Home Loan

About Home Loan

Get the @ Home Loan

A home doesn't just allow for personal growth, but it also creates a stable environment for a family to grow , and prosper together. With Rhgidisoft Home Loan, you can invest in a future which has no financial restrictions, allowing you to be free in the comfort of your own home. Flexible tenures, low interest rates and easy repayment options allow you to obtain financial freedom, and save money in the process.

image
Small Home Loans

It has survived not only five centuries, but also the leap into electronic @8.95%.

Commercial Home Loans

Survived not only five centuries, but also the leap into electronic @11.99%.

Leave Money Problem to us.

Applying for a House loan is a simple procedure, you can apply for Home loan .

The maximum term of your home loan can be up to 30 years and it cannot extend beyond your retirement age or 60* years (whichever is earlier).

*60 years for salaried individuals and 70 years for self-employed individuals.

You can get a home loan up to 90% of the cost of a chosen selected property for the loan requirement up to Rs. 30 Lakh*, depending upon the loan amount required.

Your home loan amount depends on your annual income and your ability to repay the loan. You can increase your home loan amount by adding an earning co-applicant.


Calculate your eligibility now

*For loan above Rs. 30 Lakh, the loan to value applicable will be as per DHFL norms & policy guidelines.

Your home loan interest rate starts from 9.75%* p.a. Know more about fees and charges (*T&C Apply).

You can pay your home loan EMIs through:
  • Electronic Clearing Service (ECS)/ National Automated Clearing House(NACH)- based on standing instructions, given to your bank
  • Post Dated Cheques (PDCs) - Drawn on your salary/savings account. (Only for locations where ECS/NACH facility is not available.)

Your home loan makes you eligible for certain tax benefits* as per the prevailing laws. This means that you can save more money by claiming deductions in your income tax, against principal and interest amount repaid.

*As per Income Tax Act 1961 rules, the current applicable exemption under section 24(b) is Rs. 2,00,000/- for the interest amount paid in the financial year and up to Rs. 1,50,000/- (under section 80 C) for the principal amount repaid in the same year.

  • What is an EMI?

    EMI (Equated Monthly Installment) is the amount payable to the lending institution every month, till the loan is completely paid off. It comprises of the interest as well as the principal amount.

  • Who can be an applicant?

    To qualify for a home loan with DHFL, you must be:

    • An Indian resident or Non Resident Indian (NRI)
    • Above 21 years of age at the beginning of the loan
    • Below 65 years of age, when the loan matures
    • Either salaried or self-employed (businessman or professional)
  • What are the interest rates offered for home loans? What are daily reducing, monthly reducing and yearly reducing balance?

    Interest rates vary according to the market conditions and are dynamic in nature. The interest on home loans in India is usually calculated either on monthly reducing or yearly reducing balance. In some cases, daily reducing basis is also adopted.

    • Annual Reducing: The principal amount, for which you pay interest, reduces at the end of the year. Thus, you continue to pay interest on a certain portion of the principal which you have actually paid back to the lender. The EMI for the monthly reducing system is effectively less than the annual reducing system.
    • Monthly Reducing: The principal amount, for which you pay interest, reduces every month as you pay your EMI.
    • Daily Reducing: The principal, for which you pay interest, reduces from the day you pay your EMI. The installments that you pay in the daily reducing system is less than the monthly reducing system

    DHFL calculates EMI on monthly reducing basis only.

  • Are securities required for home loans?

    The property to be purchased itself becomes the security and is mortgaged to the lending institution till the entire loan is repaid. Sometimes additional security such as life insurance policies, FD receipts and share or savings certificates are required.

  • What are the tax benefits of home loans?

    Resident Indians are eligible for certain tax benefits on principal and interest components of a home loan. As per Income Tax Act 1961 rules, the current applicable exemption under section 24(b) is Rs. 2,00,000/- for the interest amount paid in the financial year and up to Rs. 1,50,000/- (under section 80 C) for the principal amount repaid in the same year.

EMI Calculator

Calculate your Loan EMI & Total Interest Due.

Principal Amount :
Interest Rate :
Period (Months) :
EMI :
Interest Amount :
Total Amount :

Documents for proof of identity and address


ID & Address proof (any one required)
  • PAN card (Mandatory, if income is considered for loan eligibility calculation)
  • Valid Passport
  • Voter ID card
  • Driving license
  • Aadhar Card
Residence Proof (Any One Required)
  • Utility Bill: Electricity, Telephone, Postpaid mobile, water bill etc.
  • Ration card
  • Letter from employer
  • Bank statement /copy of Pass book reflecting address
  • Valid Rent Agreement
  • Sale Deed

*National Housing Bank (NHB) had introduced Know Your Customer (KYC) guidelines for housing finance companies. We request you to co-operate with us in complying with these guidelines.

Financial documents declaring your income.


Salaried individuals
  • Salary slips for the last 2 months or salary certificate*
  • Cash Salary – Income details on Company Letterhead
  • Copy of bank statements for the past 3 months (salary account)

*If variable components like over time and incentives are reflected, then salary slips for the past 6 months are required.


Self-employed professional
  • Certificate of qualification for professionals : CA, Doctors or Architects
  • Copy of last two years' income tax returns, along with computation of income
  • Copy of last two years' P/L account with all schedules and audited balance sheet, wherever applicable.
  • VAT or Service Tax returns or TDS Certificate
  • Bank statement for the last 6 months (Savings account, current account and O/D account)
Self-employed Non Professionals
  • Copy of your last two years' income tax returns, along with computation of income
  • Copy of last two years' P/L account with all schedules and audited balance sheet, wherever applicable
  • VAT or Service Tax returns or TDS Certificate
  • Bank statement for the last 6 months (Savings account, current account or an O/D account)

Property related documents

Salaried individuals
  • Salary slips for the last 2 months or salary certificate*
  • Cash Salary – Income details on Company Letterhead
  • Copy of bank statements for the past 3 months (salary account)

*If variable components like over time and incentives are reflected, then salary slips for the past 6 months are required.

Quick Apply for Loan