Five Things That Make DHFL Home Loan an Ideal Option!

DHFL is one of the pioneers in the housing finance sectors and is known for its attractive home loan options. It offers home loan for a variety of purposes from buying a brand new house to under-construction house to buying a resale property. It is the bridge to connect you to your dream house. It is one of the Non-Banking Financial Companies(NBFCs) in India that provides home loans at such convenient interest rates. Since its inception it has put its blinders on to serve its objective - enable access to housing finance to lower and middle income groups. Let’s explore the things that make the DHFL home loan an attractive home loan option.

Interest Rates: At the moment where banks & other NBFCs are providing sky-kissing interest rates, DHFL Home Loan Interest Rates that start from 9.75% come as an affordable option. The lender gives its customers the choice to opt between fixed rate of interest or flexible rate of interest. However, you end up paying more interest if you go with the fixed rate of interest because its immobile nature. Whereas, floating rate of interest depends on the market and has the ability to go down by certain percentage over time.

High Tenure: DHFL Home Loan takes the lead in terms of giving higher tenure home loans as compared to other NBFCs and commercial banks. DHFL provides you a maximum loan upto a tenure of 30 years. You can take it nice and slow with the DHFL home loan. You can pay your EMIs easily and need not worry about cutting down on your regular life with this attractive loan option.

High Loan Amount: Whether for your home construction you need a big loan or a small loan, the DHFL Home Loan accommodates both your needs. It offers a home loan starting from INR 1,00,000 to 5,00,00,000. However, the loan amount that you will get is determined by your annual income, CIBIL score and your ability to repay the loan amount. In order to procure higher loans, keep in mind the aforementioned factors. Adding a co-applicant in your application form can help you get higher loan amounts.

Various Types of Loans: DHFL has designed various loans to suit different purposes. From constructing a new house to buying a new land to renovating your house, the DHFL home loan has a tailor made loan for every purpose. You can choose from the following options based on your needs: New Home Loans, Plot Loans, Home Renovation Loans, Pradhan Mantri Awas Yojna, Plot & Construction Loans, NRI Home Loans, Home Construction Loans, Home Extension Loans and Home Renovation Loans.

Tax Benefits: Besides such exciting benefits, you also get the opportunity to save taxes on your home loans. The DHFL Home loan makes you eligible for tax benefits as per the current laws. According to the current law, you can get an exemption upto INR 2,00,000 for the interest amount paid in the financial year and upto INR 1,50,000 for the principal amount repaid in the same year (under section 80 C).