Finance

May 15 2017

NRI Home Loan, Interest Rates, Calculator, Home Loans For NRI In India #dental #loans


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Your work might have taken you abroad but the yearning for the homeland remains unabated. With HDFC Home Loans turning your dream home in India, into a reality, is convenient and easy.

Dubai [Middle East]

Office No 105, First Floor, Juma Al-Majid Commercial Building Opp. Burjuman Centre (Extension), Trade Centre Road, P O Box No. 29022, Dubai

Salient Features :

Prepayment charges
Adjustable Rate Home Loans [ARHL] and

Dual Rate Home Loans [DRHL] / Fixed First Home Loans / TruFixed Rate Home Loans / TruFixed Plus Home Loans / TruFixed Plus Home Loans – 2 3 Year Fixed Rate Variants – during the period of applicability of the Adjustable Rate of Interest :

For all loans sanctioned to individual customers:

No prepayment charges shall be payable on account of part or full prepayments.

For all other loans:

There will be no prepayment charges payable for any amount up to and including 25% of the opening principal balance for a given financial year.

However any part prepayment in excess of 25% or full prepayment shall bear a prepayment charge of 2%, plus applicable taxes, of the amounts being so prepaid if the prepayment is made within 3 years from the date of first disbursement of the loan (such amounts shall include all amounts prepaid during the given financial year).

There will be no prepayment charges payable for any part prepayment if such a part prepayment is made after 3 years from the date of first disbursement of the loan.

Full prepayment made after 3 years from date of first disbursement of the loan shall bear a prepayment charge of 2%, plus applicable taxes, of amounts being so prepaid if source of such prepayment is by the way of borrowing from a Bank / Housing Finance Company (HFC) / Non Banking Financial Company (NBFC) or Financial Institution. (such amounts shall include all amounts prepaid during the given financial year).

Fixed Rate Home Loans [FRHL] and

Dual Rate Home Loans [DRHL] / Fixed First Home Loans / TruFixed Rate Home Loans / TruFixed Plus Home Loans / TruFixed Plus Home Loans – 2 3 Year Fixed Rate Variants – during the period of applicability of the Fixed / Initial Rate of Interest:

No prepayment charges shall be payable for part or full payments made from own sources. The expression ‘own sources’ for this purpose means any source other than borrowing from a Bank / Housing Finance Company (HFC) / Non Banking Financial Company (NBFC) or Financial Institution.

The prepayment charge shall be 2%, plus applicable taxes, of the outstanding amounts being so prepaid through refinance from any Bank / HFC / NBFC or Financial Institution (such amounts shall include all amounts prepaid during the given financial year).

You shall be required to submit a Prepayment Request Letter along with copies of your Bank Statement or any other document that HDFC deems necessary to ascertain the source of funds used for the prepayment.

Conversion fees

We offer our existing customer the option to reduce the applicable rate of interest on the Home Loan (by changing the spread or switching between schemes) through our Conversion Facility. You can take advantage of this facility by paying a nominal fee and opt for either reducing your monthly instalment (EMI) or loan tenure. Terms and conditions apply.

To avail of our Conversion Facility and to discuss the various available options either click here to allow us to call you back or log on to our Online Access for Existing Customers. to get your Home Loan account information 24×7.

The following options of conversion are available to an existing customer of HDFC:

Switch to a lower Interest rate in the Adjustable Interest Rate Option:

HDFC offers you an option to convert your existing adjustable rate to HDFC’s current adjustable rate by effectuating a change in the spread as indicated in the loan agreement.

In case of a partly disbursed loan, the fee payable to avail the conversion shall be 0.50% plus applicable taxes of the principal outstanding plus the undisbursed loan amount or Rs. 50,000 plus applicable taxes, whichever is lower.

In case of a fully disbursed loan, the fee payable to avail the conversion shall be 0.50% plus applicable taxes of the principal outstanding or Rs. 50,000 plus applicable taxes, whichever is lower.

Switch from Fixed Interest Rate Option to the Adjustable Interest Rate Option:

HDFC offers you an option to convert from a Fixed Interest Rate Option to the Adjustable Interest Rate Option for the balance term of the loan.

In case of a partly disbursed loan, the fee payable to avail the conversion shall be 0.50% plus applicable taxes of the principal outstanding plus the undisbursed loan amount or Rs. 50,000 plus applicable taxes, whichever is lower.

In case of a fully disbursed loan, the fee payable to avail the conversion shall be 0.50% plus applicable taxes of the principal outstanding or Rs. 50,000 plus applicable taxes, whichever is lower.

Please note that this option is not available to customers currently under the Fixed First Home Loan products.

Switch to a lower Interest Rate in a Dual Rate Home Loan Option:

HDFC offers you an option to convert your existing rate to HDFC’s current rate.

In case of a partly disbursed case the fees payable to avail such change shall be 0.50% plus applicable taxes of the principal outstanding plus the undisbursed amount or Rs. 50,000 plus applicable taxes, whichever is lower.

In case of a fully disbursed loan, the fee payable to avail such change shall be 0.50% plus applicable taxes of the principal outstanding or Rs. 50,000 plus applicable taxes, whichever is lower.

Switch from TruFixed Home Loan product (during the period of initial rate of interest) to the Adjustable Interest Rate Option:

Under this product, during the fixed tenor, you have the option to convert to an adjustable rate product on payment of an upfront conversion fee of 1.75% of the principal outstanding plus the undisbursed amount plus applicable taxes.

Switch from TruFixed Plus Home Loan product (during the period of Initial rate of interest) to the Adjustable Interest Rate Option:

Under this product, during the fixed tenor, you have the option to convert to an adjustable rate product on payment of an upfront conversion fee of 1.75% of the principal outstanding plus the undisbursed amount plus applicable taxes.

Under this product, you have the option to convert an existing adjustable rate product to a fixed rate under the TruFixed Plus rate product on payment of an upfront conversion fee of 1.75% of the principal outstanding plus the undisbursed amount plus applicable taxes.

Fees 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. Such fees is payable directly to the concerned advocate/technical valuer for the nature of assistance so rendered.

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.

Delayed payment of interest or EMI shall render the customer liable to pay additional interest up to 24% per annum.

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. A copy of the policy can be obtained by customers from the concerned branch on request.

All 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. You may visit the website of CERSAI for all such charges at www.cersai.org.in


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