DHFL

Overview

1446622004_981.jpg

Over 30 years have passed since the Company’s inception and today DHFL stands strong as one of India’s largest housing finance companies (and the second largest in the private sector). Today, led by Mr. Kapil Wadhawan, the Company is still living the Founder’s Dream and enabling access to home ownership. It is profitably doing what its Founder intended it to do.

DHFL takes pride in its purpose-driven team of enthusiastic people who are willing to carry on the Founder’s vision and transform the housing sector in India by providing affordable housing finance.The Company has encouraged hundreds of thousands of people to make that upward journey by simplifying financial access and providing them with the privilege of home loan products, insurance services and unique fixed deposit schemes tailor made to suit their needs.

Based in India’s commercial capital Mumbai, DHFL strives continually to reach out to its customers through its extensive network of 359 offices spread across the length and breadth of the country, and international representative offices, in Dubai, UAE and London, UK. DHFL also has tie-ups with leading public and private sector banks namely Punjab & Sind Bank, United Bank of India, Central Bank of India and YES bank to provide home loans to customers through a home loan syndication agreement. DHFL has also set up representative offices in London and Dubai to serve the ever increasing NRI population in these regions.

DHFL has been assigned a rating ‘CARE AAA (Triple A)’ by CARE and ‘BWR AAA’ by Brickworks for various secured long term debt instruments.

If you can dream it, you can own it! Everything you need to know to avail of a home loan is right here. You can be assured of fair terms, total transparency and flexibility. We believe that when it comes to owning a home, nothing should come in the way.

Loan Against Property

Don't let your valuable property sit idle. Let it work for you. Get a loan against property you own, through DHFL's Loan against Property product and use it for any purpose you need: acquiring an asset, business needs, etc.

We offer two variants of Loan against Property

Loan Against Residential Property/ Plot Loan against Commercial Property/ Plot

 

Features and Benefits

Features and Benefits of DHFL Loan against Residential Property

Eligibility DHFL mortgage loans can be availed by Salaried, Self Employed Professionals and Self Employed Non-Professionals Purpose For meeting personal needs like, acquiring asset, education needs, marriage, personal travel, etc against the mortgage of residential property/ plot acceptable to us Min and Max Loan Size Avail loan from ` 15 Lacs up to ` 10 Crore Tenure Loan tenure of upto 15 years Balance Transfer your existing loans with an additional loan amount Maximum Loan Amount Door Step Service Realize your dreams faster Easy Documentation

Variants

Loan Against Existing Residential Property Loan Against Existing Residential Plot

Features and Benefits of DHFL Loan against Commercial Property

Eligibility DHFL mortgage loans can be availed by Salaried, Self Employed Professionals and Self Employed Non-Professionals Purpose For meeting personal or business needs like, acquiring asset, education needs, marriage, personal travel etc against the mortgage of their commercial property/ plot acceptable to us Min and Max Loan Size - Avail loan from ` 15 Lacs up to ` 10 crore Tenure - Loan tenure of upto 15 years Balance Transfer your existing loans with an additional loan amount Maximum Loan Amount Door Step Service Realize your dreams faster Easy Documentation
 

Eligibility Criteria

Eligibility Criteria based on

Property Value Repayment Capacity Assets Liabilities Age Legal & Technical Clearance of Property Title

The above criteria are subject to change from time to time at the sole discretion of DHFL.

Disclaimer: Please note that the interest rates and eligibility criteria given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated. Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates

Home Loan

If you can dream it, you can own it! Everything you need to know to avail of a home loan is right here. You can be assured of fair terms, total transparency and flexibility. We believe that when it comes to owning a home, nothing should come in the way.

 

Features and Benefits

Loan Amount: Avail a Home Loan of up to `500,00,000 (minimum loan amount`1 lac) but not exceeding 85% of the cost of property (including stamp duty and registration fees) or 80% of market value, whichever is lower Tenure & Term: The tenure of your Home Loan ranges from 1 to 30 years. The term however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self-employed individuals) Purpose: Avail of a home loan for ready built-up or under construction house/flat purchase Reduce your EMI: With tenure of 30 years, you can reduce the EMI amount on your Home Loan, so that your outgoings every month do not come in the way of your lifestyle and living standards Interest Rates: The Interest rate applicable is based on the DHFL's Retail Prime Lending Rate (RPLR) which fluctuates from time to time based on the money market conditions Easy Repayments: You have 2 options for repayment of the loan based on the EMIs payable on your Home Loan: 1. Through ECS (Electronic Clearing Service) based on standing instructions to your bank 2. Post Dated Cheques(PDCs) drawn on your Savings/Salary account Home Loan Tax Benefits: Get Maximum Tax benefit under Home Loan scheme. As per Indian IT Rules, the current applicable exemption u/s 24 is `1.5 lacs for the interest amount paid in a financial year and up to `1 lac for the Principal amount repaid in the same year. Thus up to`2.5 lacs is tax exempt, helping you save up to `70,000 tax annually. 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
 

Eligibility Criteria

You can avail a Home Loan of up to `500,00,000 (minimum loan amount `1 lac) but not exceeding 85% of the cost of property (including stamp duty and registration fees) or 80% of market value, whichever is lower. The loan amount can be further enhanced by including an earning co-applicant.

The actual Home Loan amount is determined taking into various account factors such as:

Repayment Capacity Age Educational qualifications Stability and continuity of income Number of dependents Co-applicant's income Assets Liabilities Saving habits, and more
 

Documents Required

For salaried individuals:

Sr. No. Document Name
1. KYC Documents
2. Salary slip for the last 2 months / Salary Certificate (If variable components like Over Time and Incentives are reflected then salary slips for the past 6 months are required)
3. Latest Form 16 if salary above `20000/- per month
4. Copy of all bank pass books / bank statements for the past 3 months including front page
5. Company profile if it is a lesser known organization

For salaried individuals:

Sr. No. Document Name
1. KYC Documents
2. Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant
3. Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant
4. Brief Business Profile on the Letter Head of the firm by the applicant
5. Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account
6. Copy of either Shop & Establishment License / VAT Registration or any other mandatory license / registration or old ITRs evidencing business
7. Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable)
8. Copy of Tax Deduction Certificate / Form 16A (if applicable)
9. Details of Contract (if applicable)
10. Copy of Advance Tax paid / Self-Assessment Tax paid challan

self Employed Professionals:

Sr. No. Document Name
1. KYC Documents
2. Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant
3. Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant
4. Brief Business Profile on the letter head of the firm by the applicant
5. Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account
6. Copy of either Shop & Establishment License / VAT Registration or any other mandatory license / registration
7. Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable)
8. Copy of Tax Deduction Certificate / Form 16A (if applicable)Copy of Tax Deduction Certificate / Form 16A (if applicable)
9. Details of Contract (if applicable)
10. Copy of Advance Tax paid / Self-Assessment Tax paid challan
11. Copy of Educational Qualification Certificate
11. Copy of Educational Qualification Certificate
12. Copy of Professional Practice Certificate
12. Copy of Professional Practice Certificate
13. Salary Certificate (in case of doctors having salaried income)