DHFL

Company information
DHFL (Dewan Housing Finance Corporation Limited) was founded in 1984 by
Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to
the lower and middle income segment of the society.

Today, DHFL is the second largest housing finance company in the private
sector in India and has a network of 50 branches, 104 service locations & 1
Representative office catering to the semi-urban and rural belts of India. DHFL
has, over the period, evolved into a total home finance solutions provider catering
to the diverse needs of the home buyers. DHFL has a large portfolio of products
catering to the needs of its customers. The company offers products such as
Home loan, Home extension loan, Home improvement loan, NRI loan, Plot loan,
Mortgage loan Leased Rental Finance, Aashray deposit, and Non-residential
Property loan.

DHFL has been continuously introducing new products and variants for its
customers. The company recently introduced the Progressive (step Up) EMI
scheme to enable borrowers of certain income profiles to avail higher quantum of
loan. The company also introduced a home loan linked insurance policy called
‘Amar Chhaya’ in association with SBI Life.

The company has received AA+ credit rating by CARE for its long term paper
and AA rating from FITCH for fixed deposit schemes. The company has also
received rating of P1+ for its short term paper from CRISIL and AAA (SO) rating
from CARE and FITCH for its securitization programme.

A Home is the most important asset you desire and dream to own....

DHFL assists you in fulfilling this cherished dream.

DHFL Home Loans are offered to Individuals, Co-operative Societies, Corporate

bodies and Associations of Persons.
The home loan seeker can avail loans upto Rs. 100,00,000/- but not exceeding
85% of the cost of the property. The actual loan amount is determined after
taking into account factors like repayment capacity, age, educational
qualifications, stability and continuity of income, number of dependents, co-
applicant's income, assets, liabilities, saving habits etc. The tenure of the loan
ranges from 1 to 20 years. The term however does not extend beyond the
retirement age or 60 years whichever is earlier (65 years for self employed
individuals). The size of the EMI depends on the quantum of loan, interest rate
applicable and tenure of loan.

DHFL has a Regressive Payment Scheme meant for home loan seekers who are
due for retirement within the term of the loan and have applied jointly with an
eligible younger co-applicant.

Prepayment of the loan, ahead of the contracted schedule in part or full, is

permitted subject to payment of nominal fees / charges as stipulated by DHFL
from time to time.

More reasons to choose us :

Sampoorna Rakshak

Sampoorna Rakshak is a triple protection insurance plan designed specially for

the customers of DHFL. This unique insurance plan has been arranged in
association with Cholamandalam MS General Insurance Comapany Limited
(Chola Insurance). This plan provides insurance cover for damage caused to
property due to natural disasters/calamities, personal accident and loss of job.

The plan covers your home for losses due to Fire, Lightning, Earthquake, Impact
damage, Explosion & Implosion, Aircraft Damage, Bush Fire, Riot, strike,
Malicious damage, Missile testing, Subsidence and landslide/rockslide, Leakage
from Automatic Sprinkler Installations, Bursting and/or overflowing of Water
Tanks, Apparatus and Pipes.

DHFL offers Sampoorna Rakshak to its customer FREE of cost.

The borrower is eligible for deduction u/s 80C (2) (xviii) of the Income Tax Act,
1961, for principal repayments upto Rs. 1,00,000/- per annum & u/s 24 (b) of the
Income Tax Act, 1961, for interest payments upto Rs. 1,50,000/- per annum.