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Home > Jan Awas Home Loans

Jan Awas Home Loans

Home is one of the primary needs of every human being. It is in a home that new dreams are nurtured & families are raised.

At DHFL, our vision is to enable every Indian to own a home of their own. With the Government’s initiative under ‘Pradhan Mantri Awas Yojana’, DHFL introduces ‘Jan Awas Home Loans’ exclusively for Economically Weaker Section (EWS) and Low Income Group (LIG) customers under Credit Linked Subsidiary Scheme (CLSS). This Scheme is in-line with the Govt. Of India’s initiative “Housing for all by 2022” & aims to make the dream of owning a house for thousand a reality.


Features and Benefits of DHFL Jan Awas Home Loans

  1. Loan Amount: Avail a Home Loan of up to ` 25,00,000 (minimum loan amount ` 50,000).
  2. Tenure & Term: 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)
  3. Purpose: Credit Linked Subsidy will be available for housing loans availed for new construction and addition of rooms, kitchen, toilet etc., to existing dwelling as incremental housing. The beneficiary, at his/ her discretion, can build a house of a larger area but interest subvention would be of maximum amount up to ` 6 lakh only. On loan amount above ` 6 lacs no subsidy or interest subvention will be applicable.
  4. Interest Subsidy: The credit linked subsidy will be available only for loan amounts upto ` 6 Lakhs and such loans would be eligible for an interest subsidy at the rate of 6.5% p.a. (Approx. ` 2.2 Lakhs), for tenure of 15 years or during the tenure of loan whichever is lower, to the eligible customers under the scheme.*
  5. Processing Fees: Nil**
  6. Easy Repayments: You have 2 options for repayment of the loan based on the EMIs payable on your Home Loan.
    a. Through ECS (Electronic Clearing Service) based on standing instructions to your bank
    b. Post Dated Cheques (PDCs) drawn on your Savings/Salary account
  7. Home Loan Tax Benefits: Resident Indians are eligible for certain tax benefits on principal and interest components of a home loan. As per Income Tax Act 1961 rules, the current applicable exemption under section 24(b) is ` 2,00,000/- for the interest amount paid in the financial year and up to ` 1,50,000/- (under section 80 C) for the principal amount repaid in the same year
  8. Applicant and Co-Applicant: Home Loans can be applied by an individual. The loan amount can be further enhanced by including an earning co-applicant.

*Terms and conditions apply.
**Other charges as applicable will be required to be paid for availing the Loan

Eligibility for DHFL Jan Awas Home Loans

  1. First-time home buyers who will be the end users
  2. Female property ownership mandatory (Only in cases when there is no adult Female member in the family, the property can be in the name of male member of the household)
  3. Individual loan applicant should not own property under his or her name at present & along with any of the family members including dependants.
  4. Customer Category

Economically Weaker section

Low Income Group

Annual Family income upto ` 3.00 Lac

Annual Family income from ` 3.01 to ` 6.00 Lacs

Documentation Required For DHFL Jan Awas Home Loans

No.

Document Name

1.

KYC Documents & Photograph for all applicant

2.

For Salaried: Salary slip or Certificate & updated bank statement
For Self Employed: Income Tax Returns of last two years and bank statement.

3.

For identification as an EWS or LIG beneficiary under the scheme, an individual loan applicant will submit self-certificate/affidavit as proof of income.

4241

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