If you can dream it, you can own it! Your dream home can become a reality with a home loan from us. Everything you need to know to avail of a home loan is right here. You can be assured of fair terms, total transparency and flexibility. Because we believe that when it comes to owning a home, nothing should come in the way.
Purpose
You can avail of a home loan for ready built-up or under construction house/flat purchase
Amount of Loan (Includes Stamp duty and Registration fees)
You can avail a home loan of up to ` 500,00,000 (minimum loan amount ` 1 lac) but not exceeding 85% of the cost of property (including stamp duty and registration fees) or 80% of market value, whichever is lower. The loan amount can be further enhanced by including an earning co-applicant.
The actual loan amount is determined taking into various account factors such as:
- Repayment capacity
- Age
- Educational qualifications
- Stability and continuity of income
- Number of dependents
- Co-applicant’s income
- Assets
- Liabilities
- Saving habits, and more
To calculate your eligibility please use our Eligibility Calculator.
Work out your EMI using our EMI Calculator.
Maximum Tenure of Loan: Up to 20 years
The tenure of your Home Loan ranges from 1 to 20 years. The term however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self employed individuals).
DHFL understands the value of your hard earned money. With tenure of 20 years, you can reduce the EMI amount, so that your outgoings every month do not come in the way of your lifestyle and living standards.
Interest Rate:
DHFL offers one of the most competitive rates in the market. The Interest rate applicable is based on the DHFL’s Retail Prime Lending Rate (RPLR) which fluctuates from time to time based on the money market conditions.
Processing Fees:
This is charged as the fee towards processing your home loan application. In case of salaried individuals (SAL) it is 1% of the loan amount, whereas for Self – employed Professionals / Non Professionals (SEP / SENP) it is charged at 1.5% of the loan amount, plus Service Tax and Cess as applicable.
Easy Repayments:
You have 2 options for repayment of the loan based on the EMIs payable:
a) Through ECS (Electronic Clearing Service) based on standing instructions to your bank
b) PDCs (Post Dated Cheques) drawn on your Savings/Salary account
Easy Documentation:
For processing your home loan application, we’re required to adhere to certain documentation procedures. To enable us to speedily process your home loan application, we will require the following:
- KYC (Know Your Customer) documents
- Proof of Income documents and bank statements as per log-in checklist
- Property related documents
Stamp Duty:Stamp duty on the loan documents to be executed shall be paid by the Applicant.
Tax Benefits:
As per Indian IT Rules, the current applicable exemption u/s 24 is ` 1.5 lacs for the interest amount paid in a financial year and up to ` 1 lac for the Principal amount repaid in the same year. Thus up to ` 2.5 lacs is tax exempt, helping you save up to ` 70,000 tax annually.
Fill in the Enquiry Form alongside, our Representative will get in touch with you to help you through the entire home loan process. Your dream home is within reach. Get ready to move in!
