You can apply for a loan through various means mentioned below:
Website – Visit DMIHOSUING Finance website and go to Home Loan Section and click on the tab Apply Now. Click for Direct link.
Customer Care – Contact us at toll free no 18001214214
Email – Write to us at Customercare@dmihousingfinance.in
Branch Visit – You can Visit any DMI Housing Finance near by branch locator
Yes, you are eligible for a home loan if you fall under the following category:
- Salaried Individuals
- Self Employed
DMI considers various factors while deciding the final eligible loan amount such as, Monthly Income, Current age, Income Stability, Current Obligations (EMI’s), Current market value of Proposed property/Collateral.
Generally, for average customer process takes 30 days but the cases with complete documents case can be processed in 5 to 6 days
Post loan application processing, application will be in principally sanctioned. After Sanction Legal and Technical requirements will be completed.
DMI Housing Finance will also verify customer’s own funds contribution in some cases. (prior to disbursement)
Post all verifications, disbursement will be initiated in the form of Cheque/DD/NEFT/RTGS (depends on transaction nature) in beneficiary account
Co-Applicants are allowed while applying for a Joint Loan but co-applicant should be immediate family members like Spouse, Parents or children. However, the co-owners of property must be necessarily co-applicant in the loan. Friend is not allowed as co applicant even if co-owner of property
Maximum No. of 5 co- applicants can apply in one single loan application with 1 applicant, Total of 6 joint holders can apply.
Repayment of loan would begin from the following month in which you take the disbursement.
The repayment of the loan can be in the form of EMI & Pre -EMI(Upto some period).
In some Cases where there is partial disbursement against the complete sanction amount, Pre-Emi will be applicable where Pre-EMI interest would be charged on the actual disbursed amount from the month of first disbursement and before the commencement of your EMI. Pre-Emi would be charged at the same Rate of Interest at which the EMI is calculated and is payable every month on the actual amount disbursed.
Yes, Repayment is allowed at any given point during the loan, but the pre-payment can attract prepayment charges as applicable from time to time in some cases.
To make a prepayment you can contact the nearest branch.
DMI provides loan amount ranging from 2,00,000/- to 30,00,000/- for housing loan. Final loan amount will be basis final processing of documents at the time of application submission
Yes, there is a security required in Home Loan by the way of creating first mortgage financed. Title deeds will be deposited to DMI Housing Finance Pvt. Ltd. It is applicant’s responsibility to deposit all the title deeds to DMI Housing Finance. Additionally, Personal guarantees can be applicable as security, if deemed fit by DMI Housing Finance pvt. Ltd.
You can email us at Customercare@dmihousingfinance.in for any complaints