Loan against property

Loan against Property

Don’t let your valuable property sit idle. Let it work for you. Get a loan against the property you own through DHFL’s Loan against Property product and use it for any purpose you need: acquiring an asset, business needs, etc

Purpose:

Loan against the property owned which can be used for any purpose or need

DHFL Loan against Property Eligibility

  • For the salaried class, any Indian, of age 18 years* minimum and up to the maximum age of  retirement or 60 years, whichever is earlier
  • For the self employed category, the maximum age is 65 years.

DHFL Loan against property Amount:

  • For Self Occupied Residential Property: up to 60% of the market value.
  • For Self Occupied Commercial Property: up to 50% of the market value.
  • Minimum loan amount: ` 5 lac. Maximum loan amount: Up to ` 5 crores

The above is subject to change from time to time at the sole discretion of DHFL’s lending policies.

To calculate your eligibility please use our Eligibility Calculator.

Work out your EMI using our EMI Calculator.

Maximum Tenure of Loan:

The tenure of your loan ranges from 1 to 15 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 a tenure of 15 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

Put your residential or commercial property you own to good use. Let it generate valuable money to meet your varied needs. Fill in the Enquiry Form alongside . Our Representative will get in touch to help you through the entire loan process.