About DHFL Home Loan and its current interest rates

Dewan Housing Finance Corporation Ltd(DHFL), established by Rajesh Kumar Wadhawan in 1984, is known for making available affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India. It is one of India’s largest housing finance companies (and the second largest in the private sector).

The company provides home loan products tailor made to suit the needs of customers. It has tie-ups with leading public and private sector banks namely Punjab & Sind Bank, United Bank of India, Central Bank of India and YES bank to provide home loans to customers through a home loan syndication agreement. It has set up representative offices in London and Dubai to serve the ever increasing NRI population in these regions, and tied up with UAE Exchange to offer its home loan products through the various UAE Exchange centres in the GEC countries.

DHFL believes in reaching out to a vast majority of the low and middle income group customers. As a value-added product option to housing finance, it provides double protection to insure the life and property of customers, subject to terms and conditions. In association with leading financial Insurers in India, the company offers unique home loan linked insurance plans which could be customised to suit customer requirements. The basic intent is provide security to the family in the unfortunate event of the death of home loan borrower.

If you vail loan from DHFL, you can be assured of fair terms, total transparency and flexibility.  You can avail DHFL home loan for ready built-up or under construction house/flat purchase. The loan does not exceed 85 per cent of the cost of property (including stamp duty and registration fees) or 80 of the market value, whichever is lower. If you want further enhance the loan amount, you should have a co-applicant, whose income can be clubbed together with yours to enhance your home loan eligibility.

Your home loan amount will be determined taking into various account factors such as your repayment capacity, age, educational qualifications, stability and continuity of income, number of dependents, co-applicant’s income, assets, liabilities and your saving habits.

The tenure of your DHFL home loan ranges from 1 to 30 years. The term, however, won’t go beyond the retirement age or 60 years whichever is earlier (65 years for self-employed individuals). If you opt for loan period of 30 years, you can reduce the EMI amount on your home loan, enabling you to spend more money on your lifestyle and other needs.

DHFL offers one of the most competitive rates in the market (see the table below). 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.

Bank Name	Up to 30 Lacs	From 31 Lacs to 75 Lacs	Above 75 Lacs	Processing Fee	Prepayment charges
DHFL	10.50% (for salaried), 10.75% (For SEMP)	11% (for salaried), 11.50% (For SEMP)	11.50% (for salaried), 12% (For SEMP)	1% for Salaried & 1.5% for SENP	NIL

In case of salaried individuals (SAL), home loan processing fee is 1 per cent of the loan amount, whereas for self – employed professionals / non-professionals, it is charged at 1.5 per cent of the loan amount, plus service tax and cess as applicable.