DHFL Home Loan Eligibility Calculator India Mar 2017

DHFL Home Loan Eligibility Criteria

Last Updated 28th Mar 2017
Eligibility Conditions SalariedSelf Employed
Age 21 to 60 years 21 to 65 years
Maximum Loan Amount Rs. 50,000,000 Rs. 50,000,000
Maximum LTV 80% 80%
Minimum Work Experience 2 Years 5 Years
Rate of Interest - linked to PLR 9.55% 9.55%
EMI Per Lakh Rs. 845 Rs. 845
Home Loan Eligibility Calculator
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DHFL home loan eligibility based on age

  • Age: Your age plays an important role in determining your eligibility and repayment capacity for home loan. Lower your age, higher will be the time period available to repay the loan, and hence higher home loan amount eligibility. To be eligible for DHFL home loan, you must be at least 21 years of age at the time of loan commencement. DHFL offers home loans for a maximum period of 30 subject to the condition that the borrower’s age at the end of the tenure must not exceed 30 years for salaried borrowers and 30 years for self employed borrowers. The maximum tenure of loan that you may be eligible for will be as follows:
  • Your current age Max tenure for salaried Max tenure for self employed
    25 years 30 years 30 years
    30 years 30 years 30 years
    35 years 25 years 30 years
    40 years 20 years 25 years
    45 years 15 years 20 years
    50 years 10 years 15 years

    DHFL home loan eligibility based on income

  • Net Income: Your net monthly income (take home salary after all deductions like PF, ESI, gratuity) determines your home loan servicing capacity. It determines how much home loan EMI you are capable of paying after meeting living expenses based on your standard of living. For instance, if your net monthly income is Rs 70,000 and the value of house you are buying is Rs. 50 lakh, then at 9.55 % interest rate offered by DHFL, the maximum loan amount that you will be eligible for (assuming you have no other EMI’s to pay) would be as follows:
  • Age Net Monthly Income (Rs.)
    50,000 75,000 100,000
    25 years 4,226,743 6,340,115 8,453,487
    30 years 4,226,743 6,340,115 8,453,487
    35 years 4,036,129 6,054,193 8,072,257
    40 years 3,745,002 5,617,503 7,490,005
    45 years 3,300,365 4,950,548 6,600,730
    50 years 2,621,270 3,931,905 5,242,541
    You may consider repaying any loans with short tenure and high EMI in order to increase your home loan eligibility.
  • Nature of Employment: DHFL will check whether you are salaried or self employed an the company and sector in which you are working. It also looks at your years of experience to check for job and income stability. DHFL requires minimum income history and job stability of more than 2 years for salaried individuals and of 5 years for self employed individuals.
  • DHFL home loan eligibility based on value of property

  • Value of property: DHFL will not finance the entire property value. The maximum home loan eligibility would depend upon the value of the property as shown below:
  • Property Value LTV
    Less than 30 lakh 90%
    Between 30 lakh and 75 lakh 80%
    Above 75 lakh 75%
  • Co-applicant: Adding a co-applicant increases your eligibility for home loan as it increases your repayment capacity. The co-borrower you add should have good income, low obligation and clean CIBIL record.
  • CIBIL Score: When checking eligibility for home loan, DHFL will look at the complete CIBIL report. DHFL will check your repayment history for all current and past loans and credit cards.
  • Property documents: Your property’s legal documents should be satisfactory and be cleared by the bank’s legal team.
DHFL Home Loan Eligibility Calculator News - Mar 2017
10th Mar 17 DHFL eyes 35 percent growth in its education loan book at Rs. 12,000 crore
Avanse Education Loans, education loan arm of housing finance company DHFL expects to witness a significant growth of 35 percent in its education loan business in FY18. The NBFC targeting a portfolio of Rs. 12,000 crore of education loans FY18 that stands at Rs.900 crore in FY17.
10th Mar 17 DHFL raises funds of Rs. 1,500 crore via debentures
Deewan Housing Finance Limited has raised funds worth Rs. 1,500 crore by issuing non-convertible debentures to LIC. The debentures with a maturity period of 10 years will carry a coupon rate of 8 percent.
21st Jan 17 DHFL expects a growth of 25 percent in home loan disbursements in Kerala
Dewan Housing Finance is expecting a healthy growth of 25 percent in loan disbursements in Kerala over the next three financial years. . DHFL has registered a growth of 20 percent in its loan disbursements during first three quarters of FY 17.
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.
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.
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