DHFL Loan Against Property

DHFL was established and incorporated by Rajesh Kumar Wadhawan on 11 April 1984. The name of the company was changed to Dewan Housing Development Finance Ltd. and later to Dewan Housing Finance Corporation. In 2010, DHFL acquired the Deutsche Postbank Home Finance unit for ₹1079 crores. On 18 December 2013, DHFL acquired a 74% stake in DHFL Pramerica Life Insurance Company Ltd

Apply for Loan Against Property(LAP)

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  • Interest Rate


  • Loan Amount

    Up to ₹10Cr

  • EMI Per Lakh


  • Processing Fees

  • Pre-Payment Charges

    Up to 3% is levied on outstanding loan amount and it can be done only after six months of taking the loan.

Features & Benefits of DHFL Loan Against Property

DHFL (Dewan Housing Finance Corporation Limited) offers a Loan Against Property (LAP) product that provides individuals with the opportunity to unlock the value of their property and meet their financial needs. The Loan Against Property comes with several features and benefits designed to cater to the diverse requirements of borrowers. Here are some of the key features and benefits of a DHFL Loan Against Property:

High Loan Amount

DHFL provides substantial loan amounts against the market value of the property, allowing borrowers to access a significant portion of their property's worth to meet their financial requirements.

Flexible Repayment Tenure

DHFL offers flexible repayment tenure options for the Loan Against Property. Borrowers can choose a repayment period that suits their financial situation and repayment capacity.

Competitive Interest Rates

DHFL strives to offer competitive interest rates for their Loan Against Property.

Simple Documentation Process

DHFL aims to simplify the loan application and documentation process. The documentation requirements are straightforward and easy to fulfil, ensuring a smooth and hassle-free application process.

Quick Loan Processing

DHFL understands the importance of timely access to funds. Therefore, they endeavour to process loan applications efficiently, ensuring that borrowers can receive the funds they need in a timely manner.

Flexible End-Use of Funds

The funds obtained through DHFL Loan Against Property can be utilised for a wide range of purposes, including business expansion, debt consolidation, education expenses, medical emergencies, home renovation, or any other personal financial requirements. This flexibility allows borrowers to meet their diverse financial goals.

Balance Transfer Facility

DHFL provides a balance transfer facility, allowing borrowers to transfer their existing Loan Against Property from another financial institution to DHFL. This feature enables borrowers to take advantage of potentially better interest rates, favourable loan terms, or superior customer service offered by DHFL.

Top-up Loan Option

DHFL offers a top-up loan facility along with the Loan Against Property. Borrowers who require additional funds during the loan tenure can avail of a top-up loan, subject to the terms and conditions set by DHFL.

DHFL Loan Against Property - An Overview

DHFL (Dewan Housing Finance Corporation Limited) offers a Loan Against Property (LAP) as a financial product designed to help individuals unlock the value of their property and meet their financial needs. DHFL Loan Against Property allows borrowers to utilise the funds for various purposes, such as business expansion, debt consolidation, education expenses, medical emergencies, or other personal requirements.

The second home financing firm to be established in the nation was DHFL, founded in 1984. As a result of developing a reputation among clients for offering simple and affordable house loans, it is presently among India's top housing financing providers. With a network of about 365 branches, it conducts operations all over the nation from its base in Mumbai. In Dubai, United Arab Emirates, and London, United Kingdom, the corporation has representative offices abroad. In its industry, it is the second-largest private firm. Since it has been in business for over 30 years, DHFL is now well-known among customers.

DHFL Loan Against Property Fees and Charges

The DHFL levies the following fees and charges from the applicant for processing the loan request:

Type of Fees Fees 
Processing Fee  1%-2% of the loan amount 
Foreclosure Fee  Upto 3% of the loan amount

DHFL Loan Against Property Interest Rates

A secured loan offered by the DHFL allows borrowers to raise money using residential or commercial property as collateral. Depending on the application, this financial product's interest rate varies. The Cholamandlam loan against property usually has interest rates starting at 12.50% annually. The prices are subject to application, so the applicant should speak with the bank directly to obtain more information.  

Factors affecting DHFL Loan Against Property interest rates

Several factors influence the interest rates offered by DHFL for their Loan Against Property (LAP) product. Understanding these factors can help borrowers assess the potential interest rates and make informed decisions regarding their loan applications. Here are the key factors that affect DHFL Loan Against Property interest rates

Credit Score

The credit score of the borrower plays a significant role in determining the interest rate for a Loan Against Property. A higher credit score indicates good creditworthiness and responsible financial behaviour, leading to a higher chance of securing a lower interest rate.

Loan-to-Value (LTV) Ratio

The Loan-to-Value ratio is the percentage of the property value the borrower can avail of as a loan. A lower LTV ratio implies a lower risk for the lender, which may result in a more favourable interest rate.

Property Type and Valuation

The type of property being offered as collateral for the loan and its valuation can impact the interest rate. 

Repayment Capacity

The borrower's income, stability of income source, and existing financial obligations are taken into consideration to assess their repayment capacity. 

Loan Amount and Tenure

The loan amount and the repayment tenure chosen by the borrower can also influence the interest rate. Higher loan amounts or longer tenures may result in slightly higher interest rates.

Market Conditions

The prevailing market conditions, including the economic environment, inflation rates, and overall interest rate scenario changes, can impact the interest rates offered by financial institutions like DHFL.


The competitive landscape of the lending market also plays a role in determining interest rates. If there is intense competition among lenders, borrowers may be able to secure more favourable interest rates.

Documents required for DHFL Loan Against Property

DHFL (Dewan Housing Finance Corporation Limited) provides Loan Against Property (LAP) to individuals who own a property and need funds for various purposes. To apply for a Loan Against Property from DHFL, applicants are required to submit certain documents. These documents serve as proof of identity, address, property ownership, income, and other relevant information. Here is a list of commonly required documents for DHFL Loan Against Property:

Identity Proof

Aadhaar Card, Passport, Voter ID Card, Driving License, or PAN Card

Address Proof

Aadhaar Card, Passport, Voter ID Card, Driving License, Utility bills (electricity bill, telephone bill, etc.), or bank statement with address

Property Documents

Title deed or sale deed of the property, Encumbrance certificate, Allotment letter (if the property is from a government authority or development authority), Copy of approved building plan (for constructed properties), Property tax receipts, Possession certificate, or Conveyance deed (in case of a registered property)

Income Proof

Salary slips for the last 3-6 months (for salaried individuals), Form 16 and income tax returns for the last 2-3 years (for salaried individuals), Income tax returns for the last 2-3 years (for self-employed individuals), Profit and loss statement and balance sheet for the last 2-3 years (for self-employed individuals), Business proof, such as registration certificate, GST registration, etc. (for self-employed individuals), or Bank statements for the last 6-12 months

Other Documents

Passport-size photographs, Duly filled loan application form, Processing fee cheque or demand draft, Declaration of any existing loans or liabilities, or any other documents specific to DHFL's requirements

How does the EMI calculation work for DHFL Loan Against Property? 

The DHFL employs the following formulae to compute the EMI on the Loan against property.

EMI = [P x R x (1+R) ^ N] / [(1+R) ^ (N-1)],


  • P is the principal on the loan amount. 
  • R is the interest rate on the loan against the property,
  • N is the tenure within which the borrower has to conclude the repayment.

DHFL Loan Against Property Customer Care Number

The DHFL has established numerous channels to cater to the inquiries and requirements of its customer base in the country. Customers can contact the following number for all banking-related queries.

Customer Care Numbers

  • For new customers: 1800 22 3435
  • For existing customers: 1800 3000 1919 (Mon to Sat:  9 AM to 6 PM)
  • Email ID: response@dhfl.com


From refinancing to reducing your interest, we have the answers right here.

What are the benefits DHFL Provides on loan against property?

The borrowers may get funds from a DHFL loan against property up to 60% of the value of the property. DHFL offers various repayment options and affordable interest rates with its customised lending solutions. Given applications are completed in three days, a DHFL loan secured by your property may be the ideal option for all your financial needs.

Does DHFL have a fixed rate of interest on a loan against property?

DHFL provides loan against property at both fixed and variable interest rates.

Does DHFL Check for CIBIL Score for loan against property?

The whole CIBIL record is thoroughly examined when analysing the home loan application. The likelihood that DHFL will approve a loan application increases with credit score, and vice versa. To be eligible for a home loan with DHFL, you must have a credit score of at least 650. 

What is the maximum and minimum loan against property amount I can get from DHFL?

DHFL provides a minimum of Rs. 15 Lakhs and a maximum of Rs. 10 Crores of loan against property.

What KYC documents will I have to submit to apply for a loan against property from DHFL?

The KYC documents that one needs to submit to apply for a loan against property from DHFL are Aadhar Card or any other identity proof issued by the government and income proof.

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