Loan comparison of Dewan Housing Finance Corporation Ltd. Home Loan vs Muthoot Housing Finance Ltd Home Loan

Interest Rate

8.75% onwards per annum
12-19% per annum

Loan Amount

* Up to 90% of the cost of the chosen selected property * Up to Rs. 30 Lakh (depends upon the loan amount requirement)
Up to Rs. 75,000 to Rs. 25 Lakhs or Rs. 2 Lakhs to Rs. 30 Lakhs

Loan Tenure

Up to 25 to 30 years
Up to 3 to 20 Years

Loan Processing fees

* For Salaried/Self Employed Professional (SEP): 0.5% + Applicable GST * For Self Employed Non Professional (SENP): Net PAT: 0.5% + Applicable GST * Others : 1.0% + Applicable GST
2.5% of the loan amount approved

EMI per Lakh

Rs. 787 Per Lakh
Rs.1101 Per Lakh

Part Payment Charges

* If Borrower/ co-borrower is Individual: No Charges * If Borrower/ co-borrower is other than Individual: 2% + Applicable GST

Minimum Income

A person whose income is considered; Rs. 10,000- Rs. 25,000 per month and above
Rs. 25,000 per month and above


* PAN card/Valid Passport/Voter ID card/Driving license/Aadhar Card/Utility Bill: Electricity, Telephone, Postpaid mobile, water bill etc./Ration card/Letter from employer/Bank statement /copy of Passbook reflecting address/Valid Rent Agreement/Sale Deed 

Income Documents for Salaried Individuals:

* Salary slips for the last 2 months or salary certificate/Cash Salary – Income details on Company Letterhead/Copy of bank statements for the past 3 months (salary account) 

Income Documents for Self-Employed Professional:

* Certificate of qualification for professionals: CA, Doctors or Architects/Copy of last two years’ income tax returns, along with computation of income/Copy of last two years’ P/L account with all schedules and audited balance sheet/VAT or Service Tax returns or TDS Certificate/Bank statement for the last 6 months (Savings account, current account and O/D account) Property Documents:

* Allotment letter from builder/Agreement of Sale/Registration and stamp duty receipt/Index- ii/NOC from builder/Own Contribution Receipt (OCR )/Development Agreement/Tripartite Agreement/Partnership Deed/Sale Deed/Title Search Report/NA order


* Ration Card/Passport/Driving Licence/Voter's ID Card

* Bank Account Statement

* Current Telephone / Electricity / Gas Bill / Water Bill / Property Tax


* Passport/Driving Licence/Aadhar Card (UIDAI)

* Letter confirming identity from a commercial bank

* Employee ID Card issued by Central / State Government undertaking

* Voter’s ID Card/Pan Card


* Salary Slip of last 3 months

* Bank Statement for the last 12 months

* ITR for last 2 years if available


* Business ownership proof documents like license, rent agreement of shop etc.

* Income documents like purchase bills, sales bills, sales register etc.

* Bank statement for last 12 months

* ITR for last 2 years if available

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