FAQ

No, you must not break your fixed deposit to get a home loan. As you know FD is a long term investment and there are zero market risks. You can borrow a home loan to purchase, construct, renovate and extend a housing unit. The loan will be given at... Read More

The loan interest rate is the deciding factor while applying for a personal loan. As you know in personal loans users don't need to provide any assets. That's why lenders charge a higher interest rate on personal loans compared to loans backed by... Read More

YES, YOU CAN APPLY FOR A CREDIT CARD AND A LOAN AT THE SAME TIME. You can apply for both the credit facilities at the same time. But the approval will most likely depend on your credit score. There are many credit information agencies such as... Read More

A CIBIL score of 780 simply means a brilliant score for you. If you do not know what CIBIL score means then let us first decode it for you. A CIBIL score is basically a 3-digit mathematical representation of your creditworthiness. The score... Read More

YES! A credit score is mandatory for a personal loan in HDFC.  In fact, not only for HDFC Bank but the credit score is also mandatory for a personal loan from any other bank or a financial institution in India. Any lender will check your... Read More

For a smooth repayment journey, it is vital you get an idea of how much loan you are supposed to get. At the same time, it is vital to know the EMI you will pay to the lender. To your help, there are loan eligibility and EMI calculators available... Read More

To grab a better personal loan deal, you must compare the loan offers of private and public sector banks. As you compare the offers, you’ll come across two giants - State Bank Of India and Axis Bank. So, if you want to take a personal loan from... Read More

YES! You can apply for a personal loan with a CIBIL score of 557. But chances of getting the loan approval from the lender are reasonably low with such a poor CIBIL score. In order to get a personal loan, the ideal score is considered to be 700 or... Read More

You can pay the personal loan in equated monthly installments (EMIs) for a maximum of 5 years. But if you want to close your loan fast, you can take the route of either prepayment or part payment. The prepayment means the payment of the entire loan... Read More

A lesser rate of interest on a home loan is possible on meeting the following conditions. Women Applicants: Several banks and housing finance companies provide a cheaper rate of interest to the women borrower. If the applicant is female then... Read More