DHFL Home Loan
The DHFL home loan is meant for the purpose of purchasing a ready built-up, under construction or resale property. The DHFL Home loan can be availed by anyone who fulfills their eligibility criteria.
Why should you take it?
In addition to being a loan provided by a trusting housing finance provider, you get the following advantages:
- You can get a loan with a term of up to 30 years or age of retirement - which is 60 for salaried but can go up to 70 for self-employed individuals
- You can get a loan of up to 90% of the property value , for loans up to 30 lakhs
- You can get interest rates starting from 8.35% , which is comparable to the rates provided by a lot of the leading banks.
What should you consider?
- For loans above Rs.30 Lakhs, the proportion of the loan to property value does change, which is something you will need to enquire about while applying for the loan
- DHFL Loans function on the principle of monthly reducing principal - which means that the principal amount (on which interest is charged) reduces every month as you pay EMI’s
- You need to be below 65 years of age when the loan matures
DHFL Plot Loan
The DHFL home loan is specifically to meet your needs when it comes to buying a plot of land on which to construct your home. The DHFL Home loan can be availed by anyone who fulfills their eligibility criteria for plot loans
Why should you take it?
In addition to being a loan provided by a trusting housing finance provider, you get the following advantages:
- You can get a loan with a term of up to 20 years or age of retirement - which is 60 for salaried but can go up to 70 for self-employed individuals
- You can get a loan of up to 75% of the property value, which is higher than the amounts that most banks provide
- You can get interest rates starting from 8.35% , which is comparable to the rates provided by a lot of the leading banks.
What should you consider?
- DHFL Loans function on the principle of monthly reducing principal - which means that the principal amount (on which interest is charged) reduces every month as you pay EMI’s
- You need to be below 65 years of age when the loan matures
- If you intend to begin construction of a property immediately after purchasing the plot, you may want to consider taking the DHFL Plot & Construction loan instead, since you can get the complete amount sanctioned in one go
DHFL Home Construction & Home Extension Loans
The DHFL home construction and home extension loans are specially designed for you to either build a home from scratch, or for you to add an extension to your existing home. This means that you can probably get higher loan amounts for construction by availing of this specific loan. The DHFL Home construction loan can be availed by anyone who fulfills their eligibility criteria
Why should you take it?
In addition to being a loan provided by a trusting housing finance provider, you get the following advantages:
- You can get a loan with a term of up to 30 years or age of retirement - which is 60 for salaried but can go up to 70 for self-employed individuals
- You can get loans of up to 100% of your construction estimate, or up to 90% of the value of the property - whichever is lower - for loans of up to 30 lakhs. These estimates will be validated by an expert team from DHFL
- You can get interest rates starting from 8.35% , which is comparable to the rates provided by a lot of the leading banks.
What should you consider?
- For loans above Rs.30 Lakhs, the proportion of the loan to property value does change, which is something you will need to enquire about while applying for the loan
- DHFL Loans function on the principle of monthly reducing principal - which means that the principal amount (on which interest is charged) reduces every month as you pay EMI’s
- You need to be below 65 years of age when the loan matures
DHFL Plot & Construction Loan
The DHFL plot and construction loan functions provides the combined benefit of their individual plot loans and home construction loans. You can get a combined loan for the whole amount of the project, without having to go through 2 separate processes. The individual components of the loan will be disbursed to you in two different stages of plot purchase and homes construction.
DHFL NRI Home Loan
The DHFL NRI home loan is designed for NRI’s, for the purpose of purchasing a ready built-up, under construction or resale property. The DHFL Home loan can be availed by any NRI who fulfills their eligibility criteria.
Why should you take it?
In addition to being a loan provided by a trusting housing finance provider, you get the following advantages:
- You can get a loan with a term of up to 20 years
- DHFL has an NRI representative office that you can reach out to for help, advice or guidance regarding their NRI loans
- You can get interest rates starting from 8.35% , which is comparable to the rates provided by a lot of the leading banks.
What should you consider?
- The minimum loan amount for an NRI loan is Rs. 5 lakhs
- DHFL Loans function on the principle of monthly reducing principal - which means that the principal amount (on which interest is charged) reduces every month as you pay EMI’s
The interest rate options for you depends on your loan amount