NRI............. |
| Fees |
Payments for fees, charges, and pre-EMI interest should be paid by remittances from abroad
through normal banking channels, your NR(E) Account and /or NR (Ordinary) account in
India. EMI payments have to be made through post-dated cheques from your NR(E) Account and
/or NR (O) account in India. You cannot pay by cash.
If you are in the Middle East you can pay the prescribed fee in UAE Dirhams by cheque (if
you are based in Dubai only) or demand draft drawn in favour of "Housing Development
Finance Corporation Limited". A fee of 1.25% of the loan amount applied for
i.e. Rs. 12.5 per Rs. 1000 of the loan applied for is payable when the application form is
submitted to HDFC.
For example: |
Loan applied for |
Fees |
Rs. 1,00,000 |
Rs. 1,250 |
|
Rate of Interest
The current applicable rate of interest in respect of the total loan approved is:
|
Term of Loan |
Rate
Per Annum (ROI)
(% Per Annum) |
Upto 5 years
6 to 10** |
10.25
11.75 |
|
** Maximum term of the loan is 7 years
except for professionals where the maximum term is 10 years.
Interest Rates are calculated on annual rest.
You repay the loan in Equated Monthly Instalments (EMIs) comprising principal and
interest.
EMI for a loan of Rs. 1,00,000 |
Term of Loan (Years) |
EMI
(Rs.) |
Upto 3 years
4 years
5 years
6 years
7 years |
3366
2644
2213
2013
1812 |
|
Pending final disbursement, you pay interest
on the portion of the loan disbursed. This interest is called pre-EMI interest.
No early redemption charge is payable if the repayment of the loan is ahead of its
schedule. You can repay/prepay the loan by remittances from abroad through normal banking
channels, your NR(E) Account and /or NR (O) account in India.
|
