DHFL is one of the leading housing finance companies in the country. Dewan Housing Finance Limited (DHFL) was established by Late Shri Rajesh Kumar Wadhawan. The company aimed at making home owning easier for every Indian. On the 11th of April, 1984, DHFL was founded for enabling easier access to affordable housing finance, particularly for lower and middle income groups in rural and semi-urban parts of the country. DHFL is the second housing finance company to be setup in India but its unique mission of financial inclusion makes it stand out from the competition. DHFL disbursed funds from its equity contribution and had returns of less than 8% in a scenario when interest rates were around 18%. However, DHFL stood the test of time and emerged a winner.

About DHFL Bank

The tagline Changing Rules, Changing Lives is what best characterizes the organization. DHFL is one of the country’s largest housing finance companies and certainly the second largest in the private sector. It is spearheaded by Kapil Wadhawan and remains true to its core mission of making home ownership more accessible for the masses.

DHFL has a team of skilled individuals and hundreds of thousands of customers under its belt, offering unique fixed deposit schemes and home loan products that are tailored to their needs. The portfolio of DHFL services also includes tailor made insurance services. DHFL is based in Mumbai and has a comprehensive network of 349 offices across the length and breadth of India. It also possesses tie-ups with private sector banks like YES Bank, United Bank of India and Dhanlaxmi Bank to provide housing loans to customers through the home loan syndication agreement. DHFL has also established representative offices at London and Dubai to serve ever increasing NRI populations in these regions. The organization has already garnered the CARE AAA rating and BWR AAA rating. DHFL Advisory and Investments Private Limited is a wholly owned subsidiary while there is a joint venture agreement with Prudential Financial Inc in addition to 50% equity in DHFL Pramerica Life Insurance Company Private Limited. This also acts as a corporate agent (life) for DPLI life insurance solutions in the country. There is a joint venture with PGLH of Delaware, Inc. Asset management services are offered to customers as well in addition to mutual fund products.

Mission and Vision

All DHFL financial services are guided by core values such as enabling access to more affordable housing finance, being easily accessible to every Indian who wishes to own a home, speaking the language of customers and understanding their specific needs and requirements and also going the extra mile to help customers. The organization configures its credit policy continually in order to make sure that the maximum number of people can be eligible for loans. It also helps customers overcome difficult situations and believes in a policy of prompt responses to customers.

All customers are treated with respect and dignity while all dealings are done in a transparent manner. There is an emphasis on continual learning and upgradation along with teamwork, technological expertise and single minded commitment towards societal betterment.

DHFL Loans

There are several home loan products offered to customers at DHFL. Here’s taking a look at some of them:

DHFL home loans

Home loans are given up to a maximum of INR 500, 00, 000 while the minimum loan amount is INR 1 lakh. However, this shall not exceed 85% of the value of the property inclusive of registration fees and stamp duty or 80% of the market value whichever is lower. The tenure of home loans ranges between 1-30 years but does not extend beyond the retirement age or 60 years whichever is earlier and 65 years in case of self-employed individuals. Home loans can be taken for purchasing ready built-up or under construction flats/houses. EMI amounts on home loans can be reduced with long tenures as per requirements.

DHFL Home Construction Loans

Tenures for home construction loans range between 1-20 years. The tenure does not extend beyond retirement age which is 60 years and 65 years for professionals and self employed individuals respectively. These loans can be taken for building a house on a plot of land that is owned by you. There are several easy repayment options for customers.

DHFL Plot Loan/Land Loan

If you wish to purchase a plot of land in order to build your dream home in the future, this is the loan tailored for your needs. Tenures range between 1-20 years though the term does not extend beyond retirement age or 60 years (whichever is earlier) for salaried professionals and 65 years for self employed individuals. You can get plot loans on non-agricultural land within municipal/local development authority limits. There are competitive DHFL interest rates along with easy repayment options.

DHFL Loan against property

You can get loans against residential properties or plots and even commercial properties or plots. Mortgage loans can be taken by self-employed professionals, salaried professionals and self employed non professionals. The purpose may be diverse including asset acquisition, marriage, education needs, personal travel and more. You can get loans between INR 15 lakhs and 10 crores while the maximum loan tenure is 15 years. You can get the balance transfer option for existing loans and receive an added loan amount. Doorstep services are also provided to customers along with hassle free documentation. The terms and conditions are similar for loans/plots in the commercial space as well.

DHFL Business loans

When it comes to loans for businesses, there are several specially tailored loans for SMEs including plant and machinery loans, other business loans, medical equipment loans and property term loans among others. All business loan products are expertly tailored to match customer needs to the hilt.

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