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DHFL Home Loan Interest Rate - Sep 2017

Last Updated 01st Sep 2017

DHFL Home Loan Interest Rates

Interest Rate 8.60% - 9.75%
Check Best Offers
Lowest EMI Rs. 776 per lakh
Max Tenure 30 years
Processing Fee Upto 0.50%
Minimum Rs. 2,500 Maximum Rs. 20,000
Prepayment, Foreclosure Charges Allowed with Nil charges for floating rate loans
Age Min 21 and Max 60 years for Salaried
Min 21 and Max 65 years for Self Employed
Apply Home Loan @ 8.35%*
Rs.
Rs.
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DHFL Home Loan

DHFL offers housing loan to people who want money to purchase a house, home renovation and home extension etc. The house itself acts as a security to the loan. Taking a loan from DHFL has the following benefits:

  • Pay less EMIs for a longer tenure up to 30 years
  • Nil prepayment charges for floating rate home loans
  • Affordable and attractive interest rates

DHFL Home Loan Interest Rates

In addition to its regular loan products, bank also offers customized loans for special categories of borrowers. Bank offers lower rates to ladies borrowers. Click on the details to get slabwise interest rates.

DHFL Floating Rate Home Loans

DHFL Home Loan Interest Rates
DHFL Home Loan Floating 8.60% - 9.75%
Details+
DHFL Plot Loan 8.60% - 9.75%
Details+

DHFL home loan interest rate depends upon

  • Loan amount: Housing loan rate in DHFL depends upon the loan amount you apply for. Higher the loan amount, lesser will be the rate
  • Your Salary: Income helps you in identifying your rate of interest. Bank's rate varies with your monthly income. Higher the income, lesser will be the rate
  • Type of loan opted for: DHFL also offers differential rates for women borrowers and also under their fixed and floating rate schemes. The rate of interest may be higher or lower under their special or popular loan product offers.

Interest Rate and its impact on DHFL Home Loan Eligibility

DHFL has detailed criteria to determine a potential borrower’s eligibility for housing loans. These eligibility criteria determine the loan amount you can avail. Interest rate offered by DHFL also impacts the amount of loan you can avail from DHFL.
Some of the key eligibility criteria are summarized in the table below:

DHFL Home Loan Eligibility Criteria
Interest Rate 8.60% - 9.75%
Age 21 - 60 years
Job Stability in case of Salaried (in years) 2 years
Minimum Credit Score 650 and above
Loan Amount Rs. 1,500,000 to Rs. 50,000,000
Loan to Value Ratio Upto 80%
FOIR (Fixed Obligations to Income Ratio) Up to 0.65

Home Loan Charges Applicable (Other than Interest)

In addition to interest rates, home loan also carry some other charges which include:

  • Foreclosure Charges - These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. DHFL allows prepayment of house loan with Nil prepayment charges
  • Processing Fee - DHFL charges a processing fee of 0.50% of loan amount Minimum Rs. 2,500 Maximum Rs. 20,000 with applicable tax
  • Other Charges - Bank also charges technical and legal charges which are explained to the customer during the loan process.

Home Loan Products and Rates

DHFL offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

DHFL Home Loan Eligibility Calculator

DHFL Home Loan Eligibility is the amount of loan you can avail based on an assessment of your repayment capacity as well as the value of property. It is important to calculate eligibility for housing loan from DHFL. You can use eligibility calculator to get a fairly accurate estimate of your potential eligibility subject to the information provided by you.

SBI Home Loan EMI and Interest Calculator

Further, you can also use the DHFL Home Loan EMI Calculator online to calculate your house loan EMI. EMI is a fixed amount that you pay each month towards the repayment of yourloan till the end of tenure

  • EMI calculator of DHFL helps you to calculate your monthly EMI at different rate of interest and also check and compare lowest EMI per lakh on home loan
  • You can plan your loan amount according to your monthly repayment capacity because higher the loan amount, higher will be the EMI
  • Rate of interest is an important factor which affects your EMI. Higher the rate, higher will be the EMI. You can also estimate the interest amount you pay over the tenure of the loan at various loan tenure as well as interest rates
  • Loan tenure matters equally as higher tenure reduces your EMI

What are the benefits of calculating DHFL Housing Loan EMI?

  • EMI calculator helps you to calculate your monthly EMI at different rate of interest
  • DHFL Housing Loan EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

Housing Loan DHFL documents required

For Salaried employee

  • Filled up loan application form
  • 2 Passport Size Photo
  • ITR of last 2 years
  • Identity Proof - Passport/ Driving Licence/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Income Documents – 6 months payslip, 2 years Form 16, 6 months bank statement showing salary credit and any EMI debit

For Self-Employed

  • Filled up loan application form
  • 2 Passport Size Photo
  • Identity Proof - Passport/ Driving License/ Voter ID/ PAN
  • Residential Address Proof - Leave and License/ Registered Rent Agreement/ Utility Bill (upto 3 months old), Passport
  • Business proof such as VAT/ service tax registration, incorporation details in case of companies, business address proof, profit and loss account and balance sheets certified by CA, copy of partnership deed and proof of business existence and business profile

Frequently Asked Questions

Why to take home loan from DHFL?

DHFL offers housing loan at 8.60% rate with the lowest EMI of Rs. 776 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your loan to DHFL.

What is the maximum loan tenure I can opt under DHFL house loan?

DHFL offers you a longer tenure of 30 years to repay your loan with a benefit of paying less EMI per month.

Do I get tax benefit on home loan from DHFL?

As per Indian Income Tax Act of 1961, residents of India are eligible for tax benefits on principal amount and interest components of a home loan under the section 24 and section 80C of Income Tax Act.

Can I foreclosure my home loan? What are the charges applicable?

Yes, you can foreclose your loan with Nil charges.

Can I transfer my house loan from another bank to DHFL?

Yes, Bank gives you the facility to transfer your existing loan with a hassle free process. Loan balance transfer to DHFL offers you to pay lower EMIs and save money.

Can I club the income of my spouse with mine and apply for joint home loan?

You can club the income of your spouse to increase your loan eligibility if the spouse is co-owner of the property or guarantor of the loan.

What is the benchmark applicable for housing loan?

The benchmark applicable for home loan in DHFL is PLR.

What is the effect of part payments on DHFL housing loan EMI ?

Part payments help you in reducing the outstanding amount of loan which in turn will reduce the interest amount due. After making part payments, paying the same EMI will increase your involvement towards the principal amount which will help you in repaying the loan faster.

How to increase my eligibility on DHFL housing loan?

If your spouse or family member is earning well, you can make your spouse or family member the co-applicant for your loan. The combination of both of your income will help you in increasing your eligibility to get loan.

How will interest rate on DHFL housing loan change in future?
  • Floating rate on DHFL housing loan is linked to its PLR Rate, which is currently at 18.30%. When Bank offers a home loan at 8.60%, it applies a discount of 9.7% to its PLR Rate to arrive at this home loan rate.
  • When RBI increases rates, the bank may increase its PLR rate and the applicable interest rate for all existing and new home loans would increase. When RBI cuts interest rates and the bank reduces the PLR rate, the benefit of lower rates will have to be passed to both old borrowers and new house loan accounts.
Am I eligible for top up on my existing home loan?

DHFL allows you to top up your existing home loan at any time during your loan tenure.

How can I repay my EMI on home loan?

There are 2 options to pay back your EMI on home loan:

  • Through ECS (Electronically Clearing System) mode which is directly linked to your account
  • Post Dated Cheques (PDCs) drawn on your savings or salary account

DHFL Home Loan in India

DHFL Home Loan Interest Rate Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 1800-3000-1919
Ahmedabad 1800-3000-1919
Ambala 1800-3000-1919
Anand 1800-3000-1919
Aurangabad 1800-3000-1919
Bangalore 1800-3000-1919
Bhilai 1800-3000-1919
Bhilwara 1800-3000-1919
Bhiwadi 1800-3000-1919
Bhopal 1800-3000-1919
Bhubaneswar Cuttack 1800-3000-1919
Bikaner 1800-3000-1919
Chandigarh 1800-3000-1919
Chennai 1800-3000-1919
Cochin 1800-3000-1919
Coimbatore 1800-3000-1919
Dehradun 1800-3000-1919
Delhi 1800-3000-1919
Durg 1800-3000-1919
Faridabad 1800-3000-1919
Gandhinagar 1800-3000-1919
Ghaziabad 1800-3000-1919
Goa 1800-3000-1919
Greater Noida 1800-3000-1919
Gurgaon 1800-3000-1919
Guwahati 1800-3000-1919
Gwalior 1800-3000-1919
Hyderabad 1800-3000-1919
Indore 1800-3000-1919
Jabalpur 1800-3000-1919
Jaipur 1800-3000-1919
Jalandhar 1800-3000-1919
Jodhpur 1800-3000-1919
Kanpur 1800-3000-1919
Karnal 1800-3000-1919
Kolhapur 1800-3000-1919
Kolkata 1800-3000-1919
Kota 1800-3000-1919
Kozhikode 1800-3000-1919
Lucknow 1800-3000-1919
Ludhiana 1800-3000-1919
Madurai 1800-3000-1919
Meerut 1800-3000-1919
Mehsana 1800-3000-1919
Mohali Sas Nagar 1800-3000-1919
Mumbai 1800-3000-1919
Mussoorie 1800-3000-1919
Nagpur 1800-3000-1919
Nashik 1800-3000-1919
Noida 1800-3000-1919
Noida Extn 1800-3000-1919
Panipat 1800-3000-1919
Patna 1800-3000-1919
Pondicherry 1800-3000-1919
Pune 1800-3000-1919
Raipur 1800-3000-1919
Rajkot 1800-3000-1919
Ranchi 1800-3000-1919
Rohtak 1800-3000-1919
Roorkee 1800-3000-1919
Salem 1800-3000-1919
Shimla 1800-3000-1919
Sonepat 1800-3000-1919
Surat 1800-3000-1919
Trichy 1800-3000-1919
Udaipur 1800-3000-1919
Vadodara 1800-3000-1919
Varanasi 1800-3000-1919
Vijaywada 1800-3000-1919
Vizag 1800-3000-1919
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