DHFL Home Extension Loan
Dhfl is a well reckoned housing finance company that provides financial solutions as per your preference and budgetary constraints. Dhfl offers housing finance scheme to meet various requirements like repairs, extensions in the existing property. Dhfl home extension loan is one of those specific financial solutions offered under the name of Dewan housing finance limited (dhfl). Dhfl housing loan scheme is counted one of the best home loans in India as it can be availed at attractive interest rates coupled with flexible loan terms.
Everyone wants to make his or her own house full of comfort and to fulfill this requirement you need finance thanks to the inflated prices of properties and other things. DHFL is here to facilitate you in all aspects in financial terms. It brings an exclusive home extension loans to help you by offering finance for adding a bedroom, enclosing open balcony or building an extra room on the terrace etc. If you have successfully met the eligibility criterion for this housing finance, you can avail dhfl home extension loan up to Rs. 500, 00,000. But, the loan amount should not exceed the 85% of the cost of extension. The actual loan amount will be determined by considering several factors into account like repayment capacity, age, educational qualifications, stability and continuity of income, number of dependents, co-applicant's income (if any), assets, liabilities and so on.
The tenure period of your home loan ranges from 1 to 20 years. The loan term however should not extend beyond the retirement age or 60 years, whichever is earlier. If you are a self-employed individual, then your maximum age eligibility can be up to 65 years. This loan can be repaid through the home loan emi (equated monthly installment) that are scheduled on the regular monthly basis. The size of this home loan emi (equated monthly installment) depends on quantum of loan, applicable interest rate and loan tenure period.
Special home loan repayment schemes are also available for your benefit at competitive rate of interest and flexible terms. You can also choose to prepay your loan, ahead of the contracted schedule either in part payment or full settlement. In this regard, if anyone prepays the outstanding loan amount, then, a nominal fees or charges will be levied on you as stipulated by DHFL from time to time. Usually, home loan interest rates are linked to the retail prime lending rate (RPLR), which is set by the bank and dhfl’s existing RPLR is up to 18.25%.
