Dhfl home loan – interest rate @ 9%, apply dhfl housing loan online gas density conversion


• DHFL home loan processing Fees: The processing fee charged to a borrower at the time of availing a loan is basically the fee for processing your application. The DHFL home loan processing fee for salaried individuals ranges between Rs.5,000 and Rs.20,000, while the fee applicable to self-employed individuals is 1.5% of the loan amount. Tax will be charged as applicable.

• Repayment: Individuals who take out a home loan from DHFL Housing Finance will be offered two options with regards to repayment, viz. Electronic Clearing Service and post-dated cheques. Payments through ECS can be made after you have provided standing instructions to your bank, while payments through post-dated cheques will be drawn from your salary / savings account.

• Tax Benefits: Home loans from DHFL Housing Finance provide tax benefits to borrowers. Section 24 of the Income Tax Act of India states that interest amounts paid to the bank will be exempt from tax to the extent of Rs.1.5 lacs. Principal amounts repaid in the same year are also tax free to the extent of Rs.1 lac.

Applicants can avail 80% of market value or up to 85% of the cost of property (which includes stamp duty and registration fees), whichever is lower, as Home Loan. If applying with an earning co-applicant, the loan amount can be further enhanced.

Pradhan Mantri Awas Yojana or PMAY is an initiative that has been taken by the Government of India following the ‘Housing for all by 2022’ goal. This scheme will help a lot of people to live their dream of owning a house. Affordable housing loan solutions are offered under this initiative by the Credit Linked Subsidy Scheme (CLSS) for the Middle Income Group (MIG), Economically Weaker Sections (EWS) and Lower Income Group (LIG). Both MIG 1 and MIG 2 are included under this scheme. Features and Benefits of PMAY Scheme:

• Loan Amount: For Lower Income Group (LIG) and Economically Weaker Sections (EWS), the applicant can avail a home loan of up to Rs.25 lakh. This includes the insurance amount too. In case of Middle Income Group (MIG), loan amount up to Rs.140 lakh can be availed including the insurance.

• Interest Subsidy: For Lower Income Group (LIG) and Economically Weaker Sections (EWS), the subsidy can be availed for loan amount of up to Rs.6 lakh. These loans will come with an interest subsidy of 6.50% for a 20 year tenure or the loan tenure, whichever is lower. In case of the Middle Income Group customers, subsidy can be availed up to a loan amount of Rs.9 lakh. It comes with an interest subsidy of 4% for a 20 year period.

• Compare and Review: it’s easy to compare the DHFL home loan with the numerous other options available in the market. Not only do you have access to authentic reviews from customers in situations similar to yours, but you can also contact BankBazaar’s expert customer support team to get any doubts cleared up.

• Save time: Time is money. BankBazaar’s interactive approach for applying loans allows you to save the time you would have normally spent on going to different sources to check features, interest rates, eligibility factors, terms and conditions etc. Everything from getting the list of required documents, applying and receiving confirmation from the bank etc. can be done on one platform.

• Simple, transparent processing: When you are applying through Bankbazaar, there is no need to worry about red-tape, hidden charges etc. Also, everything is presented in such a simple format that you don’t feel overwhelmed at the application stage itself.

• Safety first: The complete safety of your personal information is Bankbazaar’s priority. The information is carefully is only passed through robust, encrypted systems and available only to the bank in question so that there is no chance of malicious activity.

The purpose of the home extension loan is to borrow money for the purpose of extending your home. In case you decide that you need more space in your existing home in the form of a room built on the terrace for example, this loan can prove to be very useful.

As a resident Indian, you are eligible for certain tax benefits on the principal and interest components of your home loan. According to the Income Tax Act 1961 rules, the current applicable exemption under section 24(b) is Rs. 1,50,000/- for the interest amount paid in the financial year and up to Rs. 1,00,000/- (under section 80 C) if the principal amount repaid in the same year.