DHFL Home Loan Interest Rate

DHFL provides prospective home purchasers with affordable housing loan programs starting at the DHFL home loan interest rate today - 10.50% p.a. over extended loan tenures of up to 25 years.

On loans up to Rs.30 lakh, you can get up to 90% of the property's worth. The processing charge is 0.5% of the loan amount (+GST) for salaried and self-employed professionals and 1.0% of the loan amount (+GST) for others. The EMIs for DHFL house loans are computed on a diminishing monthly balance. Piramal Capital and Housing Finance Limited have replaced DHFL.

Characteristics of the DHFL home loans

Mentioned below are the varied advantages of DHFL home loans.

  • For home loans up to Rs. 30 lakh - you can get up to 90%-100% financing. Following that, the loan amount you are eligible for is determined by the loan-to-value ratio and the property's market value.
  • You can get a new home loan, cash to build a house, buy land, do home renovations, and more.
  • The loan term extends from one year to twenty-five years. However, for salaried individuals, the maximum age eligibility till loan maturity is 60-65 years of age, and for self-employed individuals, the maximum age eligibility is 70 years of age.
  • There is no reimbursement for the processing cost. In the case of salaried and self-employed professionals, the lowest charge is Rs. 2,500 or 0.5% of the loan amount, whichever is lesser.
  • In the case of self-employed non-professionals, the processing charge is 1.5% of the loan amount. GST will be charged.
  • The loan amount, including the registration cost and stamp duty, shall not exceed 85% of the property's worth or 80% of its market value, whichever is less.
  • The interest rate begins at 8.75% and changes according to market conditions.

DHFL Home Loan Interest Rate 2022

 

DHFL Housing Loan Interest Rate

8.75%

DHFL Home Loan Interest Rates (Plot Loan)

10.25%

DHFL Home Loan Interest (Construction Loan)

8.75%

DHFL Home Extension Loan

8.75%

DHFL Home Renovation Loan

8.75%

DHFL Plot & Construction Loan

8.75%

 

Who is Eligible for the DHFL Home Loan?

The following are the eligibility requirements for applying for a DHFL home loan:

  • The applicant must be a resident Indian or a non-resident Indian (NRI).
  • The applicant must be between the ages of 21 and 65.
  • DHFL house loans are available to both salaried and self-employed individuals (business owners or professionals).

Other Charges of the DHFL Home Loan

DHFL charges applicants with a processing fee during the application process and that is-

  • For salaried or self-employed professionals - 0.5%
  • For self employed non-professionals - 0.5% to 1%

What Documents are Needed While Applying for this Home Loan?

For DHFL house loan approval, the following documents are required:

1) KYC Documents such as Aadhaar, PAN, Ration, Voter ID, Sale deed, License and more.

2) Income documents such as salary slips, income statements, bank statements and more.

3) Property Documents such as an allotment letter, sale agreement, and more.

How to Apply for a Home Loan from DHFL?

The process to apply is simple and user-friendly, and there are two ways to do it:

  • Through a branch: You can visit a DHFL branch, and with the help of a representative, you can apply for a home loan.

  • Through the portal or app: You can also apply for a home loan online either through the official portal or the application.

Types of Home Loans from DHFL

Following are the different types of Home Loans from DHFL-

1) DHFL Home Loan

DHFL provides a New Home Loan plan for the purchase of a ready-built, under construction, or resale house/flat.

2) DHFL Home Construction Loan

The DHFL Home Construction Loan enables consumers to build homes on already purchased plots.

3) DHFL Plot Loan

A DHFL Plot Loan can be used to purchase a plot of land on which to build a home.

4) DHFL Home Extension Loan

With DHFL House Extension Loans, you can add more space to your existing home.

5) DHFL Home Renovation Loan

You can apply for a DHFL Renovation Loan whenever you feel the need to renovate your property and give it a fresh look and feel.

6) DHFL NRI Loan

If you are an NRI living in another country but wish to own a home in India, you can apply for a DHFL NRI Home Loan. DHFL offers NRI Home Loans at an attractive interest rate, as well as a variety of other incentives to meet your financial needs. NRIs from various countries, including the UAE, the United Kingdom, and the United States, can apply for a housing loan.

The housing loan can be used for a variety of purposes, including the purchase of a home, the refurbishment or enlargement of an existing home, or the purchase of a plot of land on which to build a home. The relevant DHFL NRI house loan interest rate, loan tenure, and loan amount vary from case to case and are determined by a variety of factors, including the applicant's repayment capacity and property value.

7) DHFL Plot & Construction Loan

Take advantage of the plot and construction loan program to purchase a plot of land and build a home on it.

8) Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme

The Pradhan Mantri Awas Yojana or (Credit Linked Subsidy) is a special program of the Indian government that aims to satisfy every first-time buyer's ambition in India. The Government of India provides cheap house loans under PMAY to economically weaker parts, low-income groups, and middle-income groups. Those who are buying their first home and do not own a pucca residential dwelling can benefit from this special scheme; for additional information on the plan.

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