Housing Home Loan
Established in 1984, Dewan Housing Finance
Corporation Limited (DHFL) is the second largest housing finance
company in the private sector in India. Over the years, DHFL has
built up a considerable business portfolio with products such as
Home loan, Home extension loan, Home improvement loan, Plot loan,
Mortgage loan Leased Rental Finance and Aashray deposit.
DHFL Home Loans are offered to individuals, co-operative
societies, corporate bodies and associations of persons. The
maximum loan offered by DHFL can go up to Rs 1 crore and the home
loan finances up to 85% maximum of the cost of the property.
DHFL's Home Improvement Loans are offered to individuals to
facilitate renovation and repairing of homes. The maximum
repayment period can be up to 10 years or retirement age or 60
years of age, whichever is earliest.
DHFL's Saksham is a reverse mortgage scheme meant for senior
citizens. 'Saksham' uses the value of the mortgaged house to
provide the individual a fixed monthly annuity (sum). The borrower
and his spouse can continue to live in the house for their
lifetime. Indian citizens, who are of or over the age of 60 years
and possess a house with a free and clear title, are eligible
under this plan.
DHFL's Amar Chhaya is a unique home loan linked life insurance
plan which provides complete security to the family in the event
of an unfortunate death of the home loan customers. In the event
of death, SBI Life pays the balance loan amount directly to DHFL,
thus providing complete freedom to the family.