Housing Finance / Home Loans
Housing Finance is a specialized loan product designed to turn your dream of owning a home into a reality, whether it's for purchase, construction, or renovation.
As a secured, long-term loan, housing finance offers highly competitive interest rates and allows for repayment over flexible tenures up to 30 years, complemented by attractive tax benefits.
At Dhanam, we provide quick sanction and hassle-free processing. Get in touch with us today to understand your Home Loan eligibility and benefit from our transparent terms and conditions.
Home Loan EMI Calculator
A Home Loan is one of the biggest financial decisions you'll make. Our calculator helps you plan effectively by determining your Equated Monthly Installment (EMI) based on your required loan amount and chosen repayment period.
Use Dhanam's Home Loan EMI Calculator to estimate your monthly payments even before submitting your application. Simply adjust the sliders for the loan amount and tenure to instantly view the calculated EMI.
Loan Tenure
180 Months
Monthly Loan EMI
₹0
Quick EMI Estimation
NOTE: Rate of interest and EMI shown above is based on the base rate and applicant's eligibility. This is subjected to change on real time basis in accordance with Dhanam policy.
APPLY FOR ONLINE HOME LOAN
Realize your dream home with quick and flexible finance options.
What is Housing Finance?
Housing Finance, commonly known as a **Home Loan**, is a secured loan product offered by financial institutions to help individuals purchase a residential property, construct a house, or renovate an existing one. Since the property itself serves as collateral, these loans typically feature lower interest rates and significantly longer repayment tenures compared to unsecured loans.
How to Apply for a Home Loan?
Securing a Home Loan involves checking your eligibility, submitting a detailed application, and providing extensive property and financial documents to the lender. Once the documents are verified and the property is appraised, the loan is sanctioned and disbursed, often directly to the seller or construction entity. Repayment is typically handled through long-term EMIs (Equated Monthly Instalments).
A Home Loan also offers significant **tax benefits** on both the principal and interest components, making it a powerful financial planning tool.
Benefits of Dhanam Housing Finance
A Home Loan is a necessary step towards building your long-term assets and securing your family's future. Dhanam offers personalized housing finance solutions designed for seamless application and flexible terms, helping you acquire your dream home without stress.
Tax Advantages: Avail significant tax deductions on both the interest paid and the principal repaid annually.- Lower Interest Rates: As a secured loan, housing finance typically offers much lower interest rates than unsecured personal or business loans.
- Long Repayment Tenure: Enjoy flexible repayment periods of up to 30 years, ensuring comfortable EMI amounts.
Key Factors That Affect Home Loan Eligibility
Your eligibility for a Home Loan is primarily determined by your financial stability and the value of the property. Key factors include:
- Age and Employment Status: Applicants (salaried or self-employed) must fall within a specific age bracket to cover the long tenure.
- Net Income: Your stable monthly or annual income is assessed to determine your capacity to repay the EMI.
- Credit History & Score: A strong credit score (typically 750+) is crucial for securing a favorable interest rate.
- Loan-to-Value (LTV) Ratio: This is the maximum percentage of the property's value that the lender will finance (usually up to 75-90%).
Documentation Required for a Home Loan
Home loans require extensive documentation for both the applicant and the property. Required documents typically include: Application form with photographs, Identity and Address Proof, Income documents (salary slips, IT returns, P&L statements), and detailed Property Documents (Sale deed, construction permissions, title reports). Additional documents may be requested based on the case and Dhanam's policy.
Why Choose Dhanam for Housing Finance?
Dhanam is committed to making homeownership accessible. We offer competitive interest rates, transparent processes, and flexible repayment options. Our expert team assists you with property documentation and legal checks to ensure a secure and smooth sanction process, helping you move into your new home faster.