DHFL: Feeling the interest burden of your existing housing loan?


 Relax..! Transfer your home loan to DHFL (Dewan Housing Finance
Corporation Limited) at a lower interest rate with a Balance Transfer home loan.

Further, you also have the option of a Top-Up loan over and above the balance you transfer.

Purpose
Balance Transfer of the existing Home loan from another lending institution.

Are You Eligible?


For the salaried class, any Indian, of age 18 years minimum and up to the maximum age
of  retirement or 60 years, whichever is earlier


For the self employed category, the maximum age is 65 years.

Amount of Loan:

100 % of Principal outstanding and other charges based on the loan SOA / Foreclosure statement or 80 % of Market Value whichever is lower

The actual loan amount is determined taking into various account factors such as:

Repayment capacity:
Age :
Educational qualifications :
Stability and continuity of income :
Number of dependents :
Co-applicant’s income
Assets :
Liabilities :
Saving habits, and more :


Maximum Tenure of Loan

DHFL understands the value of your hard earned money. With a tenure upto 20 years, you can reduce the EMI amount, so that your outgoings every month do not come in the way of your lifestyle and living standards.

The tenure of your Home Construct loan ranges from 1 to 20 years maximum. The term however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for self employed individuals).

Interest Rate

DHFL offers one of most competitive rates in the market. 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.

Nominal Processing Fees

The dream home you want to construct must be free of any legal & techinical encumbrances. 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.

At the time of processing your loan, a one-time fee is chargeable: 1% of loan amount (SAL) and 1.5 % of loan amount (SEP / SENP). Service tax extra as per government rules.

Easy Repayments..!

To make repayments easier, we offer customers two simple  options of repayments.

You  have 2 options for repayment of the loan based on the EMIs payable:

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

2) PDCs (Post Dated Cheques) drawn on your Savings/Salary account

Simple Security..!

Balance Transfer and Balance Transfer + Top-Up Loans are secured loans. We are 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.

Easy Documentation..!

As per government rules and regulations, we’re required to adhere to certain procedures on documentation. Therefore to enable us to speedily process your home loan application, we will require the following:

1. KYC (Know Your Customer) documents
2. Proof of Income documents and bank statements as per log-in checklist
3. Property related documents as per log-in checklist.

Income Tax Benefits

As per IT Rules, the current applicable exemption u/s 24 is Rs. 1.5 lacs for the interest amount paid in a financial year and up to Rs.1 lac for the Principal amount repaid in the same year. Thus up to Rs. 2.5 lacs is tax exempt, helping you save up to Rs. 70,000 tax annually.

Do not succumb to the high interest burden on your existing home loan. Fill in the Enquiry Form alongside. Our Representative will get in touch with you to help you through the entire loan process. Enjoy a better life with the money you save!

Dewan Housing Finance
Corporation Limited - DHFL -  Customer Care
HDIL towers, Ground Floor,
Anant Kanekar Marg, Bandra East, Mumbai -400051
E-mail: response@dhfl.com
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