What does your dream home look like- A quaint little space in the lap of nature or a chic penthouse in the bustling center of the city? No matter how big or small your dream house is; as long as you can call it your own, it’s certainly one of the most prized possessions of your life. To help you own this dream home of yours, DHFL presents exciting home loan options at attractive interest rates.
DHFL aims to shorten the home-buying process while acting as a financial bridge that connects you and your dream home.
DHFL Home Loan starts with a simple and comprehensive application form followed by complete step-by-step assistance that leads you to your dream home. Let us talk about DHFL Home Loan in some detail.
With an objective to make home-buying easier, DHFL has kept its home loan process simple and understandable. Some key characteristics of DHFL Home Loan include-
• Home loan up to 85% of the property value; maximum loan amount Rs 5 Crore
• Loan tenure ranging between 1 to 30 years
• Interest rates based on DHFL Retail Prime Lending Rate (RPLR)
• Loan available for purchasing a built house or under-construction flat
• Easy repayment through post-dated cheques and Electronic Clearing Service (ECS)
• Avail tax benefits on both interest paid on home loan as well as principal repayment
• Joint home loan facility also available
In order to make the home loan process smooth for everyone, DHFL has specified simple eligibility criteria. One can avail DHFL home loan of up to Rs 5 Crores but not exceeding 85% of the property value or 80% of the property’s market value. Much like others lenders, DHFL also takes into account the following-
• Age
• Income and job stability
• Repayment capacity
• Assets and Liabilities
• Saving habits
• Educational Qualifications
DHFL Home Loan Documentation
While applying for DHFL Home Loan, one should be ready with the following documents-
• KYC Documents like PAN, Aadhar, etc.
• Latest Form–16, if salary is above `20000/- per month
• Copy of all bank pass books/bank statements for the past 3 months
• Salary slip for the last 2 months / Salary Certificate
• Company profile if it is a lesser known organization
Copies of these documents will be submitted but you must also keep the original ones ready for verification purpose.
DHFL Home Loan Interest Rate
The table given below shows
DHFL Home Loan Interest Rates for the salaried and self-employed borrowers-
Loan Amount ROI for Salaried ROI for Self-employed
Up to `25 Lacs 9.00% 9.10%
Above `25 Lacs to `75 Lacs 9.00% 9.10%
Above `75 Lacs to `100 Lacs 9.15% 9.25%
Loans above `100 Lacs to `150 Lacs 9.15% 9.25%
Loans above `150 Lacs to `300 Lacs 9.35% 9.45%
Loans above ` 300 Lacs 9.75% 10.00%
Apart from the normal interest on the home loan, one should also be aware of the charges like processing fee, part-payment and foreclosure charges, conversion charges, etc. Being aware of these extra charges will help you plan your budget more efficiently.
Buying your dream home with help of DHFL Home Loan is a wise decision as DHFL is a trusted player in this field. Several people have made their dream home real with DHFL. The best thing about this lender is that it keeps the process and documentation simple for the people so that borrowers whether belonging to the urban or rural area can find it helpful. The interest charged on the loan is also very reasonable and varies with changes in the economy which makes it even more affordable. A lower rate of interest makes EMIs less of a burden for the borrowers.
Make new memories in your dream abode with DHFL Home Loan.
