • The loan is easy to avail and requires minimum documentation.
    • Loan amount offered is minimum of Rs.15 lakhs and maximum of Rs.10 crores.
    • The loan tenure is up to 15 years.
    • Balance transfer of existing loan with an additional loan amount is allowed.
    • Now your idle property can generate additional income to you.
    • Competitive interest rate is offered by DHFL Bank.
    • The loan is offered against residential property or plot and against commercial property or plot.

    DHFL Mortgage Loan Interest Rate

    The interest rate charged by DHFL on their loan against property is extremely competitive. They ensure that repaying the loan doesn’t become an additional financial burden on the borrower. The interest rate offered is 13.75% per annum.

    Note - Interest rates charged by DHFL are at their sole discretion and are subject to change without prior intimation.

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