Home Loan

Realise your dream of owning your own home with Home Loans from DMI Housing Finance. Our swift and effortless application process accompanied by our transparent loan processing makes it easy for you to see if you qualify. Our low processing charges together with attractive interest rates make our home loans affordable for all.

You can avail loans for 

  • Purchase of new property
  • Construction of new property
  • Composite loan (finance for purchase of a plot and construction of a residential house)

Features

DMI Home Loans offers the best in-class features to the widest range of borrowers seeking to buy their dream home. While every home loan is a very personalized need of the borrower and makes the best effort to understand the requirement and provide him with the most customized home loan, some of our salient features are presented below:

  • Maximum Loan: 80% of the market value of the property and based on the repayment capacity  of the customer for loans 
  • Maximum Term: 20 years subject to your retirement age.        
  • No hidden charges
  • Customized repayment options

Benefits

Home loans come with a dual advantage, tax benefits and rent saving. Both these elements contribute towards EMI outflow. Appreciation in the property value is an additional bonus. 

Here is a list of benefits that you can avail from us:  

  • Quick processing and disbursal of loan
  • Minimum document for loan approval
  • Experienced staff to provide doorstep services
  • Approval of loan even if property is yet to be selected
  • Facility for funding for builder’s under construction and ready properties

Discover and set free the locked value of your property by availing our Loan Against Property to finance your personal needs like education and marriage or the professional requirements of a growing business like purchase of commercial property or office equipment.

Features

  • Maximum Loan: 60% of the market value of the property and based on the repayment capacity  of the customer for loans  
  • Maximum Term: 15 years subject to your retirement age.        
  • No hidden charges
  • Customized repayment options

Documents Required (All documents to be self- attested)

1) PHOTOGRAPH OF APPLICANT & CO-APPLICANT

2) DATE OF BIRTH PROOF (any one of the below)

  • Photo Pan Card
  • Adhar UID
  • Driving License
  • Voter ID card (having complete Date of Birth)
  • 10th Pass certificate
  • School leaving Certificate
  • Passport

3) ADDRESS PROOF (any one of the below)

  • Adhar UID
  • Latest Telephone Bill (Land Line/ Post Paid mobile)
  • Gas Connection Bill Showing full Address
  • Copy of Leave and Licensed/ Rent Agreement registered or notarized (in case of rented premises)
  • Copy of title deed in case the premises are owned
  • Property tax receipt
  • Water Bill
  • Driving License
  • Bank passbook with first page having full address that matches with applicant address on application form
  • Voter ID
  • Ration Card
  • Passport
  • Latest Electricity bill
  • Notarized Affidavit

4) ID PROOF (any one of the below)

  • Adhar UID
  • Pan Card
  • Driving License
  • Bank Passbook with stamp on Photo
  • Voter ID card
  • Employee ID card issued by Govt PSU, defense Establishment
  • Photo on Ration Card
  • Valid Photo credit or debit card (with signature printed
  • Passport

5) SIGNATURE VERIFICATION (any one of the below)

  • Photo Pan Card
  • Driving License
  • Bank Verification
  • Passport
  • Valid credit or debit card (With signature printed)
  • Copy of registered title deed

6) INCOME PROOF (any one of the below)

  • Last 3 month salary slips for the salaried
  • Last form 16 for the salaried
  • Last 3 year ITR for SENP computation of P & L and B/S for SENP

7) BANK STATEMENT 

  • Last 6 month bank statement for salaried cases
  • 12 month bank statements for Self Employed Cases (Current and Saving)

8) PROCESSING FEE CHEQUE/ DD

9) OBLIGATION IF ANY AND RUNNING EMI STATEMENT

Additional Documents for Self Employed

10) PROOF OF OPERATING ADDRESS (any one of the below)

  • Sale Tax Certificate
  • Service Tax Certificate
  • Vat Registration certificate
  • Shop and Establishment License
  • Telephone Bill
  • Electricity Bill
  • Latest Bank Account Statement in the name of entity with full address which matches with application form
  • IT Assessment Order □ Leave and License agreement (notarized/ registered) in the name of the entity if the entity is operating business from a rented premises

11) 3 YEARS BUSINESS CONTINUITY PROOF (any one of the below)

  • Shop establishment certificate
  • ITR’s
  • Receipt of VAT/ST/Any other Mandatory License
  • Any other Documents

Property Documents if Property has been finalized:

  • COPY OF CHAIN TITLE DEEDS
  • COPY OF MAPP/PERMISSION
  • COPY OF REVENUE RECORD
  • ESTIMATE OF CONSTRUCTION IN CASE OF CONSTRUCTION CASE


CHARGES   (W.e.f. 01/Feb/2017)

Please find the schedule for part payment / foreclosure request

 

Activity

Period (Dates)

Document

Method

Part payment

6th of month to 25th of the Month

Application from customer

Draft / NEFT / Cheque

Foreclosure

6th of month to 25th of the Month

Application from customer

Draft / NEFT / Cheque

Document Hand Over (foreclosure )

6th of month to 25th of the Month

Application from customer

Draft / NEFT / Cheque

 

 

 

EMI Calculator
X
Quick Enquiry

Required *

 
Apply Now

Required *

Please download
Application Form