September 8, 2020 By egrocery 2020 0

Some frequently asked questions(FAQs) regarding HDFC bank unsecured loan

Some frequently asked questions(FAQs) regarding HDFC bank unsecured loan

What’s the maximum loan that is personal made available from HDFC Bank?

HDFC Bank loans that are personal available as much as ?40 lakhs.

Do i want a guarantor to utilize for a personal loan from HDFC?

No, a guarantor isn’t needed to be able to make an application for a personal loan from HDFC.

What’s the fee that is pre-closure HDFC signature loans?

The fees that are pre-closure HDFC loan will vary. 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 loans that are personal the center to produce part-payment towards the loan. But, it draws a cost which will depend on whenever you will be making the repayment. A component re re re payment is permitted as much as 25percent associated with the principal outstanding which will be permitted just once in a year that is financial twice during loan tenure.

The costs resemble 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 typical processing cost charged by HDFC for signature loans?

The processing charge charged by HDFC unsecured loans is as much as 2.5percent associated with loan amount susceptible to a minimum of ?1,999 and optimum of ?25,000.

Whenever am I able to produce a pre-closure of my HDFC unsecured 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 validate my loan that is personal application?

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

Which are the payment practices designed for my HDFC unsecured loan?

Generally, there’s two payment techniques readily available for your HDFC unsecured loan. A person is ECS or Electronic Clearing provider which can be an electronic mode of funds transfer therefore the other is through providing post-dated cheques.

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