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How can I extend my HDFC personal loan tenure?
Ask your bank for increasing the tenure: Yes, you can ask your bank to increase the loan tenure after the term is started. You are required to submit a written application at the HDFC branch your loan is running and request the bank to increase your loan tenure.
Can we change the tenure of personal loan in HDFC Bank?
The payment terms are flexible, and you can choose your tenure as per your suitability. HDFC Bank offers tenure ranging from 12 to 60 months, with EMI as low as Rs. 2149 / lac.
How can I increase my personal loan tenure?
The new lender will charge a balance transfer fee, which could reduce your savings a bit from INR 36,715. If the new lender agrees to increase the remaining loan tenure from 3 to 4 years, the EMI will reduce further….People Also Look For.
Personal Loan Interest Rates December 2021 | |
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Tata Capital | 10.49\% – 14.25\% |
Can I change my loan tenure?
Process of Changing the Home Loan Tenure. The tenure can be changed voluntarily anytime during the course of the loan. You can visit the branch of the lender and give a request for the same. Example – You have been paying a home loan of INR 50 lakh for the last 4 years at an interest rate of 8.35\% per annum.
How can I lower my personal loan tenure?
Simple Ways to Reduce Your Loan EMI
- Opt for a Higher Down Payment.
- Choose a Loan With a Longer Repayment Tenure.
- Go for a Step-Down EMI Plan.
- Consider Taking Loans With Your Existing Bank.
- Negotiate With Bank For Lower Rate.
- Compare Before You Switch Your Lender.
- Full or Part Prepayment Helps Reduce Loan Burden.
How can I prepay my personal loan in HDFC?
You will first have to get in touch with a bank representative from HDFC Bank and express your interest in pre-paying your HDFC Personal Loan. Next, you can make the pre-payment by releasing a cheque or a demand draft at any HDFC Bank branch. You can take note that the bank does not accept cash above Rs.
Can I increase EMI amount?
It is not a new concept, you can voluntarily increase your EMI or decrease at the time of prepayment provided home loan tenure is not breached. Also under floating interest rate, you can prepay any time without any penalty. Common terms used for Flexi EMI are “Step Up” and “Step Down”.
Is it possible to increase the tenure of a personal loan?
The possibility of increasing the tenure of a personal loan solely depends upon HDFC Bank. If you see that such a need may arise then you must first consult HDFC Bank that whether there is any possibility of such a facility or you choose a loan tenure beforehand which is long and flexible.
How can I change the tenure of my HDFC home loan?
You can definitely change the tenure of your loan with HDFC or any other housing finance company. All that you would need to do is visit their branch and put up a request. You may be required to sign another NACH form since the EMI amount will change.
How to top up a personal loan from HDFC Bank?
To be eligible for a Personal loan Top Up from HDFC Bank the following criteria should be met: The EMI of the existing loan should be paid on time. 3 or more EMI of the existing loan must be paid before a Top Up can be sanctioned. The applicant should have the financial ability to repay the extra EMI.
How to apply for HDFC personal loan pre closure?
Steps for the HDFC Personal Loan Pre-Closure or Pre-Payment Process You will first have to get in touch with a bank representative from HDFC Bank and express your interest in pre-paying… Next, you can make the pre-payment by releasing a cheque or a demand draft at any HDFC Bank branch. You can