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

Interest Rate

6.95% onwards per annum
8.75% onwards per annum

Loan Amount

Up to Rs. 3 Cr
* Up to 90% of the cost of the chosen selected property * Up to Rs. 30 Lakh (depends upon the loan amount requirement)

Loan Tenure

Up to 20 Years
Up to 25 to 30 years

Loan Processing fees

Rs. 3,000 + GST PF (for salaried)
* 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

EMI per Lakh

Rs. 772 Per Lakh
Rs. 787 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

Rs. 20,000 and above
A person whose income is considered; Rs. 10,000- Rs. 25,000 per month and above


General documents are: 

* Aadhaar Card/Driving Licence/PAN Card/Passport/Voter ID Card/Bank Passbook with photo

* Photo Credit Card

* Any other Photo ID 

For Salaried the extra documents required are: 

* Salary Slips from past 6  months 

* Last 6 months Bank Statements showing salary credits

* Latest Form-16 and IT returns

For Self Employed the extra documents required are:

* Last 12 months GST Returns

* Last 6 months Bank Statements

 * Last 3 years IT returns                                                                                                            

* 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

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