Abstract :

We Understand That A Home Is Not Just A Place To Stay. It Is Much More Than That. It Is A Warm Little Corner Of The World That Is Yours, Tailored To Your Tastes And Needs. It Is The Place Where You Celebrate The Joys, Deal With The Sorrows And Enjoy The Journey Called Life. There Is No Place Like Home And With HDFC Home Loans You Can Gather Hopes, Achieve Your Dreams And Create Memories In Your Own Space. Step Up Repayment Facility (SURF)*SURF Offers An Option Where The Repayment Schedule Is Linked To The Expected Growth In Your Income. You Can Avail A Higher Amount Of Loan And Pay Lower EMIs In The Initial Years. Subsequently, The Repayment Is Accelerated Proportionately With The Assumed Increase In Your Income. Flexible Loan Instalments Plan (FLIP)* FLIP Offers A Customized Solution To Suit Your Repayment Capacity Which Is Likely To Alter During The Term Of The Loan. The Loan Is Structured In Such A Way That The EMI Is Higher During The Initial Years And Subsequently Decreases In Proportion To The Income. Tranche Based EMI If You Purchase An Under Construction Property You Are Generally Required To Service Only The Interest On The Loan Amount Drawn Till The Final Disbursement Of The Loan And Pay EMIs Thereafter. In Case You Wish To Start Principal Repayment Immediately You May Opt To Tranche The Loan And Start Paying EMIs On The Cumulative Amounts Disbursed. Accelerated Repayment Scheme This Option Provides You The Flexibility To Increase The EMIs Every Year In Proportion To The Increase In Your Income Which Will Result In You Repaying The Loan Much Faster.

Published:

17-7-2025

Issue:

Vol. 25 No. 7 (2025)

Page Nos:

672 - 683

Section:

Articles

License:

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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