By reading this heading,Many have though that this is a illusionary heading but this is truth. We have already saved Rs 5.25 lakh by paying just Rs 4070/-for only one time.Present rate of Home loan shown was 12.75 and after this change loan rates has been reduced to 10.50. No of Housing loan installment reduced to 154 from 215 of 8597 each. Saving 61*8597=Rs 524517/.In another case loan rate reduced from 14.00% to 10.50.The Benefit depends upon the remaining payment period as well as balance capital. HDFC BANK CREDIT CARD CASH BACK REDEMPTION COUPON. Credit Card Conversion points as per last statement will Card number (*) Ration only be considered) (*) 1 Reward Point =. Cashback will be credited to your card account within 10 working days from the date of receipt of this form. HDFC Bank Credit Card may award Rewards Points on a uniform basis for any other actions as HDFC Bank Credit Card may decide either for a specific period or for a specific situation HDFC Credit Card Reward Points are redeemable for purchase of specific goods and vouchers as may, from time to time, be intimated by HDFC Bank Credit Card. If period/capital is more then the benefit is more, if period is less then benefit is less. Further Through below mentioned method you can avoid obligation and formalities of refinancing of Loan.Please note that though we have comparing benefit with less installment to be paid but the actual benefit is the difference in interest which you will save. After removal of prepayment penalty, customers can easily transfer loans to other banks as cost of refinancing has been reduced significantly,Now only problem left is the completing the formalities of old bank and new bank.So it is better if your existing bank reduce your home loan interest at par with new customers. Good news is that HDFC ltd has already started the process of reducing the Home loan interest rates of existing customers to identical rate offered to new customers.To switch over to this option you have to pay nominal charge which is only a one time fees. Further You can do this online in around 5 minute time,and can save your Hundred of thousand of rupees. Term and condition shown on website(reproduced Here under) We offer you the option to reduce the rate of interest on your loan by opting for a revised spread in respect to your loan. This conversion (change of spread) shall be with prospective effect upon payment of a conversion fee and execution of documents as HDFC may prescribe in that behalf. For your benefit, we now offer the facility to view the conversion (change of spread) options available, at any point in time, from the comfort of your home or office. All you need to do is follow a few simple steps as mentioned subsequently and avail the benefit of a lower rate of interest on your loan. The steps to follow for this benefit of Interest spread (Conversion): 1. Select the proposed applicable ROI you choose to opt for your loan account. You have the option to increase the EMI OR keep the EMI same and decrease the Balance Term. On confirmation, a PDF file (Promissory note and Conversion request letter) will be generated. Kindly print the same on separate sheets of paper (A 4 size). Kindly affix a revenue stamp of Re. 1 on the promissory note. All applicants to the loan need to sign on the places marked ‘X’ and across the revenue stamp. These documents, duly signed by all the applicants need to be submitted to HDFC Ltd in person along with a cheque for the conversion fee. The cheque favouring ‘HDFC Limited’ should be for the amount as indicated in the calculation above. One or all of the co-applicants to the loan need to personally visit the nearest HDFC office with above documents. In case you have decided to change the EMI, and the mode of your repayment is Post dated Cheques, please carry your cheque book to issue fresh cheques for the new/additional EMI. The concerned HDFC official will discuss the conversion options selected by you. On necessary compliance of the documentation & other formalities to the satisfaction of HDFC Limited, the conversion will be effected. A Letter confirming the same and mentioning the revised terms of the loan account will be issued. Noc Form Download For PassportHDFC Bank Loan Assist - Your loan journey is ours too! Available to customers of all banks Get complete loan assistance with HDFC Bank LoanAssist App. Check loan offers, apply loan with instant approvals, track status 24 x 7, manage finance, get exclusive deals, podcasts and much more. Cao Form Download For 2019 CalendarLoanAssist lets you apply for HDFC Bank Loans such as Personal Loan, Home loan, Car Loan, Two Wheeler Loan, Business Loan, Gold Loan, Credit Cards and much more in one simple click. What’s more, with HDFC Bank LoanAssist app you can track the status of your loan application in real time. The application also lets you manage your finances with features like Expense tracker (powered by Money view), calculation of your EMI, savings on loan transfer to HDFC Bank, future planning with financial tools, premium calculators and credit score.
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