LEASE RENTAL DISCOUNTING By DHFL

Features and Benefits of DHFL Lease Rental Discounting

 

  • Eligibility – DHFL Lease Rental Discounting loans can be availed by Salaried, Self Employed Professionals and Self Employed Non-Professionals
  • Min and Max Loan Size -Avail loan from ` 15 Lacs up to ` 10 crore
  • Tenure – Depends on existing lease agreement terms
  • Maximum Loan Amount
  • Door Step Service
  • Realise your dreams faster
  • Easy Documentation
  • SERVICES AND CHARGES OF DHFL

CHARGES FOR DHFL HOME LOANS

DHFL ensures that you get the best services on your home loan, please find below the charges applicable on services associated with your home loan:

Charges
Home Loans

Processing Fee – Housing Loans
A. Salaried/SEP – ` 5000 to `20,000 + Doc Charges + Taxes, SENP – 1.5% + Taxes
B. Upfront – Minimum ` 2500/ +ST or applicable PF whichever is lower + Taxes. Remainder processing fees (as calculated on sanctioned value) to be collected before Loan disbursement.

 
Proposed norms to be applicable for DHFL and EWFB
 

Housing Loans

 
ROI Type
Disbursment Stage
Charges

Part Pre-Payment
Fixed / Variable Rate of Interest
Part / Full Disbursement Stage
NIL

Borrowed source (BT
2% + S.T.

Foreclosure
Own Source
NIL

Part Pre-Payment
Variable Rate of Interest
4 times in a Year(Part/ Full Disbursement stage
NIL

Foreclosure
Variable Rate of Interest
Within 6 Months(From 1st Disbursment)
Only interest for the unutilized period out of 6 months from the date of first disbursment to be collected

After 6 Months
NIL

Prepayment Charges
(Plot loans / Easy Land-cum Construction Loans)
3% in case the dwelling unit is not constructed on the plot within 3 years from the date of first disbursement of the loan.

Cheque/ECS Bounce Charges (Per Instrument/Transaction)
Cheque return charge of INR 250/- + service tax as applicable per instrument is payable in case of a dishonored cheque and ECS.

Overdue Charges on default instalment (EMI/Pre-EMI)
18% Per annum on the outstanding dues

Re-Substitution Charges

For Housing Loans

Category
Loan Amount
Entity
Applicable ROI DHFL (Salaried /SEP /SENP)

Housing Loans
Up to ` 30 Lacs
Salaried / SEP
10.25%

SENP
10.75%

Above ` 30 Lacs to `75 Lacs
Salaried / SEP
10.50%

SENP
11.00%

Above 75 Lacs to `150 Lacs
Salaried / SEP
10.50%

SENP
11.50%

Loans above ` 150 Lacs to 300 Lacs
Salaried / SEP
10.75%

SENP
12.00%

Loans above ` 300 Lacs
Salaried / SEP
11.00%

SENP
12.75%

 

Legal Charges
Legal charges as applicable on case to case basis

Late Payment Charges
1.5% per month

Miscellaneous Costs
DHFL levies a minimal charge of ` 220 only for Standard documentation charges.

For Home Loans which are sanctioned but not disbursed.
For all Home loan applications received, if the application is either not sanctioned or sanctioned but not disbursed, the documents will be retained for a period of 6 months for the applicant to request return. The documents not requested back by the applicants for 6 months, will be shredded/destroyed thereafter.

Conversion Charges

Conversion Fees
Housing Loans

Up to 75 Lac
` 2500/- + Service Tax

Above 75 Lac
` 5000/- + Service Tax

CERSAI Charges
-

At the time of Disbursement : Creation of Charge
` 500 (for Loans>5Lacs) ` 250 (for Loans<5Lacs)

At the time of Modification of Charge ( in case of Top Up)
` 250/-

At the time of Loan Closure: – Satisfaction of Charge
No Charges

Recovery Charges(Legal /Repossession & Incidential Charges)
As per actuals

Demand Draft/Pay Order issuance Charges
` 150/- per lac or actual Bank Charges, whichever is higher + ST

RTGS Charges
Nil

Annual Service Charges for Variable EMI Loan
NA

Non Postal Stamp
As applicable law of the state

Non-encumbrance Certificate
As per actuals

Technical Fee Collected
(for additional property or property situated outside geographic limit or for pre technical)
A. Within 60 Kms radius – Nil
B. Beyond 60 kms – Rs 500 for first Visit and Rs 750/ for subsequent Visit.

Cheque/ECS Swapping Charges (per set)
` 250/-

Duplicate No Dues Certificate
` 250/-

Copy of Property Papers
` 500/-

Duplicate Annual Account Statement, Provisional Certificate
` 250/-

Custodial Fee for keeping Property Documents in Closed Loans
` 500 per month (post 60 days from loan closure date) + ST

Cash Collection Charges
1% of Cash Collection for ` 50000/- and above + Service Tax

Loan prepayment/closure (fully) statement charges
` 500/-

Each Personal Visit to customer’s place for collection of dues
` 250/- per visit plus applicable service tax

Documents Retrieval and Handling Charges
(Chargeable at the time of handing over security documents on closure of loan)
` 1000/- for loan upto ` 10 Lacs and ` 2000/ for loan above ` 10 Lacs + ST

Valuation fee in Construction Linked Loan cases
1 visit free. Beyond that to be charged at ` 500/- per visit

Easy Home Loan Deposit (EHLD) – Saving Phase

Cheque/ECS Bounce Charges
As per the applicable Bank Rate

Duplicate Certificate Charges
Rs.100/- + ST

Duplicate Accounts Statement/Receipt
Rs.100/- + ST

Contract Amendment Charges
Rs.100/- + ST

Cheque/ECS Bounce Charges
As per the applicable Bank Rate

Free Services

Annual Account Statement, Provisional Certificate
Free of cost for first time

Loan Application Form
Free of cost

No Dues Certificate
Free of cost for first time

Annual EHLD Payment Certificate
Free of cost for first time

Duplicate Fixed Deposit Receipt
Free of cost for first time

Note:

  • Service Tax and other taxes, levies etc are applicable as per prevailing rates over and above these charges
  • The rates, fees, charges etc as stated herein above are subject to changes / revision from time to time at the sole discretion of DHFL
  • CERSAI chargesr are as per Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI)

 

 

CHARGES FOR DHFL MORTGAGE LOANS

DHFL ensures that you get the best services on your mortgage loan, please find below the charges applicable on services associated with your mortgage loan:

Charges
Mortgage Loans

Processing Fee – Mortgage Loans (Top-up, Loan Against Residential Property, Easy Plus)
A. Salaried/SEP – ` 5000 to `20,000 + Doc Charges + Taxes, SENP – 1.5% + Taxes
B. Upfront – Minimum ` 2500/ +ST or applicable PF whichever is lower + Taxes. Remainder processing fees (as calculated on sanctioned value) to be collected before Loan disbursement.

 
Proposed norms to be applicable for DHFL and EWFB
 

Mortgage Loans

 
ROI Type
Disbursment Stage
Charges

Prepayment Charges
Fixed / Variable Rate of Interest
Within 6 Months
(From 1st Disbursment)
4% + S.T.

After 6 Months
(From 1st Disbursement) (If any of the borrower / Co-borrower is other than Individual.)
3% + S.T.

Foreclosure
After 6 Months
(From 1st Disbursement)
Nil

Within 6 Months
(From 1st Disbursment)
4% + S.T.

After 6 Months
(From 1st Disbursement) (If any of the borrower / Co-borrower is other than Individual.)
3% + S.T.

After 6 Months
(From 1st Disbursement)
Nil

Prepayment Charges
(Plot loans / Easy Land-cum Construction Loans)
3% in case the dwelling unit is not constructed on the plot within 3 years from the date of first disbursement of the loan.

Cheque/ECS Bounce Charges (Per Instrument/Transaction)
Cheque return charge of INR 250/- + service tax as applicable per instrument is payable in case of a dishonored cheque and ECS.

Overdue Charges on default instalment (EMI/Pre-EMI)
18% Per annum on the outstanding dues

Re-Substitution Charges

For Mortgage Loans

 

Category
Product
ROI on Conversion Fee of 1.00%

Non Housing and Commercial
Loan Against Plot
13.75%

Lease Rental Discount
13.75%

Loan Against Property / Top Up
13.75%

Legal Charges
Legal charges as applicable on case to case basis

Late Payment Charges
1.5% per month

Miscellaneous Costs
DHFL levies a minimal charge of ` 220 only for Standard documentation charges.

For Home Loans which are sanctioned but not disbursed.
For all Home loan applications received, if the application is either not sanctioned or sanctioned but not disbursed, the documents will be retained for a period of 6 months for the applicant to request return. The documents not requested back by the applicants for 6 months, will be shredded/destroyed thereafter.

Conversion Charges

Conversion Fees
Non-Housing Loans

Up to 75 Lac
1% of Current POS

Above 75 Lac
1% of Current POS

CERSAI Charges
-

At the time of Disbursement : Creation of Charge
` 500 (for Loans>5Lacs) ` 250 (for Loans<5Lacs)

At the time of Modification of Charge ( in case of Top Up)
` 250/-

At the time of Loan Closure: – Satisfaction of Charge
No Charges

Recovery Charges(Legal /Repossession & Incidential Charges)
As per actuals

Demand Draft/Pay Order issuance Charges
` 150/- per lac or actual Bank Charges, whichever is higher + ST

RTGS Charges
Nil

Annual Service Charges for Variable EMI Loan
NA

Non Postal Stamp
As applicable law of the state

Non-encumbrance Certificate
As per actuals

Technical Fee Collected
(for additional property or property situated outside geographic limit or for pre technical)
A. Within 60 Kms radius – NilB. Beyond 60 kms – Rs 500 for first Visit and Rs 750/ for subsequent Visit.

Cheque/ECS Swapping Charges (per set)
` 250/-

Duplicate No Dues Certificate
` 250/-

Copy of Property Papers
` 500/-

Duplicate Annual Account Statement, Provisional Certificate
` 250/-

Custodial Fee for keeping Property Documents in Closed Loans
` 500 per month (post 60 days from loan closure date) + ST

Cash Collection Charges
1% of Cash Collection for ` 50000/- and above + Service Tax

Loan prepayment/closure (fully) statement charges
` 500/-

Each Personal Visit to customer’s place for collection of dues
` 250/- per visit plus applicable service tax

Documents Retrieval and Handling Charges
(Chargeable at the time of handing over security documents on closure of loan)
` 1000/- for loan upto ` 10 Lacs and ` 2000/ for loan above ` 10 Lacs + ST

Valuation fee in Construction Linked Loan cases
1 visit free. Beyond that to be charged at ` 500/- per visit

Easy Home Loan Deposit (EHLD) – Saving Phase

Cheque/ECS Bounce Charges
As per the applicable Bank Rate

Duplicate Certificate Charges
Rs.100/- + ST

Duplicate Accounts Statement/Receipt
Rs.100/- + ST

Contract Amendment Charges
Rs.100/- + ST

Cheque/ECS Bounce Charges
As per the applicable Bank Rate

Free Services

Annual Account Statement, Provisional Certificate
Free of cost for first time

Loan Application Form
Free of cost

No Dues Certificate
Free of cost for first time

Annual EHLD Payment Certificate
Free of cost for first time

Duplicate Fixed Deposit Receipt
Free of cost for first time

Note:

  • Service Tax and other taxes, levies etc are applicable as per prevailing rates over and above these charges
  • The rates, fees, charges etc as stated herein above are subject to changes / revision from time to time at the sole discretion of DHFL
  • CERSAI chargesr are as per Central Registry of Securitization Asset Reconstruction and Security Interest of India (CERSAI

 

CHARGES FOR DHFL SME LOANS

Description of Applicable Charges for DHFL SME Loans

Description of Charges
Business loan
Property Term Loans
Plant &Machinery
Medical Equipments

Loan Processing Charges
2%
1.75%
2.00%
1.25%

Application fees
Rs 5000
Rs 5000
Rs 5000
Rs 5000

Cheque bounce charges
Rs 500/- per instance
Rs 500/- per instance
Rs 500/- per instance
Rs 500/- per instance

Penal charges for late payments
2.5% on EMI
2.5% on EMI
2.5% on EMI
2.5% on EMI

ECS/Cheque swapping charges
Rs. 500 per swap
Rs. 500 per swap
Rs. 500 per swap
Rs. 500 per swap

Amortization Schedule Charges
Rs. 500/-
per schedule
Rs. 500/-
per schedule
Rs. 500/-
per schedule
Rs. 500/-
per schedule

Statement of Account Charges
Rs. 500/-
per schedule
Rs. 500/-
per schedule
Rs. 500/-
per schedule
Rs. 500/-
per schedule

Foreclosure Statement Charges
Rs. 500/-
Rs. 500/-
Rs. 500/-
Rs. 500/-

Legal / repossession and incidental charges
Actuals
Actuals
Actuals
Actuals

Valuation Charges
NA
As per Actuals
As per Actuals
As per Actuals

Foreclosure Charges
 

a. No part pre-payment will be allowed for first 6 months
NA

b. Within 7 months to 24 months from the Agreement Date
5%

c. Within 24 months to 36 months from the Agreement Date
3%

d. Within 36 months and above
2%

Part Pre-Payment Charges(of the prepaid loan amount)
 

a. No part pre-payment will be allowed for first 6 months
NA
NA
NA
NA

b. Within 7 months to 24 months from the Agreement Date
5%

c. Within 24 months to 36 months from the Agreement Date
3%

d. Within 36 months and above
2%

Part Pre-payments will be allowed only once in a Financial Year

Sevice Charges Applicable on the above charges.

 

 

Eligibility Criteria For DHFL

 

  • Property Value
  • Repayment Capacity
  • Assets
  • Liabilities
  • Age
  • Legal & Technical Clearance of the property title

About

DHFL was established by Late Shri Rajesh Kumar Wadhawan (16th April, 1949-30th September, 2000), a visionary Indian businessman.

The Founder Chairman observed the sad truth that most Indians couldn’t get a housing loan on fair terms. He believed that owning a home is a critical element to the building of an identity for every Indian. He thus set out on a mission to manage this social need. On April 11, 1984, DHFL was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance Company to be established in the country, however, with a unique mission, which is today benchmark as a model of financial inclusion in the Indian financial services sector.

While most experts lauded Shri Rajesh Kumar Wadhawan’s altruism, they posed pragmatic apprehensions on the possibility of this Vision becoming a reality. However, that did not influence the visionary’s mission. DHFL disbursed funds from its own equity contribution and had a return of less than 8% at a time when interest rates were about 18%. But, what DHFL ascertained was the difference between those who see things as they are and the visionaries who see things as they can be.

 

Over 30 years have passed since the Company’s inception and today DHFL stands strong as one of India’s largest housing finance companies (and the second largest in the private sector). Today, led by Mr. Kapil Wadhawan, the Company is still living the Founder’s Dream and enabling access to home ownership. It is profitably doing what its Founder intended it to do.

DHFL takes pride in its purpose-driven team of enthusiastic people who are willing to carry on the Founder’s vision and transform the housing sector in India by providing affordable housing finance.

The Company has encouraged hundreds of thousands of people to make that upward journey by simplifying financial access and providing them with the privilege of home loan products, insurance services and unique fixed deposit schemes tailor made to suit their needs.

Based in India’s commercial capital Mumbai, DHFL strives continually to reach out to its customers through its extensive network of 365 offices spread across the length and breadth of the country, and international representative offices, in Dubai, UAE and London, UK. DHFL also has tie-ups with leading public and private sector banks namely Punjab & Sind Bank, United Bank of India, Central Bank of India and YES bank to provide home loans to customers through a home loan syndication agreement. DHFL has also set up representative offices in London and Dubai to serve the ever increasing NRI population in these regions. It has also tied up with UAE Exchange to offer its home loan products through the various UAE Exchange centers in the GEC countries.

DHFL has been assigned a rating ‘CARE AAA (Triple A)’ by CARE and ‘AAA’ by Brickworks for various secured long term debt instruments and CRISIL have assigned ‘CRISIL A1+’ rating for short term debt.

About

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