DHFL

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 9.00% p.a. to 10.00% p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 3 years to 30 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 0.00% to 1.00% depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about DHFL

DHFL stands for Dewan Housing Finance Corporation Limited. It is established in 1984 by Late Shri Rajesh Kumar Wadhawan, an Indian Businessman. The Founder Chairman observed the truth which was sad truth that most Indians peoples couldn’t get a housing loan on fair terms. He thus set out on a mission to manage this social need. On April 11, 1984, DHFL was established to enable access to affordable housing finance.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Make your spouse as co applicant , her/his income will also be added in eligibility
Choose longer tenure of loan period maximum up to 30 years
Add more than one co applicant if required to enhance your eligibility
Close short term loans, this will also increase your eligibility

Rate of Interest and Other Charges for Home Loan are following

DHFL Home Loan Interest Rates:

For Salaried / SEP (Re-substitution charges)

Sno.

Loan Amount

Applicable Rate of Interest DHFL

1

Up to `25 Lacs

9.00%

2

Above `25 Lacs to `75 Lacs

9.00%

3

Above `75 Lacs to `100 Lacs

9.15%

4

Loans above `100 Lacs to `150 Lacs

9.15%

5

Loans above `150 Lacs to `300 Lacs

9.35%

6

Loans above ` 300 Lacs

9.75%

For Self Employed / SENP (Re-substitution charges)

Sno

Loan Amount

Applicable Rate of Interest DHFL

1

Up to `25 Lacs

9.10%

2

Above `25 Lacs to `75 Lacs

9.10%

3

Above `75 Lacs to `100 Lacs

9.25%

4

Loans above `100 Lacs to `150 Lacs

9.25%

5

Loans above `150 Lacs to `300 Lacs

9.45%

6

Loans above `300 Lacs

10.00%

DHFL ensures that you get the best services on your home loan, please find below the charges applicable on services associated with your home loan:

Sno.

Charges Description

Charges

 

 

 

1

Processing Fees (Non-Refundable)

Loan Amount

Minimum Login Fees

 

 

Salaried/Self Employed Professional (SEP)

Up to 30 lacs  5,000 + document charges + Service Tax

 

 

 

 

2,500 or processing fee applicable whichever is lower + Service Tax

Above 30 lacs up to 75 lacs 10,000 + document charges + Service Tax

Above 75 lacs : 20,000 +document charges + Service Tax

 

 

Self Employed Non Professional (SENP)

Net PAT: 0.5% + Service Tax

Others  : 1.5 % + Service Tax

2

CERSAI Registry / Modification Charges

50 + Service Tax for loans up to 5 lacs
100 + Service Tax for loans above 5 lacs

3

Technical Fees (for additional property or property situated outside geographic limit or for pre technical)

a. Within 60 km radius: No charges
b. Beyond 60 km 500 for first visit and 750 for subsequent visits

4

Valuation fee in Construction Linked Loan cases

First visit:  No charges.
Subsequent visits:  500

 

 

 

5

 

 

 

Part-Prepayment Charges

Rate of Interest -Type  

Disbursement Stage

Charges Applicable

 

Fixed / Variable 

Within 6 months from 1st disbursement

No prepayment allowed

After 6 months

Borrower/ co-borrower is Individual

No Charges

Borrower/ co-borrower is other than Individual

2% + Service Tax

5 (a)

Foreclosure Charges

Rate of Interest -Type  

Disbursement Stage

Charges Applicable

Fixed / Variable 

Within 6 Months from 1st Disbursement

No foreclosure allowed

After 6 months

Fixed / Variable 

Own Source

 

No Charges

Borrower/co-borrower is individual

Variable

Balance Transfer

Fixed/ Variable

Borrower/co-borrower is other than individual

 

2% + Service Tax

Balance Transfer

5 (b)

Prepayment Charges (Plot Loans/Easy Land Cum Construction Loans)

3% + Service Tax in case the dwelling unit is not constructed on the plot within 3 years from the date of first disbursement of the loan.
(Borrower/co-borrower is other than individual)

6

Cheque/ECS bounce charges

 250 + Service Tax

7

Bank Charges on Cheque/ECS Bounce

At actual

8

Overdue Charges on default installment (EMI/Pre-EMI)

18% Per annum on the outstanding dues.

9

Demand Draft/Pay Order issuance charges

150 per lacs or actual bank charges, whichever is higher + Service Tax.

10

Cheque/ECS swapping charges (per set)

250 per swap

11

Collection pickup charges

250 per visit + Service Tax

12

Conversion charges**

A 2500 + Service Tax for loan up to 75 lacs
b 5000 + Service Tax for loan above 75 lacs

 

 

Conversion scheme can be availed only after 1 year from the date of disbursement.

13

Legal Charges

Legal charges as applicable on case to case basis

14

Non-encumbrance certificate

At actual

15

Recovery charges

At actual

16

Stamp duty/ Franking charges

As per applicable law/charges of the relevant property state

17

Duplicate No Dues Certificate

` 250 + Service Tax

 18

Copy of property documents

500 + Service Tax

19

Statement of account/ provisional IT certificates

1st : No charges
Subsequent :  250 + Service Tax

20

Custodial Fee for property documents in closed loans

500 Per month (post 60 Days from Loan Closure Date) + Service Tax

21

Document retrieval charges on closure of loan

1,000 + Service Tax for loans up to `10 Lac,
2,000 + Service Tax for loans above `10 Lac

22

Foreclosure statement

` 500 + Service Tax

 

23

Cheque/ECS Bounce Charges

As per the applicable Bank Rate

24

Duplicate Certificate Charges

`100 + Service Tax

25

Duplicate Accounts Statement/Receipt

`100 + Service Tax

26

Contract Amendment Charges

`100 + Service Tax

Other Services

27

Loan Application Form

NIL

28

Duplicate Fixed Deposit Receipt

No charges for first time,
Second time onwards: `100 + Service Tax

29

Annual EHLD Payment Certificate

No charges for first time,
Second time onwards: `200 + Service Tax

No conversion is applicable for loans sanctioned under Land Loans, ELCC/ Composite Loan (Only those cases where construction is still not done) and Surrogate Products.

Existing Loan take over or New Loan

DHFl provides good offers to their customers. You can take loan  for buying new property and also to transfer their  outstanding home loan balance with other banks over to DHFL at low interest rate. The main features of this transfer scheme are:

  1. Loan amount: The maximum loan amount available to customers of DHFL Bank can extend up to 80% of the property’s market value, or 85% of the property’s worth.
  2. Purpose of Finance: Home loans from DHFL Bank can be availed to either construct a home / flat, or to purchase an already constructed home / flat.
  3. Rate of Interest: Home loans from DHFL Bank can be availed at the Retail Prime Lending Rate (RPLR). This rate changes at regular intervals of time depending upon a variety of factors and conditions that drive the money market.
  4. Processing Fees: The processing fee charged to a borrower at the time of availing a loan is basically the fee for processing your application.

Features of Loan

DHFL Home Loan comes with a number of attractive features and benefits such as:

  • Affordable rates of interest – DHFL offers customers attractive and affordable rates of interest, which make it convenient for the customer to make instalment payments towards their home loans.
  • Interest Rate Flexibility- Customers have the option to choose from either fixed rate of interest or floating rate of interest as per their convenience. Customers can make an informed decision based on interest rate trends and choose accordingly.
  • Balance Transfer- Customers also have the opportunity to transfer their home loan balances from other banks to DHFL Bank in a hassle free manner.
  • Flexible Repayment Options-Borrowers can repay the loan as affordable Equated Monthly Instalments (EMI). It is calculated based on the loan amount, tenure and interest rate.
  • Simple and Easy Processing- Applying for a home loan with DHFL is a quick and simple process.
  • Substantial Tenure Periods- Home loans from DHFL Bank can be availed for tenures ranging from one year to 30 years

Documents required for applying Home Loan with DHFL 

For verification purpose, you will need to provide the original documents.

Type of applicant

Documentation

 

 

Salaried Individuals

KYC Documents

Last two month’s salary slip / Salary Certificate. In case you happen to have gotten variables such as Over Time and Incentives, you must provide the salary slips for the past 6 months.

If salary is above Rs. 20000/- per month, you will need to give the latest Form – 16.

Last three months’ copy of all bank statements/ bank pass books. This includes the front page

If the organization is not very well know, you will need to provide the Company profile.

 

 

 

 

Self – Employed Businessmen

KYC Documents

Computation of income attested by a Chartered Accountant as well as copy of last 2 years Income Tax Returns of the applicant.

Copy of last 2 Years Profit & Loss Account and balance sheet of the organization which is attested by a Chartered Accountant

Short Business Profile on the Letter Head of the organization.

Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account

Copy of Shop & Establishment License / registration or old ITRs evidencing business / VAT Registration or any other mandatory license

Articles of Association (if applicable), Copy of the Partnership Deed, Memorandum of Associations,

Form – 16A / Copy of Tax Deduction Certificate (if applicable)

Contract details (if applicable)

Copy of Self-Assessment Tax paid challan / Advance Tax paid

 

 

 

 

 

Self-employed professionals

KYC Documents

Computation of income attested by a Chartered Accountant as well as copy of last 2 years Income Tax Returns of the applicant.

Copy of last 2 Years Profit & Loss Account and balance sheet of the organization which is attested by a Chartered Accountant

Short Business Profile on the Letter Head of the organization.

Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account

Copy of Shop & Establishment License / registration or old ITRs evidencing business / VAT Registration or any other mandatory license

Articles of Association (if applicable), Copy of the Partnership Deed, Memorandum of Associations,

Form – 16A / Copy of Tax Deduction Certificate (if applicable)

Contract details (if applicable)

Copy of Self-Assessment Tax paid challan / Advance Tax paid

Copy of Educational Qualification Certificate

Salary Certificate (in case of doctors having salaried income)

Copy of Professional Practice Certificate

 

 

 

 

 

 

 

 

Non resident Indians (NRIs)

 

 

 

 

 

 

KYC Documents

Last three month’s salary slip / Salary Certificate. In case you happen to have gotten variables such as Over Time and Incentives, you must provide the salary slips for the past 6 months.

Salary Certificate from the employer which mentions the name of the applicant as it appears in the passport, passport number, date of joining, latest salary, designation and perquisites. This must be mentioned in English.

Latest Income Tax Returns (if the applicant files IT returns in India).

If the applicant is a Self Employed Individual, he/she needs to provide documents which prove the business (such as Trade License, agreement with sponsor or Registered Power of Attorney etc.

Passport copy with valid residence visa page.

Property related documents and detailed cost estimates which has been drawn up by an Architect/ Engineer (from India).

Labor contract copy / Work Permit/ Photocopy of Identity card or any other proof of employment which was issued by concerned Government authorities.

Draft payable at the place where the application will be processed or processing fee cheque drawn on applicant’s bank in India

If applicable, copy of all overseas bank statements

If documentary evidence like frequent remittance of fund to India or bank statement for credit salary is not available, the income documents for salaried should be attested by the embassy official

Last 6 months’ copy of NRO/ NRE bank statement

If applicable, last 6 months’ copy of all overseas bank statements

Copy of Continuous Discharge Certificates

If applicant is not available in India, the Power of Attorney (POA) for signing of documents in DHFL’s format will have to be provided.

List of documents needed for KYC compliance:

  1. Photo Id Proof (any one)
  • Passport
  • PAN Card
  • Voters ID Card
  • Driving License
  1. Residence Proof (any one)
  • Telephone Bill
  • Letter from Employer
  • Electricity Bill
  • Ration Card
  • Bank Statement / Pass book with address