HDFC Bank provides a variety of repayment plans to accommodate various types of potential borrowers' needs. This is done largely to attract more potential borrowers. The repayment options are as follows; Step-Up Repayment Facility (SURF), Tranche Based EMI, Flexible Loan Instalments Plan (FLIP), Accelerated Repayment Scheme, and Telescopic repayment option HDFC.
What is HDFC telescopic repayment option?
The borrower will receive a longer repayment period under the telescopic repayment plan—up to 30 years—which will result in more manageable monthly payments and improved loan eligibility. The EMI is lower, and the borrower has the choice to prepay the loan when there is extra money.
Calculate your EMI on a home loan via the NoBroker EMI calculatorI hope this clarifies your query about what is telescopic repayment option in HDFC Bank.
I’d like to conclude my answer here about the Telescopic repayment option HDFC. However, I’d like to suggest you sit down with your banker, go through your financial situation, estimate your income for the next few years, and choose the sort of loan repayment option. Don't forget to consider the entire amount of interest paid over the course of the loan.
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What is HDFC Telescopic Repayment Option
Samhita
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2023-05-20T11:00:40+00:00 2023-05-20T20:43:35+00:00Comment
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