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.