Dhanalakshmi Bank Home Loan Interest Rate at 9.35% to 10.50%
| INTEREST RATE | 9.35% to 10.50% |
| LOAN TENURE | 20 Years |
| PROCESSING FEE | 1% of the Loan Amount, subject to a minimum of Rs.10,000 plus taxes as applicable |
| GUARANTOR REQUIRED | Please Contact Bank Branch |
| PRE CLOSURE CHARGES | As decided by the bank from time to time |
Calculate Dhanalakshmi Bank Home Loan EMI Calculate EMI Now
About Dhanalakshmi Bank
Dhanalakshmi Bank is a private sector bank in india. Dhanalakshmi Bank was founded on 1927. It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.
Find details about Dhanalakshmi Bank which includes Dhanalakshmi Bank Official Website, Dhanalakshmi Bank ATMs accross the India, Dhanalakshmi Bank Branches accross the India, Dhanalakshmi Bank Contact Numbers, Dhanalakshmi Bank official EmailID, Dhanalakshmi Bank Headquarter and Dhanalakshmi Bank Headquarter Address. Find Dhanalakshmi Bank Home loan purpose, Eligibility, Margin, Repayment of Home Loan ,Security, Document Required for Home Loan from below.
Why Dhanalakshmi Bank Home Loan?
- Dhanalakshmi Bank provides a range of Home Loan Schemes designed for different needs of customers
- Interest Rate is very competitive and affordable
- Minimal Documentation
- It provides Flexible Repayment Options to the borrowers
- Easy and fast approval & disbursal of home loans
- Has dedicated team of well-experienced employees which also offer personalised service
- 24/7 customer care service of Dhanalakshmi Bank offers timely assistance to the customers
Dhanalakshmi Bank Home Loan Purpose
Construction of house or flat for new dwelling units, purchase of residential plots, cost for existing dwelling units | repairs, transfer of an existing home loan from another financial institutionDhanalakshmi Bank Home Loan Eligibility
- The applicant must be an Indian citizen or a fully documented NRI. He, essentially, must be a Person of Indian Origin (PIO).
- The applicant's age must be in the range of 18 years and 70 years at the time of loan maturity.
- The applicant must be salaried or self-employed with a regular income.
- The applicant must earn more than the minimum required income.
Dhanalakshmi Bank Home Loan Document Required
- Duly filled and signed application form with photograph
- Identity Proof- Aadhar Card, PAN Card, Passport, Driving License, Voter id card, ID-card issued by Government
- Address Proof - Aadhar Card, Passport, Driving License, Voter id card, Electricity/ Telephone/ Post-Paid Mobile bill, Bank statement
- Age Proof - Passport, Birth Certificate, PAN card, Driving License, Voter id card, Employee ID card (only for PSU/ Government employees), School/ College leaving certificate
- Form 16
- Latest 6 months salary slips for salaried persons
- Bank Statement of last 6 months
- Income Tax Returns (ITR) of last 3 years
- Last 3 years CA Certified or Audited Balance Sheet and Profit & Loss Account
- Processing fee Cheque
- Copies of the title documents of the property and the approved plan
- For Construction/ Renovation case, cost estimate from the Architect
Tax Benefits of availing Dhanalakshmi Bank Home Loan
There are two types of tax benefits associated with home loan for Resident Indians:
Repayment of the Principal Amount: One can get a Tax rebate under section 80C of the Income Tax Act on whole amount repaid by him in a financial year, maximum upto Rs. 1,50,000/- each financial year (Increased from 1 Lakh to Rs. 1.5 Lakh in Budget 2014).
Repayment of the Interest on Home Loan: Tax Benefit on Home Loan for payment of Interest is allowed as a deduction under Section 24(1) of the Income Tax Act. One is eligible for a Tax Rebate of maximum of Rs. 2 lakh per financial year for home loan interest paid by him/her during that financial year.
Dhanalakshmi Bank Home Loan Amount
Maximum loan amount is Rs. 2.5 crores (Rs. 50 lakh for purchase of plot)Margin
15% to 30% of the loan amountDhanalakshmi Bank Home Loan Repayment
Repayment tenure from 1 year to 30 yearsSecurity
Mortgage of land and building to be constructed | purchased.In Case of Prepayment of Dhanalakshmi Bank Home Loan, will EMI change?
One can pre-pay Dhanalakshmi Bank Home Loan without any prepayment charges as it allows prepayment at nil charges in case of floating rate home loans. If the borrower makes a prepayment, the outstanding balance of principal amount of his home loan reduces. Then in that case he has following 2 options:
- He can continue with the existing and reduce the loan tenure
- He can reduce the EMI and keep the loan tenure the same
Out of above 2 options, first option is more beneficial for the borrower as he pay less interest to the bank as the pay off home loan will be faster.
How to reduce your Home Loan EMI?
- Negotiate with your banker on lower interest rate
- Apply for longer tenure
- Give maximum amount as down payment
- Pre-pay loan amount
- Switch to another bank/ FI offering lower interest rate
Note : Dhanam Home loan and Dhanam Home loan -Surrogate schemes are offered
Contact details of Dhanalakshmi Bank, Dhanalakshmi Bank SMS balance check number SMS banking, Dhanalakshmi Bank mobile banking, Dhanalakshmi Bank toll free number,Dhanalakshmi Bank toll free number 24*7, Dhanalakshmi Bank miss call number.
- MISSED CALL NUMBERS - 8067747700
- CUSTOMER CARE NUMBERS - 044-42413000, 0487?7107575
- CONTACT NUMBERS - 044-42413000, 0487?7107575
Dhanalakshmi Bank Contact Details
- BANK OFFICIAL WEBSITE - https://www.dhanbank.com
- CONTACT NUMBERS - 044-42413000, 0487?7107575
- EMAIL ID - [email protected], [email protected]
- MISSED CALL NO. - 8067747700
- CUSTOMER CARE NO. - 044-42413000, 0487?7107575
- TOTAL BRANCHES - 297
- HEADQUARTER - Thrissur
- BANK ADDRESS - Dhanalakshmi Buildings, Post Box No 9, The Round, Naickanal, Thrissur - 680001, Kerala
Dhanalakshmi Bank Home Loan FAQs Home Loan Document Required
