DHFL is a private sector housing finance company in India with it headquarters based in Mumbai, Maharashtra. DHFL is the second largest private sector Housing Finance Company (HFC) in India and works under the regulatory supervision of the National Housing Bank (NHB). The company was founded in 1984 with a vision to provide home loans to low and middle income individuals in semi-urban, rural areas.
DHFL acquired the housing finance wing of ING Vysya in 2003-04 to gain a further foothold in the housing finance sector. During 2012-13, DHFL has also taken a stake in Avanse Financial Services Ltd., a NBFC which focuses on providing Education Loans to students in India & abroad.
Over its 30 years of business, the company has established 278 offices in the country. DHFL has also tied up with various leading banks like Punjab & Sind Bank, United Bank of India, Central Bank of India and YES bank to provide home loans to their customers through a home loan syndication agreement. DHFL has developed specialized products and unique capabilities of credit capabilities to cater to the self employed and low income or mid income salaried individuals.
DHFL has been assigned a rating of 'CARE AAA' rating by CARE and 'AAA' by Brickworks for various secured long term debt instruments. It has also been assigned 'A1+' rating by CRISIL for short term debt. It has also won many awards and recognition namely 'Most Trusted Financial Brand in India' by Brand Trust. Therefore DHFL offers lucrative Interest rates for loans targeted at low or mid income salaried individuals.
19th Jan 17 DHFL expects 30 percent growth in home loan business in Telangana and Andhra Pradesh
DHFL, a leading housing finance company is expecting a 30 percent growth in its home loan disbursements in the state of Telangana and Andhra Pradesh during the current financial year. The company has disbursed home loans of Rs. 1700 crore during FY 2016 in these two states. The growth is expected to be driven by a steady demand for affordable houses.
17th Jan 17 DHFL net profit increases by 38 percent in third quarter of FY 17
DHFL has registered an increase of 38 percent in its net profit at Rs 244 crore for the third quarter ending on 31st December, 2016 as compared to Rs. 185 crore in the corresponding period a year ago. The growth in profit has been contributed by a healthy growth in loan sanctions and disbursements as well as improved revenue and interest margin.
05th Jan 17 DHFL cuts home loan rates by 0.5 percent
Dewan Housing Finance Corporation Ltd (DHFL) has reduced its home loan lending rates by 0.5 per cent for new home loan buyers. The new home loan rates are reduced to 8.60 percent as compared to 9.10 percent earlier. The revised rates are effective from 4th January, 2017.
13th Dec 16 DHFL ties up with IBM to transform its customers digital experience
Dewan Housing Finance Limited has hired IBM to introduce new technological solutions including cloud and analytics to create a digital enterprise. The new technology will enable DHFL in transforming its customer engagements, reducing turnaround time, improving efficiency and increasing productivity.
07th Oct 16 DHFL Cuts Home Loan Rates by 0.2 per cent
Dewan Housing Finance Corporation Ltd (DHFL) has reduced home loan lending rate by 0.2 per cent to 9.35 per cent for a loan up to Rs. 30 Lakhs under the festival offer. The revised rate would be effective for its new customers from October 11. This offer is categorized under affordable housing that would enable home ownership to the low and middle income group.
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