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 unsecured loans are available as much as ?40 lakhs.
Do i want a guarantor to try to get a unsecured loan from HDFC?
No, a guarantor is not needed to be able to make an application for a loan that is personal HDFC.
What’s the pre-closure cost for HDFC signature loans?
The pre-closure charges for HDFC loan will vary. More over, prepayment to some extent or full in HDFC bank is only 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|
If We simply take an individual loan from HDFC, am I going to manage to produce a part-payment choice?
Needless to say, HDFC signature loans have the center in order to make part-payment to the loan. Nevertheless, it appeals to a charge which depends upon whenever you will be making the repayment. Part payment is permitted around 25% regarding the principal outstanding which will be permitted just once in a year that is financial twice during loan tenure.
The fees act like preclosure/prepayment of unsecured loan which can be,
- 13-24 Months – 4% of Principal Outstanding,
- 25-36 Months – 3% of Principal Outstanding
- Significantly more than 3 years – 2% of Principal Outstanding
What is the typical processing cost charged by HDFC for unsecured loans?
The processing cost charged by HDFC unsecured loans is as much as 2.5percent associated with the loan amount at the mercy of a the least ?1,999 and optimum of ?25,000.
Whenever may I make 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.
Just how long will HDFC Bank try confirm my unsecured loan application?
It generally takes 2-3 times to validate your personal bank loan application.
Which are the payment techniques designed for my HDFC personal bank loan?
Generally speaking, there’s two payment practices designed for your HDFC unsecured loan. One is ECS or Electronic Clearing provider that is a mode that is electronic of transfer therefore the other is through offering post-dated cheques.
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