Experience The NoBrokerHood Difference!

Set up a demo for the entire community

Thank You For Submitting The Form
Home / Finance / Home Loan / How to Pay Extra EMI for Home Loan HDFC?
Q.

How to Pay Extra EMI for Home Loan HDFC?

view 71Views

2 months

Comment

1 Answers

Send
0 2024-09-13T06:49:39+00:00
⤺ Reply

Paying extra EMI towards your HDFC home loan can help reduce the principal amount, shortening your loan tenure. I’ve shared the steps on how to pay extra EMI for home loan HDFC effectively. However, remember that the borrower will have the option to prepay up to 25% of the loan's opening principal amount each financial year after the first six months have passed, with no prepayment penalties. Prepayment penalties equal to 2% of the total amount prepaid beyond the 25% threshold will be applied to any amounts exceeding that threshold each fiscal year.

What are the Steps of HDFC Home Loan Extra EMI Payment?

  • Online Payment via HDFC Net Banking: Access your HDFC net banking account by visiting the

    HDFC Bank website

    or using the mobile app. Go to the ‘Loans’ section and select your home loan account.Look for the ‘Prepayment’ or ‘Extra EMI Payment’ option. Specify the amount you want to pay as an extra EMI. Confirm the payment details and complete the transaction.

  • Through HDFC Mobile App: Open the HDFC mobile banking app on your smartphone. Enter your credentials to log in. Navigate to the ‘Loans’ section and select your home loan. Choose the option to make a prepayment or an additional EMI payment. Enter the amount and confirm the transaction.

  • In-Person at HDFC Branch: Go to your nearest HDFC Bank branch. Request a prepayment form from the bank officer. Fill out the form with the amount you wish to pay as extra EMI and submit it along with the payment. Ensure you get a receipt for the transaction.

This is how to pay extra EMI for home loan HDFC.

Get a Home Loan at Lowest Interest Rates Via NoBroker Home Loan Services

Read more

What Is EMI Payment: Down Payment In EMI?

 

 

Shifting, House?

✔

Lowest Price Quote

✔

Safe Relocation

✔

Professional Labour

✔

Timely Pickup & Delivery
inline_cards

Intercity Shifting-Upto 25% Off

Check Prices

inline_cards

Intracity Shifting-Upto 25% Off

Check Prices

inline_cards

City Tempo-Upto 50% Off

Book Now

Most Viewed Questions

How to Change Email ID in PAN Card?How Much Money Can Be Transferred Through YONO SBI?What is Cooling Period in SBI YONO?How to Increase Transfer Limit in SBI YONO?How to Check Personal Loan Eligibility in SBI Yono App?How to Pay SBI Home Loan EMI Online?How to Add Beneficiary in SBI YONO App?How to Transfer Money From YONO SBI?How to Pay Loan Amount in YONO SBI?How to Preclose ICICI Personal Loan?See All

Recently Published Questions

What is Yes Bank Personal Loan Lock in Period?What is IDFC Bank Personal Loan Minimum Salary?How to Get Instant Approval for Personal Loan?What is the Minimum Salary for Muthoot Personal Loan?What is BOB Personal Loan Pre Closure Charges?What is Punjab National Bank Personal Loan Minimum Salary?What is the Minimum Salary for Personal Loan in Bandhan Bank?How to Apply Personal Loan in OBC Bank?Can I Take Personal Loan to Invest in Stocks?Can a Student Apply for Personal Loan?See All

Authors Of The Question

profile
Akanksha Shukla (law graduate)

7 Total Answers


0

0

profile

Recently Answered Questions

Can Landlord Force You to Sign New Lease? Can a Landlord Have Cameras in the House? What is IDFC Bank Personal Loan Minimum Salary? How to download professional tax challan ? How to buy govt land in Odisha? How to fill 10C form of PF? Is Rent Agreement Mandatory for GST Registration? How To Do GST Audit? How to Download GSTR 3B From GST Portal? How to Reduce GST Late Fees?
Flat 25% off on Home Painting
Top Quality Paints | Best Prices | Experienced Partners