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

What is the maximum unsecured loan quantity 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 required so that you can make an application for a loan that is personal HDFC.

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

The fees that are pre-closure HDFC loan will vary. Furthermore, 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

If We simply take an individual loan from HDFC, can I manage to produce a part-payment choice?

Needless to say, HDFC loans that are personal the center to create part-payment towards the mortgage. Nonetheless, it appeals to a cost which depends upon whenever you make the repayment. A component re payment is permitted around 25percent for the principal outstanding which can be allowed just once in a year that is financial twice during loan tenure.

The costs resemble preclosure/prepayment of unsecured 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 cost charged by HDFC loans that are personal as much as 2.5percent associated with loan amount at the mercy of no less than ?1,999 and optimum of ?25,000.

Whenever could I create 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 take to confirm my loan that is personal application?

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

Do you know the payment practices readily available for my HDFC personal bank loan?

Generally speaking, there are 2 repayment methods readily available for your HDFC unsecured loan. One is ECS or Electronic Clearing provider which can be an electronic mode of funds transfer and also the other is through offering post-dated cheques.

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