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What is the repayment tenure?

April 26, 2017repayment tenure

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What is the repayment tenure?

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• Home Equity Loans – Maximum loan tenure of 15 years. • Office premise loan – Maximum loan tenure of 15 years. • Home loan – Maximum loan tenure of 30 years. (ii) How is the loan repaid? All loan repayments are done via equated monthly installments (EMI). (iii) What is an EMI? An EMI refers to as equated monthly installment. It is a fixed amount which you pay every month towards your loan. It comprises of both, principal repayment and interest payment. (iv) When does the repayment start? EMI payments start from the month following the month in which the full disbursement has been made. (v) How is the EMI paid? The EMI is to be paid every month through post-dated cheques (PDCs) or direct deductions from your salary. If you are opting for PDCs, then you will have to provide 36 up front. The PDCs are to be dated on the 1st of every month. However, if you receive your salary a few days later, no problem.

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Repayment tenure is the tenure for the number of year for which the loan gets sanctioned. We offer you a wide range of options for the tenure of the loan. You can take a home loan for up to 25 years provided you do not reach the age of 65 years or retire within that period.

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Loan against Property – Maximum loan tenure of 15 years. Office premise loan – Maximum loan tenure of 15 years. Home loan – Maximum loan tenure of 15 years. You can approach us in any of the following ways Call us at our 99679 30077 Type ISEPL to 4545 Write to us at enquiry@isepfs.

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The loan will have to be repaid in monthly installments within a period of 48 months, with a maximum initial moratorium of 3 months.

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Repayment tenure is the tenure for the number of year for which the loan gets sanctioned. We offer you a wide range of options for the tenure of the loan. You can take a Loan Against Property for up to 15 years provided you do not reach the age of 65 years or retire within that period.