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\nTo process the home loan application, the following documents are necessary. \nBelow are listed some important points that an applicant has to ensure before applying for a home loan. This makes sure that the entire loan application procedure will be hassle free which otherwise might be tedious. \nIt is actually better to have a co borrower if this person has a good credit behaviour. This increases the trust the bank has in you and hence it increases your chances of getting a home loan. \nA customer is eligible for tax benefits if he or she pays a certain amount to the Income Tax Department as income tax.
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.
Types of Personal Loan
In fact, it defies the purpose of going for Maxgain against conventional Home loans. So honestly, I never bothered to find out if at all I can do it. Yes, banks do give the option of paying towards your principal through NEFT. Just add the loan account as beneficiary in any of your bank accounts and make the payment. But thought I would add to the context since you started with the problem statement of Rahul who apparently had Home loan through ICICI bank. Part prepayment can be done through NEFT but it truly depends on Bank to Bank.
Initailly it was paid through post-dated cheque. To process the home loan application, the following documents are necessary. The applicant is given a choice between floating interest rate and fixed interest rate.
Points to Note While Pre-Closing Your IDBI Bank Personal Loan
Any salaried professional/ pensioner having salary/ pension account with IDBI Bank can apply for a personal loan. \nIDBI offers both floating interest rates as well as fixed interest rates. Also, as per RBI mandate, IDBI has switched from Base rate based lending rate to Marginal Cost of Funds based Lending Rates . Whether you pick loans, deposits, or anything else, the bank offers an enticing interest rate on its goods and services.
The bank will take you through the process step-by-step. However, we’ve listed a few things that could help make this process a seamless and smooth one. Read on to find out how you can close your IDBI loan ahead of time and save money.
Positive Pay System (PPS)
Very informative post indeed and all the best for your work to educate all the people. \nA top up loan is an additional loan that a bank offers to its customers over the existing loan that the customer has taken. A client can apply for such an option if he or she has repaid a certain from the borrowed amount.
For few other friends there was no restrictions imposed. If you have bank account and loan account in same bank , it should be more easy process of just linking the accounts, ask your bank on this to guide you. Why only pre-payment, you can also pay your regular EMI’s using online options instead of post dated cheques.
Rashmi, I fail to understand why people with Maxgain , insist on repayment in “conventional” way. To me, it is like insisting on someone sending “SMS” when both of us have Whatsapp with message recall facility if you accidentally send a message with wrong details. For Maxgain your bookbalance goes down so does your interest. Plus in emergency, you can withdraw this prepaid amount . IMHO, there is absolutely no practical advantage of ‘conventional’ prepayment for Maxgain.
Hope the money does not get stuck somewhere and I spend days in tracking where the money is….. NEFT is a nation-wide payment system facilitating one-to-one funds transfer. Individuals can electronically transfer funds accross the country from one bank to another bank participating in the Scheme. This the current account number of HDFC Ltd, Delhi where people can prepay their loan via NEFT/REGS if they have taken loan from HDFC.
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.
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.
Kindly speak with the bank staff for further information on the same. IDBI Bank home loan statement is available to borrowers online and offline, allowing you to keep track of your debts as well as helping you to plan for the future. A personal loan may be used for several reasons.
Though their services are available in selective cities only, their comparatively low interest rates make them worth considering. There are other banks where this gap is not much for those with a poorer credit score. The Cent personal loan is available at a maximum interest rate of up to 11.95% in the case of a high risk loan making it really competent. Another positive aspect is that there is no processing fee for defense personnel.
IDBI Bank Home Loan for NRI or PIO
Good to hear that SBI and other nationalized banks allow this facility. I check the availability of funds , adjust if needed and transfer before the EMI date. Although the interest charged is calculated as per my reduced outstanding balances.
I become contacted on time and accumulated the documents. They supplied a good buy at the rate of interest and processing costs while as compared to the alternative banks. The after-loan offerings are likewise right and satisfactory. You can repay IDBI personal loans in monthly instalments through the ECS facility or post-dated cheques. With its internet banking, IDBI Bank offers its clients around-the-clock, anytime, anywhere access to online banking services.
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