Table of Content
Then there is the option of Electronic Clearing Service which can be used if you have a non-DHFL account and would like your EMIs to be debited automatically at the end of the monthly cycle from this account. Lastly there is the Post-Dated Cheques using which you can submit post-dated EMI cheques from a non-DHFL account at your nearest DHFL Loan Centre. A fresh set of PDCs will have to be submitted in a timely manner.
I have taken topup housing loan from LIC HSG FINANCE LTD. Now i want to transfer it SBI. Is it possible to transfer this loan to SBI and how SBI will treat this loan i.e. housing or any other. Is that the only criteria to see only the rate of interest?
Home Equity Loan Best Rate
The lender will have to assess your eligibility again, so the process duration usually ranges from 7 days to 3 weeks. I applied for a home loan with Piramal and I got sanction for the required amount for 29 years under the Gruh Setu Home Loan. I have purchased the row house, and my family and I are happy that we will be moving into our new house soon. This step will either keep the EMI the same while shortening the loan tenure or keep the loan tenure the same while reducing the EMI amount.
Their demands are baseless, as there are no such rules and regulations. It is advisable to transfer your home loan to some other lenders which are offering a much lower rate of interest. Competitive interest rates – 12.75% for a home loan is exorbitant at a time when the lowest market rate is 9.55% ! Well established lenders offer lower interest rates as they are more stable and can afford to take care of their borrower’s interest, along with competing with the best in the industry.
Conversion Fees
DHFL Home Loan has several amazing features tailored to offer multiple benefits to its customers. 3 Tips to Buy a Mortgaged Property in India Purchasing a mortgaged property can come with a host of benefits. However, because it is a resale property with an existing loan, certain things should be kept in mind.
A home loan top up is an additional loan which can be availed on the mortgaged property. It will not be clubbed with your existing home loan. Its treated as a separate loan and the interest rate is higher than a home loan, but generally lower than a personal loan. 3) I general by transferring to HDFC , how much money i have to spend like processing fee, registration fees & other fees. To solve this, a meeting is held between representatives of the two banks.
Canara Bank Home Loan Faqs
For all other Home Loan products, the maximum repayment period shall be up to 20 years. Subsequently, your old loan account will be closed, meaning all payments towards the loan will have to be paid to the new bank. Provide these documents to the new bank that you wish to transfer the housing loan balance. Obtain a consenting letter from the existing bank along with the outstanding loan amount. The future EMIs on the outstanding loan balance will be payable to the new lender/bank as per the new terms and conditions.
As a borrower, you can transfer your outstanding balance to ICICI Bank. There is no balance transfer limit as such to avail this facility. A Home Loan Balance Transfer facility is available to anyone who has an existing Home Loan, with any bank. Any resident Indian can apply for the loan, whether you’re a salaried, self-employed or a business person. The customer shall pay the premium amounts directly to the insurance provider, promptly and regularly so as to keep the policy / policies alive at all times during the pendency of the loan. The maximum period of repayment of a loan shall be up to 30 years for the Telescopic Repayment Option under the Adjustable Rate Home Loan.
If you purchase an under construction property you are generally required to service only the interest on the loan amount drawn till the final disbursement of the loan and pay EMIs thereafter. In case you wish to start principal repayment immediately you may opt to tranche the loan and start paying EMIs on the cumulative amounts disbursed. The prepayment charges are subject to change as per prevailing policies of HDFC and accordingly may vary from time to time which shall be notified on . Yes, with the home loan balance transferred to a new bank, you can combine your other home loan installments as one to avail the benefits of lower interest with the new bank. The total amount to be paid will reduce from Rs.96,00,000 to Rs.85,44,960. If you opt for a shorter tenure, you may not save a lot of money but you can pay off the loan faster with while paying a similar amount of EMI as your existing loan.
We are one stop shop for all types of lending solutions. We manage the entire borrowing process for clients, starting by assisting our clients to choose the right product from the appropriate lending organization,till the time, the entire loan is disbursed. With DHFL, you can avail of a maximum loan amount of ₹75 lakh and a loan tenure of up to 25 years.
I took 24 lakhs home loan from DHFL for individual house and they are charging high interest rates 12.5%. I am located in Bangalore and the site is B katha. I have availed a loan of 20 Lakhs from DHFL in the year 2011 for aperiod of 20 yrs.
We never share your personal information with others unless required by law. An internal switch does not remedy customer service problems. So if you have the option- and even if the process takes 1-2 days of your work we recommend that this should be done as it will save you a lot and at least more than the 2 days of work. The process to shift to a new Bank takes 5-7 days and its easy if your track on the Home loan is good and you have a good credit history. The ECS from the account which is paid as Emi to current Bank is stopped and for the new Bank is issued.
While this depends on several criteria, the loan amount that can be availed is between Rs.20 lakh to Rs.10 crore. Can I club my income with that of family members to be eligible for a higher loan amount? Yes, Piramal allows you to club your income with that of your close family members, such as a spouse, parent, or child to get a higher loan amount.
Once your loan terms are finalized with DHFL you need to submit a letter to your current lender requesting your home loan be closed and get a NOC which will take at least 3 weeks. Now before disbursement they are asking for NOC from society if it is formed. In my case society is formed but the conveyance deed is not done by the builder to society.ie.,the land ownership still lies with the builder. So in this case NOC has to be obtained from society or builder or both. Also, please let me know if the society can charge me for this NOC and if it does not provide me NOC what legal actions i can take.
By continuing to use the site, you are accepting the bank's privacy policy. The information collected would be used to improve your web journey & to personalize your website experience. Pay your bills, shop online and make payment to any merchant unified payments interface ID easily and instantly. All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about HDFC’s products and services. For detailed information about HDFC’s products and services kindly visit the nearest HDFC branch.
If you opt for a loan up to 90% of the property purchase price, you have a higher probability of turning your dream of owning a home into a reality. You simply need to fill in the application form and submit all the required documents. Soon, you will receive a call from DHFL's relationship manager and start the process at your convenience. The online home loan application has made the process simpler and easier.
No comments:
Post a Comment