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I declare that the information I have provided is accurate & complete to the best of my knowledge. I hereby authorize HDFC Ltd. and its affiliates to call, email, send a text through the Short messaging Service and/or Whatsapp me in relation to any of their products. The consent herein shall override any registration for DNC/NDNC.
With DHFL’s International Representative Offices offering an easy – to – apply home loan, as long as you are an Indian, location doesn’t matter. Home Loan Balance Transfer – Rate of Interest is indeed an intimidating factor for people who wish to avail loan facility. DHFL’s Home Loan Balance Transfer can be used to transfer an existing home loan to a lower rate of interest so that your pocket is not affected. Apart from exciting rates of interest, DHFL also has a scheme called Home Loan Balance Transfer using which can be used to transfer an existing home loan at a lower interest rate.
Key Features of Home Loan Balance Transfer
Similarly, DHFL also requires legit documents for easy loan processing. Be it any event, eligibility comes first and is a deciding factor. Before going ahead with the loan application, it is highly advised that the applicant checks his eligibility to avoid any last-minute hassles or even disappointments at some times.
People often are anxious and get intimidated about the strains of repayment after taking a loan. With DHFL, you can be assured that the repayment process is as smooth and easy as is the process for loan application. The company offers home loans at attractive interest rates and no hidden charges.
For Salaried
You can avail a higher amount of loan and pay lower EMIs in the initial years. Subsequently, the repayment is accelerated proportionately with the assumed increase in your income. If your monthly installment amounts are too high, you can extend your tenure and thus lower the burden on yourself and your loved ones to pay off the loan. If you find that making heavy interest payments is affecting your ability to save and invest your own money then it may be time to transfer your home loan. You can also use the restructuring to help reinvest in your business, carry out renovations and raise funds for other purposes as well. During a home loan application process, there is a lot of paperwork involved.
Working Capital, Debt Consolidation, Repayment of Business Loan, Expansion of business, Acquisition of Business asset or any similar end usage of funds. All proposed owners of the property will have to be co-applicants. The old lender will hand property documents to the new lender, which marks the end of the process. A lender will not trust only by your words but will require proof of evidence. Such proofs of evidence are given in the form of various essential documents which the lender verifies and keeps with them for the record.
DHFL Home Loan Balance Transfer Process
If a person feels that they can get better terms from another bank on their home loan which they had previously availed, they can transfer the home loan from existing bank to the new bank. Buying a home is one of the biggest decision a person makes in their life. It continues to be a costly affair which one cannot pay with a single down payment due to the cost of houses being very high. It is for this purpose people opt for home loans using which they can get their dream home and repay the money borrowed in the form of monthly instalments or EMIs. Loans for all For salaried as well as self-employed individuals, Piramal Finance offers the best deals possible when it comes to home loans. Flexibility of repayment of the home loan There are many options available when it comes to creating a home loan structure that suits your requirements.
Yes, with the home loan balance transferred to a new bank, you can combine your other home loan installments as one to avail the benefits of lower interest with the new bank. The processing fee for a home loan is 0.5% to 2% of the loan amount plus Goods and Services Tax , as applicable, for both salaried and self-employed applicants. The next step in the loan application process is the application form. As established earlier, the applicant can either visit the branch office or may take a print out of the application form from the official website.
You would, however, have to make a down payment of the remaining amount on your own. The simplest way to calculate the home loan eligibility and the home loan EMI is to make use of the Calculator available on our portal. It is a free online tool that allows you to plan the home loan in an efficient and clearer manner. This consent will override any registration for DND/NDNC/NCPR. Home Loan Transfer is a scheme under which the borrower can switch his loan from any bank to any of the above loans with DHFL. Please get in touch with the DHFL customer care representative for more details.
Lastly there is the Post-Dated Cheques using which you can submit post-dated EMI cheques from a non-DHFL account at your nearest DHFL Loan Centre. A fresh set of PDCs will have to be submitted in a timely manner. Please note Post Dated Cheques will be collected non-ECS locations only. If your current bank’s loan tenure is low while another bank can provide a higher tenure.
You have to furnish all the documents during the application to get your DHFL home loan approved. Friends cannot be made co‐applicants (allowed only if they are coming in the capacity of Shareholder/Partners/Directors). Given below are the new home loan interest rate structures designed by DHFL.
You can also avail instant top up loan facility during balance transfer. As per the guidelines set by NHB the Interest rate applicable is based on the Retail Prime Lending Rate which varies from time to time. The importance of this is that customers will know how much EMI is remaining and how much they will have to pay for the rest of the home loan if they transfer to DHFL.
DHFL Home Loan has several amazing features tailored to offer multiple benefits to its customers. 3 Tips to Buy a Mortgaged Property in India Purchasing a mortgaged property can come with a host of benefits. However, because it is a resale property with an existing loan, certain things should be kept in mind. Read this post for 3 tips that can help you with the purchase of a mortgaged property.
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