Is DMI Housing Finance Your Best Home Loan Option?
DMI Housing Finance stands out as a prominent housing finance company, offering home loans at attractive interest rates starting from 11.00% p.a. It provides economical loan options for individuals either purchasing a new home or migrating their existing home loan to DMI Housing Finance.
A notable feature of DMI Housing Finance is the loan amount. Borrowers can access home loans up to Rs 30 lakhs, suitable for an array of property purchases. The company also extends diverse home loan types such as plot purchase loans, home construction loans, home extension loans, and home renovation loans.
For those with existing home loans from different lenders, DMI Housing Finance offers a balance transfer option with an additional top-up loan facility. This benefit allows the transfer of existing home loans to DMI Housing Finance, while availing extra funds for supplementary expenses.
Applicants interested in acquiring a home loan from DMI Housing Finance must adhere to the company’s eligibility criteria. The minimum age for applicants is 18 years, while the maximum age is subject to income documentation. Documents needed include identity proof, age proof, address proof, income proof, and property-related documentation.
Concerning fees and charges, DMI Housing Finance levies a processing fee of Rs 3,000 plus 1.5% of the loan amount. Additional charges are applied for legal and technical verification, cheque bounce, and document retrieval.
In conclusion, DMI Housing Finance presents itself as a dependable choice for those pursuing affordable home loans. With competitive interest rates, versatile loan offerings, and clear fee structures, the company promotes a hassle-free borrowing process. By utilizing online platforms such as Paisabazaar.com, borrowers can readily compare and apply for the prime home loan deals from DMI Housing Finance and other lenders.