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If I recall correctly, HDFC Bank and HDFC are different entities and one cannot make NEFT trasnfers to HDFC Home loan accounts. Remember, the account mentioned in HDFC’s common account and you need to keep track of the transaction details and update them. I can confirm that I had used this method effectively in the past 2 years to finish off my home loan. SBI folks themselves had suggested this option.
Form 16 is a certificate issued to an employer containing all the information that is required to file income tax returns. Under Certain circumstances, a customer can claim for an income tax return of up to Rs.2 lakhs. There are many factors on which the interest rate on home loans depend. The loan eligibility of an applicant is dependent on several factors.
Points to Note While Pre-Closing Your IDBI Bank Personal Loan
Following are the factors that need to be checked. Equated Monthly Instalment can be like a boon if you don’t have the money to pay for your home in full. With EMI options, you can buy or construct the house of your choice and choose to pay for it in small instalments over a period of several years.
A home loan calculator helps you to know the amount of EMIs that you need to pay towards your Home Loan. Could you please share some more details with me about this ? I think customer care guys are not guiding me right. I guess ICICI has issue with this, even the guy whom i was helping in this , he also had ICICI bank loan and this was not possible with him. All in all, I could link my ICICI Bank savings account very easily with my SBI Maxgain account.
PMAY CLSS Scheme Types
The Mahabank personal loan is available at affordable interest rates and the difference between the maximum and minimum interest rate range is not wide, making it desirable. Self-employed people can also apply for this loan if they have been banking with the Bank of Maharashtra. This is not correct, atleast anymore , cause I have made prepayment to my IDBI home loan account through NEFT last month i.e. And the same is reflected to my HL outstanding as well.
For customers of IDBI bank, this provision is available in case of personal loan, home loan, and loan against property. But, obviously, the bank will go through the repayment track record of the customer before offering the top up loan. If the said track record is clean and the customer has a decent credit behaviour, then there shall be no delay in receiving the amount. A top up loan is an additional loan that a bank offers to its customers over the existing loan that the customer has taken. \nOverdraft facility is a credit facility through which one can withdraw more money from his or her account than what is actually present in the account. The person can repay the amount partially or fully, as per the payment schedule.
How to Calculate IDBI Bank Home Loan EMI?
Maximum age 65 Years at loan maturity or retirement age whichever is earlier. Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier. You can reduce your interest cost by availing our product Home Loan Interest SaverPlease click here to know the details.
Under this scheme you can link your Home Loan account with your Flexi Current Account. The interest liability on your Home Loan reduces to the extent of surplus funds available in the operative current account. You can withdraw or deposit funds from this current account as and when required. The interest on Home Loan is calculated on outstanding loan balance minus balance available in the Current Account. For Home Loan Takeover Facility applicant must have a minimum repayment track record of 6 months.
IDBI Bank Home Loan EMI Calculator
Armaan is the India Lead Editor for Forbes Advisor. He has more than a decade’s experience working with media and publishing companies to help them build expert-led content and establish editorial teams. At Forbes Advisor, he is determined to help readers declutter complex financial jargons and do his bit for India's financial literacy. You can club your spouse’s income with your income to be eligible for the loan amount requested for.
The bank offers personal loans to armed force personnel. Make best use of the EMI Calculator available. EMI is a fixed amount that a customer pays the bank as repayment to the loan taken.
You can obtain a personal loan for tuition or medical costs, for a big-ticket personal use product such as a new oven or an appliance, or even debt consolidation. IDBI Home Loans can have maximum repayment tenure of up to 30 years depending on your eligibility. It is extremely easy and instant to use this tool. All you need to do is enter three details - loan amount, interest rate, and loan tenure .
The online account simply shows whats the loan amount and whats due . There is no account statement, showing detailed transaction. For this, you need to email giving details and they will email you a pdf statement (after 2-3 days). You need to do this everytime you want to check your loan statement.
Just got the Car Loan from SBI; sanction was fast but disbursement was slow. Younger staff is energetic and helpful but old and lethargic employees are spoiling the image of this bank. Still, I went ahead with SBI (5 yr. tenure) due to Lowest interest rate, Daily Reducing Balance and No Pre Payment charges. I contacted HDFC Chennai branch for NEFT transaction.
I was trying to pre-pay the SBI car loan in Full via NEFT . However I have received a return message from NEFT stating “use discharge transaction to pay off entire loan”. Also, one more question can we make any prepayment of any amount or there is any restriction like one EMI or some thing…. When you do part payment with NEFT , outstanding principle is reduced , with reduction in the loan duration . Is it possible to reduce the EMI amount with loan duration is same. Now, I am having a Saving account to with same bank.
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