Dedicated to my teachers and friends……..

DEWAN HOUSING FINANCE CORPORATION LTD or DHFL….

CHANGING RULES , CHANGING LIVES……………

ESTABLISHED BY LATE SHRI RAJESH KUMAR WADHAWAN A VISIONARY INDIAN BUSINESSMAN…

• DHFL stands strong as one of India’s largest housing finance companies and India’s second largest private sector……..

• 278 offices all over India…• DHFL has also tie-ups with Punjab and Sind banks ,

central banks etc…..

DHFL has assigned a rating ‘CARE AA+’ by CARE and ‘AAA’ by BRICKWORKS for various long term

debt instruments…

Insights that help customers win

• Customers focused product innovation.• Customer focused credit policies.

At DHFL , we believe that financial access on fair terms is everyone’s birth right.

FIRST TIME HOME LOAN GUIDE

• Prioritise your requirement..• Type of residence..• Size of residence..• Location..• Surrounding..

Arranging home loan finance(home loan)

• Joint ownership..• Home loans: it means to borrow money in order to buy a

property and the property being mortgaged to the lender until all the money has been repaid by the borrower to the lender..

PURPOSE OF AVAILING HOME LOAN

• You can avail home loan for ready built-up or under construction house..

Home loan eligibility criteria

• Customer can avail a home loan up to 5crore rupees ( minimum loan amount is 1 lakh rupees) but not exceeding 85% of the cost of property or 80% of market value, whichever is lower..

Factors that determines home loan amount

• Repayment capacity.• Age.• Educational qualification.• Stability and continuity of income.• Assets.• Liabilities.

Maximum tenure period for home loan:up to 30 years……

Home loan interest rates

• DHFL offers one of the most competitive rates in the market.

• The interest rate applicable is based on the DHFL’s retail prime lending rate(RPLR).

• Home loan processing fees ,in case of salaried indivisuals (SAL) it is 1% of the loan amount , whereas for Self-employed professionals/non-professionals( SEP/SENP) it is charged at 1.5% of the loan amount,plus service tax and cess.

Documentations for your home loan

• KYC( Know Your Customers) documents.• Prove of income documents and bank

statement as per log-in-checklist.• Property related documents.

Home loan approval process

• Step 1-Home loan eligibility assessment.• Step 2-Conditional home loan sanction.• Step 3-Security assessment.• Step 4-Loan disbursement.

Home buying tips

• Some quick questions and answers below will serve as essential tips when you buy a home :

• Q: What are the important documents one should check before buying any property ?

• If you want to purchase a property , you must see the approved layout plan,approved building plan,ownership documents,carryout search etc.Consult an advocate.

Q:What is difference between built-up area,super built-up area and carpet area?

• CARPET AREA:This is the area of the building,which does not include the area of walls.

• BUILT-UP AREA :This is the area of building which includes the area of walls.

• SUPER BUILT-UP AREA :This includes the built-up area,along with the area under common spaces such as the lobby,lifts,stairs etc.

Q:Who is liable to pay stamp duty-the buyer or the seller ?

• The liability of paying stmp duty is that of the buyer unless there is an agreement to the contrary.

• Q:Who is the appropriate authority for knowing the market value of the property?

• The sub-registrar of the area is appropriate authority for knowing the market value of the property.

Home loan for self-employed

• As we know that, in India , only 7% of our labour force is in the organised sector and the rest is in unorganised sector. To overcome this, DHFL has come-up with home loans exclusively tailored for the needs of self employed people.Self-employed professionals as well as non-professionals can now avail of home loans..

Home loan eligibility amount

• Customer can avail a home loan of up to 1 crore( minimum loan amount 1 lakh ) but not exceeding 60% of the cost of property or 60% of the market value, whichever is lower.

• The actual loan amount is determined on the basis of factors that are already fihure-out before.

Tax benefits for your home loan

• As per IT rules , the current applicable exemption u/s 24 is ‘ 1.5 lakh for the principal amount repaid in the same year.’

• Thus upto ‘2.5 lakh is tax exempt, helping you to save 70,000 tax annually.

• So now don’t think twice about building your dream home…

Made by :

Mohammad Sameer