DHFL Home Loan Eligibility
Owning a home is a dream for many, and DHFL—now operating as Piramal Capital and Housing Finance Ltd—helps make that dream achievable for people across India, especially in rural and semi-urban areas. Offering attractive interest rates starting from 8.75% per annum and long tenures of up to 30 years, DHFL home loans cater to both salaried and self-employed individuals.
DHFL Home Loan Eligibility
Not everyone can buy a home in one go, but the dream of owning a house is common for everyone. With the support of banks and financial institutions like DHFL, now Piramal Capital and Housing Finance Ltd, many residents in rural and semi-urban areas have successfully purchased homes or plots of land.
DHFL offers home loans at attractive interest rates starting from 8.75% per annum. These loans can be used to buy newly constructed homes, resale properties, under-construction projects, ready-to-move-in flats, or even for self-constructed homes. Additionally, loan subsidies under the PMAY scheme are available for lower-income groups.
Anyone from lower-income families or the Economically Weaker Section (EWS) can apply for a DHFL home loan. The maximum loan amount depends on several factors, including monthly income, age, credit score, and repayment capability. Existing loans and their repayment history are also considered during eligibility assessment.
Applicants need to submit certain documents based on their employment type, whether salaried or self-employed. To check your eligibility before applying, you can use the DHFL Home Loan Eligibility Calculator, which helps estimate your loan amount and EMI. Understanding your DHFL Loan Eligibility ensures a smoother application process and helps you plan your finances better.
Check Your DHFL Home Loan Eligibility
Before applying, customers should check their DHFL loan eligibility to ensure a smooth application process. You can also use the DHFL Loan Eligibility Calculator to estimate your loan eligibility. Below is the general eligibility criteria for a DHFL home loan:
| Eligibility Parameter | Requirement |
| Resident Type | Indian Resident & Non-Resident Indian (NRI) |
| Employment Type | Salaried & Self-Employed |
| Minimum Age | 21 years and above |
| Maximum Age | 65 years and below |
| Other Criteria | – Should have a regular source of income
– Should have a good credit score |
DHFL Home Loan Eligibility Criteria
The eligibility for a DHFL home loan may vary across different loan schemes. To help you understand if you qualify, here are the key criteria:
- Resident Type: Both Indian Residents and Non-Resident Indians (NRIs) can apply for a DHFL home loan.
- Age: Applicants must be at least 21 years old at the start of the loan, and the maximum age at loan maturity should not exceed 65 years. This applies to both salaried and self-employed individuals.
- Credit Score: A good credit score reflects your past credit behavior. Higher scores improve your chances of approval. Ensure your credit report is accurate and your score is above average before applying.
- Income: Both salaried and self-employed individuals (including business owners and professionals) are eligible. Your income should be regular and meet the bank’s required criteria.
Use the DHFL Home Loan EMI Calculator to estimate your monthly installments based on your eligible loan amount and plan your finances effectively before applying.
Eligibility Based on Salary
While checking your salary eligibility for a loan, many factors are considered, like your monthly salary, loan tenure, and age. But, of course, you can always check the DHFL Home Loan eligibility calculator for this purpose.
Below is a tentative list of the maximum loan amount considering the loan tenure is 25 years with the minimum interest rate (8.75% pa).
| Applicant’s Monthly Income | Amount of Loan |
| Rs.25,000 | Rs.12,16,332 |
| Rs.30,000 | Rs.16,42,049 |
| Rs.35,000 | Rs.19,15,724 |
| Rs.40,000 | Rs.21,89,398 |
| Rs.45,000 | Rs.24,63,073 |
| Rs.50,000 | Rs.27,36,748 |
| Rs.55,000 | Rs.33,44,914 |
| Rs.60,000 | Rs.36,48,997 |
| Rs.65,000 | Rs.39,53,081 |
| Rs.70,000 | Rs.42,57,164 |
| Rs.75,000 | Rs.45,61,247 |
Eligibility Based on Age
Age is a significant factor when sanctioning home loans. The younger you are, the more time you get to repay your home loan. Kindly note that the age bar and loan tenure will vary based on the type of employment. Below is a detailed breakdown of the DHFL Home loan eligibility for salaried individuals.
| Applicant Age | Maximum Eligible Tenure |
| 21 to 35 years | 25 years |
| 36 years | 24 years |
| 37 years | 23 years |
| 38 years | 22 years |
| 39 years | 21 years |
| 40 years | 20 years |
| 41 years | 19 years |
| 42 years | 18 years |
| 43 years | 17 years |
| 44 years | 16 years |
| 45years | 15 years |
| 46 years | 14 years |
| 47 years | 13 years |
| 48 years | 12 years |
| 49 years | 11 years |
| 50 years | 10 years |
Here is an updated list of the maximum loan tenure for various age-group applicants who are self-employed professionals.
| Age of the Applicant | Maximum Eligible Loan Tenure |
| 21 years to 45 years | 25 years |
| 46 years | 24 years |
| 47 years | 23 years |
| 48 years | 22 years |
| 49 years | 21 years |
| 50 years | 20 years |
| 51 years | 19 years |
| 52 years | 18 years |
| 53 years | 17 years |
| 54 years | 16 years |
| 55years | 15 years |
| 56 years | 14 years |
| 57 years | 13 years |
| 58 years | 12 years |
| 59 years | 11 years |
| 60 years | 10 years |
Credit Score Eligibility
Before sanctioning the loan, DHFL Home Loan eligibility will check all the applicant’s credit history, including their repayment history and the payment details for running loans, if any. Here is a credit scorecard for your reference:
- A credit score of 750 and above is good
- A credit score of 600-750 is considered average
- Any score below 600 will be regarded as poor
Your CIBIL score is also an essential factor while sanctioning loans. Currently, a CIBIL score over 650 will significantly increase your chances of home loan approval.
DHFL Home Loan Eligibility Documents Required
To apply for a DHFL home loan, your DHFL loan eligibility must be supported by the necessary documents. Submitting complete and accurate documents ensures a smooth application process. Here’s a detailed list of required documents:
-
KYC Documents (ID & Address Proof – Any One):
- Aadhaar Card
- PAN Card (mandatory if income is considered for eligibility)
- Passport
- Voter ID
- Driving License
- Utility Bills (Electricity, Telephone, Postpaid Mobile, Water Bill, etc.)
- Ration Card
- Employer Letter
- Bank Statement / Passbook showing address
- Valid Rent Agreement
- Sale Deed
-
Income Documents:
For Salaried Individuals:
- Salary slips for the last 2 months (if variable components like incentives or overtime are included, provide last 6 months)
- Cash salary income on company letterhead
- Bank statements of last 3 months (salary account)
For Self-Employed Professionals (CA, Doctors, Architects, etc.):
- Qualification certificates
- Last 2 years’ income tax returns with computation of income
- Last 2 years’ P/L account with audited balance sheet (if applicable)
- VAT/Service Tax returns or TDS certificate
- Bank statements of last 6 months (savings, current, or OD account)
For Self-Employed Non-Professionals:
- Last 2 years’ income tax returns with computation of income
- Last 2 years’ P/L account with audited balance sheet (if applicable)
- VAT/Service Tax returns or TDS certificate
- Bank statements of last 6 months (savings, current, or OD account)
-
Property Documents:
- Allotment Letter from Builder
- Agreement of Sale
- Registration & Stamp Duty Receipt
- NOC from Builder
- Own Contribution Receipt (OCR)
- Builder-linked documents (if not previously funded by DHFL)
- Development Agreement
- Tripartite Agreement
- Partnership Deed (if applicable)
- Sale Deed
- Title Search Report
- NA Order
Note: Original documents are required only for verification purposes. By submitting these documents accurately, you can confirm your DHFL loan eligibility and make the home loan application process smooth and hassle-free.
Factors That Affect DHFL Home Loan Eligibility
Your eligibility for a DHFL home loan depends on several factors. Using a DHFL Loan Eligibility Calculator can help you estimate your loan eligibility based on these aspects:
-
Credit Score: Your credit score reflects how responsibly you have managed debt in the past. A higher credit score increases your chances of loan approval and may improve the eligible loan amount.
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Age of the Applicant: Your remaining working years affect the loan tenure you can avail. For example, a 50-year-old applicant may not qualify for a 20-year loan since repayment during retirement may not be feasible.
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Repayment Capacity: Lenders evaluate your Fixed Obligation to Income Ratio (FOIR), ideally keeping it below 40%-50%. If FOIR exceeds this limit, consider clearing existing debts or adding a co-applicant to boost eligibility.
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Property Features: The market value, location, age, and title of the property are assessed before sanctioning a loan. Properties that are old, disputed, or not in the bank’s approved locations may reduce loan eligibility.
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Employer and Profession: Applicants working in well-established organizations or stable professions are preferred. Salaried individuals usually have higher eligibility due to consistent income, while self-employed applicants are assessed more strictly.
-
Job or Business Stability: Frequent job changes or unstable business history can lower eligibility. A steady employment or continuous business record indicates stable income and timely repayment capacity.
By considering these factors and using the DHFL Home Loan Eligibility Calculator, you can estimate your eligible loan amount and plan your home purchase more effectively.
Ways to Improve DHFL Home Loan Eligibility
Enhancing your DHFL loan eligibility can help you secure a higher loan amount and better terms. Here are some effective ways to improve your chances:
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Increase Your Credit Score: A higher credit score reflects responsible credit behavior, which improves your loan eligibility. Make sure your credit report is accurate and payments are timely.
-
Increase Your Down Payment: Paying a larger down payment reduces the Loan-to-Value (LTV) ratio, making you more eligible for the loan.
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Opt for a Longer Loan Tenure: Choosing a longer tenure reduces your monthly EMIs, making repayments more affordable based on your income. You can use the DHFL Home Loan EMI Calculator to see how different tenures affect your EMIs.
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Pay Off Outstanding Debts: Clearing existing loans, especially high-interest debts, increases your repayment capacity and helps you qualify for a higher home loan.
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Add a Co-Applicant: If your income alone is not sufficient, adding a co-applicant can boost your eligibility. Lenders consider both applicants’ income, credit score, and repayment capacity for approval.
By following these steps and using the DHFL Home Loan EMI Calculator, you can plan your finances better and increase your chances of securing the desired home loan.
DHFL Home Loan Eligibility Calculator
Visit the home loan amount eligibility calculator page of DHFL and follow these few simple steps:
- Fill in your monthly earnings/Gross Income.
- Enter the tenure of your loan. A longer loan tenure will improve your chances of loan approval.
- Enter the current housing loan interest rate per annum.
- Under the “Existing EMIs” section, input the monthly EMI of your running loan, if any.
- Then click on “Apply Now”.
DHFL Home Loan Interest Rate
The home loan interest rates start at 8.75% per annum. Under the PMAY scheme, one can get a housing loan at 6.5% per annum.
DHFL Home Loan Processing Fees
The processing fee is charged at 0.5% of the loan amount(+ GST) for salaried and self-employed professionals. For self-employed non-professionals, the processing fee is 1% of the loan amount in addition to GST.
DHFL Home Loan Foreclosure Charges
The applicant can foreclose their housing loan at any time during the loan tenure. The foreclosure charges are 2 to 3% of the loan amount, along with the applicable GST.
DHFL Home Loan Pre-Closure Charges
Often, the applicant can pre-pay the remaining loan amount in a single payment instead of multiple EMIs. Now, this payment can be partial or complete. Whichever the case may be, the pre-closure charges for DHFL home loans are pegged at 2 to 3% of the loan amount, along with the GST applicable.
DHFL Home Loan Eligibility Application Status
Nowadays, you can narrow your DHFL home loan application status online and offline. You can visit the official “Loan Tracker” page of DHFL Housing. You can also call DHFL customer care representatives at their toll-free number 1800223435. If you are an existing customer, call the toll-free number 180030001919.
DHFL is one of the most prominent NBFCs in the country that provides housing solutions to the lower-income groups of society. Primarily aimed at the rural and semi-urban population, they give housing loans to people on better terms and conditions. They also provide a maximum loan tenure of 30 years to ensure easy monthly installments. If you are looking for more housing news, go through our blog section. You can also contact our NoBroker financial experts in case of any confusion. So, give us a call today!
How NoBroker Helps You
Applying for a DHFL Home Loan can feel overwhelming with so many documents, eligibility criteria, and interest rates to consider. NoBroker makes this process simple and stress-free.
With NoBroker, you can:
- Check your eligibility instantly using expert guidance.
- Compare DHFL home loan options based on interest rates, tenure, and loan amount.
- Get help with documentation and ensure your application is accurate and complete.
- Track your loan application without any confusion, either online or through our financial experts.
Whether you are salaried, self-employed, or applying under PMAY, NoBroker ensures a transparent, quick, and hassle-free experience so you can focus on buying your dream home.
Conclusion
A DHFL Home Loan is an excellent solution for making your dream of owning a home a reality, especially for residents in rural and semi-urban areas. With attractive interest rates, long repayment tenures, and flexible loan amounts, DHFL caters to various financial needs and income groups.
By partnering with NoBroker, you can simplify the entire process—from checking eligibility and planning EMIs to submitting documents and tracking your application—making your home loan journey smooth and convenient.
