How To Use DHFL Home Loan EMI Calculator in An Efficient Way?

What does an EMI calculator do? It makes your calculation of EMI easier by giving you results in an efficient and faster way compared to the manual calculation. While looking for a home loan to buy your dream home, you must have thought about the monthly installments that you will have to pay over the course of a loan. And if you happen to take the home loan without keeping the EMI amount in your mind, it can cause a hole in your pocket. But with the help of the DHFL Home Loan EMI calculator, you can save yourself from this.

DHFL is one of the leading housing finance companies in India that provides the best of home loan facilities to its customers at attractive interest rates and flexible repayment methods. So if you are worried a bit about the EMI amount calculation, then worry not because, in this article, we will be telling you about everything about the DHFL Home Loan EMI calculator. Keep reading!

What are the details that you’ll need to use the DHFL Home Loan Calculator?

To use this, there are a few details that you must have. These are your desired loan amount, tenure and the rate of interest.  You can have a detailed look at them below.

Desired Loan Amount: The first thing that you need to fill in a calculator is the loan amount that you need. DHFL home loan amount depends on your property value. It’s important to choose this amount according to your repayment capability.

DHFL Home Loan Interest Rates: After filling up the home loan amount, you will have to fill the interest rates in the EMI calculator. Currently, DHFL home loan interest rates range from 9.05% to 9.95% per annum. The rate of interest also depends on various important factors like the applicant’s age, employment type, CIBIL score, etc.

Tenure Period: This is the last thing that you need to fill in the calculator. You can opt for a DHFL home loan for a maximum period of 30 years. It is advisable to choose a shorter tenure, as the interest amount is directly proportional to the tenure period. Higher the tenure period will be, the higher your interest amount will be.

After filling out all the required details, the calculator will give you the EMI amount in a hassle-free manner. This calculator is endlessly flexible, so you can use it for as many times as you want with different sets of values. This  DHFL Home Loan EMI calculator can be used by even a layman.

Apart from calculating the EMI amount, you can also check your eligibility with the help of the DHFL Home Loan eligibility calculator. You just need to fill a few basic details like your monthly income, desired tenure period and rate of interest. The calculator will give you the loan amount that you’re eligible for, and also the EMI amount for that loan amount.

What are the Eligibility Criteria for getting a DHFL Home Loan?

To know the eligibility, you can have a look at the qualifications mentioned below.

• An applicant can be an Indian resident or a Non-Indian resident (NRI).
• The minimum and maximum age can be 21 and 65 years respectively. 
• The loan can be availed by both salaried and self-employed individuals.