Dhfl Loan Against Property

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DHFL Loan Against Property in India

Dewan Housing Finance Corporation Limited (DHFL) is a leading housing finance company providing Loan against property (LAP) to salaried and self-employed individuals, self-employed professionals and businesses. DHFL LAP can be availed against mortgage of residential and commercial properties for a maximum tenure of 15 years. Below are the key benefits of DHFL LAP:

• Loan against residential and commercial properties- including plot and built-up structure.
• New loan as well as balance transfer plus top-up facility available.
• No prepayment charges for salaried and self-employed individual borrowers.
• Maximum loan amount up to Rs. 10crores.

DHFL Loan Against Property Interest Rates
Updated on 18 Sep 2024

DHFL LAP Interest Rates

Self-Employed Individuals Borrowers

Firms & Companies as applicant/co-applicant

1.00 to 1.50% + GST

1.00 to 1.50% + GST

1.00 to 1.50% + GST

Nil with variable interest rates after 12 months

Nil with variable interest rates after 12 months

Nil with variable interest rates

Nil with variable interest rates

Late payment Fees

Dewan Housing Finance Corporation Limited Mortgage Loan Eligibility Criteria

DHFL Loan Against Property Eligibility Criteria for Salaried Borrowers

DHFL Mortgage Loan Criteria for Salaried Individuals

Details LAP Criteria

Salaried Individuals working

• MNCs operating in India
• Indian Private sector companies
• PSUs

Minimum & Maximum Age

21 and 60 years

Net monthly income Required

Minimum working experience

CIBIL Score required

Minimum Eligible Loan Amount

Eligible Property Type

• Residential Property- Self-occupied, Vacant or rented- ready apartment/row house/ bungalow/ plot
• Commercial Property- rented/vacant- shop/office/plot

Income Tax Returns

Applicant/s should be filling ITR

Applicants should have valid KYC documents- Aadhaar Card, PAN Card etc.

Active saving bank account and salary should be credited in Bank account

DHFL Loan Against Property Eligibility Criteria for Self-Employed Borrowers

• ICICI Bank Home Loan
• SBI Home Loan
• HDFC Home Loan
• Axis Bank Home Loan
• Standard Chartered Bank Home Loan
• Kotak Mahindra Bank Home Loan

DHFL Mortgage Loan Criteria for Self-Employed Borrowers

Details LAP Criteria

Self-Employed individuals, Firms and Companies

• Proprietorship Firms,
• Partnership and
• LLP Firms,
• Private Limited and Limited Companies

Type of Business (profile)

• Traders
• Manufacturers
• Service Providers
• Consultants
• Limited companies

Minimum and maximum age of Director/partners/promoters

21 and 65 years

Rs. 2.50 Lakhs/year

CIBIL Score required

Minimum Eligible Loan Amount

Maximum eligible loan amount

Eligible Property Type

• Residential Property- Self-occupied, Vacant or rented- ready apartment/row house/ bungalow/ plot
• Commercial Property- rented/vacant- shop/office/plot

Income Tax Returns

Applicants should be filling ITR

Applicants should have valid KYC documents- Aadhaar Card, PAN Card etc.

Active Business Account

DHFL Loan Against Residential Property Benefits & Features

• LAP Interest Rates
• LAP EMI Calculator
• LAP Eligibility
• LAP documents required
• State Bank of India Loan Against Property
• ICICI Bank Loan Against Property
• Kotak Mahindra Bank Loan Against Property
• Loan Against Residential Property
• Loan Against Commercial Property

• Resident Indians: Residential LAP scheme is applicable only for resident Indians.
• Loan to Individuals: Self-employed business owners, self-employed professionals, Salaried and businesses.
• Loan to Firms Companies: Firms, listed/unlisted companies
• Loan Tenure: up to 15 years
• Floating Interest Rate: in the range of 10.50 to 12.50 percent monthly reducing.
• Processing Fees: From 1 to 1.50 percent of the loan amount plus GST as applicable.
• Loan Amount: Minimum Rs. 15 lakhs and maximum Rs. 10 Crores
• Foreclosure Charges for Individual borrowers: After 12 months of the loan disbursal, DHFL does not charge pre-payment penalty on mortgage loans given to individual borrowers with variable interest rate.
• LTV: Loan to valuation ratio can go up to 70 percent of current market valuation.
• Loan Repayment: Equated monthly installments to be paid by using instruments ECS or PDCs.
• Loan Against Residential Property: Offers a mortgage loan against residential property, it can be owned by any of the applicant/s and can be self-occupied by any of the borrowers, vacant or rented. DHFL offers highest loan to valuation ratio (LTV) if the property is occupied by the loan applicant/s and its lower for a vacant or rented properties. The lender offers up to 70 percent LTV on loan against residential property.
• Equitable Mortgage: For all the LAP loans with available title and ownership documents the NBFC provides mortgage loan by equitable mortgage of the property offered as collateral wherein the lender disburse the loan by taking custody of the original title documents of the property and obtaining all borrowers and property owners signature on its loan agreement/s but it does not register the loan agreement to a registrar id all the property documents are available. As an exception based on its impaneled legal advisors of the lender may ask for a registered mortgage.
• Age of the property: Should not be over 40 years
• Stamping or Mortgage Charges: varies in different states and the same goes to the state governments where the loan agreement is been signed and property is located.

DHFL Loan Against Commercial Property Benefits & Features

• Resident Indians: applicable only for resident Indians
• Acceptable Properties: Commercial plots, shops, show rooms etc.
• Property Ownership: applicant/s or business entity
• Loan to Individuals & Businesses: Self-employed business owners, self-employed professionals, Salaried and businesses.
• Loan Tenure: up to 15 years
• Floating Interest Rate: in the range of 10.50 to 12.50 percent monthly reducing.
• Processing Fees: From 1 to 1.50 percent of the loan amount plus GST as applicable.
• Loan Amount: Minimum Rs. 15 lakhs and maximum Rs. 10 Crores
• LTV: Loan to valuation ratio can go up to 60 percent of current market valuation.

DHFL Provides Mortgage Loan against following types of properties

• Residential- self-occupied, vacant or rented bungalow/plots/row houses/flats
• Commercial- self-occupied, vacant, rented shops/ offices/show rooms
• Lease discounting- on commercial and industrial property
• Commercial property purchase loan- shops, offices and show rooms

DHFL Mortgage Loan Can be used for below purposes

• Business expansion
• Loan consolidation
• Purchasing property
• Meeting working capital needs
• Medical expenses in family
• Education or wedding in family and
• Others

DHFL Commercial Property Purchase Loan

Firms, companies or individuals purchasing a ready commercial property can take a property purchase loan from DHFL below are the features of the same:

• Eligible Borrowers: Salaried, self-employed and a businesses.
• Type of Property: Only ready or resale commercial properties are eligible.
• Low interest rate: in the range of 10.50 to 12.50 percent.
• Tenure: up to 15 years
• Loan amount: from Rs. 15 lakhs to 10 crores
• Processing Fees: 1 to 1.5 percent of the loan amount plus GST as applicable.
• Eligible loan amount: up to 60 to 70 percent of cost of the property

DHFL Lease Rental Discounting Loan (LRD)

DHFL offers lease rental discounting(LRD) loans to salaried, self-employed borrowers and firms/companies with rental income from a reputed lessees or a lessees with healthy balance sheet. Under Lease rental discounting loans the lender offers a loan by discounting a borrower’s future net rentals to offer a term loan. The loan amount in LRD scheme can go up to ninety times of net monthly rentals, subject to the expiry clauses of lease agreement. It offers a lease discount loan against commercial and industrial properties leased for over 1 year with renewable clause in the rental agreement.

Benefits of DHFL Lease Rental Discounting Loan

• Type of property: Commercial shops and offices, showrooms and industrial properties like warehouse and manufacturing units.
• LRD EMI: DHFL restrict EMI to 90 percent of the net monthly rental/s.
• Monthly Rental to be deposited in an DHFL partnering Banks escrow account.
• Tenure: up to 15 years, depending on lease term of the rented property
• Loan amount: Rs. 50 Lakhs to Rs. 10 Crores
• Processing fees: 1.5 percent of the loan amount plus GST as applicable.

DHFL Loan Against Property Advantages

• Higher loan to valuation ratio against property
• Hassle free services through its network of branches
• Option of debt consolidation
• Loan for multiple purposes
• Loan against all type of properties
• Highest tenure in the industry
• Higher loan amount

DHFL Loan Against Property Balance Transfer

DHFL offers mortgage loan balance transfer facility (LAP Transfer) to borrowers having a loan with other lenders with one of the lowest interest rate, processing fees and higher tenure to the customers transferring their mortgage loan to DHFL. Below are the features:

• Option to consolidate your multiple loans by balance transferring to DHFL
• Option to revise or increase the tenure of loan to 15 years to reduce your EMI substantially
• Higher LTV helps you to get higher loan amount
• Provides you an option to take top-up when you transfer your LAP loan to them
• Higher loan amount against net monthly income
• Lower interest rate
• Simple and transparent process

Check Mortgage Loan Eligibility

DHFL Loan Against Property Application Process

• By visiting iServefinancial.com
• By visiting branches of the lender spread across the cities
• By visiting website of DHFL
• Filling up simple loan application form of the lender, should be submitted with photographs and signature of applicants/co-applicants along with required financial statements, KYC documents and copy of property documents.

Check Mortgage Loan EMI

DHFL LAP Loan Process and Time Required to Sanction the Loan

• CIBIL score of applicant/s
• Analysis of financial statements including ITR, Balance sheet etc. and income verification. on the basis of the same it arrives into your loan eligibility. Bank statements verifications
• Address verifications both residence and office
• Valuation of the property by its approved valuers.
• Legal search and verification of ownership documents of the property offered as collateral by its panel of advocates.
• After sanction of the loan the lender takes another 3-5 days-time to execute the loan disbursal formalities
• Entire process takes 15 to 45 days- time from submission of loan application to disbursal of loan in your account.

DHFL Loan Against Property Top- Up Loan for Existing borrowers

• Offers Top-Up loans to its existing home loan and LAP borrowers and to those balance transferring their loan to DHFL from any other bank.
• Minimum loan amount Rs. 2 Lakhs
• Option to revise tenure of loan, tenure up to 15 years
• Top-up loan for multiple end uses like house renovation, business expansion and others
• Against existing housing loan and or non-housing loans
• You can apply for a Top-up loan by requesting at iservefinancial.com or by visiting any of the branch of DHFL limited.

DHFL Loan Against Property Eligibility Calculator

DHFL Loan eligibility calculator is a financial tool that helps a borrower to know his/her mortgage LAP loan eligibility for DHFL limited. To calculate and check loan eligibility using the calculator a borrower need to provide his net monthly income, Age and other loan obligation. Loan eligibility calculator provides you the loan amount you are eligible to take along with the interest rate, EMI, loan amount and tenure of the loan. It’s advisable to check your loan eligibility before applying for a LAP.

DHFL Loan Against Property EMI Calculator

It’s a financial tool that assists a borrower to calculate EMI (Equated monthly Installment) on a proposed or existing LAP loan. To check the EMI an user have to provide loan amount, rate of interest chargeable and applicable tenure to calculate the DHFL Loan against property EMI. Knowing your EMI before taking a loan helps you to plan your monthly budget.

DHFL Loan Against Property Documents Requirement

Documents Required for Self-employed borrower:

• Completely filled loan application form of DHFL mortgage loan with photographs and signature of applicant/s.
• Photo identity, signature and age proof- Pan Card/Aadhaar Card/driving license/passport.
• MOA&AA, Partnership deed, LLP agreement as applicable
• Proof of Business: GST registration/ VAT registration, shop act etc.
• Latest 3 years Financial statements including Audited report (Balance sheet, profit and loss account, tax audit report and all schedules of balance sheet) computation of Income and Income Tax return.
• Bank statements of all business accounts for latest 1 year.
• Latest 3 years Financial statements including computation of Income and Income Tax return of all partners/directors as applicable(for partnership/LLP/private limited companies).
• Latest 1 years bank statements of all partners/directors as applicable(for partnership/LLP/private limited companies)
• Loan details/sanction letters for all running loans.

Documents Required for Salaried Borrowers:

• Completely filled loan application form of DHFL mortgage loan with photographs and signature of applicant/s.
• Photo identity, signature and age proof- Pan Card/Aadhaar Card/driving license/passport.
• Latest 3 months’ salary slips,
• Latest ITR 3 years ITR
• Latest 1 year bank statements of salary account
• Details of all the running loans

Property Documents:

• Registered Sale deed/Agreement to sell/Lease deed/ Conveyance deed (as applicable) of the property to be mortgaged with Index II and registration receipt.
• Previous owners Sale deed/Agreement to sell/Lease deed/ Conveyance deed (as applicable) with Index II and registration receipt
• Property Tax paid receipt
• Approved Sanction plan for the property issued by a competent authority
• Building completion certificate issued by a competent authority
• NA Order
• Other documents

Frequently Asked Questions DHFL Loan Against Property

• What is DHFL Loan against property Interest Rate?
  - DHFL is currently offering interest rate of 10.5 percent to 12.50 percent on LAP loan.
• Why Choose DHFL Mortgage Loan?
  - DHFL offers one of the lowest interest rate of interest for mortgage loans and provides one of the best pre and post sales services in the industry with the help of its branch network. DHFL also offers highest tenure for self-employed and salaried category of borrowers.
• What type of properties DHFL can take as collateral security for a Loan Against Property or LAP loan?
  - DHFL offers a LAP loan against a residential and commercial and industrial properties.
• What is the minimum loan amount DHFL offers under mortgage loan?
  - DHFL offers a minimum loan amount of Rs. 15 Lakhs and maximum loan amount up to Rs. 10 crores.
• What is the maximum loan tenure DHFL offers for a Loan against property ?
  - 15 years.
• What is the processing fees DHFL charges for a LAP loan?
  - 1 percent of the loan amount.
• What are the documents required to apply for DHFL Loan against property?
  - Three types of documents required to apply for an DHFL mortgage loan- KYC documents, Financial documents and property documents
  • KYC Documents- photo identity proof, residence address proof, office address proof, to meet these requirements a borrower can provide Aadhaar Card, PAN Card, shop and establishment certificate etc.
  • Financial document for self-employed borrowers- Audited report, ITR, Balance sheet for latest 3 financial years, banks statements of all the accounts for last 1 year, business profile etc.
    Financial document for salaried borrowers – latest 3 month’s salary slips, latest 2 years ITR, bank statement of salary account for 1 years and details of all the loans.
  • Copy of property documents

  Loan Against Property Dhfl News & Updates As it Happens

  DHFL Officially Forecasted Growth of 30% in Home Loans for this Fiscal

  30 November 2017:DHFL (Dewan Housing Finance Limited) has officially forecasted growth of 30% in home loans for this present fiscal. DHFL feels that most of this growth in home loans will be majorly spurred by the smaller towns and cities in India. The Central Government has given a strong push to affordable housing through a slew of measures like infrastructure status, input credit for developers and interest subsidies under the PMAY (Pradhan Mantri Awas Yojana). The company remains positive about achieving 30% growth and this is an indicator of the strong demand for affordable housing in India. DHFL posted net profits of 26.1% for the quarter ending in September 2017. Net profits stood at Rs.293.3 crore with AUM (assets under management) witnessing the growth of 25.1%, touching Rs. 94, 089 crore for the quarter.

  DHFL has raised Rs 125 crore by allotting NCDs

  27 July 2017:Home loan firm Dewan Housing Finance has raised Rs. 125 crore by issuing non-convertible Debentures (NCDs). The company has announced earlier that it is going to issue secured redeemable NCDs amounting to Rs 100 crore. "The Members of the Finance Committee of the Board of Directors have at their meeting held today allotted 1,250 secured, redeemable, non-convertible debentures of face value Rs 10 lakh each ('NCDs'), aggregating to Rs 125 crore," the lender said in a BSE filing. The housing firm last week reported a 29% rise in net profit for the quarter ended June and reported a 27% rise in net profit for the entire 2016-17 compared to the previous financial year.

  DHFL reported a rise in profit by 29% in the first quarter.

  22 July 2017:Dewan Housing Finance Corporation reported a rise in profit by 29% in the first quarter of the year ended 30th June, 2017 as against Rs.201 crore during the same period last year. The total income from operations also increased to Rs.2407 crore in the June quarter from Rs.1955 Crore in June last year as said in a Bombay Stock Exchange. Home loan sanctioned by the company during the June quarter which also increased by 23% to Rs.10862 crore against Rs.8800 crore in the same period last year. Disbursement also increased to 33% to Rs.8236 Crore. The company has also reported an increase in net profit by 27%. It increased to Rs.927 Crore for the year 2016-17 compared to Rs.729 Crore in the previous financial year. It claimed an income of Rs.8857 Crore for the last financial year compared to Rs.7300 a year ago.

  DHFL Expects 30% Disbursement Growth in Andhra Pradesh, Telangana

  24th January 2017: Dewan Housing Finance Limited (DHFL) is expecting an increase of 30% in home loan requirements in Andhra Pradesh and Telangana owing to initiatives like ‘Housing for All by 2022’ and Smart City projects. With rapid urbanization, DHFL expects to increase its loan book size by 30%, which currently accounts for Rs. 16,000 crore of the market in Andhra Pradesh and Telangana. The loan size averages at 13.92 lakh for Telangana and Rs 11.85 lakh for Andhra Pradesh.