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The moment you decide to buy a home, you can put in your application for a Home Loan with DCANS Investments Ltd. You can apply for a Home Loan even before you have finalised the property. The loan amount would be sanctioned or approved, based on your repayment capability.

DIL offers Home loan up to 30 years, provided the term does not extend beyond 65 years of age or the retirement age, whichever is earlier.

Interest is calculated on monthly rest.

- Your spouse

- Any of your blood relative (immediate family members)

- Also co-owner has to be necessarily co-applicant in the loan.

If you're using the loan to buy your primary home, it serves as a collateral.

Generally, Immovable property owned by the applicants. The applicant's title to the property should be clear, marketable and free from any encumbrances. The security created on property shall be first and exclusive. Such security will be created by deposit of original title documents of the said property(title deeds of your primary home will remain with us).

Application submission - Submit a completely filled in application with all the necessary documents.

Sanction - You get an approval for a specific loan amount based on your requirement, repayment capability and the value of the property.

Disbursement is done on the basis of nature of transaction. For resale, disbursal instrument is made favouring the seller, for self construction cases it will be on the basis of stage of construction favouring the borrower. It will be in favouring of the builder for builder direct x construction favouring the borrower. It will be in favouring of the builder for builder direct allotment cases.

- Loan for home purchase

- Loan for Residential plot and self construction

- Loan for Home extension/Improvement

- Loan for builders properties

- Loan Against Property

An Equated Monthly Installment (EMI) has 2 components: interest and principal. When the interest is calculated on monthly rests, the principal on which the interest is charged goes down every month. This results in significant savings for the customer over the tenure of the loan. DIL works on Monthly Rests basis.

An amortization schedule is a table giving the reduction of your loan amount by monthly installments. The amortization schedule gives the break-up of every EMI towards repayment interest and outstanding principal of your loan.

Many of us have taken home loans / mortgages to buy our house. One of the most important motivators for availing a housing loan is the income-tax benefit that it provides. If you have availed a home loan, you can claim tax benefits on both the principal and interest components of the home loan as per the Income Tax Act. These benefits are in the form of deductions available to assesses who have taken a loan to either buy a house or build one. You can reduce your tax liability by a maximum of....

You repay the loan in Equated Monthly Installments (EMIs) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement.

Pre EMI is the Interest paid on the Loan Amount availed in part and before the start of the actual EMI. This generally occurs in Self Construction or Construction Stage Linked Disbursals. The EMI doesn't get started till the loan is disbursed in full and hence interest is charged on partially disbursed loan amount only which is Pre EMI.

LAP (Loan against property) can be applied for if you are in need of funds for your business or personal use and possess property.

A consistent upswing in the property prices makes it the ideal asset to capitalize for business expansion or personal needs. Since OD loans claim monthly EMI, the liability carries on for an indefinite period; where as in LAP one pays regular EMI and reduces the burden in an organised manner.

DIL offers LAP up to a maximum of 10 years, provided the term does not extend beyond 65 years of age or the retirement age, whichever is earlier.

Interest is calculated on a monthly basis.

- Your spouse

- Any blood relative (immediate family members)

- Also co-owner of the property has to necessarily be a co-applicant for the loan.

Any immovable property owned by the applicant. The applicant's title to the property should be clear, marketable and free from any encumbrance. The security created on property shall be first and exclusive. Such security will be created by deposit of original title documents of the said property.

LAP is usually a property backed loan with a high quantum of loan, whereas unsecured/PL is mostly an unsecured loan with low quantum. Tenure offered in LAP vis a vis unsecured/PL is higher which reduces the EMI burden and repayment can be made in a longer term. Furthermore, the interest rate is generally lower in LAP loans than in PL loans.

- Application submission - Submit a completely filled in application with all the necessary documents.

- Sanction - You get an approval for a specific loan amount based on your requirement, repayment capability and the value of the property.

- Disbursement is done on the basis of nature of transaction. For self-consumption cases it will be favoring the borrower.

An Equated Monthly Installment (EMI) has 2 components: interest and principal. When the interest is calculated on monthly rests, the principal on which the interest is charged goes down every month. This results in significant savings for the customer over the tenure of the loan. DIL works on the Monthly Rests basis.

An amortization schedule is a table giving the reduction of your loan amount by monthly installments. The amortization schedule gives the break-up of every EMI towards repayment interest and outstanding principal of your loan.

You repay your loan in Equated Monthly Installments (EMIs) comprising of principal and interest. Repayment by EMI commences from the month after you take full disbursement.

Useful Info

 
Kindly read all our Terms and Conditions (T&Cs) carefully before you sign any Loan Agreement. If you do not understand our loan contract terms & conditions, invest in the services of a lawyer before you sign.
 
Your use of this website and/or our direct lending services constitutes acceptance of our T&Cs.
 
You must also agree to our Collection Practices and Zero Tolerance for Non-Performing Loans (NPLs) before any loan is advanced.
 
If you disagree with how we operate and our T&Cs, please don't use our services.