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4/23/13

Home Loan Process in DHFL | How home loans are Serviced

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You are here: Home > Home Loan > Home Loan Process
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Home Loan Process
www.dhfl.com/home-loan/home-loan-approval-process/

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dhfl. Step 1 – Assessment Step 2 – Conditional Loan Sanction Step 3 – Security Assessment Step 4 – Loan Disbursement Step 1 – Assessment At this stage. If you any questions at this stage or need help with this.4/23/13 Home Loan Process in DHFL | How home loans are Serviced Home Loan Enquiry Form * fields are compulsory Full Name *Full Name Email ID *Email ID Mobile/Landline *Mobile/Landline Eg:09876543210 Age Age (in years) City/Town *City/Town State Select State Employment Status Employment Status Property Selected: Property Selected Yes No Purpose of Loan Purpose of Loan Loan Amount *Loan Amount (`) Monthly Salary Monthly Salary Submit DHFL’s Home Loan Process. Four Major steps in a Home Loan approval process. Your dream home is not too far away now. is both simple and comprehensive. collate the essential documents required to process your home loan and submit it to us along with a cheque favouring “Dewan Housing Finance Ltd” for the initial processing fees. Our credit team will conduct income verification www. Here is a quick guide to the process we follow. as we at DHFL work on getting your loan application processed at the earliest. we work towards ensuring that you also get your home loan just as easily. At DHFL. we want to determine that you can afford the loan repayments. our home loan advisors are at hand to assist you with your application. abridge and shorten the process of acquiring your “Dream Home”. our focus is to simplify. which you can download right here. and the steps involved before you become the proud owner of a beautiful home you dreamt of. Once you have identified your “Dream home”. Our home loan application form. Simply fill it.com/home-loan/home-loan-approval-process/ 2/5 .

4/23/13 Home Loan Process in DHFL | How home loans are Serviced and validate the accuracy of the information you have provided. This means that we will issue a formal Letter of Offer cum acceptance favouring all the applicants to the loan. Upon receiving the funds you will start paying your first home loan repayment. We recommend all applicants read this document carefully.and take us that one step closer to fulfilling our mission – of providing everyone in India with a home of their own. we will determine if the property is suitable for mortgage lending purposes. Step 2 – Conditional Home Loan Sanction Considering there are no major issues with your income verification and credit checks.com/home-loan/home-loan-approval-process/ 3/5 . chain of agreements/title etc to determine if the property documents provided by you are conducive for lending.dhfl. Your DHFL Home loan executive will be there to guide you through this step and assist you in compiling documents should we require any further information. in this case we as a lender will obtain a credit report that will show the following details: Personal details such as: Name. Step 4 – Home Loan Disbursement Once you have formally accepted our loan offer. the disbursement cheque for the approved amount is prepared by the Operations Manager and it is handed over to you. it is always advisable to clarify and resolve any credit related issues before lodging your loan application. we at DHFL will provide conditional sanction for your loan. After clearance of the final processing fees cheque. sign and return it to us. a thorough scrutiny of all of the above steps is conducted by our Operations Team to ensure accuracy of the entire process. Step 3 – Security Assessment Technical Assessment: A qualified technical officer will conduct a valuation on the property you intend to purchase and any property that will be used as security. you and your family become a proud owner of your “Dream Home”. A credit check will then be carried out to reveal your credit history. Legal Assessment: A qualified lawyer will examine the property documents i. © Dewan Housing Finance Corporation Limited www. including an indicator on whether the default amount has been paid or not As your credit history plays an important part in the home loan application process. you need to submit the final processing fees cheque favouring “Dewan Housing Finance Ltd” to your DHFL executive. Once the final check is completed. usually one month after the disbursement date. And with these four simple steps.e. Based on the technical and legal assessment report. Date of Birth and PAN card number Records of some recent credit accounts Overdue Accounts (Defaults) which may have been listed against your name. making sure the information is correct and that everyone understands all the terms and conditions. Residential Addresses.

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4/23/13 Home Loan Process in DHFL | How home loans are Serviced Miscellaneous Loan Resources Home Loan Process Home Buying Tips Home Loan Documents Services and Charges My Loan Story NRI Services Property Services EMI Calculator Eligibility Calculator Privacy Policy www.dhfl.com/home-loan/home-loan-approval-process/ 5/5 .