If you can dream a home, you can own it with CreditNation! 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. CreditNation believes that when it comes to own a home, nothing should come in the way.
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
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)
Avail a DHFL home loan for ready built-up or under construction house/flat purchase
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
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
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.
Home Loans can be applied by an individual. The loan amount can be further enhanced by including an earning co-applicant.
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:
|Sr. No.||Document Name|
|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|
|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|