Dear Customer,
Sub: Revision in charges & fees structure of your Two-Wheeler Loan
We have an important update for you regarding your Two-Wheeler Loan. There is a revision in the Fees & Charge with effect from 15th March 23 :
Pre-payment charges have been renamed to Premature closure charges.
| Current Charge | Revised Charges w.e.f 15th March 23 |
|---|---|
| Pre-payment up to 3 Months- Not Allowed Pre-Payment within 4 to 12 months from 1st EMI – 6% of principal outstanding |
Pre-mature Closure Charges (on principal outstanding) - Up To 12 months - 6% of principal outstanding |
Overdue EMI Interest charge: 2.5% per month (30% p.a. on EMI Overdue) has been withdrawn with immediate effect.
Delayed instalment payment charge of 18% p.a. would be charged on overdue instalment amount for your two wheeler loan + applicable GST / government taxes.
All other fees and charges remain unchanged. You may refer to the below links for details:
https://www.hdfcbank.com/two-wheeler-loan/fees-and-charges
We Assure you the best service of our service always
Warm Regards
HDFC Bank