About DHFL Home Loans

DHFL or Dewan Housing Finance Corporation Ltd is essentially a deposit-taking housing finance company having its presence in all major cities of India, and headquarters in Mumbai. It was established in the year 1984 to mainly provide affordable and easy housing finance to the people belonging to middle and lower income groups in the rural and semiurban India. DHFL employs close to 4000 people in a solid network of 359 offices across India.

DHFL offers easy-to-apply home loans at attractive interest rates to help people realise their home dream one day. You can avail DHFL home loan for expansion or renovation of an already existing home, construction of a new house, purchase of a plot of land or purchase of a new home. There is a DHFL home loan available for every type of home loan need. For instance, DHFL Plot Loans for purchase of a plot of land, DHFL New Home Loans for purchase of a new home and DHFL Home Construction Loans, DHFL Home Renovation Loans, DHFL Home Extension Loans, DHFL Plot & Construction Loans, DHFL NRI Home Loans and DHFL Home Loan Balance Transfers, accordingly. The NRI customers are serviced through DHFL offices located in UK and UAE.

Home Loan Eligibility Criteria for Salaried / Employed

DHFL home loan can be availed by anyone including salaried people, self-employed nonprofessionals and self-employed professionals as long as they can furnish relevant financial documents to prove regular income. You can avail a home loan of 80% of the property’s market value or 85% of its cost (including registration fees and stamp duty).

Salaried individuals are required to submit a salary certificate or salary slips of the last 2 months, income details on the letterhead of their company and the past 3 months’ bank statements of their salary account.

Self-employed professionals such as architects, doctors and CAs must provide income tax returns of the past 2 years along with income computation. They must also submit a copy of their P/L account of the past 2 years, TDS certificate or GST returns, apart from the last 6 months bank statement.

Self-employed nonprofessionals are also asked for the last 2 years income tax returns (with income computation), copy of the P/L account of the last 2 years, GST returns, TDS certificate and the last 6 months’ bank statement.

Below provided are more and up-to-date details related to DHFL home loan eligibility criteria such as the minimum/maximum age, minimum income, employment tenure etc.

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

6 – 10 yearsk

Overall Employment

6 – 10 years

Tenure Current Employment

750 Points

CIBIL Score (=>)

18 – 65 years

Age (Min – Max)

4k – 65k

Minimum Income (Metro Cities)

4k – 65k

Minimum Income (Other Cities)

4k – 65k

Minimum Income
(Doctors/ CA)

5 – 10 Years

Post Qualification experience a
(Doctors / CA)

5 – 10 Years

Post Qualification experience a
(CS / Architect)

750 Points

CIBIL Score (=>)

DHFL Home Loan Features / Details

Coming to the features of the DHFL home loan, you can avail it for a maximum time period of 30 years, as long as it doesn’t extend beyond the retirement age or 60/70 years (60 for salaried people and 70 for self-employed).

The following major factors are taken into account to decide the quantum of the home loan: repayment capacity, age, number of dependents, existing liabilities, income of the co-applicant/s, educational qualifications, income stability, number of dependents, savings, existing assets etc. The offered interest rate usually starts from 9% p.a. and might vary depending upon the market conditions and the applicant’s profile. Following are the exact updated details on the DHFL home loan features.

8.40%

Interest Rate (Min)

5 – 30 Years.

Loan Tenure

25k – 50Lacs

Loan Amount (Min – Max)

DHFL Home Loan Fees / Charges

DHFL home loans involve a processing fee ranging from ₹ 2500 to ₹ 20,000. There are no part prepayment and pre-closure charges in case of individual borrowers. Apart from these, there might be other charges like ECS/cheque bounce charges, legal charges, overdue charges etc. that might apply. You can find details on all these charges below.

2.4% of Loan Amount.

Processing Fees

2.4% – 5.2% of amount prepaid.

Pre-payment Charges

Yes / No

Part Payment Facility

2000

Part Payment Processing Fees