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Things To Know About Home Loan DHFL

Home is the basic necessity for any individual and everyone wants to own their own home at some point in their lives. But not everyone is financially capable to buy his/her own home or land considering the hefty prices of the homes in our country. To help them financially and to make them able to achieve their dream home, banks and financial institutions of our country provide a facility known as Home Loan to the individuals who require it. Through this facility, they get the loan amount against the property as collateral or security.

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Things To Know About Home Loan DHFL

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  1. Things To Know About Home Loan DHFL

  2. Home is the basic necessity for any individual and everyone wants to own their own home at some point in their lives. But not everyone is financially capable to buy his/her own home or land considering the hefty prices of the homes in our country. To help them financially and to make them able to achieve their dream home, banks and financial institutions of our country provide a facility known as Home Loan to the individuals who require it. Through this facility, they get the loan amount against the property as collateral or security.

  3. Dewan Housing Finance Corporation (DHFL) is one of the top housing finance companies in India that provide various kinds of facilities ranging from home loans, plot loans, home construction loans, home extension loans, home renovation loans, and many others. The rate of interest offered by DHFL is quite competitive compared to the current financial market, also individuals get flexible tenure period for the repayment of the loan. In this article, you’ll get to know everything about the Home Loan DHFL and what are the features that make it one of the best options available.

  4. What are some Prominent Highlights of the Home Loan DHFL: The list of benefits that an individual get through the home loan by DHFL can go on and on. Below are some of the salient features that you can have a look at. • With the Home Loan facility from the DHFL, you can transfer your existing home loan balance to the DHFL with a minimum rate of interest. • The DHFL home loan is available to both salaried and self-employed individuals.

  5. The rate of interest on a DHFL home loan ranges from 9.05% per annum to 9.95% per annum. It also depends on your repayment capability, credit score, employment type, and other various factors. • You can opt for a tenure of one year to a maximum of 30 years. • Prepayment charges in the Home Loan DHFL are fixed at the 3% of the loan amount and GST charges.

  6. You will get the minimal processing fee of 0.5% to 2% of the loan amount and service charges. • The loan amount that can be opted by you ranges from Rs 1 lakh to Rs 5 crore. • An individual can get the loan amount up to 85% of the property value.

  7. How to use the DHFL Home Loan calculator to estimate the EMI amount? With the help of the Home Loan calculator, you can easily get an estimate of your EMI amount that you’ll be paying over a period. For using it, you only need a few basic details which are the desired loan amount, rate of interest, and tenure period. By putting these details into the calculator, you will get the exact EMI amount for your desired loan amount.

  8. Eligibility Criteria for getting a Home Loan from DHFL: There are a few basic qualifications which an individual has to fulfill before getting the home loan facility. These are mentioned below. • The minimum age to get a DHFL home loan is fixed at 21 years and the maximum age is 65 years. • An individual must have a good credit score to enjoy the facility of DHFL Home Loan. • You can also use the DHFL Eligibility calculator to check your eligibility by filling out the basic details like your monthly income.

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