DHFL Home Loan

• Offers a variety of home loan schemes to cater to every individual’s home loan requirements
• Offers attractive home loan interest rates 9.75% onwards
• Has a longer loan tenure extending up to 30 years
• Offers various repayment options to customers for their convenience
• Offers home loan EMI calculator for customers to compute their loan EMIs beforehand so that they can plan their finances in advance
• Has tax benefits on both the principal amount and interest amount

The current DHFL home loan interest rate starts from 9.75%. The interest rate for other DHFL Home Loan Schemes are:

Note: Goods and Services Tax (GST) will be applicable on the above charges.

Knowing your home loan EMI before applying for home loan can help you:

• know whether you can afford the loan or not
• know how much amount you can borrow
• fix the loan tenure
• plan your finances accordingly

Know your home loan EMI in just a fraction of seconds with the help of Paisabazaar’s Home Loan EMI Calculator. The home loan calculator provides accurate results on the basis of the details provided by the user. The online tool is easy to use and provides quick results.

The eligibility criteria to apply for DHFL home loan is given as follows:

• The applicant must be an Indian resident or a Non-Resident Indian (NRI)
• The age of the applicant must be 21 years – 65 years of age
• Both salaried and self-employed (businessman or professional) can apply for DHFL home loans

Also Read: Home Loan Eligibility

Following documents are required for DHFL home loan approval;

1. KYC Documents: ID & Address Proof (Any One Required)
   • Aadhaar card
   • PAN card (Mandatory, if income is considered for loan eligibility calculation)
   • Valid Passport
   • Voter ID card
   • Driving License
   • Utility Bill: Electricity, Telephone, Post paid mobile, water bill etc.
   • Ration card
   • Letter from employer
   • Bank statement /copy of Pass book reflecting address
   • Valid Rent Agreement
   • Sale Deed
2. Income Documents
   • For Salaried Individuals
     • Salary slips for the last 2 months or salary certificate (*If variable components like over time and incentives are reflected, then salary slips for the past 6 months are required.)
     • Cash Salary – Income details on Company Letterhead
     • Copy of bank statements for the past 3 months (salary account)
   • For Self Employed Professionals
     • Certificate of qualification for professionals: CA, doctors or architects
     • Copy of last two years’ income tax returns, along with computation of income
     • Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable
     • VAT or Service Tax returns or TDS Certificate
     • Bank statement for the last 6 months (Savings account, current account and O/D account)
   • For Self Employed Non Professionals
     • Copy of your last two years’ income tax returns, along with computation of income
     • Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable
     • VAT or Service Tax returns or TDS Certificate
     • Bank statement for the last 6 months (Savings account, current account or an O/D account)
3. Property Documents
   • Allotment letter from builder
   • Agreement of Sale
   • Registration and stamp duty receipt
   • Index- ii
   • NOC from builder
   • Own Contribution Receipt (OCR)
   • All builder linked documents (Applicable for cases which are not approved or previously not funded by DHFL)
   • Development Agreement
   • Tripartite Agreement
   • Partnership Deed
   • Sale Deed
   • Title Search Report
   • NA order

Note: Original documents are required for verification purpose only.

DHFL offers New Home Loan scheme to purchase ready built-up or under construction house/flat or resale property.

DHLF Plot Loan can be availed to buy a piece of land on which the purchaser can build his/her home.

Home Construction Loan from DHLF helps customers to construct home on an already purchased plot.

Add additional space to your existing home with DHFL Home Extension Loans.

Whenever you feel the requirement of renovating your home and giving your home an all new look and feel, you can avail DHFL Renovation Loan for the money.

Avail plot and construction loan facility to buy a plot of land and build a home on it.

If you are an NRI and live abroad but want to own a home in India without any financial constraints, you can opt for a DHFL NRI Home Loan. DHFL provides NRI Home Loans at an attractive interest rate along with plenty of other benefits to match your financial requirements. The housing loan is available for NRIs from different countries like UAE, UK and USA. The housing loan can be taken for a range of needs, such as purchase of a home, renovation or expansion of your existing home or purchase of a plot of land to build a home.

The applicable DHFL NRI home loan interest rate, loan tenure and loan amount differs from one case to another and depends on various factors, such as applicant’s repayment capacity and property value.

Pradhan Mantri Awas Yojana – Credit Linked Subsidy (PMAY-CLSS) is a special initiative by Indian Government which aims to fulfil the dream of every first time buyer in India. Under PMAY, the Government of India offers affordable home loans for economically weaker sections, low income groups and middle income groups. For those who are buying home for the first time and don’t own a pucca residential house, can get benefit under this special scheme. For more details on the scheme, click here.

Customers can apply for DHFL Home Loan by visiting the nearest DHFL branch. An alternative way to apply for the loan is their website. Before applying for the home loan, make sure to check your credit score and home loan eligibility to avoid unnecessary loan rejection. You can also jointly apply to improve the loan eligibility.

Get your DHFL home loan-related queries resolved through:

• Toll-free Call: 1800 22 3435 (For New Customers)/ 1800 3000 1919 (For Existing Customers)
• Email: response@dhfl.com
• SMS: DHFL to 56677

How to reduce home loan interest rate in DHFL?

Following are the ways to reduce DHFL Home Loan interest rate:

• Increase EMI while keeping the tenure constant
• Pay off a part of your home loan
• Transfer outstanding loan to another lender offering lower rates

How to check DHFL home loan status?

To check your DHFL home loan status,

• Go to ‘Loan Tracker’ page
• Choose whether you want to search by ‘Application Number’ or ‘Lead ID’
• As per option selected, provide details
• Provide your Date of Birth
• Click on ‘Submit’ button to get the details

How much time does it take for home loan application approval?

For home loan application approval, it takes around 3-15 days, subject to proper documentation provided by the home loan applicant.