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The simplest way to determine the eligibility of the home loan and its EMI is to make use of the Calculator available on Urban Money’s website. It’s a free online tool that lets you plan your loan in a clearer and more efficient way. The age of the individual applying for the loan must be between 21 years and 70 years. He says, 'SwitchMe has worked very genuinely and I know I will reap the benefits in the long run. It has reduced my headache since I was stuck with DHFL for a long time'. If you are selling your property to another person, you need to transfer your Home Loan balance as well.
Also, you get to avail a Home Loan Balance Transfer & Top-up Loan up to 100% of the original sanction amount, if you switch your loan to ICICI Bank. A Home Loan Balance Transfer facility is available to anyone who has an existing Home Loan, with any bank. Any resident Indian can apply for the loan, whether you’re a salaried, self-employed or a business person. Taking advantage of a lower interest rate is one of the reasons why you may be tempted to opt for the transfer of your Home Loan. However, there are many Balance Transfer benefits offered by ICICI Bank, to help you settle your outstanding loan balance easily, without worrying about finances.
Application Status
We have a network of + branches, sales teams and processing centers across the country to cater to the housing loan requirements of individual customers. Please locate us and contact us for your home loan requirements. Under Section 80C of the Income Tax Act, 1961, you can claim up to ₹1.5 lakhs on the registration cost, stamp duty charges and principal amount of the housing loan.
If you want to know the application status of your DHFL home loan, it is absolutely easy to know the same. You just need to login to the site with your user id and password, and by doing so, you can easily track or know the current status of your home loan application. The duly filled application form is to be accompanied by all the relevant documents and submitted to the concerned loan officer. However, it is advised in the good interest of the applicant that he should keep multiple copies of the relevant documents and also of the application form.
For Self Employed Non Professionals
You can also avail instant top up loan facility during balance transfer. As per the guidelines set by NHB the Interest rate applicable is based on the Retail Prime Lending Rate which varies from time to time. The importance of this is that customers will know how much EMI is remaining and how much they will have to pay for the rest of the home loan if they transfer to DHFL.
Home loan EMI that fits your pocket To make paying your home loan all the more convenient, we also offer you the choice to opt for a floating or a fixed interest rate when you opt for a home loan. With a loan up to 90% of the purchase price, you stand so much closer to turning your dream into a reality. By clicking "Proceed" button, you will be redirected to the resources located on servers maintained and operated by third parties. SBI doesnt take any responsibility for the images, pictures, plan, layout, size, cost, materials shown in the site.
DHFL Home Loan Balance Transfer Eligibility Criteria
Under Section 80C of the Income Tax Act, 1961, you can claim up to INR 1.5 lakhs on the principal amount, registration cost and the stamp duty charges of the housing loan. If you are employed in an MNC or an organisation with a good reputation in the industry, DHFL will easily approve and disburse your home loan. The NBFC might charge lower interest rates if you have a better credit score and history. You are eligible for tax benefits on the principal and interest components of your balance transfer loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan. Below is the table showing the interest rate, maximum loan amount and the tenure available for home loans at DHFL.
Once logged on to the website, the applicant has to select the home loan he wishes to apply for. After selecting the relevant home loan type, the applicant is redirected to a new page which holds all the necessary information regarding the loan process. Apart from all the mentioned benefits, DHFL Home Loans make you eligible for certain tax benefits as per the prevailing Indian Tax laws. This, in the long run, enables a person to save more money by claiming deductions in income tax, against the principal and repaid interest amount. These factors play a vital role in deciding whether the lender will process the loan application or not. For availing DHFL Home Loan, you must be salaried or self – employed.
While this depends on several criteria, the loan amount that can be availed is between Rs.20 lakh to Rs.10 crore. Income of siblings can be clubbed for the home loan if they are co-owners of the property. Piramal home loan can be availed by both salaried as well as self-employed people as well. If you are looking at a long repayment tenure, even a small rise in the interest rate can drastically increase your repayment amount.
Have a look at the table below to know how DHFL compares with other lenders. Letter issued by the National Population Register containing details of photo/name and address. I hereby appoint UrbanMoney as my authorised representative to receive my credit information from Experian. Pay your bills, shop online and make payment to any merchant unified payments interface ID easily and instantly. Delayed payment of interest or EMI shall render the customer liable to pay additional interest up to 24% per annum.
CreditMantri was created to help you take charge of your credit health and help you make better borrowing decisions. If you are looking for credit, we will make sure you find it, and ensure that it is the best possible match for you. We enable you to obtain your credit score instantly, online, real time.
Thinking of taking a loan may seem daunting and even if you decide to go through the process to get yourself your own house but there is one thing more which needs to be taken care of – Trust. The applicant is free to apply for the loan by either visiting DHFL’s branch office or logging on to the official website of the company. With DHFL’s comprehensive and easy to apply loan process anyone can apply for a home loan swiftly. However, applicants are highly advised to make a decision regarding the property they wish to purchase and also acquire required approvals for the same. It is due to these unparalleled benefits that a large number of Non – resident Indians prefer DHFL as their loan providers. DHFL home loans do not finance the entire property value and are subject to the value of property in the market.
Be it a competition or home loans, eligibility is the first challenge that one needs to overcome. DHFL offers home loans at flexible eligibility criteria so that when you decide to build your dream home, money does not come in the way. Apply for Home Loan Balance Transfer online instantly and get lower interest rate starting at 6.45% p.a.
The maximum period of repayment of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan. For all other Home Loan products, the maximum repayment period shall be up to 20 years. You can avail the loan to buy non-agricultural land situated within Municipal/Local development authority limit. The loan is offered for a minimum tenure of 1 year to the maximum period of 20 years.
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