NEWS & ADVICE : HOME LOANS
DHFL follows peers by offering low interest rate home loans
By Joseph Samson
Dec 15, 2009
Print    Email    RSS   

With a slew of lenders offering low interest rate home loans, DHFL has also joined the bandwagon by announcing low interest rate home loan schemes for lower and middle income group.

The company announced a 25-year home loan scheme that charges a fixed rate of 8 percent per annum first two years for loans to the extent of Rs. 5 lakh and charging floating rate thereafter.

For loans above Rs. 20 lakh, DHFL has fixed a rate of 8.75 percent for two years and variable rates for the remaining tenure.

DHFL will offer customers the double benefit of lowest interest rate and an elongated period of repayment.

A number of banks such as State Bank of India, ICICI, Dena Bank and HDFC, the largest home loan provider, have reduced their home loan interest rates in recently intensifying competition in the segment.

DHFL ‘Easy Loan scheme' has been designed in such a way that borrowers are not saddled with the interest amount and the amount of EMI is low due to elongated repayment period.. The scheme offers the lowest EMI of Rs 772 per lakh.

"We are empowering the common man by providing the same eligible amount of loan at a lower interest rate, reducing the monthly installments by a considerable amount through an extended period of 25-years", ," DHFL's Chairman and Managing Director, Kapil Wadhawan said.

The offer would be available across all branches and service locations of DHFL in India and abroad and would be valid till January 31, 2010, with a partial disbursement before March 2010.

The minimum amount that a customer can avail is Rs.1 lakh and the maximum amount is Rs. 5 crore.

According to CEO Anil Sachidanand, DHFL expects an additional disbursement of Rs. 3,500 crore by the fiscal's end through this scheme.

 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #1
Top up loans: toppings on your home loan
J&K Bank raises PLR
Joint Home Loan: A wise decision for a...
Choices available for home buyers


PINJORE: CaℒL Giℛℒs In PiNjOrE 09915787550...
PINJORE: CaℒL Giℛℒ In PiNjOrE 09915787550...
how to gate my home loan certificate

NEWS THIS WEEK
Canara Bank earned a profit of 60%. Feb 6, 2015
New Branch of Laxmi Vilas bank at Vijayawada Jan 30, 2015
Home loan EMIs expected to drop down Jan 21, 2015
Corporation Bank received MSME banking excellence award 2014 Jan 19, 2015
Home loan rates set to fall, after reduction in repo rate Jan 16, 2015
News Archive