DHFL DHFL

HOME LOANS

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


Features and Benefits of DHFL Home Loans with CreditNation

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

Tenure & Term:

The tenure of 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)

Purpose:

Avail a 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 Home Loan, so that your outgoings every month don’t come in the way of your lifestyle and living standards

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

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.

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

DOCUMENTATION

DOCUMENTATION

Sr. No. Document Name
1. KYC Documents
2. Salary slip for the last 2 months / Salary Certificate (If variable components like Over Time and Incentives are reflected then salary slips for the past 6 months are required)
3. Latest Form – 16 if salary above `20000/- per month
4. Copy of all bank pass books / bank statements for the past 3 months including front page
5. Company profile if it is a lesser known organization


Note: Original documents are required for verification purpose only

List of Documents required for Self – Employed Businessmen


Sr.No. DOCUMENTATION
1. KYC Documents
2. KYC Copy of last 2 years Income Tax Returns of the applicant along with computation of income duly attested by a Chartered Accountant
3. Copy of last 2 Years Balance Sheet and Profit & Loss Account of the firm duly attested by a Chartered Accountant
4. Brief Business Profile on the Letter Head of the firm by the applicant
5. Bank Statement for the last 6 months for the Savings Account & Current Account, O/D Account
6. Copy of either Shop & Establishment License / VAT Registration or any other mandatory license / registration or old ITRs evidencing business
7. Copy of the Partnership Deed, Memorandum of Associations, Articles of Association (if applicable)
8. Copy of Tax Deduction Certificate / Form – 16A (if applicable)
9. Details of Contract (if applicable)
10. Copy of Advance Tax paid / Self Assessment Tax paid challan


Note: Original documents are required for verification purpose only

LOAN AGAINST PROPERTY

Don’t let your property idle. Make it work for you. Get a loan against property you own, through CreditNation Loan against Property services and use money for any purpose: acquiring an asset, business needs, etc.
We give two variants of Loan against Property -
A) Loan against Residential Property/ Plot
B) Loan against Commercial Property/ Plot

  • Eligibility –DHFL mortgage loans can be availed by Salaried, Self Employed Professionals and Self Employed Non-Professionals on CreditNation
  • Purpose – For meeting personal needs like, acquiring asset, education needs, marriage, personal travel, etc against the mortgage of residential property/ plot acceptable to us
  • Tenure –Loan tenure of from 1 year to 15 years
  • Eligibility –DHFL mortgage loans can be availed by Salaried, Self Employed Professionals and Self Employed Non-Professionals on CreditNation
  • Balance Transfer your existing loans with an additional loan amount
  • Maximum Loan Amount