DHFL Loan Against Property

DHFL has strongly focussed on the vision laid by its founder Shri Rajesh Kumar Wadhwan; that every Indian should own a home of own. With more than 30 years of presence in the industry, DHFL stands today as the leading housing institution of the country. The enthusiastic and purpose driven staff of the bank strives to extend customer focused product innovation and credit policies.

Individual’s dream can become a reality with DHFL LAP. DHFL enjoys being the second largest finance company in India. The framework is aided with total transparency, flexibility and fair terms. Scroll through to know about the eligibility and documentation for availing DHFL LAP. The attractive LAP interest rates and the high rate of disbursements infuse great trust and dependability at customers end. One can get quick approval for loan against property through Loanstreet.

Minimum Threshold For DHFL LAP Eligibility
  1. At least 24 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application Of DHFL LAP

Generally all banks follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph.
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statement
  3. Cheque of Processing Fee.
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  • Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  • PAN Card of the company
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  • Partnership deed
  • Existing Loans’ Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
Property Documents
  • Occupancy Certificate
  • Approved Plan of building
  • Share certificate copy
  • Chain of deeds in case of resale property
  • Property Card
  • Nil Encumbrance Certificate- EC ( if applicable)
  • Current Sale agreement/ Draft Agreement
DHFL home Loan Interest Rate
Rate of Interest 10.15% to 12.00%
Loan Tenure 1 year to 30 years
Processing Fees Rs 5000 to Rs. 20000 plus applicable taxes
Partial Prepayment charges Nil
Pre closure charges Nil
DHFL Home Loans- WHY?

DHFL Home Loan extends a very flexible and transparent set up for home loans making it very easily approachable for the applicants. Minimal documentation, quick disbursal and low rate of interest makes it a favourite place for applying home loans. Scroll down to see the unique features of DHFL Home Loans.

Unique Feature Of DHFL Home Loan

Illustrated below are the striking features of DHFL Home Loans:-

  • Loan Amount
  • The applicant can take up loan to the extent of Rs 500,00,000 but it should not exceed 85% of the cost of property or 80% of the market value whichever is lower.

  • Tenure & Term
  • The tenure ranges from 1 year to 30 year. The flexible tenure makes the DHFL home loan more approachable.

  • Purpose
  • Home loan can be availed for ready built up property, purchase of a new flat/house or for under construction.

  • Reduction Of EMI
  • DHFL ensure that paying off EMI’s should not affect the standard of living of the people thus over the tenure of 30 years the EMI gets reduced.

  • Rate Of Interest
  • The interest rate applicable is based on DHFL’s Real Prime Lending Rate (RPLR) that fluctuates from time to time based on money market conditions.

  • Easy Repayments
  • There are two options for repayment:-

    • Through Electronic Clearing Service
    • Post Dated Cheques Drawn on Salary/Saving Account.
  • Processing Fees
  • For salaried and self-employed professionals Rs 5000 to Rs 20,000 is applicable.

  • Applicant and Co applicant
  • Home Loans can be applied by an Individual and also can be further enhanced by an earning co applicant.

  • Tax Benefits
  • Up to Rs 2.5 lakhs of tax gets exempted subject to the loan taken which helps the applicant to save Rs 70,000 annually.