Realizing the dream of owning a home became relatively easier these days, thanks to various banks and money lending institutions. At present, there are so many financial institutions to offer finance for your home purchase. Apart from nationalized banks and private banks, there are some housing finance companies to offer a loan. DHFL is one of the house finance companies in India, involved in offering housing finance for people for many years. If you have opted to get DHFL home loan, then you should knowledge yourself ahead before applying for this loan.
DHFL offers loan to a single applicant as well as an individual with co-applicant. There are eligibility criteria that you need to qualify in order to apply a home loan. If you apply a home loan without eligibility, then your loan application would be rejected right away by the company personals. You can know the eligibility criteria by directly visiting the offices of DHFL, or from other people or loan consultant. The interest rate is one of the important things that you must know when applying for the home loan. The interest rate may vary with different institutions. The total repayment amount and monthly EMI would depend on the interest percentage rate. To know the monthly EMI and total repayment amount, you may use the loan calculator tool.
DHFL offer two types of loan repayment choices to their customers i.e. floating rate and fixed rate. In the floating rate, the repayment rate would increase or decrease during the repayment tenure due to the economic and social condition of the country. In the fixed rate, the repayment rate does not change with the economical condition. In order to simplify your loan application process, it is better to choose the service online loan consultant, who can help you regarding the home loan right from the scratch.