Established in 1984, Dewan Housing Finance Corporation Limited (DHFL) is
the second largest housing finance company in the private sector in
India. Over the years, DHFL has built up a considerable business
portfolio with products such as Home loan, Home extension loan, Home
improvement loan, Plot loan, Mortgage loan Leased Rental Finance and
Aashray deposit.
DHFL Home Loans are offered to individuals, co-operative societies,
corporate bodies and associations of persons. The maximum loan offered
by DHFL can go up to Rs 1 crore and the home loan finances up to 85%
maximum of the cost of the property.
DHFL's Home Improvement Loans are offered to individuals to facilitate
renovation and repairing of homes. The maximum repayment period can be
up to 10 years or retirement age or 60 years of age, whichever is
earliest.
DHFL's Saksham is a reverse mortgage scheme meant for senior citizens.
'Saksham' uses the value of the mortgaged house to provide the
individual a fixed monthly annuity (sum). The borrower and his spouse
can continue to live in the house for their lifetime. Indian citizens,
who are of or over the age of 60 years and possess a house with a free
and clear title, are eligible under this plan.
DHFL's Amar Chhaya is a unique home loan linked life insurance plan
which provides complete security to the family in the event of an
unfortunate death of the home loan customers. In the event of death, SBI
Life pays the balance loan amount directly to DHFL, thus providing
complete freedom to the family.
