Sentences with phrase «tenure of the personal loan»

When applying for a Balance Transfer of your personal loan to HDFC Bank the tenure of your personal loan can be reworked to suit your ability to pay back the loan.

A Balance transfer can be availed at any time during the tenure of a Personal Loan, the terms & conditions for the pre closure being fulfilled.

Henceforth the EMI is debited at a fixed date month on month for the Tenure of the Personal Loan.

Well, the maximum tenure for a personal loan is 5 years while a top up loan's tenure could go up to the remaining tenure of the personal loan.

While the maximum age till which the applicant should complete the Tenure of the Personal Loan availed is 60 years.

Not exact matches

Tenured teachers have the greatest level of job security, and have an advantage in obtaining the lowest personal loan interest rates.

Obtaining a personal loan from IndusInd Bank provides you with a tenure option of 1 - 5 years.

If your Personal Loan with the External Bank has been granted for tenure of 36 months, applying for tenure of 48 or 60 months will further reduce your EMI.

If the payment of the EMI is not affordable then it is best to apply for Balance Transfer of your personal loan for a longer tenure.

Pre-Closure Penalty — Is the penalty the bank may apply towards the closure of the personal loan before the stipulated tenure

So it is a good idea to take a Balance Transfer of your personal loan at least once during the tenure for the following reasons;

With flexible repayment tenure and swift pay - out, it is one of the smartest ways to reduce personal loan burden and improve your credit rating.

If a personal loan holder wants to return the loan amount borrowed from a Bank or a financial institution before the completion of the loan tenure it is called a pre closure.

The payment of the personal loan is by deduction through ECS from the salary account on a fixed date for the entire tenure.

The tenure is the duration for the pay back of the Personal Loan.

Customers should seek a Balance transfer early in the tenure to gain the most, taking a Balance transfer once during the tenure should be considered, the reason for Balance transfer of the Personal Loan can be any of the following;

Penalty charges for closure of your Personal Loan before the tenure expires vary according to the stipulated policy of the Lending Banks & can range from nil up to 6 %.

After the successful balance transfer of your personal loan, an applicant can choose apply for a different tenure.

With the reduced rate of Interest If the applicant can now afford to pay back the Loan with in a shorter period by choosing a shorter Tenure, or extend the tenure up to 60 months for repayment of the PersonalTenure, or extend the tenure up to 60 months for repayment of the Personaltenure up to 60 months for repayment of the Personal Loan.

Usually, maximum tenure is about 5 years and the top - up loan facility is offered only after a few years of your already existing personal loan giving a fair record of repayment history, no pending or defaults down the years and this also increases your loan eligibility.