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New Home Loan
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New Home Loans

Our new home loan facility can be used to purchase ready built-up or under construction house/flat or resale property

  • Features

  • Calculator

  • Documents

Loan Term

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.

Loan Amount

You can get a home loan up to 90% of the cost of a chosen selected property for the loan requirement up to Rs. 30 Lakh*, depending upon the loan amount required.

Your home loan amount depends on your annual income and your ability to repay the loan. You can increase your home loan amount by adding an earning co-applicant.

Calculate your eligibility now

*For loan above Rs. 30 Lakh, the loan to value applicable will be as per DHFL norms & policy guidelines.

Interest Rate & Charges

Your home loan interest rate starts from 9.50%* p.a. Know more about fees and charges (*T&C Apply)

Modes of Repayment

You can pay your home loan EMIs through:

  • Electronic Clearing Service (ECS)/ National Automated Clearing House(NACH)- based on standing instructions, given to your bank
  • Post Dated Cheques (PDCs) - Drawn on your salary/savings account. (Only for locations where ECS/NACH facility is not available.)

Tax Benefits

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 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.

FAQs

  • 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. It comprises of the interest as well as the principal amount.

  • Who can be an applicant?

    To qualify for a home loan with DHFL, you must be:

    • An Indian resident or Non Resident Indian (NRI)
    • Above 21 years of age at the beginning of the loan
    • Below 65 years of age, when the loan matures
    • Either salaried or self-employed (businessman or professional)

  • What are the interest rates offered for home loans? What are daily reducing, monthly reducing and yearly reducing balance?

    Interest 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.

    • Annual Reducing: The principal amount, for which you pay interest, reduces at the end of the year. Thus, you continue to pay interest on a certain portion of the principal which you have actually paid back to the lender. The EMI for the monthly reducing system is effectively less than the annual reducing system.
    • Monthly Reducing: The principal amount, for which you pay interest, reduces every month as you pay your EMI.
    • Daily Reducing: The principal, for which you pay interest, reduces from the day you pay your EMI. The installments that you pay in the daily reducing system is less than the monthly reducing system

    DHFL calculates EMI on monthly reducing basis only.

  • 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. Sometimes additional security such as life insurance policies, FD receipts and share or savings certificates are required.

  • 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

  • Home Loan EMI Calculator

  • Home Loan Eligibility Calculator

Loan Amount
1 Lakh
5 Crore

I authorise DHFL and its representative to call me or SMS me with reference to this enquiry.

Loan Amount
1 Lakh
5 Crore
Calculate EMI
Hi ! Your Loan EMI will be

p.m.
Loan Amount
1 Lakh
5 Crore
Loan Tenure
1 Year
30 Years
Interest Rate
1%
15%
Enquire Now What’s Your Eligibility

Know More on Home Loans

Hi ! EMI you need to pay is

Loan Amount
Loan Tenure
Rate of Interest
RecalculateEnquire Now

Know more on Home Loans

Monthly Income
10,000
10 Lakh

I authorise DHFL and its representative to call me or SMS me with reference to this enquiry.

Hi ! Your Monthly Income is
10,000
10 Lakh
Hi ! Your Loan Eligibility will be

15,000

EMI 12,000p.m.
Monthly Income
10,000
10 Lakh
Loan Tenure
1 Year
30 Years
Interest Rate
1%
15%
Enquire Now

Know More on Home Loans

Hi ! You are eligible for loan amount of

25,000

EMI 12,000 p.m.
Monthly Income15,000
Loan Tenure 20 years
Rate of Interest 8.05 %
RecalculateEnquire Now

KYC Documents Documents for proof of identity and address

ID & Address proof (any one required)

  • PAN card (Mandatory, if income is considered for loan eligibility calculation)
  • Valid Passport
  • Voter ID card
  • Driving license
  • Aadhar Card

Residence Proof (Any One Required)

  • Utility Bill: Electricity, Telephone, Postpaid mobile, water bill etc.
  • Ration card
  • Letter from employer
  • Bank statement /copy of Pass book reflecting address
  • Valid Rent Agreement
  • Sale Deed

*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.

Income Documents Financial documents declaring your income.

Salaried individuals

  • Salary slips for the last 2 months or salary certificate*
  • Cash Salary – Income details on Company Letterhead
  • Copy of bank statements for the past 3 months (salary account)

*If variable components like over time and incentives are reflected, then salary slips for the past 6 months are required.

Self-employed professional

  • Certificate of qualification for professionals : CA, Doctors or Architects
  • Copy of last two years’ income tax returns, along with computation of income
  • Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable.
  • VAT or Service Tax returns or TDS Certificate
  • Bank statement for the last 6 months (Savings account, current account and O/D account)

Self-employed Non Professionals

  • Copy of your last two years’ income tax returns, along with computation of income
  • Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable
  • VAT or Service Tax returns or TDS Certificate
  • Bank statement for the last 6 months (Savings account, current account or an O/D account)

Property Documents Property related documents

  • Allotment letter from builder
  • Agreement of Sale
  • Registration and stamp duty receipt
  • Index- ii
  • NOC from builder
  • Own Contribution Receipt (OCR )
  • All builder linked documents (Applicable for cases which are not approved or previously not funded by DHFL)
  • Development Agreement
  • Tripartite Agreement
  • Partnership Deed
  • Sale Deed
  • Title Search Report
  • NA order

Note: Original documents are required for verification purpose only

Customer Stories

Achhelal Gupta - New Home Loans

Other banks refused to give me a home loan because I work in an informal sector, DHFL believed in my growth and supported me.

Chandru Kanna - New Home Loans

I am really impressed by DHFL’s service as they always try and serve you better.

Gurdeep Singh Giani - New Home Loans

I got a loan in the shortest time period and that too without any difficulty. I take pride in owning a home today.

Praveen - New Home Loans

Other banks offer a very high interest rate, while DHFL helped me to buy my dream home by providing me a low interest rate.

Bhikaji - New Home Loans

While other banks turned me away, because a rickshawala is not eligible for a home loan. DHFL trusted in my hard work and help me own a home.

Ramkrishna Raju - New Home Loans

I was very upset with the tedious processes of other banks for a home loan. DHFL sanctioned my loan without any hassles.

DHFL New Home Loans

 

A new home doesn’t just allow for personal growth, but it also creates a stable environment for a family to grow , and prosper together.

With DHFL’s New Home Loan, you can invest in a future which has no financial restrictions, allowing you to be free in the comfort of your own home.

Flexible tenures, attractive interest rates, and easy repayment options allow you to obtain financial freedom, and save money in the process..

Applying for a new house loan is a simple procedure, you can apply for home loan online or visit any of our branches to get things going.