Now Dhanlaxmi Bank is providing a home loan to its customers. Dhanlaxmi Bank Home loan is one of the best loans for a middle-class family to build their dream house. If you have a requirement for a home loan, you can apply online from the official website of Dhanlaxmi Bank.
There are lots of Government and private banks in India that offer home loan to its customers. But there are some best features provided by the Dhanlaxmi Bank which make it different from other banks. First of all, it gives a loan with an attractive interest rate and a huge time for repayment.
Today, in this article, I am going to give you complete information about the Dhanlaxmi Bank Home loan, including interest rate, eligibility criteria, required documents, loan repayment tenure, how to apply online, and many other things that you need to know.
Interest Rate
According to the reports and available data, Dhanlaxmi Bank offers home loans at attractive interest rate, which starts from 8.60% to 10.50% per annum, which is really good. But interest rate depends on multiple factors such as your credit score, previous loans repayment history, your salary and savings, your job type, and many others.
Suppose, if your credit score is good and you have good, stable income or you have a government job, then you will get a home loan at an affordable and cheapest interest rate compared to those who have neither a good credit score nor stable income. Before it, we have known about the education loan and personal loan of Dhanlaxmi Bank, and we have seen that it takes 8.50% and 11%. So, Home loan interest rate is affordable than education and personal loan.
Max Loan amount and repayment tenure
Dhanlaxmi Bank clearly mentioned on its official website that they offers home loan of at least Rs.1 lakh and a maximum of Rs.30 lakhs. Which is good enough money for a middle-class family. I know Rs. 30 lakhs rupees is nothing for building a home for a rich family whose dream is building a farmhouse or a palace. But this amount is enough for a middle-class family who wants to build their dream house.
Now let’s talk about the repayment tenure. Because it is a loan and you have to repay on time. Because if you don’t pay EMIs on time, the bank will charge penalty fees for delay in repayment. So you must have knowledge about the repayment tenure. According to the official website, the bank gives up to thirty years to repay this loan amount. In thirty years, you have to pay small monthly EMIs, which is good for a salaried person, including government and private employees.
Eligibility Criteria
The eligibility criteria for the Dhanlaxmi home loan are so easy. For example,e if you have just a stable job and you receive at least Rs 35,000 monthly salary. Then you can apply for a home loan. As well as, your age should be between 21 years to 60 years.
But it is important to note that these are the basic eligibility criteria. If you have completed the above eligibility criteria, then you can apply for it. But the final loan amount will be deposit in your bank account after all verification of your property location, documents, and your property valuation. After that,t your home loan amount will be credited to your bank account.
Required documents
Documents is the most important thing that is mostly asked by the bank no matter which bank you have contacted. No matter how rich you are and how big your property is, if you not have the original documents of your property and income proof, then the bank won’t approve your home loan, even really that is really your property. So keep all your required original documents. Here I have listed all the required documents below:
- Identity Proof such as Passport, Aadhar Card, Pan Card, Driving licence etc.
- Address Proof: Bijli Bill copy, Aadhar Card, Ration card etc.
- Income proof: Salary slip, or income tax return
- Property documents such as registry deeds or sale deeds.
- Mobile number
- Email ID
- Passport-size photos
How to apply online
If you have checked your eligibility criteria and collected all the required documents. Now you can apply for Dhanlaxmi home loan online from your home. It is very easy and simple way to apply online.
To apply online, first of all you need to go to the official website of Dhanlaxmi Bank then where you have to click on home loan section or you can go directly to home loan page by following this link.
When you go to the official page of Dhanlaxmi Bank Home loan. There you will see the apply button. Click on that and then fill up the given form with all the correct information, such as your name, email, mobile number, address, and others. After entering all the details, click on the submit button. As you submit your form, after few hours later you will receive a call from the bank. They will ask some questions and your requirements. Then they proceed with your application. Cooperate with them and they will help you to approve your loan.
Conclusion
Hello, my dear readers, Today I have given complete information about the Dhanlaxmi Bank Home loan, including interest rates, eligibility Criteria, required documents, and other important details that you must know before applying. I hope this article will help you. But if you have read this complete article and still have doubts and questions regarding this topic, drop your doubts and questions below in the comments. Our helpline team will reply to you within a few hours. Thank you.
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