DHFL Bank

About Us

DHFL, India’s second largest private housing finance company


DHFL was established by Late Shri Rajesh Kumar Wadhawan (16th April, 1949 – 30th September, 2000), a visionary Indian businessman.
The Founder Chairman observed the sad truth that most Indians couldn’t get a housing loan on fair terms. He believed that owning a home is a critical element to the building of an identity for every Indian. He thus set out on a mission to manage this social need. On April 11, 1984, DHFL was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance Company to be established in the country, however, with a unique mission, which is today benchmarked as a model of FINANCIAL inclusion in the Indian financial services sector.
While most experts lauded Shri Rajesh Kumar Wadhawan’s altruism, they posed pragmatic apprehensions on the possibility of this Vision becoming a reality. However, that did not influence the visionary’s mission. DHFL disbursed FUNDS from its own equity contribution and had a return of less than 8% at a time when interest rates were about 18%. But, what DHFL ascertained was the difference between those who see things as they are and the visionaries who see things as they can be.
DHFL – Changing Rules, Changing Lives
Over 30 years have passed since the Company’s inception and today DHFL stands strong as one of India’s largest housing finance companies (and the second largest in the private sector). Today, led by Mr. Kapil Wadhawan, the Company is still living the Founder’s Dream and enabling access to home ownership. It is profitably doing what its Founder intended it to do.
DHFL takes pride in its purpose-driven team of enthusiastic people who are willing to carry on the Founder’s vision and transform the housing sector in India by providing affordable housing finance.
The Company has encouraged hundreds of thousands of people to make that upward journey by simplifying FINANCIAL access and providing them with the privilege of home loan products, insurance services and unique fixed deposit schemes tailor made to suit their needs.
Based in India’s commercial capital Mumbai, DHFL strives continually to reach out to its customers through its extensive network of278 offices spread across the length and breadth of the country, and international representative offices, in Dubai, UAE and London, UK. DHFL also has tie-ups with leading public and private sector banks namely Punjab & Sind Bank, United Bank of India, Central Bank of India and YES bank to provide home loans to customers through a home loan syndication agreement. DHFL has also set up representative offices in London and Dubai to serve the ever increasing NRI population in these regions. It has also tied up with UAE Exchange to OFFER its home loan products through the various UAE Exchange centers in the GEC countries.
DHFL has been assigned a rating ‘CARE AAA (Triple A)’ by CARE and ‘AAA’ by Brickworks for various secured long term debt instruments and CRISIL have assigned ‘CRISIL A1+’ rating for short term debt.
Being Human
Insights that help us and our consumers win
The Founder Chairman had a unique and timeless insight into the character of the majority of Indians who are generally dismissed as high credit risk. They respond unequivocally to trust. They have a very emotional relationship with the idea of their ‘own home.’ To them it isn’t an INVESTMENT; it is a sanctuary, a symbol of who they are and a safe haven for their loved ones. They will not do anything to jeopardize this symbol of security. This insight was the prime motivation behind DHFL’s business philosophy.
Customer Focused Product Innovation
DHFL is renowned for its customer-driven approach to doing business. In doing so it has continually endeavoured to innovate and reach out to a vast majority of the low & middle income group customers. The Company has been continuously introducing new products and variants to suit the needs of these customers. As a value-added product option to housing finance, the Company provides double protection to insure the life and property of customers. (Terms & conditions apply). DHFL in association with leading FINANCIAL Insurers in India OFFERS unique home loan linked insurance plans which could be customized to suit customer requirements. Such plans provide security to the family of the borrower in the unfortunate event of the death of the borrower.
Customer-Focused Credit Policies
Our credit policies are enablers to affordable housing finance. The policies have been designed keeping in mind that customers in the LMI category experience are hesitant to approach a normal bank for housing finance. Our policies work around the regular framework of credit policies and go a few steps further by assessing the customer’s willingness to repay and helping them at every stage of their financial awareness and inclusion journey.
Today, DHFL is the first name that comes to mind for the deserving when they think home loans. They see us as a housing finance Company that has transparent business practices. Since none of our business processes are outsourced, we are able to deliver consistent service and manage customer needs effectively. This has led to long-term and fruitful relationships with customers – relationships we cherish.

Dewan Housing Home Loan

Established in 1984, Dewan Housing Finance Corporation Limited (DHFL) is the second largest housing finance company in the private sector in India. Over the years, DHFL has built up a considerable business portfolio with products such as Home loan, Home extension loan, Home improvement loan, Plot loan, Mortgage Loan Leased Rental Finance and Aashray deposit. DHFL Home Loans are offered to individuals, co-operative societies, corporate bodies and associations of persons. The maximum loan offered by DHFL can go up to Rs 1 crore and the home loan finances up to 85% maximum of the cost of the property. In the following lines, we have provided in detail analyses of DHFL's home loan.
Determining Factors For Loan Amount
• Repayment capacity
• Age
• Educational qualifications
• Stability and continuity of income
• Number of dependents
• Co-applicant's income
• Assets
• Liabilities
• Saving habits

Types Of DHFL Home Loans
• DHFL's Home Improvement Loans are offered to individuals to facilitate renovation and repairing of homes. The tenure of the loan ranges from 1 to 10 years.
• DHFL's Home Extension Loans are offered to individuals, who want to extend the existing accommodation by adding a room/bathroom/kitchen/prayer room. The tenure of the loan ranges from 1 to 20 years.
• NRI Home Loans are offered to Non Resident Indians (NRIs), who wish to purchase, construct, improve or extend their home. The tenure of the loan ranges from 1 to 15 years.
• DHFL's Mortgage Loans are for professionally qualified individuals, who are salaried or self employed. It is given against the mortgage of their residential property. The tenure of the loan ranges from 1 to 7 years.
• DHFL's Non Residential Property Loans (NRPL) is aimed at professionals such as doctors, chartered accountants, architects and solicitors among others. The loans would help them either buy or construct a property to operate their lines of business. The tenure of the loan ranges from 1 to 10 years.

Common Factors In All Home Loans
• The maximum loan offered by DHFL can go up to Rs 1 crore, but not exceeding 85% of the cost of the extension.
• The term however does not extend beyond the retirement age or 60 years whichever is earlier (65 years for the self employed individuals).
• Prepayment of the loan partly or fully, is permitted subject to payment of nominal fees / charges, as stipulated by DHFL.

HOME LOAN FOR SELF EMPLOYED
This is a special type of home loan initiated by DHFL, especially for the self employed. One of the most ignored housing finance communities, self employed are a generally rejected lot, as they have variable monthly income (some months with no income at all) and even if they have the money, they do not have the necessary documentation to prove the same. As such, DHFL has pioneered a process, which facilitates the assessment of income through an independent source, other than the income tax authority.

Eligibility Criteria

• The self employed person should be more than 18 years and less than 65 years of age.
• The applicant is self employed /trader or engaged in service industry.
• The applicant should have been in the same line of business for a minimum period of 5 years or should have inherited the business from parents.
• The applicant should be able to contribute at least 40% of the total sum required.
• Sales Tax Registration or any other registration of business required by statutory authorities / local laws is mandatory.
• The business premises should be owned / inherited.
• Business premises should not be on encroachment land without title to property or deviated in construction from approved plans.

Services and Charges

DHFL ensures that you get the best services on your home loan, please find below the charges applicable on services associated with your home loan:
CERSAI Charges -
At the time of Disbursement : Creation of Charge 500 (for Loans > 5Lacs) ` 250 (for Loans < 5Lacs)
At the time of Modification of Charge ( in case of Top Up) 250/-
At the time of Loan Closure: – Satisfaction of Charge No Charges
Recovery Charges(Legal /Repossession & Incidential Charges) As per actuals
Demand Draft/Pay Order issuance Charges 150/- per lac or actual Bank Charges, whichever is higher
Annual Service Charges for Variable EMI Loan NA
Non Postal Stamp As applicable law of the state
Non-encumbrance Certificate As per actuals
Technical Fee Collected
(for additional property or property situated outside geographic limit or for pre technical) A. Within 60 Kms radius Nil
Beyond 60 kms As per actuals
Cheque/ECS Swapping Charges (per set) 250/-
Duplicate No Dues Certificate 250/-
Copy of Property Papers 500/-
Duplicate Annual Account Statement, Provisional Certificate 250/-
Custodial Fee for keeping Property Documents in Closed Loans 500 per month (post 60 days from loan closure date)
Cash Collection Charges 1% of Cash Collection for `50000/- and above + Service Tax
Loan prepayment/closure (fully) statement charges 500/-
Each Personal Visit to customer’s place for collection of dues 250/- per visit plus applicable service tax
Documents Retrieval and Handling Charges
(Chargeable at the time of handing over security documents on closure of loan) 1000/- for loan upto ` 10 Lacs and ` 2000/ for loan above ` 10 Lacs
Valuation fee in Construction Linked Loan cases 1 visit free. Beyond that to be charged 500/- per visit
Failed RTGS Transaction of FD repayment on account of customer’s faultSuch as wrong account no provided, account closed , name disparity etc 250/- per transaction + ST
ECS Bounce charges in FD repayment / Interest /Brokerage payment due to customer’s fault / error relating to Bank account as above 250/- per transaction + ST
Cheque (tendered for FD) bounce charges 250/- per instrument
DD issuance charges for FD repayment at customer’s request 150/- per lac or Bank charges whichever is higher
Duplicate Fixed Deposit Receipt  
Annual Account Statement, Provisional Certificate No charges
Loan Application Form No charges
No Dues Certificate No charges
Note:
• Service Tax and other taxes, levies etc are applicable as per prevailing rates over and above these charges
• The rates, fees, charges etc as stated herein above are subject to changes / revision from time to time at the sole discretion of DHFL
• CERSAI chargesr are as per Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI)

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CONTACT
9594111161 / 9967111161
ONLINE CONTACT
perfectsolution.helpdesk@gmail.com
ADDRESS
504, 5th Floor Suchita Business Park,
Raigad Chowk, Station Road, Ghatkopar (E), Mumbai 400 077
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