CreditMantri Finserve Private Limited
4th Floor Sudhama, 36 Vijayaraghava Road,T Nagar, Chennai, Tamil Nadu 600017
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DHFL offers easy repayment options with simple documentation processes. Provides fluctuating interest rates. Tax benefits are available. Long tenures of up to 30 years is provided. Easy home loan balance transfer. Apply now through CreditMantri!
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DHFL was established in 1984 to enable access to affordable housing finance to the lower and middle-income groups in semi-urban and rural parts of India.
DHFL was the second housing finance Company to be established in the country. Today DHFL has an extensive network of 348 offices spread across the country providing excellent service to their customers.
Home Loan is offered to individuals who wish to construct or buy a house. The property bought or about to be constructed is mortgaged as collateral until the repayment of the loan is completed with full interest. The repayment of the loan generally depends on the capacity of the borrower. Normally, the home loan tenure ranges between 5 to 30 years. The borrower can opt either for floating type of interest or fixed interest rate. Home loan provides tax benefits to the borrowers.
DHFL offers a wide range of services in the home loan segment. It is the most preferred bank by all kinds of people for any financial service. Packed with exclusive benefits, DHFL Home Loans are tailor made catering to the needs of various customers.
Objective: DHFL home loan aims to help millions of people achieve their dream of owning a house.
Loan Amount: The loan amount is also determined by the repaying capacity and credit profile.
Rate of Interest: Starts from 8.35% onwards
Processing fee: Up to INR 20,000, however, it depends on the loan amount
Tenure: The maximum repayment tenure is up to 30 years.
Easy Balance Transfer: With this facility, you can transfer your existing home loan with other bank to DHFL for a lower interest rate.
Prepayment: No charges are levied on partial prepayment or foreclosure of the home loan.
Insurance Policy: An insurance cover to protect your family against repayment of home loan in the event of unfortunate situations.
Objective: DHFL home loan aims to help people to construct a new house.
Loan Amount: You can get up to 100% of the construction estimate.
Important documents to be submitted while applying for home loans with DHFL
For guarantor (wherever applicable):
Your DHFL home loan can be repaid in following three ways.
Standing Instruction (SI):
If you are an existing account holder with DHFL, Standing Instruction is the best mode of repayment. Your EMI amount will be debited automatically at the end of the monthly cycle from the DHFL account you specify.
Electronic Clearing Service (ECS):
This mode can be used if you have a non-DHFL account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account.
Post-Dated Cheques (PDCs):
You can submit post-dated EMI cheques from a non-DHFL account at your nearest DHFL Loan Centre. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only.
It is recommended that you opt for either the SI or ECS mode of payment for faster and less prone to error than the use of PDCs.
You can either apply online or visit a nearby DHFL branch for the application. You can also download the home loan application form from the DHFL official website, complete the form and submit it the bank representative.
You can also check your eligibility for a home loan through CreditMantri and apply for it.
With attractive interest rates and low processing fees, DHFL caters to the needs of various sections of people. Floating and fixed type of interest rate are available according to the preference of the customers. The borrowers can prepay the DHFL home loan without any penalty. DHFL home loan is the best option to buy or construct your dream house.
1. Is there penalty for prepaying the DHFL Home Loan?
No penalty is levied for prepaying the DHFL Home Loan.
2. Can I top up my existing Home Loan?
Yes, you can get additional funding on your existing home loan.
3. What is the maximum loan repayment period for DHFL home loans?
The maximum repayment is determined based on your repaying ability, credit profile and loan amount.
4. How Can I apply for DHFL home loan?
You can either apply online or visit a nearest DHFL branch and take the help of the bank’s representative.
5. What is the maximum loan amount provided by DHFL?
The maximum loan amount depends on the market value of the property.
6. Does DHFL facilitate balance home loan transfer?
Yes, you can transfer your existing home loan to DHFL.
7. Can I get tax benefits from DHFL Home Loan?
As per Section 80C read with section 80CCE of the Income Tax Act, 1961 the principal repayment up to INR 150,000 on your home loan will be allowed as a deduction from the gross total income subject to fulfilment of prescribed conditions.
"Excellent service, and good job handling customers.
Creditmantri is a website where you can easily compare loan offers. Customer support is excellent and they resolved all my queries satisfactorily.
They are kind of a bridge between the customers and the banks. Once I signed up with my requirements, I received a call from the customer service executive, and they got me connected with DHFL for a home loan. I got good support throughout the process from CreditMantri team. Helping the customer to make their financial decision is really good initiative by CreditMantri and I am sure that it will be useful for the current generation of India.''
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