Get lowest interest rates 2020 on DHFL Home loans in Vellore. Compare ✓ Documents ✓ Eligibility ✓ EMI calculation with calculators online to get instant quotes from DHFL.
DHFL Branch list in Vellore for Home loan Approvals
Address: Plot No.33, D.No.3, 1st East Main Road, Opp. Odai Pilliyar Koil, Gandhi Nagar, Kazhinjur Village, Katpadi Extension, Vellore – 623006, Tamil Nadu
Home Loan applications received for rupees ₹ 419,027 crores till 24 October 2020
DHFL Home Loan Interest Rates in Vellore
|Processing Fees||Upto Rs.20000 + GST|
|Pre payment Charges||Nil|
|Loan Amount||upto 90% of market value|
|Min. Income||Rs.10000/- p.m|
|Loan Repayment||upto 30 years|
DHFL Home loan eligibility Calculator in Vellore
Before applying for a Home Loan, it is important to understand if you are eligible for the same. With DHFL Home Loan Eligibility Calculator, you will easily be able to fill in all the relevant factors that can influence your Home Loan Eligibility. Determined by various aspects including income, employment status and tenure of the loan, our Housing Loan Eligibility Calculator helps you to factor in all the variables to get the most amount of information.
With a few simple inputs, our Home Loan Eligibility Calculator helps you to make your Home Loan decision carefully and thoroughly. The Housing Loan Eligibility Calculator also allows you to continue to home loan process, apply for the same and complete the application process.
Home Loan Tax Benefits
Resident Indians are eligible for certain tax benefits on principal and interest components of a home loan. As per Income Tax Act 1961 rules, the current applicable exemption under section 24(b) is Rs. 2,00,000/- for the interest amount paid in the financial year and up to Rs. 1,50,000/- (under section 80 C) for the principal amount repaid in the same year.
Looking for EMI Calculation for your home loan amount – Click Here
Eligibility for DHFL Home Loans in Vellore:
You can avail a Home Loan of up to Rs. 5 Crore (minimum loan amount 1 lac) but not exceeding 85% of the cost of property (including stamp duty and registration fees) or 80% of market value, whichever is lower. The loan amount can be further enhanced by including an earning co-applicant.
The actual Home Loan amount is determined taking into various account factors such as:
- Repayment capacity, Age
- Stability and continuity of income
- Number of dependents
- Co-applicant’s income
- Assets, Liabilities, Saving habits, and more
Maximum Tenure Period for Home Loan: Up to 30 years
Easy Documentation for your Home Loans at DHFL in Vellore:
For processing your home loan application, we’re required to adhere to certain documentation procedures. To enable us to speedily process your home loan application, we will require the following:
- KYC (Know Your Customer) documents
- Proof of Income documents and bank statements as per log-in checklist
- Property related documents
DHFL Home Loan Income Tax Benefits in Vellore:
Get Maximum Tax benefit under Home Loan scheme. As per Indian IT Rules, the current applicable exemption u/s 24 is Rs. 1.5 lacs for the interest amount paid in a financial year and up to Rs.1 lac for the Principal amount repaid in the same year. Thus up to Rs.2.5 lacs is tax exempt, helping you save up to Rs.70,000 tax annually.