Seeking DHFL Home Loan to Buy a House? Check Out Its Interest Rates First
DHFL
is a prominent housing finance company offering loans to help you buy
a house for yourself, wherein you can chill out with your dear ones.
Its loans are customized enough to relieve you from the hassles of
your supposedly rented accommodation. However, as the loan spans for
a period of up to 30 years, you must be careful and choose DHFL Home
Loan after checking the impact of its interest rates on your overall
budget. The article will deliberate on the rates before telling the
effect of the same. Let’s get started.
DHFL
Home Loan Interest Rate 2018
DHFL
Home Loan Interest Rates range from 9.10%-10.55% per annum,
benchmarked to retail prime lending rate (RPLR), which currently
stands at 19.07%. The rates are applied on the basis of the loan
amount, income, repayment potential, credit score, etc. So, if you
are earning more, the repayment potential is likely to be more and
vice-versa. The repayment ability would get further re-assessed in
the wake of any running loan if it is the case. A good credit score
stamps your creditworthiness in front of the lender such as DHFL. So,
the credit behaviour you showcased while paying off the debts would
transpire into the credit score you get assigned by the credit
bureau.
How
Would DHFL Home Loan Interest Rates Impact Your Repayment?
Now
that you know the interest rates on offer, you can compute the impact
of the same checking the DHFL Home Loan EMI Calculator. The
calculator estimates the Equated Monthly Installment (EMI) and the
total interest outgo over the course of a home loan. All that the
calculator requires is you to enter the amount of loan, tenure and
interest rates at their respective space. Once you do that, the
calculator would open out the results with respect to the EMI and
interest. You would also get to know the repayment of interest and
principal on a periodical basis all throughout the tenure you choose
to service the DHFL Home Loan. In addition, the outstanding loan
balance of every year would also be shown through the calculator.
DHFL
Home Loan Login
Once
you are through with all these calculations described above, you can
think of filing a home loan application at DHFL. For that, you need
to pay the processing fee, valuation fee, etc. Loans of up to ₹30
lakhs come with a processing fee of 5,000 plus document charges and
GST as applicable. The processing fee charged to loans more than ₹30
lakhs to ₹75
lakhs amounts to ₹10,000.
The document charges and applicable GST will further apply on the
said loan range. On the other hand, loans more than ₹75
lakhs bear a processing fee of ₹20,000
plus document charges and applicable GST.
DHFL
Home Loan Apply Online
You
can apply for DHFL Home Loan on its website by sharing a few
personal, professional and property details. The housing finance
company would then send technical experts to assess the value of your
property. The value of the property would then determine the loan
amount you can expect to receive. Basically, the loan would be around
75%-90% of the property value.
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