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DHFL Home Loan

 

Eligibility & Documentation


DHFL Home loan can help you raise capital to help your immediate needs. Several factors determine eligibility for a home loan, including monthly income, fixed monthly obligations, age, and retirement age. 

 

DHFL Home Loan Eligibility Criteria

 

 

Salaried Individuals

Self-Employed Individuals

Business / Company

Entitled Borrowers

Government / Semi government / PSU / Private/MNCs/ Proprietorship/Partnership businesses

Proprietor /

Partners / Directors

Partnership or Private Limited firms engaged in Manufacturing, Servicing, or Trading

 

 

Self Employed Professionals such as Chartered Accountants, Company Secretary & Doctors

 

Age

The person should be 21years old at the time of loan application and his maximum age should be 70 years

Applicant must be a minimum

of 23 years of age at the time

of application and should be

a maximum of 70 years at

loan maturity.

Proprietor / Key Partner / Main

Director must be a minimum of

25 years at the time of

loan application and should be

a maximum of 70 years at

loan maturity.

Experience / vintage

1 year of overall experience and 2 months

with the present employer.

· Must be running the same

business for the last 3 years

· Professionals with qualification

of CA / CS/doctor with a minimum

of 1 year of practice.

Business stability/history of

minimum 3 years in the same

business.

Income

Net monthly in-hand salary should be Rs.25,000

Gross annual income should be a

minimum of Rs.3 lakh

Annual turnover should be a

minimum of Rs.10 lakh

Citizenship

Individuals with Indian citizenship

Individuals with Indian citizenship

Proprietor / Partners / Directors with Indian citizenship

 

 

Documents Required To Avail India Home Loan

 

 

Salaried Individuals

Self-Employed Individuals

Firm / Company

Identity Documents

 · Aadhaar Card

· Passport

· Voter's ID Card

· PAN Card

· Driving License

· Job card issued by NREGA

 

· Aadhaar Card

· Passport

· Voter's ID Card

· PAN Card

· Driving License 

· Firm/Company PAN Card, GST

Registration Certificate (If applicable)

, and Other Applicable Registration

· KYC of Partners / Directors PAN Card

and Aadhaar Card

· PAN Card

Address proof

· The electricity bill for owned

premises(up to 3 months)

· Rent agreement for Rented premises

· Passport

· Job card issued by NREGA

· The electricity bill for owned

premises(up to 3 months)

· Rent agreement for Rented premises

· Passport

· The electricity bill for owned premises

· Rent agreement for Rented premises

· Passport for Partner / Directors

Income Proof

· Last 3 month’s salary slip

· Form 16

· Collateralized property document

· Income Tax Returns for the last 2 years, along with computation

· Profit/Loss statement and balance sheet for the latest 2 years 

· Income Tax Returns along for the last 2 years

· Profit/Loss statement and balance sheet for the latest 2 years

· GST Returns

Business / Employment

proof

· Offer letter

· Salary certificate of last 1 year (with company stamp)

· Partnership deed

· No encumbrance documents

Previous chain of documents from the earlier owner(if any property approval plan)

· Partnership deed

· No encumbrance documents

· Previous chain of documents from the earlier owner(if any property approval plan)

Bank Account Statement

bank account statement of the latest 6 months and past 1 year

Operative bank account statement for the latest 6 months

Operative bank account statement for the latest 6 months

Other

document

· Passport size photograph

· Original and photocopies of property documents.

· Possession certificate

· Cost estimation of construction.

 

 

*The aforementioned list of documents for a DHFL Home Loan is general. Extra documents may be needed at the time of loan processing.

eligibility

How to improve your DHFL Home Loan Eligibility?

Follow these tips to improve your DHFL Home Loan Eligibility –

Get Rid of Debts

Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting

Maintain a good CIBIL Score

Try to build a CIBIL score above 750

Do not apply for multiple loans simultaneously

Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness

Choose a longer loan tenure

Opt for a longer repayment tenure that will allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.

Add Co-applicants

A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.

improve-eligibility

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