DHFL Balance Transfer



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 Balance Transfer Features

1.     Tenure & Term: The tenure of your Home Loan Balance Transfer Scheme ranges from 1 to 20 years. The term however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self employed individuals)

2.     Purpose: AvailHome Loan Balance Transfer from DHFL on the existing Home loan from another lending institution.

3.     Reduce your EMI : With tenure of 20 years, you can reduce the EMI amount on your Home Loan Balance Transfer, so that your outgoings every month do not come in the way of your lifestyle and living standards.

4.     Interest Rates: As per the guidelines set by NHB (a subsidiary of RBI) the Interest rate applicable is based on the Retail Prime Lending Rate (RPLR) which varies from time to time. DHFL offers interest rates at discounted rate on the RPLR. Depending on the loan amount, the interest rate varies.

5.     Processing Fees (Non-Refundable) : DHFL charges a fee for a thorough legal and technical evaluation of the property to ascertain and make sure that it is as per norms and legal procedure. This safeguards and secures your property. This is charged as the fee towards processing your loan application.

Salaried individuals

Self-Employed Professionals / Non Professionals



6.     *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 Balance Transfer Scheme.

a.     Through ECS (Electronic Clearing Service) based on standing instructions to your bank

b.     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 ` 2,00,000/- for the interest amount paid in the financial year and up to ` 1,50,000/- (under section 80 C) for the principal amount repaid in the same year.

9.     Applicant and Co-Applicant: Home Loan Balance Transfer can be applied for individually. The loan amount can be further enhanced by including an earning co-applicant.

10.  Stamp Duty: Stamp duty on the loan documents to be executed shall be paid by the Applicant.

11.  Easy Documentation: To enable us to speedily process your home loan balance transfer application, we will require the following:

a.     KYC (Know Your Customer) documents

b.     Proof of Income documents and bank statements as per log-in checklist

c.     Property related documents

12.  Simple Security: Balance Transfer and Balance Transfer + Top-Up Loans are secured loans. We’re governed by the National Housing Bank (NHB) guidelines – a subsidiary of RBI and as a security, the property is mortgaged by depositing the registered sale deed of the property in question and ONLY DHFL will have FIRST CHARGE on the property.


List of Documents for Salaried Individuals

Sr. No.

Document Name


KYC Documents


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)


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


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


Company profile if it is a lesser known organization

Note: Original documents are required for verification purpose only


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