Deewan Housing Finance Limited (DHFL) provides you loan for the house purchase in India. And to borrow the loan, you need to have a regular source of income. Every salaried or self-employed person can apply for DHFL home loan. You can borrow a loan for a maximum of 25 years and choose the tenure as per your repayment capacity. For loans above INR 30 lakh, DHFL norms & policy guidelines will be applicable to it, read the article to know more about the DHFL home loans.
Attractive Interest Rate:- The housing finance company provides you the DHFL home loan at an affordable rate of 9.50% per annum onwards. And under the section 24b of Income Tax Act (ITA), you can claim a maximum deduction of INR 2 lakh on your annual payable tax amount. To pay the borrowed amount and the applied interest you can use ECS, NACH or PDCs payment methods. Using which you can’t miss your EMI and get the advantage of timely benefits in a good credit history.
Highest Loan Amount:- DHFL Home Loan finance up to 90% of your property value which is estimated based on the location, state, connectivity, etc. And if you aren’t able to borrow the desired loan amount for the purchase, then you can add a co-borrower which can also be the co-owner of the property. Based on the combined income and credit capacity DHFL will lend you money and charge the interest rate.
But, only one applicant can avail the tax benefits once the loan is approved and paid as per the schedule.
Documents & Charges:- You need to submit the KYC, income, and address proof to the housing finance company for the DHFL home loan approval to verify your details. Following are the proofs you need to submit with your loan application form.
- Aadhaar Card
- PAN Card
- Voter ID Card
- Driving Licence
- Salary Slip/Certificate
- ITR Report
- Bank Statement
- Form 16
The housing finance company required a few charges for the loan processing which are the processing fee, documentation charges, etc.
- Processing Fee: 0.50%-1.00% + GST of the borrowed amount
- CERSAI registry or Modification charges: INR 50 to INR 100 + GST
- Part payment fee: 2% of the loan amount
- Prepayment fee: 3% of the loan amount
- Foreclosure fee: 2% of the loan amount
- Valuation fee: INR 500 + GST
- Technical fee: INR 500-750 + GST
How to Apply?
You can apply for the DHFL home loan by visiting the Housing finance branch or its official website. The application procedure is simple and you just need to follow the below steps.
- Fill out the application form
- Submit the documents
- Pay the necessary fee and charges
- Wait for the approval
- And after the sanction pay the borrowed loan as per the schedule
Using the DHFL home loan, you can buy a property of your desire and pay for it in EMI. If you already paid the downpayment of the house then the interest rate would be low and as it increases your credibility. So, apply for a DHFL home loan and meet your financial expectation for home purchase without any hassle.