Can I change my loan payment date in HDFC?

Yes, you can change the EMI date on your personal loan. There is no set procedure for doing this.

Can we change loan due date?

There is no fixed procedure to change the personal loan EMI date. You will need to intimate your lender about the EMI date change requirement. You can do this by visiting your nearby branch, calling your lender’s customer service, or by submitting a detailed application, addressing the branch manager.

What happens if personal loan EMI is missed HDFC Bank?

Penalties – HDFC Bank charges late fees as penalties for individuals who miss their EMI payments. The amount charged could vary but is usually around 1\% -2\% of the EMI that is due. CIBIL™ Score – One of the immediate consequences of defaulting on personal loan payments is a decrease in the credit score.

How can I pay my HDFC personal loan if I miss EMI?

How to Make HDFC Loan Payment Online at Paytm?

1. Go to HDFC loan payment page on Paytm.
2. Enter your Loan Account Number.
3. Click on ‘Get Payable Amount’
4. Check the payable amount and choose the payment method of your preference Proceed to make the payment.
5. You are done with it.

Can we change the tenure of personal loan?

Ask your bank for increasing the tenure: Yes, you can ask your bank to increase the loan tenure after the term is started. And while you are doing that, you can opt for a higher loan tenure as against the earlier one as per your repayment capacity. Typically HDFC Personal Loan offers Loan tenure around 3 to 5 years.

How can I reduce my personal loan tenure?

Simple Ways to Reduce Your Loan EMI

1. Opt for a Higher Down Payment.
2. Choose a Loan With a Longer Repayment Tenure.
3. Go for a Step-Down EMI Plan.
4. Consider Taking Loans With Your Existing Bank.
5. Negotiate With Bank For Lower Rate.
6. Compare Before You Switch Your Lender.
7. Full or Part Prepayment Helps Reduce Loan Burden.

Is HDFC extended moratorium?

The COVID-19 Moratorium on HDFC Bank personal loans has ended as of October 1, 2020 and you are now required to start making regular EMI payments.

How can I increase my loan tenure in HDFC Bank?

Ask your bank for increasing the tenure: Yes, you can ask your bank to increase the loan tenure after the term is started. You are required to submit a written application at the HDFC branch your loan is running and request the bank to increase your loan tenure.

How can I pay my HDFC loan EMI after due date?

Enter your HDFC Bank overdueLoan account number and Date of Birth. Select your net banker from drop-down and click on PAY. You will be securely redirected to the bank payment interface of your chosen net banking option. Confirm your payment amount towards your HDFC Bank Loan account.

Can I pay EMI before due date?

Yes, you can opt for EMI in advance even if the interest rate is a floating rate. If I don’t have enough funds for a down-payment on my loan, which kind of EMI will be better? For those who don’t have sufficient funds to make a down-payment on a loan, EMI in arrears would be the ideal option.

Can I pay HDFC loan EMI before due date?

HDFC Bank enables a personal loan borrower to make a pre-closure or a pre-payment of loan. However, you will be able to prepay your HDFC personal loan only after 12 months after you have procured your loan and after paying 12 EMIs plus the foreclosure charges that may be applicable.

Can I Change my due date for a personal loan with HDFC?

Yes, you can have a word with the bank regarding the same and can shift your due date for a personal loan with HDFC. However, to make things better, you can submit a written application/form stating the same or you can get in touch with the customer care team of the bank to help you out with this.

How HDFC personal loans work?

HDFC personal loans are not only provided at a competitive rate of interest starting from 10.75\%, but are also backed by a feature-rich net banking portal. The online banking portal of HDFC allows users to track personal loan application, check loan status, access loan repayment schedule and do much more.

How long does HDFC Bank take to close a loan?

HDFC Bank usually takes around 15 working days for sending the confirmation for a pre-closure of a personal loan account. You will get a notification on your registered email ID and mobile phone number once the preclosure is confirmed. Why does my loan account show the status as ‘Settled but not closed’?

What does hdhdfc loan application accepted mean?

HDFC Loan Application accepted means that the bank may have received your application or documents and it’s under process. Receiving your loan application : The bank needs a loan application to initiate the document collection and verification process. You may visit your nearest branch or fill in the application online.