The maximum term of your home loan can be up to 25 years and it cannot extend beyond your retirement age or 60* years (whichever is earlier).
*60 years for salaried individuals and 70 years for self-employed individuals.
You can get a loan up to 100% of the construction estimate subject to a maximum of 90% of its market value (whichever is lower) for the loan requirement up to Rs. 30 lakh*. Construction estimate to be certified by chartered engineer/architect and duly verified by the Technical Officer.
Your home loan amount depends on your annual income and ability to repay the loan. You can increase your home loan amount by adding an earning co-applicant.
*For loans above Rs. 30 Lakh, the loan to value applicable will be as per the DHFL norm and policy guidelines.
Your home loan interest rate starts from 8.75%* p.a. Know more about fees and charges (*T&C Apply)
You can pay your home loan EMIs through:
Your home loan makes you eligible for certain tax benefits* as per the prevailing laws. This means that you can save more money by claiming deductions in your income tax, against principal and interest amount repaid.
*As per the Income Tax Act 1961, the current applicable exemption under section 24(b) is Rs. 2,00,000/- for the interest amount paid in the financial year and up to Rs. 1,50,000/- (under section 80 C) for the principal amount repaid in the same year.
What is an EMI?
EMI (Equated Monthly Installment) is the amount payable to the lending institution every month, till the loan is completely paid off. EMI comprises of interest as well as principal component.
Who can be an applicant?
To qualify for a home loan with DHFL, you must be:
What are the interest rates offered for home loans? What are daily reducing, monthly reducing and yearly reducing balance?
IInterest rates vary according to the market conditions and are dynamic in nature. The interest on home loans in India is usually calculated either on monthly reducing or yearly reducing balance. In some cases, daily reducing basis is also adopted.
DHFL calculates EMI on monthly reducing basis and doesn’t give any yearly or daily reducing balance.
Are securities required for home loans?
The property to be purchased itself becomes the security and is mortgaged to the lending institution till the entire loan is repaid in full. In Home Improvement / Extension loan; the already possessed property which applicant proposes to renovate / extend will be generally the security and mortgaged.
What are the tax benefits of home loans?
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 Rs. 2,00,000/- for the interest amount paid in the financial year and up to Rs. 1,50,000/- (under section 80 C) for the principal amount repaid in the same year.
Click here to read more
Know More on Home Loans
Know More on Home Loans
*National Housing Bank (NHB) had introduced Know Your Customer (KYC) guidelines for housing finance companies. We request you to co-operate with us in complying with these guidelines.
*If variable components like over time and incentives are reflected, then salary slips for the past 6 months are required.
Note: Original documents are required for verification purpose only
Often regarded as one of the most fulfilling things to accomplish, building your dream home from scratch is a delightful thought for us all.
With your bought land beneath your feet, there’s nothing stopping you from seeing your dream project being complete, brick by brick. With DHFL Home Construction Loan, you can pave the way to ensure your home gets constructed just the way you want it to.
A home loan for self-construction can be easily availed, with flexible tenures and affordable EMI rates, you can truly build your dream home from the ground up. Apply for House Loan Online or speak to us in person at any of our branches around India.
Our sales representative will get back to you soon.
Feel free to give us a call on
Toll Free Number
Click to Pay
Click to Pay is your easy digital payment option for DHFL Home Loan Overdue Amount (EMI/ PEMI/ Charges) on ‘My DHFL’ Customer Portal.Click to Pay Now