DHFL Home Loan

If you can dream a home, you can own it with Credit Nation! All the things you need to know to get a DHFL home loan is right here. You can be assured of terms, full transparency and flexibility. Credit Nation believes that when it comes to own a home, nothing should come in the way.

DHFL Home Loan Documents Required

DHFL Home Loan Documents required for Self–Employed Businessmen

DHFL Home Loan Eligibility

You can avail a Home Loan of up to `500,00,000 (minimum loan amount `1 lac) but not exceeding 85% of the cost of property (including stamp duty and registration fees) or 80% of market value, whichever is lower. The loan amount can be further enhanced by including an earning co-applicant.

The actual Home Loan amount is determined various account factors such as:

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

DHFL Home Loan EMI Calculator

Buying your dream home is a daunting thing. However, there are some financial institutions which provide home loan, so that you can fulfill your dream. You can buy home loan according to your eligibility, while you can also pay debts throughout the monthly installments.

For calculating the EMI, you can use the EMI calculator. EMI calculator provides the exact figures for your installments. With the help of DHFL EMI calculator, you can calculate your monthly installment without any difficulty.

Here is the formula of calculating home loan by DHFL home loan EMI calculator.

P*r* (1+r)^n/([(1+r)^n]-1)

In above formula,

P stands for Loan amount. It can be range from Rs. 1,500,000 to Rs. 50,000,000

r is the rate of interest per month. Current rate for DHFL home loan is 8.60%, which is linked to DHFL PLR

n is the tenure of loan duration in month. For DHFL, this can be 360 months

Features and Benefits of DHFL Home Loans with CreditNation

DHFL Home Loan Amount:

Avail a Home Loan of up to `500,00,000 (min loan amount1 lac) but not exceeding 85% of the cost of property (including stamp duty and registration fees) or 80% of market value, whichever is lower

DHFL Home Loan Tenure & Terms:

The tenure of DHFL Home Loan ranges from 1 to 30 years. The term however doesn’t extend beyond the retirement age or 60 years whichever is earlier (65 years for self-employed individuals)

DHFL Home Loan Purpose:

Avail a DHFL home loan for ready built-up or under construction house/flat purchase

Reduce your EMI :

With tenure of 30 years, you can reduce the EMI amount on your DHFL Home Loan, so that your outgoings every month don’t come in the way of your lifestyle and living standards

DHFL Home Loan Interest Rates:

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

DFHL Home Loan with Easy Repayments:

• You have 2 options for repayment of the loan based on the EMIs payable on your Home Loan:
• Through ECS (Electronic Clearing Service) based on standing instructions to your bank
• Post Dated Cheques(PDCs) drawn on your Savings/Salary account

Home Loan Tax Benefits:

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.

Applicant and Co-Applicant:

Home Loans can be applied by an individual. The loan amount can be further enhanced by including an earning co-applicant.