What is SURF?
Ans.: SURF or the Step Up Repayment Facility as it is originally known, is a scheme that is provided to young professionals who have just begun their careers. Considering that their repayment capacity will increase steadily in the near future, this scheme increases the repayment capacity of a customer. Thereby his loan eligibility also increases as it considers the increase in income of the customer over the next few years. Kindly go through our Types of Product content for more details on the SURF scheme. • What happens if my property value falls? Ans.: There are always unexpected fluctuations in real estate prices. Accordingly the price of your property may rise or take a plunge. However you must not discontinue the payment of your instalments. Fluctuating values of property do not in anyway undermine the need for you repay your loan obligations on time, as any default in payments by you will seriously damage your credit profile and further ruin your chances of getting any loans. Inc
