Some frequently asked questions(FAQs) regarding HDFC bank loan that is personal

Some frequently asked questions(FAQs) regarding HDFC bank loan that is personal

What’s the maximum personal bank loan amount provided by HDFC Bank?

HDFC Bank signature loans are available as much as ?40 lakhs.

Do i want a guarantor to try to get a loan that is personal HDFC?

No, a guarantor is not needed to be able to submit an application for a loan that is personal HDFC.

What’s the pre-closure cost for HDFC unsecured loans?

The fees that are pre-closure HDFC loan are very different. Furthermore, prepayment in component or complete in HDFC bank is permitted after payment of 12 EMI’s.

Pre-payment(on outstanding that is principal

13-24 Months 4% of major outstanding
25-36 Months 3% of principal outstanding
36 Months 2% of principal outstanding

I be able to make a part-payment option if I take a personal loan from HDFC, will?

Needless to say, HDFC loans that are personal the center in order to make part-payment to the loan. Nonetheless, it draws a charge which depends upon whenever the payment is made by you. A component re payment is permitted as much as 25percent associated with the principal outstanding which can be permitted only one time in a monetary 12 months and twice during loan tenure.

The fees resemble preclosure/prepayment of unsecured loan that will be,

  • 13-24 Months – 4% of Principal Outstanding,
  • 25-36 Months – 3% of Principal Outstanding
  • Significantly more than three years – 2% of Principal Outstanding

What’s the processing that is typical charged by HDFC for signature loans?

The processing charge charged by HDFC loans that are personal as much as 2.5per cent associated with loan amount susceptible to at the least ?1,999 and optimum of ?25,000.

When am I able to create a pre-closure of my HDFC personal bank loan?

Prepayment to some extent or complete in HDFC bank is permitted after payment of 12 EMI’s.

The length of time will HDFC Bank try confirm my loan that is personal application?

It generally takes 2-3 times to confirm your loan that is personal application.

Do you know the payment techniques designed for my HDFC personal bank loan?

Generally speaking, there’s two payment practices readily available for your HDFC unsecured loan. One is ECS or Electronic Clearing provider which will be an electronic mode of funds transfer in addition to other is through offering post-dated cheques.

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