Half of the spread difference on the principal outstanding and undisbursed amount (if any) plus taxes, with a minimum fee of 0.5% and Max. On change of benchmark rate and/ or change of Spread Change On conversion where the resultant rate of interest is lowered On change of bench- mark rate and/or change of Spread Change On conversion where the resultant rate of interest remains the same Switch to a RPLR-NH Benchmark Rate (Non–Housing Loans) and corresponding spread 1.50%.Ġ.5% of principal outstanding and undisbursed amount (if any) plus taxes at the time of Conversion. Switch from Combination Rate Home Loan fixed rate to Variable rateġ.75% of the Principal Outstanding and undisbursed amount (if any) plus taxes at the time of Conversion. Switching to Variable Rate Loan from Fixed Rate Loan (Housing / Extension / Renovation) Upto 0.50% of the Principal Outstanding and undisbursed amount (if any) at the time of Conversion or a cap ₹50000 plus taxes whichever is lower. Switch to Lower Rate in Variable rate Loans (Housing / Extension / Renovation) 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 Name of the Product/Service The Borrower will be required to submit such documents that HDFC may deem fit & proper to ascertain the source of funds at the time of prepayment of the loan. Working Capital, Debt Consolidation, Repayment of Business Loan, Expansion of business, Acquisition of Business asset or any similar end usage of funds. Top up loans for Business Purpose i.e.Loans against property / Home Equity Loan for Business Purpose i.e.Own Sources: *the expression "own sources" for this purpose means any source other than borrowing from a Bank/HFC/NBFC or Financial Institution.īusiness Loans: **The following loans shall be classified as business loans: ₹ 250/- plus applicable taxes/statutory levies at the time of reversal Reversal of Provisional Prepayment under HDFC Maxvantage Scheme Re-Appraisal Of Loan After 6 Months From Sanction You may visit the website of CERSAI for all such charges at Other Charges Typeĭisbursement Cheque Cancellation Charge Post Disbursement A copy of the policy can be obtained by customers from the concerned branch on request.Īll applicable charges on account of Stamp Duty / MOD / MOE / Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) or such other statutory / regulatory bodies and applicable taxes shall be borne and paid (or refunded as the case may be) solely by the customer. Incidental charges & expenses are levied to cover the costs, charges, expenses and other monies that may have been expended in connection with recovery of dues from a defaulting customer. 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.ĭelayed payment of interest or EMI shall render the customer liable to pay additional interest up to 24% per annum. Such fees is payable directly to the concerned advocate / technical valuer for the nature of assistance so rendered. Minimum Retention Amount: 50% of applicable fees or ₹3,000 + applicable taxes whichever is higher.įees on account of external opinion from advocates/technical valuers, as the case may be, is payable on an actual basis as applicable to a given case. This will help you to get a clear understanding of the total savings on your home loan.Up to 0.50% of the loan amount or ₹3,000 whichever is higher, plus applicable taxes. The total cash outflow and your revised EMI of your outstanding home loan will be calculated to assist you to make a fair comparison, in case you make a balance transfer to HDFC Bank. Interest Rate (%): Input the interest rate of your existing home loan.Tenure: Input the balance loan term of your existing home loan.Existing Loan Principal Outstanding: Input the principal outstanding of your existing home loan with the other financial institution.Use HDFC Bank's Home Loan Refinance Calculator to find out the savings in EMI, resulting in lower cash outflow towards your home loan. Move your Home Loan outstanding balances to HDFC Bank pay lower monthly installments and enjoy the savings for the other things in life that really matter to you and your family. Do not miss a chance to lower your loan repayments when you have smarter options to choose from.
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