This comprehensive guide covers everything you need to know about securing a DHFL Home Loan in Bangalore. We detail the latest interest rates for 2025, eligibility criteria, required documents, application process, and branch locations to help you finance your dream home in the city.
Introduction: DHFL Home Loan in Bangalore
For aspiring homeowners in India’s tech capital, a DHFL Home Loan in Bangalore has been a popular route to property ownership. Known for its quick approval times, flexible eligibility parameters, and competitive interest rates, DHFL aimed to simplify the home buying journey. With a digital-first approach and a network of convenient branches across the city, it was a leading choice for many looking to own property in Bangalore.
DHFL Home Loan Highlights
| Criteria | Details |
| Interest Rate | 9.49% – 11% p.a. |
| Loan Amount | ₹1 lakh to ₹7 Crore |
| Tenure | Up to 30 years |
| Loan to Value (LTV) | Up to 90% |
| Processing Fee | Up to 3% + applicable taxes |
Eligibility Criteria
- Age of Applicant: 21 to 65 years (for self-employed individuals, up to 70 years).
- Employment: Salaried individuals, self-employed professionals, and business owners.
- Residency: Available for both Indian residents and Non-Resident Indians (NRIs).
- Work Experience: Salaried (minimum 2 years), Self-employed (minimum 5 years in business/profession).
- Credit Score: A CIBIL score of 650 or higher is recommended.
Documents Required
- Duly filled and signed home loan application form.
- Identity Proof: Aadhaar Card, PAN Card, Passport, Voter ID.
- Address Proof: Utility bills (electricity, water), Passport, Registered Rent Agreement.
- Income Proof:
- Salaried: Recent salary slips, Form 16, bank statements for the last 6 months.
- Self-employed: Business financials, ITR returns for the last 2-3 years, business bank statements.
- Property Documents: Sale deed, title deed, approved building plan, and NOC from the society/authority.
How to Apply for a DHFL Home Loan
- Visit the official DHFL website or a trusted financial partner platform.
- Fill out the online application form accurately and upload scanned copies of all required documents.
- Await verification and a follow-up call from a DHFL relationship manager for further steps.
- Track your loan application status online through the customer portal or by visiting your nearest branch.
DHFL Home Loan Branch Locations in Bangalore
- Jayanagar, South End, Ragigudda Circle
- Koramangala, LV Complex
- Rajajinagar, Dr. Rajkumar Road
- Sangam Circle, JK Tower
- Brigade Plaza, Anand Rao Circle
DHFL Home Loan Interest Rates 2025
| Loan Scheme | Loan Amount | Interest Rate | Tenure |
| DHFL Home Loan | ₹5 lakh – ₹2 crore | 11% onwards | Up to 30 years |
| DHFL Construction Loan | Up to 90% of Property Value | 11% onwards | Up to 30 years |
| DHFL Renovation Loan | ₹5 lakh – ₹2 crore | 11% onwards | Up to 30 years |
| DHFL Home Loan Transfer | Case-based | 11% onwards | Varies |
| PMAY Scheme Loan | Up to ₹18 lakh | 11% onwards | Up to 20 years |
Benefits & Features
- Flexible repayment options and long tenure.
- Minimal paperwork with a digital application process.
- Balance transfer facility from other banks and lenders.
- High loan-to-value (LTV) ratio, making home ownership more accessible.
- Tax benefits under Sections 80C and 24(b) of the Income Tax Act.
Tax Benefits with DHFL Home Loan
- Section 80C: Deduction of up to ₹1.5 lakh per financial year on the principal repayment amount.
- Section 24(b): Deduction of up to ₹2 lakh per financial year on the interest paid on the home loan.
Frequently Asked Questions (FAQ)
Q: Is a DHFL home loan available to NRIs?
A: Yes, DHFL home loans were available to both resident Indians and Non-Resident Indians (NRIs) with specific documentation for each category.
Q: What is the minimum credit score needed?
A: A CIBIL score of 650 or higher is typically recommended for a smooth approval process.
Q: How quick is the approval process?
A: With all documents in order, the approval process could be completed within 7 to 10 working days.
External Resources & Disclaimer
Disclaimer: Please note that Dewan Housing Finance Corporation Limited (DHFL) underwent a resolution process and its assets and liabilities were acquired by Piramal Capital and Housing Finance Limited. The information in this article is based on DHFL’s offerings prior to this acquisition and is maintained for informational purposes. For current home loan products, please refer to Piramal Housing Finance or other active lenders.
Income Tax India: https://www.incometaxindia.gov.in/
Piramal Housing Finance: https://www.piramalhousingfinance.com/
