Interest Rate
DHFL calculates EMI on monthly reducing basis only.
Processing Fees
Loans from 30 lakhs to 75 lakhs - ₹10000 + Doc charges + Taxes
Loans above 75 lakhs - ₹20000 + Doc charges + Taxes
Max Tenure
25 Years, however it does not extend beyond retirement age or 60 years of age, whichever is earlier.(65 years of age for self employed)
Credit Score
Average (650+)
Average Credit History reflects irregularities in past payments that is bounced EMIs or Missed Card payments in the last 6 months
Customers with No Credit can also avail loan subject to other parameters being above satisfactory
Minimum Downpayment Required
Loan amount
<30 lakhs - 10% of the cost of the property
30 lakhs to 75 lakhs - 20% of the cost of property
> 75 lakhs - 25% of the cost of the property
Loan Approval Before Property Selection
Documents Required
Salaried/ SEP
Last 2 months' salary slips ( 6 months if variable components form part of salary)
Latest Form 16 if salary is less than ₹20000/month
Copy of bank statement for last 3 months
company profile if lesser known organisation
Self Employed
Last 2 ITRs with computation of income along with Balance Sheet and Profit & Loss Account duly attested by a Chartered Accountant
Business Profile
Bank Statement for last 6 months (SB & CA & OD)
Copy of any license/ registration or old ITRs evidencing business
Copy of Partnership Deed
MOA, AOA (if any)
Form 16A (if any)
Details of Contract (if any)
Challan of Advance tax paid/ Self assessment Tax paid
Property Insurance Mandatory
Typical Property Insurance Costs
0.50% of the property value
Pre-Payment Conditions
No prepayment within 6 months from 1st disbursement
2% + Service tax if the borrower is a company/partnership firm/properitorship (non-individuals)
Loan Closure Charges
Loan Closure Conditions
Loan can be closed anytime after 6 months of first disbursement
Rate change over Last 4 Years
Closure Process
In case of death of Loan Account holder:
Request letter from the Legal Heir/ Claimant/ Nominee(s) for handover of Property documents
DHFL provides loans to buy non-agricultural plots. Loans are available for upto 20 years capped to your retirement age.
DHFL also provides loans for a plot on which you wish to construct.
ILLUSTRATION FOR $30,00,000 HOME LOAN for 25 Years Subject to the profile and the loan amount
₹5,000 + Doc charges + Taxes
TOTAL EMI PAID ₹ 7,368,744 over 25 Years Subject to the profile and the loan amount