The scheme will offer all new DHFL customers a ‘25 year Home Loan Product’ that provides the customers the benefit of repaying their home loan over a period of 25 years instead of 20 years. The scheme also offers a fixed 8% interest rate annually for a period of 2 years for loans up to the amount of Rs5 lacs, thereafter reverting to the variable interest rate. Loans ranging from Rs5 lacs to Rs20 lacs can be availed at 8.25% interest rate annually for 2 years, thereafter reverting to variable interest rate. Similarly, the company has fixed an interest rate of 8.75% annually for 2 years for loans above Rs20 lacs.

Kapil Wadhawan, CMD, DHFL said ‘This scheme has been designed to help reduce the interest rate burden on the borrower and the elongated period will help reduce the amount of EMI (Equated Monthly Installment) over the tenure. The ‘DHFL Easy Easy Loan’ offers the lowest EMI in the industry of Rs772 per lac.’

The ‘DHFL Easy Easy Loan’ scheme will be available across all branches and service locations of DHFL in India and abroad and will be valid for all applicants who approach DHFL till January 31, 2010 with partial disbursement before March 31, 2010. The above scheme is eligible for all salaried, self-employed and business professionals having regular incomes for the purpose of construction of residential units, purchase of plot and immediate construction and purchase of residential units. Customers with existing home loans from other institutions can also avail these benefits with the balance transfer facility. Under the ‘‘DHFL Easy Easy Loan’Easy Easy Loan’ scheme, a customer can avail loans from a minimum value of Rs1 lac to a maximum amount of Rs5 crore.

EPC News Bureau