Home Loan


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DHFL Home Loan


A house door with your name on it is the ultimate dream of any living being. In India, owning your own house is considered as one of the major signs of success. As the average income ratio of Indians is increasing with of globalization and government pay commissions, the desire to buy own house increasing simultaneously. Along with them the price of property is increasing day by day, irrespective of urban and rural areas. Thus it becomes highly impossible for a common man to buy a house only with his or her savings. Realizing this harsh reality, DHFL was founded in 1984 to enable every Indian to buy a house.

DHFL has been working towards the goal of helping Indians to buy their own house with minimum interest rate. DHFL has been very popular amongst middle and lower class Indians living in urban as well as rural parts of India.

A home loan which is also known as housing loan refers to an amount borrowed by consumer/s from a bank or NBFC to buy, construct, repair or renovate a residential property. This borrowed amount or loan is lent on a fixed or flexible tenure and an interest rate on the borrowed amount. The borrower/s are supposed to pay off the principal amount of loan with the interest in the given tenure.

Why should you take a DHFL Home Loan?


The increase in the property rate across the nation (both land and building) has made it impossible for people to buy a home by only using their existing savings. So instead of buying a house by spending every last penny of your savings and living in constant pressure of being financially unsecured, you should definitely take a home loan from DHFL.
Buying a property involves large scale financial transactions. At the time of buying a property, a buyer does not necessarily have the entire amount to his/her disposal. Here DHFL home loan covers the financial gap and helps you for a smooth financial transaction.
Under section 24 of the Income Tax Act, home loans are eligible for tax exemptions. You can claim up to Rs. 1.5 lakh out of the interest component of your DHFL home loan.
Also, if you are staying in the house you got loan for, then you can claim exemption on the principal amount of home loan of up to Rs. 1,00,000.
DHFL finance you up to 80%-85% of the original house purchase price. The borrowers are supposed to pay only 10%-15% of remaining amount. This helps to loosen the financial burden on your shoulders. This way you don’t have to spend all your savings purchasing a house.

What are the features and benefits of DHFL Home Loan?


  • DHFL gives home loan for amounts up to Rs. 50 lakh and minimum amount is of Rs. 1 lakh.
  • DHFL gives up to 85% loan amount of the property cost which includes all the stamp duty and processing fees.
  • DHFL offers home loan for tenures as long as 30 years.
  • A DHFL home loan can be taken to purchase an under construction property or to buy a ready built up property.
  • The borrowers can reduce their EMIs in 30 year tenure without straining their regular expenses.
  • DHFL charges interest rate as per it’s RPLR i.e. Retail Prime Lending Rate. It changes time to time as per market conditions. But the overall interest rate starts from 8.35%*.
  • DHFL charges processing fees of minimum 1.5%* plus government taxes.
  • DHFL offers two options to repay the loan: EMIs (equated monthly installments) and PDCs (post dated cheques).
  • The borrower can apply for DHFL home loan as an individual and also by having a co-applicant.

What are the Eligibility Criteria to avail a DHFL Home Loan?


  • To determine whether you are eligible to get a DHFL home loan or not, there are various criteria involved. Such as income, employment status, loan tenure etc. The detailed eligibility criteria are below:
  • Any consumer who has a regular and steady source of income can get a DHFL home loan.
  • Irrespective of consumer's profession (salaried, self-employed or business person) he/she can get a DHFL home loan.
  • The consumer, who wants to apply for home loan, should be of minimum 21 years old. Whereas the repayments has to be done by the age of 60, maximum 65.
  • Applicant's savings history with bank plays an important role in approval of the loan.
  • If you have a bad credit history, especially before 3 months of applying for home loan, it can become a large hurdle in accessing the loan.
  • If you have a bad credit history, especially before 3 months of applying for home loan, it can become a large hurdle in accessing the loan.
  • The applicant also has to give the proof of current residence. He or she should be staying at the current residence for at least a year. As it will be seen as a proof of stability with along with employment and financial.
  • Applicant needs to have a good credit score.
  • DHFL also checks the repayment capacity, income stability, number of dependents, assets, savings habit and educational qualifications of the borrower before approving the loan.

What are the Documents Required to avail a Home Loan?


The process of getting a DHFL home loan can be made easier if you know exactly what documents you need to submit with your application. The documents are filed according to the eligibility criteria. The list of required documents is below:

  • The list of required documents differs from bank to bank. But we have given a generic list of required documents below:
  • Neatly signed and filled home loan application form
  • Passport-size photographs
  • Statements of investments (if any)
  • Copy of plan approved for the proposed construction/extension (in case of applying for home loan for extension)
  • Cost estimation or valuation report from the DHFL's panel CA
  • Allotment letter of housing board/NOC of the society/builder etc.
  • Bank statements and salary slips of last 6 months from application date
  • Identity and signature proof - Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
  • Address Proof - Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/electricity/water/credit card bill or Property tax.
  • Age Proof - Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Passport, Aadhar Card, pension payment order or receipt of LIC policy.
  • Valuation/cost estimation report from evaluator approved by the NBFC or Bank
  • Property papers with OC and CC
  • Additional Documents to be submitted by salaried applicants:
  • Salary certificate from the employer (original).
  • Copy of ITR or Form 16 for last 2 years.
  • Additional Documents to be submitted by Non-Salaried/Self-Employed/Professionals/Other
  • Copy of challans proving that Advance Income Tax has been paid.
  • Copy of ITR/Assessment Orders of 3 years.
  • Business proof (registration of business)
  • Bank statements of last one year

Why Choose Ruloans To Apply For Home Loan?


Ruloans is India's fastest growing financial distributors. A comprised team with mammoth experience in finance and internally developed highly proficient Loan Calculator algorithm, we are pledged to offer solutions to all your financial needs. Borrowers can apply for home loans with Ruloans’ latest online application process. You can choose from a plethora of banks and NBFCs on our website for your loan. We help you borrow right.

Hassle free process

We have developed an efficient, smooth and easy process for our consumers to get a home loan. Our easy to use online procedure allows consumers to apply documents quickly. Our highly proficient Loan Calculator also guides the consumers to embark on a hassle free process.

Benefits of applying with us

We value our consumers and are always on our toes to give them benefits of our expertise. Applying for a home loan with us, gives you a chance to avail the best offers and deals from our partner banks and NBFCs.

Compare your loan options

You can compare interest rates, offers and services on our online portal. This will guide you to make the right choice and choose the right lender for your home loan as per your budget and expectations.

Free expert guidance and advice

Our financial experts are always ready to give you the perfect advice. These highly trained professionals in finance know the back and forth of the industry. Our dedicated team of experts will help you at any given time, to choose the right home loan, without charging a dime.

Privacy policy

We, at Ruloans understand the value of your documents and keeping them safe and private. Your loan applications are processed electronically with complete privacy and transparency.

How to Apply For a DHFL Home Loan on Ruloans?


  • How to Apply For a DHFL Home Loan on Ruloans?
  • Step 1: Go to the 'Home Loan' menu on our website and click on 'DHFL Home Loan' From there click on 'Apply Now' box.
  • Step 2: Fill out the initial personal and financial information. Once completed, our loan calculator checks your eligibility with its highly efficient algorithm.
  • Step 3: Our loan calculator presents you the interest rates, required document list etc. of DHFL.
  • Step 4: You can start filling up the form and upload the required documents. Here, if needed, you can call or mail our experts for advice. The contact details are given on our website.
  • Step 5: Your application will be sent electronically to DHFL. You will be informed about the status of your application via SMS, email or you can track it via website too.

Frequently Ask Questions


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