DHFL Home Loan

DHFL

DHFL

Dewan Housing Finance Ltd (DHFL) is one of the largest Private Housing Finance Companies in India. It has 181 Branches and 146 Service Centres. It's registered and corporate office is in Mumbai.

DHFL Home Loan Features

  1. Loan Amount: Avail a Home Loan of up to Rs. 500,00,000 (minimum loan amount `1 lac) but not exceeding 85% of the cost of property (including stamp duty and registration fees) or 80% of market value, whichever is lower
  2. Tenure & Term: The tenure of your Home Loan ranges from 1 to 30 years. The term, however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self-employed individuals)
  3. Purpose:  Avail of a home loan for ready built-up or under construction house/flat purchase
  4. Reduce your EMI : With tenure of 30 years, you can reduce the EMI amount on your Home Loan, so that your  outgoings every month do not come in the way of your lifestyle and living standards
  5. Interest Rates: The Interest rate applicable is based on the DHFL’s Retail Prime Lending Rate (RPLR) which fluctuates from time to time based on the money market conditions
  6. Processing Fees (Non-Refundable) : This is charged as the fee towards processing your home loan application.

    Salaried individuals (SAL) / Self-Employed Professionals (SEP)

     Self-Employed Non Professionals (SENP)

     Rs.5000* to  Rs.20,000*

    1.5%*

    *Service Tax and Cess as applicable

  7. Easy Repayments:You have 2 options for repayment of the loan based on the EMIs payable on your Home Loan:
    1.   Through ECS (Electronic Clearing Service) based on standing instructions to your bank
    2.   Post Dated Cheques(PDCs) drawn on your Savings/Salary account
  8. Home Loan Tax Benefits: Resident Indians are eligible for certain tax benefits on principal and interest components of a home loan. As per Income Tax Act 1961 rules, the current applicable exemption under section 24(b) is Rs. 2,00,000/- for the interest amount paid in the financial year and up to Rs 1,50,000/- (under section 80 C) for the principal amount repaid in the same year.
  9. Applicant and Co-Applicant: Home Loans can be applied by an individual. The loan amount can be further enhanced by including an earning co-applicant.

Documents

List of documents for salaried individuals

Sr. No.

Document name

1

KYC documents

2

Salary slip for the last 2 months / salary certificate (if variable components like over time and incentives are reflected then salary slips for the past 6 months are required)

3

Latest form – 16 if salary above `20000/- per month

4

Copy of all bank pass books / bank statements for the past 3 months including front page

5

Company profile if it is a lesser known organization

List of documents required for self – employed businessmen

Sr. No.

Document name

1

KYC documents

2

Copy of last 2 years income tax returns of the applicant along with computation of income duly attested by a chartered accountant

3

Copy of last 2 years balance sheet and profit & loss account of the firm duly attested by a chartered accountant

4

Brief business profile on the letter head of the firm by the applicant

5

Bank statement for the last 6 months for the savings account & current account, o/d account

6

Copy of either shop & establishment license / vat registration or any other mandatory license / registration or old itrs evidencing business

7

Copy of the partnership deed, memorandum of associations, articles of association (if applicable)

8

Copy of tax deduction certificate / form – 16a (if applicable)

9

Details of contract (if applicable)

10

Copy of advance tax paid / self-assessment tax paid challan

List of documents required for self – employed professionals

Sr. No.

Document name

1

KYC documents

2

Copy of last 2 years income tax returns of the applicant along with computation of income duly attested by a chartered accountant

3

Copy of last 2 years balance sheet and profit & loss account of the firm duly attested by a chartered accountant

4

Brief business profile on the letter head of the firm by the applicant

5

Bank statement for the last 6 months for the savings account & current account, o/d account

6

Copy of either shop & establishment license / vat registration or any other mandatory license / registration

7

Copy of the partnership deed, memorandum of associations, articles of association (if applicable)

8

Copy of tax deduction certificate / form – 16a (if applicable)

9

Details of contract (if applicable)

10

Copy of advance tax paid / self-assessment tax paid challan

11

Copy of educational qualification certificate

12

Copy of professional practice certificate

13

Salary certificate (in case of doctors having salaried income)

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