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Dhan Laxmi Home Loan

Dhan Laxmi Housing Loan 2021

Last Updated 11th Oct 2021

Dhan Laxmi Bank is a large Private Bank with the lowest home loan percent rate in India. Currently, the bank offers home loans beginning from 7.85% with quick approval and online process. Home Loan in Dhan Laxmi Bank is quite popular with its special features and attractive rates under various Dhan Laxmi Bank home loan schemes for different income and occupation groups. Some of the key features of Dhan Laxmi Bank housing loan are:

  • Dhan Laxmi Bank also offers pre-approved housing loans at low rates for existing bank customers with strong credit history.
  • Dhan Laxmi Bank has an online application process where the KYC, income and property documents submission can be done digitally.
  • You can easily check the status of your Dhan Laxmi Bank home loan application status on a real time basis on the bank’s website or by visiting their customer care centre.
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Dhan Laxmi Bank Home Loan Details

Dhan Laxmi offers multiple home loan products to its customers at low rates. Below-mentioned are the details of home loan Dhan Laxmi

Age Min 21 and Max 60 years for Salaried
Min 21 and Max 65 years for Self Employed
Repayment Tenure 20 years
Interest Rate 7.85%
Interest Rate Linked To RLLR
Processing Fee Upto 1.00%, Minimum ₹ 10,000
Lowest EMI Per Lakh ₹ 827
  • Purpose of Loan: Dhan Laxmi house loan is taken to purchase, construct a home, renovate your existing home.
  • Key Features of Dhan Laxmi Home Loans
    • Loan available for both salaried and self employed. Special rates for women borrowers.
    • Borrowers within the age group of 21 and 60 years.
    • Security: Mortgage of property you are planning to purchase, renovate or construct.
    • Loan to Value Ratio of 80%.
    • Loan Tenure can range from 5 to 20 years.
    • Interest rates in the range of 7.85% to 9.00%.
    • Dhan Laxmi home loan EMI per lakh starts from ₹ 827. However, you can calculate your home loan EMI using Dhan Laxmi home loan calculator 2021.
  • Special schemes: Dhan Laxmi offers customised home loan interest rates and schemes for special category of borrowers including women borrowers, senior citizens, NRIs etc.

Features & Benefits of Dhan Laxmi Bank Home Loans

Some of the features and benefits of Dhan Laxmi Bank Home Loans are listed as follows:-

  • Dhan Laxmi Bank Home Loan Interest Rate starts from 6.70%.
  • Dhan Laxmi Bank charges a processing fees of Upto 1.00%, Minimum ₹ 10,000.
  • Loan Tenure of Home Loan ranges from 5 years to 30 years.
  • Lowest EMI per lakh on home Loan from Dhan Laxmi Bank is per lakh offered at the lowest interest rate of 6.70% at the longest loan tenure of 30 years.
  • Dhan Laxmi Bank allows prepayment of home loans with Nil charges on floating rate loans.

How to Get Easy Home Loan from Dhan Laxmi Bank?

Getting a home loan from Dhan Laxmi is fairly easy with an online application process. 5 Steps for Dhan Laxmi Home Loan Apply

  • Step 1: Visit the website, branch, or website of authorised online channel partner of Dhan Laxmi and fill in the application form with loan amount required, property details, your personal details, occupation information and your contact number.
  • Step 2: An official of Dhan Laxmi or online partner will call you to discuss your eligibility of the loan as well as explain the loan rates, terms as well as processing fees and other charges.
  • Step 3: Once you agree to proceed with the loan application, you will need to submit your income and property documents online or a Dhan Laxmi’s representative will visit your home or office to collect your documents.
  • Step 4: Dhan Laxmi will ask you to submit the processing fees and take a few days to conduct a credit appraisal and do technical evaluation of your property.
  • Step 5: If you are eligible and your property qualifies for a loan, you will be issued a sanction letter from Dhan Laxmi and will need to sign a loan agreement with the bank. Post this, the loan will get disbursed to your account.

Dhan Laxmi Bank Home Loan Documents Required

To apply for a home loan in Dhan Laxmi, the bank asks you to submit the following Dhan Laxmi Home Loan Documents .

  • Home loan application form with three attested photographs.
  • Identity proofs: PAN, passport, Voter ID card or driving license.
  • Address or residence proofs: Recent copy of utility bills such as telephone, electricity bill, water bill, gas bill, or a copy of aadhar card, passport, driving license.
  • Property papers: Permission for the construction of a property; allotment letter; stamped agreement for sale; registered agreement for sale (only for Maharashtra); share certificate (only for Maharashtra); maintenance and electricity bill of the property; property tax receipt; conveyance deed in case of new property; payment receipts or Dhan Laxmi account statements of the payments made to the builder or the seller; Xerox copy of the approved plan copy and registered development agreement of the builder.
  • Bank account statements for the last six months of all bank accounts held by the applicant.
  • Loan A/C statement of last one year if any loan is availed previously from any other bank or another lender.
  • Income proof for salaried: Salary certificate or salary slip for the last three months; copies of form 16 of last two years; a copy of IT returns for the last two financial years that is acknowledged by the Income Tax department.
  • Income proof for self-employed: Address proof of business; Income tax returns of last three years; balance sheet and Profit & Loss A/c for last three years; business license details; TDS certificate or Form 16 A.
  • Self-employed professionals like CA or doctors, amongst others, are also required to submit the certificate of qualification.

Dhan Laxmi Bank Home Loan EMI Calculator

Dhan Laxmi home loan EMI calculator helps the home loan borrowers plan their home loan EMIs, that is composed of the monthly interest rate, and monthly reducing balance. The calculator functions on the basic components of the principal amount, loan tenure and interest rate. Dhan Laxmi Bank Home loan calculator helps the loan borrower pre-plan their home loan in advance.

Dhan Laxmi Bank Home Loan Eligibility Calculator

Dhan Laxmi Bank Home loan eligibility calculator is an online tool that helps the Dhan Laxmi home loan borrowers estimate their home loan eligibility. The eligibility calculator considers various factors such as the income of the applicant, age, work experience, employment and credit score. Therefore, the eligibility helps one analyse their ability and affordability of a home loan. You can also add a co-applicant in case your loan eligibility is lower than the amount.

Compare Dhan Laxmi Bank Home Loan with Other Banks

FAQs

What are the documents required for home loan Dhan Laxmi?

To apply for Dhan Laxmi Bank Home Loan, you will be required to submit Dhan Laxmi home loan documents such as home application form with attested photographs along with various other documents such as identity proof, bank statements, residence proof, property papers and loan account statements if any.

Why should I take a home loan from Dhan Laxmi Bank ?

Below-mentioned is the reason why you must avail a home loan from Dhan Laxmi

Can I apply for an Dhan Laxmi home loan online?

Yes, you can apply for a Dhan Laxmi home loan online by visiting the bank’s official online portal for home loans or at an online marketplace like MyLoanCare.

Which is the best Dhan Laxmi home loan scheme?

Choosing the best Dhan Laxmi home loan scheme is subjective to the requirement of the home loan applicant. For instance, there are different home loan offers for the purchase, construction or renovation of a home. Thereby, choosing the best Dhan Laxmi home loan scheme is based on one’s needs.

Is Dhan Laxmi good for a home loan?

Dhan Laxmi is one of the best home loan lenders in the country. Currently, Dhan Laxmi home loan interest rate 2021 starts at 6.50%.

How can I check my Dhan Laxmi home loan status?

One can check their Dhan Laxmi home loan status on Dhan Laxmi’s home loan portal under the option. ‘Application tracker’. Apart, home loan status can also be checked on the Dhan Laxmi mobile app

What is the eligibility for a Home Loan of Dhan Laxmi Bank?

The eligibility to avail a Home Loan is set across the applicant’s age and income. The age of the applicant should range between 18-70 years. Further the minimum income of the applicant should be ₹ 25,000 along with a good credit score of 650 and above.

What is Dhan Laxmi Bank Home Loan procedure?

There are two methods to complete the application for Dhan Laxmi Bank Home Loan Process online:

  • Apply online at Dhan Laxmi Bank official website or online portal for home loans.
  • Online Marketplace like MyLoanCare

However, Availing a loan through an online marketplace improves your the chances of getting the best loan rates, low processing fees and special offers in the form of cash backs.

What is the maximum loan tenure I can opt under Dhan Laxmi Bank house loan?

Dhan Laxmi Bank offers you a longer tenure of 20 years to repay your loan with the benefit of paying less EMI per month.

Does Dhan Laxmi Bank check CIBIL for home loan?

Yes, to avail home loan from Dhan Laxmi Bank, you must fulfill Dhan Laxmi Bank Home Loan CIBIL requirement of a min CIBIL Score of 650 or above.

Can I transfer my house loan from another bank to Dhan Laxmi Bank?

Yes, Bank gives you the facility to transfer your existing loan with a hassle-free process. Availing loan transfer to Dhan Laxmi Bank can allow you to save interest, 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 Home Loan eligibility if the spouse is co-owner of the property or guarantor of the loan.

What is the benchmark applicable for a housing loan?

The benchmark applicable for Home Loan in Dhan Laxmi Bank is RLLR . RLLR is an external benchmark wherein commercial banks use the RBI’s repo rate to calculate the retail loan interest rate. In RLLR, the reset period is 3 months which implies that banks would revise your interest rate of RLLR-linked loans every 3 months.


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Dhan Laxmi Home Loan News - Nov 2021
  • 2021-06-01 : Dhanlaxmi Bank posts ₹5.28 crore net profit in Q4
    Dhanlaxmi Bank reported a net profit of Rs 5.28 crore in the fourth quarter of FY2020-21, boosted by retail loans home, LAP, personal, two-wheeler, car education and doctor loan along with business and mudra loan. The bank had posted a net profit of Rs 2.60 crore in the year-ago same quarter.
  • 2020-08-03 : Dhanlaxmi Bank Ltd Q1FY21 net profit at Rs. 6.09 crore
    Dhan Laxmi posted a net profit of Rs.6.09 crores for the period ended June 30, 2020, as against a net profit of Rs.2.60 crores for the period ended March 31, 2020. In addition to this, The bank reported a total income bolstered by retail loans home, personal, car, two-wheeler and gold loans along with business and mudra loans of Rs.278.62 crores during the period ended June 30, 2020. Bank provisioning for bad loans and contingencies spiked to Rs 37.02 crore during the reported quarter of FY21 as against Rs 9.27 crore a year ago.
  • 2020-01-08 : Dhanlaxmi Bank revised interest rates on retail loans
    Dhanlaxmi Bank revised its home loan interest rate by 25 bps, which begins from 9.55%. It also changed the interest rate on personal loans, which lies between 12.90% to 16.10%. The rates are revised to lure home loan and personal loan buyers.
  • 2019-06-04 : Dhanlaxmi Bank revises MCLR rates across loan tenure
    Dhanlaxmi Bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR) across all tenure for June. The move is supposed to make retail loans like housing loans and mortgage loans cheaper. Now for overnight and one month, the rate stands at 8.60%. For 3 months, the rate has been revised to 8.90%. While for 1 year the rate now stands at 9.90%. The revised rates are effective from June 1, 2019.
  • 2019-05-09 : Dhanlaxmi Bank reports a profit of Rs. 27.6 crores in Q4 of FY19
    Private sector lender, Dhanlaxmi Bank has reported strong growth of Rs. 27.6 crores in its net profit for the Q4 of FY19. The profit is boosted by strong growth across its retail loans segment including home loans and mortgage loans and SME loans.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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