Key aspects to evaluate before prepaying include prepayment penalties, actual savings based on the reducing balance method, the stage of loan repayment, and the prevailing interest rate.
The blog outlines how to obtain a ₹20 lakh Personal Loan from HDFC Bank for various needs such as weddings, home renovations, or debt consolidation, highlighting the simple application process, eligibility criteria, and required documents.
Personal loans require no collateral or security, making them accessible with minimal documentation. Funds from personal loans can be used for various expenses like education, weddings, travel, home renovation and more.
