DHFL Home Renovation Loan

The DHFL home renovation loan is an appealing credit option if you are planning to renovate your house. Whether you are a salaried employee or own a big or small business, this financial institution ensures you get the best interest rates available in the market. The loan further features easy-to-meet eligibility criteria, hassle-free documentation, and online application, enabling you to apply from the comfort of your home. Hence, to bring your long-awaited dream to life, Urban Money provides all the essential information about the DHFL home improvement loan. It includes the expected DHFL home improvement loan interest rates, eligibility, documentation, and other pertinent features. These help you to make more informed decisions and eliminate unpleasant surprises during your application process.

DHFL Home Renovation Loan – Highlights

Here are the key parameters of the DHFL home renovation loan:

DHFL Home Renovation Loan Features & Benefits

Following are the expected features and benefits of the DHFL home improvement loan:

• Flexible Loan Amount
• Competitive Interest Rates
• Longer Repayment Tenure
• No Hidden Charges
• Quick Loan Disbursal
• Online Account Management

DHFL Home Renovation Loan Interest Rates

The details on DHFL home improvement loan interest rates are given below:

DHFL Home Renovation Loan Eligibility Criteria

Have a close look at the applicable eligibility criteria for a DHFL home renovation loan:

• Age Requirement: You must be between 21 and 60 years old at loan maturity.
• Employment Status: You must be either a salaried or self-employed individual.
• Income Criteria: You must have a regular source of income to cover the loan EMIs. 
• Credit Score: You must have a good credit score, preferably 700 or higher. 
• Nationality: You must be an Indian citizen. 

DHFL Home Renovation Loan Documents Required

Let’s examine the required documents for a DHFL home improvement loan:

• Mandatory Documents: PAN card, duly filled application form, recent photographs. 
• KYC Documents: Aadhaar card, voter ID, passport, utility bill, or driving license.
• Income Documents: 3-month salary slip, 6-month bank statement, and latest Form 16. 
• Property Documents: Sale deed, property tax receipt, possession certificate, etc. 

DHFL Home Renovation Loan Processing Fees and Other Charges

Let’s examine the fees and charges associated with the DHFL home renovation loan.

DHFL Home Renovation Loan – Terms and Conditions

The DHFL home renovation loan is a secured credit option requiring you to submit property or assets as collateral. This collateral provides security for the lender and often results in lower interest rates. However, if you fail to repay the loan, the collateral can be seized, and you could lose your property or assets. This makes it crucial to make timely payments to avoid any risk of losing what you have pledged.