The company will offer loans up to Rs 30 lakh with Rs 5,000 fee added with document charges; loans between Rs 30-75 lakh at feee of Rs 10,000 (plus document charges) and for loans above Rs 75 lakh the fee would be Rs 20,000 (plus document charges).
Dewan Housing Finance Corporation Ltd (DHFL) has launched consumer friendly home loan fee
structure in various brackets for salaried people ahead of Diwali.
The company will offer loans up to Rs 30 lakh with Rs 5,000 fee added with document charges; loans between Rs 30-75 lakh at feee of Rs 10,000 (plus document charges) and for loans above Rs 75 lakh the fee would be Rs 20,000 (plus document charges).
All the loan brackets will have added tax charges as well. "DHFL Diwali Dhamaka is yet another initiative from us to encourage every Indian to buy a home of his/her own.... we believe that a fixed processing fee structure will provide customers one more reason to buy their dream home, without financial access being a deterrent," said Deo Shankar Tripathi, President & COO of DHFL in a release. The offer will be available between October 1-31 across India.
The company offers products such as home loan, home extension loan, home improvement loan, plot loans, mortgage loan, leased rental finance and non-residential property loan. It also offers project loans essentially for development of low and middle income (LMI) housing projects.
Dewan Housing stock price
On October 14, 2014, Dewan Housing Finance Corporation closed at Rs 323.50, down Rs 0.6, or 0.19 percent. The 52-week high of the share was Rs 425.95 and the 52-week low was Rs 125.90.
The company's trailing 12-month (TTM) EPS was at Rs 43.21 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 7.49. The latest book value of the company is Rs 277.90 per share. At current value, the price-to-book value of the company is 1.16.
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