Loan comparison of IIFL Finance Home Loan vs Dewan Housing Finance Corporation Ltd. Home Loan

Interest Rate

8.20% - 8.70 onwards per annum
8.75% onwards per annum

Loan Amount

Up to 2 to 5 Cr
* Up to 90% of the cost of the chosen selected property * Up to Rs. 30 Lakh (depends upon the loan amount requirement)

Loan Tenure

Up to 25-30 Years
Up to 25 to 30 years

Loan Processing fees

Up to 1.25 of the loan amount + GST
* For Salaried/Self Employed Professional (SEP): 0.5% + Applicable GST * For Self Employed Non Professional (SENP): Net PAT: 0.5% + Applicable GST * Others : 1.0% + Applicable GST

EMI per Lakh

Rs. 748 Per Lakh
Rs. 787 Per Lakh

Part Payment Charges

5% within the first year of disbursement and 1% after the first year of the last disbursement
* If Borrower/ co-borrower is Individual: No Charges * If Borrower/ co-borrower is other than Individual: 2% + Applicable GST

Minimum Income

Rs. 25,000 per month and above
A person whose income is considered; Rs. 10,000- Rs. 25,000 per month and above


* PAN/Passport/Driving license/Election /Voters ID card/Aadhaar Card

* Job card issued by NREGA duly signed by the officer of the State Government/ Letter issued by the National Population Register containing details of name and address

* Copy of complete chain documents of the property

* Copy of approved plan (if available) 

* Proof of Income                  

* PAN card/Valid Passport/Voter ID card/Driving license/Aadhar Card/Utility Bill: Electricity, Telephone, Postpaid mobile, water bill etc./Ration card/Letter from employer/Bank statement /copy of Passbook reflecting address/Valid Rent Agreement/Sale Deed 

Income Documents for Salaried Individuals:

* Salary slips for the last 2 months or salary certificate/Cash Salary – Income details on Company Letterhead/Copy of bank statements for the past 3 months (salary account) 

Income Documents for Self-Employed Professional:

* Certificate of qualification for professionals: CA, Doctors or Architects/Copy of last two years’ income tax returns, along with computation of income/Copy of last two years’ P/L account with all schedules and audited balance sheet/VAT or Service Tax returns or TDS Certificate/Bank statement for the last 6 months (Savings account, current account and O/D account) Property Documents:

* Allotment letter from builder/Agreement of Sale/Registration and stamp duty receipt/Index- ii/NOC from builder/Own Contribution Receipt (OCR )/Development Agreement/Tripartite Agreement/Partnership Deed/Sale Deed/Title Search Report/NA order

More comparisions with IIFL Finance Home Loan

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