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

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

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

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

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

HDFC Bank unsecured 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 so that you can make an application for a unsecured loan from HDFC.

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

The pre-closure costs 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 principal outstanding)

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

If We just take your own loan from HDFC, am I going to manage to create a part-payment choice?

Needless to say, HDFC signature loans have actually the center which will make part-payment towards the mortgage. But, it appeals to a cost which depends upon whenever you make the repayment. A component re payment is permitted as much as 25percent 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 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 signature loans is as much as 2.5per cent 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 loan that is personal?

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 personal bank loan application?

It generally takes 2-3 days to confirm your unsecured loan application.

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

Generally, there are two main payment techniques designed for your HDFC personal bank loan. One is ECS or Electronic Clearing provider which will be an electronic mode of funds transfer additionally the other is through providing post-dated cheques.

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