Home | Bank | Dhfl

DHFL

DHFL, with a belief of Changing Rule & Changing Life was established on 11 April 1984. The organization was established by Sri. Rajesh Kumar Wadhwan who was an ambitious and ingenious businessman, when he came across the irony that most of his countrymen could not avail a decent Home Loan. This stirred his heart and he set on his mission to provide every Indian a home. His idea was to provide affordable home loans to many Indians coming from low and middle income groups a home, in their home towns targeting specially the rural and semi-urban parts of the country. DHFL emerged as the second company to establish a benchmark in the sector of housing finance in India.

DHFL is the second housing finance Company to be established in the country, however, with a unique mission, which is today benchmark as a model of financial inclusion in the Indian financial services sector. With over 30 years of experience DHFL today is one of the largest housing finance companies. DHFL is living up to the dreams of its founder and still continues to change rules and lives in a socio economic manner. With its headquarters in Mumbai the commercial capital of India, DHFL operates through a grid of 359 offices spread across the country. DHFL has also established its presence internationally with its offices in Dubai, UAE and London, UK. With its offices in Dubai and London DHFL also aims at catering the NRI population in these countries.

DHFL has alliances with leading banks such as Punjab National Bank (PNB), union Bank of India, Central Bank of India, and Yes bank to arrange home loans for customers through a home loan syndication Agreement. DHFL has been assigned a rating ‘CARE AAA (Triple A)’ by CARE and ‘BWR AAA’ by Brick works for various secured long term debt instruments.

Today, DHFL has a rich presence in various segments of financing sector and it deals with a variety of loans including

Home Loans SME Loans Mortgage Loans Deposits
• Home loans • Property term loans • Loan against property • Fixed deposit
• Home improvement loans • Plant and machinery loans • Purchase of commercial property • For individuals
• Home construction loan • Medical equipment loans • Lease rental discounting • For trusts & institutions
• Home extension loans • Business loans • Lease rental discounting • Swayamsidha Deposit for Women
• Home loans for self employed •Small savings schemes
• Plot loan/ land loan • Double my money
• Home loan balance transfer • Wealth to health fixed deposit
• Plot & Construction Composite loan

Eligibility and Documents for Salaried

Products Documents list Eligibility criteria and locations
Home Loan
  1. Company profile if it is a lesser known organization
  2. Salary slips of last 3 months
  3. Latest 3 months salary account bank statement / 6 months passbook
  4. Employee ID card and visiting card
  5. Appointment letter / Form 16 /ITR
  6. Passport / Voters ID card / Driving license / PAN card
  7. Passport / Driving license / Ration card / Latest mobile bill / Letter from employer (with HR /Admin sign)
  8. Passport / PAN Card / Driving license / Photo credit card (front only) / Banker verification letter ( Only online)
Your Eligibility is determined taking into account various 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

Fees and Charges for Salaried

Products Fees and Charges
Home Loan 1. Interest rate: 9.90% to 11.50%depending upon the amount of loan.
2. Loan Processing fees : 5000/- to 20,000/- depending upon the loan amount
3. Chq Bounce Charges : 550/- per bounce
4. Late payment of EMI: 18% p.a.
5. Foreclosure charges: 2% depending on the term of your loan
6.Prepayment Charges: 3%

FAQs for Salaried

1. What is the maximum loan amount I can get for Home Loan?
Ans. You can avail home loans from 1,00,000/- to 500,00,000/- depending on your profile, income n repayment capacity. But loan will not exceed 85% of the cost of property.
2. What is the Maximum tenure for Home Loan?
Ans.The maximum repayment tenure is 30 year depending on the borrowers category, age , purpose.
3.What are the Tax Benefits FOR Home Loan?
Ans.Get Maximum Tax benefit under Home Loan scheme. As per Indian IT Rules, the current applicable exemption u/s 24 is `1.5 lacs for the interest amount paid in a financial year and up to `1 lac for the Principal amount repaid in the same year. Thus up to`2.5 lacs is tax exempt, helping you save up to `70,000 tax annually.

Eligibility and Documents for Self Employed

Products Documents list Eligibility criteria and locations
Home Loan
  1. Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card /Photo Ration Card
  2. Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport
  3. Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
  4. Bank Statements: Latest 3 Months bank statements / 6 months bank passbook
  5. Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  6. Proof of continuation: Trade license /Establishment /Sales Tax certificate
  7. Other Mandatory Documents (Sole Prop. Decl. Or Copy of MOA, AOA & Board resolution.)
Your Eligibility is determined taking into account various 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
Professional Loan
  1. Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card / Photo Ration Card
  2. Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport
  3. Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
  4. Bank Statements: Latest 3 Months bank statements / 6 months bank passbook
  5. Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  6. Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration
  7. Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).
  8. Proforma Invoice of machinary
This loan is available for • Doctors • Hospitals, Nursing Homes, Clinics, • Labs and diagnostics centres • Entities • Proprietorships. • Partnerships. • Limited Liability Company • Private Limited Companies • Limited Companies • Societies and Trusts
Business Loan
  1. Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card / Photo Ration Card
  2. Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport
  3. Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
  4. Bank Statements: Latest 3 Months bank statements / 6 months bank passbook
  5. Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  6. Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration
  7. Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).
You Should • Be 21 years -65 years • Minimum 4 years in business and 2 years in same business. • Annual income 1 lacs for metro locations and 75,000/- for non metro locations • Business must be in profit from the last 2 years
Loan Against Property Commercial
  1. Proof of Identity: Passport / Voters ID / Driving License/PAN Card/Aadhar Card / Photo Ration Card
  2. Address Proof: Ration card /Driving License/ Voter ID/ Utility Bill (anyone within last 3 months) / Registered Rental Agreement / Passport
  3. Date of Birth Proof: Driving License / Pan Card / Passport Copy / Birth Certificate / 10th / 12th mark sheet bearing date of birth
  4. Bank Statements: Latest 3 Months bank statements / 6 months bank passbook
  5. Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
  6. Proof of continuation: Trade license /Establishment /Sales Tax certificate/ SSI Registration
  7. Other Mandatory Documents (Sole Prop. Decl. Or Cert. Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (Certified by Director) & Board resolution (Original).)
• Applicant must be a resident of India • Loan is based on below criteria • Property Value • Repayment Capacity • Assets • Liabilities • Age • Legal & Technical Clearance of Property Title

Fees and Charges for Self Employed

Products Fees and Charges
Home Loan 1. Interest rate: 9.90% to 11.50%depending upon the amount of loan.
2. Loan Processing fees : 5000/- to 20,000/- depending upon the loan amount
3. Chq Bounce Charges : 550/- per bounce
4. Late payment of EMI: 18% p.a.
5. Foreclosure charges: 2% depending on the term of your loan
6. Prepayment Charges: 3%
Professional Loan 1. Interest rate: 10%to 11.50% depending upon the amount of loan.
2. Loan Processing fees : 1.50% depending upon the loan amount
3. Chq Bounce Charges : 250/- per bounce
4. Late payment of EMI: 18% p.a.
5. Foreclosure charges: 2% to 5% depending on the term of your loan
6. Prepayment Charges: 2% to 5%
7. Application Fees:1.25%
Business Loan 1. Interest rate: 10%to 11.50% depending upon the amount of loan.
2. Loan Processing fees : 1.50% depending upon the loan amount
3. Chq Bounce Charges : 250/- per bounce
4. Late payment of EMI: 18% p.a.
5. Foreclosure charges: 2% to 5% depending on the term of your loan
6. Prepayment Charges: 2% to 5%
7. Application Fees:1.25%
Loan Against Property Commercial 1. Interest rate: 13.75%
2. Loan Processing fees : 0.5% to 2% depending upon the loan amount
3. Chq Bounce Charges : 250/- per bounce
4. Late payment of EMI: 18% p.a.
5. Foreclosure charges: 2% to 5% depending on the term of your loan
6. Prepayment Charges: 2% to 5%
7. Application Fees:1.25%

FAQs for Self Employed

1.What is the maximum loan amount I can get for Loan Against Property Commercial ?

Ans.You can avail loan 15 lacs to 10 cr. depending on your profile, income n repayment capacity.

2. What is the Maximum tenure for Loan Against Property Commercial ?

Ans.The maximum repayment tenure is 15 year depending on the borrower’s category, age, purpose.

3. What is the maximum loan amount I can get for Business Loan?

Ans.You can avail loan up to 35 lacs depending on your profile, income n repayment capacity.

4. What is the Maximum tenure for Business Loan?

Ans.The maximum repayment tenure is 5 yrs depending on the borrower’s category, age, purpose.

5. What is the maximum loan amount I can get from Professional Loan?

Ans.You can avail loan up to 10 cr. depending on your profile, income n repayment capacity.

6. What is the Maximum tenure for Professional Loan?

Ans.The maximum repayment tenure is 6 yrs depending on the borrower’s category, age, purpose.