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They have confirmed that I can add the Loan A/C as third party only if I was paying thru ICICI bank and not any other bank. Also customer care, has indicated, that prepayment is possible thru physically visitint the branch. I remember I used to repay credit card bills by adding card numbers as saving account and transfer money online. This one I used 3 yrs back when visa credit card transfer option not there. I did it for ABNAMRO, ICICI, HSBC, HDFC credit cards hassle free.
I guess your BOB is assuming this Rs 500 as advance payment for EMI and not as prepayment . Also see in comments section who else succeeded in making prepayment for his BOB loan account, i can connect you to him/her if required to know more on this . If one has a savings account also with SBI then they can get the information by calling the customer care.
Points to Note While Pre-Closing Your IDBI Bank Personal Loan
It has only two options Savings and Current for account type. What is your opinion on ‘home-saver’ type of accounts that are offered by SCB and others? You can park extra funds in the linked savings account, the interest due is subtracted from the EMI. In case you want to withdraw money, you can always do it. So as soon as I get the credit card statement, I schedule the payment via NEFT one day before the due date. I have been paying my credit card amounts via NEFT and it gets credited on the same day of transfer.
For few other friends there was no restrictions imposed. If you have bank account and loan account in same bank , it should be more easy process of just linking the accounts, ask your bank on this to guide you. Why only pre-payment, you can also pay your regular EMI’s using online options instead of post dated cheques.
PMAY CLSS Scheme Types
The Mahabank personal loan is available at affordable interest rates and the difference between the maximum and minimum interest rate range is not wide, making it desirable. Self-employed people can also apply for this loan if they have been banking with the Bank of Maharashtra. This is not correct, atleast anymore , cause I have made prepayment to my IDBI home loan account through NEFT last month i.e. And the same is reflected to my HL outstanding as well.
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How to Calculate IDBI Bank Home Loan EMI?
Maximum age 65 Years at loan maturity or retirement age whichever is earlier. Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier. You can reduce your interest cost by availing our product Home Loan Interest SaverPlease click here to know the details.
Under this scheme you can link your Home Loan account with your Flexi Current Account. The interest liability on your Home Loan reduces to the extent of surplus funds available in the operative current account. You can withdraw or deposit funds from this current account as and when required. The interest on Home Loan is calculated on outstanding loan balance minus balance available in the Current Account. For Home Loan Takeover Facility applicant must have a minimum repayment track record of 6 months.
Such a customer is eligible to avail a benefit of up to Rs.1.5 lakh per year. The customer can claim for income tax returns as per what is mentioned in Section 80 C of the Income Tax Act. \nThis is where the idea of a personal loan comes into the picture. Positive Pay System enables an additional security layer to the cheque-clearing process wherein the issuer of the cheque shares cheque details with the bank. When the beneficiary submits the cheque for clearing, the presented cheque details will be compared with the details provided to the bank through PPS.
Hope the money does not get stuck somewhere and I spend days in tracking where the money is….. NEFT is a nation-wide payment system facilitating one-to-one funds transfer. Individuals can electronically transfer funds accross the country from one bank to another bank participating in the Scheme. This the current account number of HDFC Ltd, Delhi where people can prepay their loan via NEFT/REGS if they have taken loan from HDFC.
Kindly speak with the bank staff for further information on the same. IDBI Bank home loan statement is available to borrowers online and offline, allowing you to keep track of your debts as well as helping you to plan for the future. A personal loan may be used for several reasons.
\nIDBI bank charges the below mentioned rates as fixed interest rates on home loans. \nIt is a parameter banks resort to in order to calculate an applicant’s bank loan eligibility. All the FIOR of the applicant is taken into account while determining his or her loan eligibility. Any defaults on your loans’ payment schedule is likely to hurt your credit score, a key metric used by lenders to determine whether they want to disburse a loan to you.
The products offered by the bank are as follows. IDBI Bank does not charge any fees for providing the loan statement to you once every year. If you wish to receive multiple home loan statements each year, you may be charged a fee.
AFINOZ.COM is an online financial marketplace for customized rate quotes on loans and investment products in India. \nForm 16 is a certificate issued to an employer containing all the information that is required to file income tax returns. \nUnder Certain circumstances, a customer can claim for an income tax return of up to Rs.2 lakhs. \nThere are many factors on which the interest rate on home loans depend.
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