DHFL Home Loan

DHFL Home Purchase Loan

DHFL Home Purchase Loan

DHFL Home Purchase Loan: DHFL (or Diwan Housing Finance Ltd) has been focusing on providing the funds for Indians to buy their dream home. In order to fulfill its dreams, the company has attempted to provide home purchase loan to middle and low-income groups in semi-urban and rural areas of India. DHFL provides home loan for the purpose of making a dream house a real home, and therefore it fulfills the individuals throughout the financial spectrum. With many choices of home loan to choose from and with a responsive support and support team, this company is constantly developing.

Building a home is the most crucial and time taking procedure. Therefore, DHFL provides a Home Purchase Loan. The best feature of this loan is that you do not have to wait for building your home, you can purchase your dream home and directly start to live in your home. Diwan Housing Finance Ltd helps you to achieve your dream of owning a home by providing home purchase loan that is fully transparent and flexible with fair terms.

Home Purchase Loan is the most common and popular type of loan availed for purchasing the home. It is different from the Home Construction Loan. In this type of home loan, you just need to choose for a housing loan, to purchase your dream home. Everyone wants a beautiful dream house, to fulfill the customer’s need DHFL provide the Home Purchase Loan so that people can purchase a house of their choice. The majority of Indians are self-employed. If you are self-employed, DHFL offer a variety of exclusive home loans for you so that you can fulfill your dream of owning a home. If you are looking for the loan to purchase a constructed house, so that you have immediately started to live in that home, then DHFL Home Purchase Loan may be a good choice for you.

Features and Benefits of DHFL Home Purchase Loan:

  • If an individual wants to purchase his house, Bangla, flat etc. So DHFL provides a home purchase loan for it.
  • You can also avail DHFL Home Purchase Loan for purchasing an under construction house or flat.
  • The minimum loan amount you can get is Rs. 1 lakh.
  • You can avail a DHFL Home Purchase Loan of up to Rs. 5 crores.
  • The tenure of your DHFL Home Purchase Loan up to 30 years.
  • With 30 years of loan tenure, you can reduce the amount of EMI on your home loan, so that your outgoings every month do not come in your lifestyle and living standard.
  • The process of documentation is very easy so that the customer receives full details at the time of inquiry.
  • In this DHFL Home Purchase Loan, easy repayment options are also available.
  • Resident Indians are eligible for certain tax benefits on principal and interest amount of a home loan.
  • Adding a co-applicant in your home loan can enable you to enhance your loan amount and gain access to additional funds.
  • The applicable interest rate is based on DHFL’s Retail Prime Lending Rate (RPLR), which periodically fluctuate on the basis of money market conditions.

Eligibility Criteria for DHFL Home Purchase Loan:

  • The minimum age of the applicant is 21 years.
  • Age of the applicant should not be more than 60 years at the time of loan maturity (65 years for self-employed).
  • The applicant should be an Indian Resident.
  • Get a Home Loan of up to Rs. 5 crores (minimum loan amount 1 lakh) but not exceeding 85% of the cost of property (including stamp duty and registration fees) or 80% of market value, whichever is lower.
  • The applicant must have a regular and steady source of income.
  • Repayment capacity of the applicant is also a considerable factor for loan eligibility.
  • The loan amount is based on various factors such as current income of the applicant, number of co-applicants, the applicant’s retirement age, etc.

Read More: Top 5 Blunders While Taking A Home Loan

Interest Rate of DHFL Home Purchase Loan:

1)      DHFL Home Loan Interest Rates for Salaried / Self Employed Professionals (SEP):

Loan Amount Applicable Rate of Interest
Up to Rs. 25 Lakhs 8.85%
Above Rs. 25 Lakhs up to 75 Lakhs 8.85%
Above Rs. 75 Lakhs to Rs. 1 crore 8.95%
Above Rs. 1 crore to Rs. 1 crore 50 Lakhs 8.95%
Above Rs. 1 crore 50 Lakhs to Rs. 3 crores 9.15%
Above Rs. 3 crores 9.50%

2)      DHFL Home Loan Interest Rates for Self Employed Non-Professionals (SENP):

Loan Amount Applicable Rate of Interest
Up to Rs. 25 Lakhs 8.95%
Above Rs. 25 Lakhs up to 75 Lakhs 8.95%
Above Rs. 75 Lakhs to Rs. 1 crore 9.15%
Above Rs. 1 crore to Rs. 1 crore 50 Lakhs 9.15%
Above Rs. 1 crore 50 Lakhs to Rs. 3 crores 9.25%
Above Rs. 3 crores 9.75%

Documents Required for DHFL Home Purchase Loan:

Purpose Documents for Salaried Documents for Self Employed Professionals Documents for Self Employed Non-Professionals
Identity Proof
  • Passport
  • Voter ID Card
  • Aadhar Card
  • Driving License
  • PAN Card
  • Passport
  • Voter ID Card
  • Aadhar Card
  • Driving License
  • PAN Card
  • Passport
  • Voter ID Card
  • Aadhar Card
  • Driving License
  • PAN Card
Address Proof
  • Recent copy of Telephone Bill
  • Electricity Bill
  • Water Bill
  • Piped Gas Bill
  • Driving License
  • Aadhar Card
  • Recent copy of Telephone Bill
  • Electricity Bill
  • Water Bill
  • Piped Gas Bill
  • Driving License
  • Aadhar Card
  • Recent copy of Telephone Bill
  • Electricity Bill
  • Water Bill
  • Piped Gas Bill
  • Driving License
  • Aadhar Card
Income Proof
  • Last 2 months Salary Slip or Salary Certificate
  • Latest copy of Form 16 if the salary is above Rs. 20,000/- per month
  • Income Tax returns for last 2 years
  • Balance Sheet & Profit & Loss A/c for last 2 years
  • TDS Certificate (Form 16A, if applicable)

 

  • Income Tax returns for last 2 years
  • Balance Sheet & Profit & Loss A/c for last 2 years
  • TDS Certificate (Form 16A, if applicable)

 

Account Statements
  • Bank A/c. Statement for last 3 months including front page
  • Bank A/c. Statement for last 6 months

 

  • Bank A/c. Statement for last 6 months

 

Organization/Business Proof
  • Company profile, if your company or organization is not very well known.
  • Brief Business Profile on the letterhead of the organization by the applicant
  • Copy of Professional Practice Certificate
  • Copy of Shop & Establishment License/ VAT Registration or any other mandatory license
  • Copy of the Partnership Deed, Memorandum of Associations
  • Certificate of qualification (for C.A./ Doctor and other professionals)
  • Brief Business Profile on the Letter Head of the organization
  • Copy of Business Establishment License / VAT Registration or any other mandatory license
  • Copy of the Partnership Deed, Memorandum of Associations
  • Contract details (if applicable)

DHFL Home Purchase Loan Processing Fee and Charges:

A.  Processing Fees (Non-Refundable):

Loan Amount Applicable Charges
Up to Rs. 30 Lakhs Rs. 5,000 + document charges + Applicable GST
Above Rs. 30 Lakhs and up to Rs. 75 Lakhs Rs. 10,000 + document charges + Applicable GST
Above Rs. 75 Lakhs  Rs. 20,000 + document charges + Applicable GST

B.  CERSAI Registry / Modification Charges:

Loan Amount Applicable Charges
Up to Rs. 5 Lakhs Rs. 50 + Applicable GST
Above Rs. 5 Lakhs Rs. 100 + Applicable GST

C.  Technical Fee (for property situated outside geographic limit or for additional property or for pre-technical):

Geographic Limit Applicable Charges
Within 60 km radius No charges
Beyond 60 km (first visit) Rs. 500 + Applicable GST
Beyond 60 km (subsequent visits) Rs. 750 + Applicable GST

D.  Valuation fee for Construction Linked Loan cases:

Visits Applicable Charges
First visit No charges
Rest of the visits Rs. 500 per visit

E.  Conversion Charges:

Loan Amount Applicable Charges
Up to 75 Lakhs Rs. 2500 + Applicable GST
Above 75 Lakhs Rs. 5000 + Applicable GST

F.  Document retrieval charges on the closure of loan:

Loan Amount Applicable Charges
Up to Rs. 10 Lakhs Rs. 1,000 + Applicable GST
Above Rs. 10 Lakhs Rs. 2,000 + Applicable GST

G.  Overdue Charges on default instalment: On the outstanding dues, 18% p.a.

H.  ECS/ Cheque Bounce Charges: Rs 500 and Applicable GST.

I.   Pay Order/ Demand Draft issuance Charges: Actual Bank Charges or Rs. 150 per lakh, whichever is higher + Applicable GST.

J.  ECS/ Cheque Swapping Charges (per set): 250 per swap.

K.  Legal Charges: Legal charges will be charged on a case by case basis.

L.  Duplicate No Dues Certificate: 250 + Applicable GST.

M.  Copy of Property Papers: 500 + Applicable GST.

N.  Foreclosure statement:  500 + Applicable GST.

O.  Custodial Fee for keeping Property Documents in Closed Loans: 500 per month (post 60 days from loan closure date) + Service Tax.

P.  Duplicate Annual Account Statement, Provisional Certificate: 250 + Applicable GST.

Q.  Loan closure (fully)/ prepayment statement charges: 500 + GST.

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1 Comment

  • Hi…. I am Imtisanen and I am serving in Defence. I am a insure member of DHFL GoldRakshak and I am onto a dream home I think your company can help me purchase it.

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