DHFL Home Loan

DHFL Home Loan Highlights
Interest Rate	11% p.a. onwards
Loan Amount	Up to Rs 2 crore
Loan Tenure	Up to 30 years
Loan to Value Ratio	Up to 90% of property value
Processing Fees	Up to 3% of the loan amount plus applicable taxes

Note: Rates as of 14th December 2022

Table of Contents Interest Rates Compare interest rates offered by other lenders Fees and Charges Eligibility Criteria Documents Required FAQ

DHFL Home Loan Interest Rates

The interest rates offered for Piramal Home Loans start from 11% p.a. While Piramal Finance has not disclosed the breakup of interest rates for its home loan applicants based on factors like their income, credit scores, EMI/NMI ratio, occupation profile, etc. while deciding the interest rates, most lenders finalise their home loan interest rates based on the criteria outlined above.

Compare Interest Rates on Housing Loans for Top Banks and /HFCs

Name of Lender	Up to Rs. 30 Lakh	Above Rs. 30 Lakh to Rs. 75 Lakh	Above Rs. 75 Lakh
SBI	8.75% - 9.50%	8.75% - 9.40%	8.75% - 9.40%
HDFC	8.65% - 10.35%	8.65% - 10.60%	8.65% - 10.70%
LIC Housing Finance	8.65% – 10.10%	8.65% – 10.30%	8.65% – 10.50%
ICICI Bank	8.75% - 9.85%	8.75% - 9.85%	8.75% - 9.85%
Kotak Mahindra Bank	8.65% onwards	8.65% onwards	8.65% onwards
PNB Housing Finance	8.75% - 14.50%	8.75% - 13.00%	8.85%-10.85%
Punjab National Bank	8.60% - 9.35%	8.55% - 9.25%	8.55% - 9.25%
Bank of Baroda	8.60%-10.35%	8.60%-10.35%	8.60%-10.60%
Union Bank of India	8.60% – 10.50%	8.60% – 10.70%	8.60% – 10.70%
IDFC First Bank	8.60% onwards	8.60% onwards	8.60% onwards
L&T Housing Finance	8.65%-8.75%	8.65%-8.75%	8.65%-8.75%
Bajaj Housing Finance	8.75% onwards	8.75% onwards	8.70% onwards
Godrej Housing Finance	8.64% onwards	8.64% onwards	8.64% onwards
Tata Capital	8.95% onwards	8.95% onwards	8.95% onwards
Federal Bank	8.60%-9.95%	8.60%-10.00%	8.60%-10.05%

Fees and Charges for DHFL Home Loan

DHFL Home Loan Processing fees

Particulars	Rates
Processing fees	Home loan processing fees: Up to 3% of the loan amount plus applicable taxes (payable before loan disbursement) Application/login processing fees (non-refundable): Rs 3,500 plus applicable taxes

DHFL Home Loan Prepayment / Foreclosure charges

Particulars	Rates
Part prepayment / Preclosure charges	Home Loan availed at floating interest rates: Nil Home Loan availed at fixed interest rates: 2% of principal amount plus applicable taxes. No prepayment charges shall be payable for partial or full payments made from own sources.

Other charges for availing DHFL Home Loans

Particulars	Rates
Loan repayment instrument dishonour charges	Rs. 500/- plus applicable taxes
CERSAI charges	Rs. 500 plus applicable taxes
Loan Pre-closure Statement	Rs. 1,000 plus applicable taxes
List of documents deposited with the lender	Rs. 1,000 plus applicable taxes
Loan repayment schedule (physical copy)	Rs. 500 plus applicable taxes
Changing loan repayment mode	Rs. 500 plus applicable taxes
Loan cancellation post handover of cheque	Interest accrued & due plus applicable taxes
NOC issuance charges or duplicate no due certificate	Rs. 500 plus applicable taxes
Statement of Account (physical copy)	Rs. 500 plus applicable taxes
Photocopy of documents	Rs. 1000 plus applicable taxes
Rate of interest conversion charges	0.50% of loan outstanding plus applicable taxes
Retrieval of original property documents	Rs 500 plus applicable taxes
Additional Charges	2% per month on outstanding amount if the borrower doesn’t comply with terms and conditions of the transaction documents (beginning from date of such non-compliance till the issue is resolved to the lender’s satisfaction) plus applicable taxes
Collection pickup charges	Rs. 250 per visit plus applicable taxes
Any legal cost/charges	At actuals plus applicable taxes
Non-encumbrance certificate	At actuals plus applicable taxes
Recovery related charges	At actuals plus applicable taxes
Stamp duty/franking charges	At actuals plus applicable taxes
Statutory charges	At actuals plus applicable taxes
Custodial charges	Rs. 500 plus applicable taxes (cases where the borrower does not collect title documents within 60 days of loan closure)

Eligibility Criteria for availing DHFL Home Loan

As DHFL has been merged with Piramal Finance, prospective borrowers applying for DHFL Home Loans will have to satisfy the home loan eligibility criteria of Piramal Home Loans, which are as follows:

For Salaried

• Age: 21 to 70 years
• Occupation profile: Individuals employed in govt. institutions, private/public sector, MNCs or related companies, partnership firms, proprietorship concerns, NGOs or related organisations can apply for Piramal Home Loans

For Self-employed

• Age: 23 to 70 years
• Occupation profile: Self-employed professionals (doctors, architects, etc.) and proprietors, business owners, partners in partnership firms, etc.

Documents required for DHFL Home Loan

Due to DHFL’s merger with Piramal Finance, loan applicants applying for DHFL Home Loans will have to submit the below mentioned home loan documents required for availing Piramal Home Loans:

• Mandatory document: PAN Card
• Proof of identity (Any one): Aadhaar Card, Voter’s ID Card, Driving Licence, Job card issued by NREGA, Letter issued by National Population Register (NPR) with photo/name, etc.
• Proof of address (any one): Aadhaar Card, Voter’s ID Card, Driving Licence, Job card issued by NREGA, Utility bills like telephone, electricity, Letter issued by National Population Register (NPR) with photo/name, etc.
• Proof of income (for salaried): Last 3 month payslips, Form 16, past 6 month bank statements and pay stubs, documentation of collateral property
• Proof of income (for self-employed): ITR of previous 2 years, CA audited financials when applicable, 6 months primary bank statement
• Property related documents: Stamped agreement of sale/sales deed or letter of allotment, NOC from housing society/builder, possession certificate, detailed estimation of construction costs, bank statement, occupancy certificate (for constructed apartments)

Co-applicant’s details

• Co-applicant is mandatory for DHFL home loans. Additionally, women co-applicant is mandatory in certain cases.
• The applicant’s spouse, parents, siblings, children or any other first blood relative who have attained the age of maturity can be the co-applicant
• Friends cannot be co-applicants except when they are coming in the capacity of partners, directors or shareholders)

Note: The Piramal home loan documents list mentioned above is indicative. The lender may ask for additional documents based on its requirements and the loan applicant’s profile.