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 loan that is personal provided by HDFC Bank?

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

Do i want a guarantor to use for a loan that is personal HDFC?

No, a guarantor isn’t needed so that you can make an application for a personal bank loan from HDFC.

What is the fee that is pre-closure HDFC unsecured loans?

The pre-closure charges for HDFC loan are very different. More over, prepayment to some extent or complete in HDFC bank is just 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 signature loans have actually the center to create part-payment towards the mortgage. But, it appeals to a cost which is dependent upon when you will be making the payment. A component re re payment is permitted around 25percent of this principal outstanding which will be permitted just once in a economic 12 months and twice during loan tenure.

The costs act like preclosure/prepayment of personal bank loan that will be,

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

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

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

Whenever may I make a pre-closure of my HDFC loan that is personal?

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

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

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

Exactly what are the payment practices readily available for my HDFC unsecured loan?

Generally speaking, there are 2 payment practices designed for your HDFC unsecured loan. A person is ECS or Electronic Clearing provider that is a mode that is electronic of transfer as well as the other is through offering post-dated cheques.

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