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DHFL Loan Against Property Interest Rate Calculator - Aug 2017

Last Updated 16th Aug 2017

DHFL Loan Against Property Interest Rates

Interest Rate 12.00% - 12.00%
Check Best Offers
Lowest EMI Rs. 1,200 per lakh
Max Tenure 15 years
Processing Fee Upto 2.00%
Prepayment, Foreclosure Charges Allowed with nil charges for floating rate loans to individuals
Age Min 21 and Max 60 years for Salaried
Min 21 and Max 65 years for Self Employed
Apply Loan Against Property @ 8.50%*
Rs.
Rs.
+91

DHFL Loan Against Property

DHFL offers Loan Against Property to the customers if they need to expand their business or want money for personal use. The loan is given upto 60% of the market’s value for tenure of 15 years.

Loan Against Property DHFL

Loan Against Property interest rates offered by DHFL depends upon PLR

  • Floating rates changes with a single change in DHFL PLR rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates

DHFL offers Property Loan based on PLR which is currently 18.30%

DHFL mortgage loan interest rate depends upon
  • Loan amount: DHFL mortgage loan rate depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • Company where you work: DHFL has a list of companies to which they lend Loan Against Property. Interest rate will be less if your company is listed
  • Your Salary: Income helps you in identifying your rate of interest. DHFL interest rate varies with your monthly income. Higher the income, less will the rate of interest

Loan Against Property Charges

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 loan against property with 3% prepayment charges

Processing Fee - DHFL asks for a processing fee of 2.00% of loan amount with applicable service tax

DHFL Loan Against Property EMI Calculator

Loan Against Property EMI of DHFL is a fixed amount that you pay each month towards the repayment of your Loan till the end of tenure

  • DHFL Property Loan EMI calculator helps you to calculate your monthly EMI at different rate of interest and also check lowest EMI per lakh on Loan Against Property
  • 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 interest rate, higher will be the EMI
  • Loan tenure matters equally as higher tenure reduces your EMI
What are the benefits of calculating DHFL Loan Against Property EMI?
  • DHFL Property Loan EMI calculator helps you to calculate your monthly EMI at different rate of interest
  • DHFL EMI calculator for Loan Against Property 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

DHFL Loan Against Property Eligibility Calculator

Loan Against Property eligibility criteria DHFL

Eligibility of Loan Against Property in DHFL relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are

  • Age: DHFL offers loan against property for a maximum tenure of 15 years if the borrower’s age does not exceed above 60 years for salaried and 65 years if you are self employed. Apply for loan at smaller age, higher will be the chances of loan approval
  • Value of the property: DHFL decides your loan amount based on the market value of the property which you place as your collateral for the loan. DHFL lends less than the market value of the property. As per RBI guidelines, the borrower also has to show some contribution. Ratio of loan amount to value of home is called Loan to Value (LTV) ratio. DHFL gives maximum LTV of 60% for property loans depending upon market value of the property
  • Repayment capacity of the borrower: Your eligibility to take loan against property depends upon the maximum EMI that you can pay. DHFL checks your past CIBIL history, repayment record of credit cards and existing loans that can impact your loan against property eligibility. If you have any other loan running whose EMI you are paying currently, then you are supposed to close your loan to get higher loan against property eligibility. DHFL does not specify any particular CIBIL score for being eligible for a property loan. However, it is observed that a score of 700 and above is desirable
    To reduce your burden of higher EMIs, DHFL gives you a maximum tenure of 15 years for a maximum loan amount of Rs.100,000,000 with a minimum spread of % over PLR. Opt for a loan tenure that suits you and higher the loan tenure, higher will be loan amount eligibility
  • Income: Loan against property are mostly taken by the people who are self employed in order to expand their business. However, in order to increase the loan amount you may club the income of family members like your spouse, parents, children and siblings

Popular Products:

  • Mortgage Loans
  • Purchase of Commercial Property
  • Lease Rental Discounting

DHFL Floating Rate Loan Against Property

DHFL Loan Against Property Floating
Upto Rs. 2,500,000 - 12.00%
Rs. 2,500,001 - 7,500,000 - 12.00%
Rs. 7,500,001 - 30,000,000 - 12.00%
Above Rs. 30,000,000 - 12.00% linked to PLR

DHFL Loan Against Property Top up, Transfer

Transfer of Loan Against Property from another bank to DHFL?

DHFL offers loan against property balance transfer from another bank. This is subject to your meeting other eligibility criteria of DHFL
You can avail additional top-up loan against property from SBI, subject to your eligibility

Loan Against Property DHFL documents required

Loan Against Property for Salaried employee DHFL documents required

  • Filled up loan application form
  • 2 Passport Size Photo
  • 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

Loan Against Property for Self-Employed DHFL documents required

  • 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

Property documents for Loan Against Property from DHFL

  • Registered Sale Deed/ Conveyance/ Lease Deed
  • Past Sale Deeds Chain (each transaction in respect of this property since first allotment
  • Latest House Tax Return/ Receipt
  • Approved Building Plan from Municipal Corporation

Frequently Asked Questions

What are the five things to check before applying for loan against property in DHFL ?
  • Property on which you intend to take loan is not a vacant land, has an approved map plan and is in municipal area. You must attach the entire chain of title documents of the property and its approved building plan with the loan application.
  • Your existing EMI’s on all loans and credit cards (from DHFL and other banks) are no more than 60 - 70% of your net monthly income
  • You have not defaulted on loans or credit card dues to DHFL and other banks and all EMI's have been paid. Note that DHFL can see record or status of your EMI defaults to all banks and NBFC’s in India and not just to DHFL in your CIBIL report. Estimate your CIBIL score for free by using CIBIL score estimate calculator
  • If you are salaried, ensure that you attach your recent salary slips, bank statements and last 3 years' Form 16 with the loan applicantion
  • If you are self employed in your own business or practice, your business must have been in existence for at least three years and last three income tax returns with audited financials must be available
Will DHFL mortgage loan interest rate remain fixed or will it change in future?
  • Floating interest rate on DHFL loan against property is linked to its PLR, which is currently 18.30%. So, when DHFL offers a loan against property at 12.00%, it applies a 6.3% discount to its PLR to arrive at this rate
  • In case the interest rates in the market move up by 0.50%, DHFL may increase its PLR by 0.50% to 18.8%, thereby increasing the applicable rate for both old customers and new customers to 12.5%
  • In case the interest rates in the market trend down by 0.50%, it may do one of the following. It may choose to reduce the PLR by 0.50% from 18.30% to 17.8%, thereby reducing the applicable interest rate for both new and old customers to 11.5%. Alternatively, it may choose to keep the PLR unchanged at 18.30% and increase the discount for new customers to 6.8% instead of 6.3% for old customers. So, the old customers will continue to pay the old interest of 12.00% while the new customers will get loan against property at 11.5%. The decision whether to pass on the benefit on lower rates to both new and old customers or only to new customers is that of the lender and cannot be predicted in case of PLR benchmarked loans
  • It has been observed that customers often complain that applicable rate of interest on PLR benchmarked loans tends to go up in line with market rates but rarely goes down when rates go down. However, since there is no prepayment or foreclosure charge on floating rate loan against property, customers may choose to transfer the loan to a new lender and thus save interest cost. MyLoanCare has helped customers save Rs. 98556874 so far by refinancing their loans at lower rates. Base rate benchmarked loans offer a more transparent mechanism for transmission of interest rates and appear to be more favorable option for the borrowers
  • Current PLR of DHFL, its past trend and comparison with RBI repo rate are given here for your reference
Are prepayment or foreclosure charges applicable on DHFL loan against property?
    You can prepay loan against property (LAP) without any penalty or charges in case:
  • Your loan is at a floating rate of interest and not at a fixed rate. Almost all loans against property are at floating rates and it is unlikely that yours is at a fixed rate of interest
  • The loan is in the name of one or more individual borrowers and none of the applicants and co-applicants is a business entity like a company or a firm or partnership or AOP

For loans from banks and NBFC's, refer to RBI circulars RBI/ 2013-14/ 582/ DBOD. Dir. BC. No. 110 /13.03.00/ 2013-14 dated May 7, 2014 and RBI/ 2014-15/121/ DNBS(PD). CC. No. 399/ 03.10.42/ 2014-15 dated July 14, 2014 for more details.

For loans from Housing Finance Companies, refer to NHB circulars NHB(ND)-DRS-Policy-Circular-63-14-15 dated Aug 14, 2014 and NHB-ND-DRS-Policy-Circular-No-66-2014-15 dated Sep 03, 2014 for more details.

Please contact myloancare at 0124 426 4004 or care@myloancare.in in case you need any assistance or clarification on this subject.

DHFL Loan Against Property in India

DHFL Loan Against Property 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
Dhfl Loan Against Property

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*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.