El Tribunal Constitucional como órgano jurisdiccional

Repayment Terms of your Home Loan

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What

What ii the repayment tenure?the repayment tenure? How

How ii thethe lloan repaoan repaii ?? What

What ii anan EE I?I?

When does the repayment start? When does the repayment start? How

How iis thes the EE I paI paiid?d? What

What ii a PDC bounces?a PDC bounces? What

What iis pre-s pre-EE II iinterest?nterest? When do I pay P

When do I pay PEE Is?Is? What

What iis the repayment tenure?s the repayment tenure?

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What is an EMI? What is an EMI?

An EMI refers to an equated monthly installment. It is a fixed amount which you pay An EMI refers to an equated monthly installment. It is a fixed amount which you pay every month towards your loan. It comprises of both, principal repayment and interest every month towards your loan. It comprises of both, principal repayment and interest  payment

 payment

When does the repayment start? When does the repayment start?

EMI payments start from the month following the month in which the full EMI payments start from the month following the month in which the full disbursement has been made

disbursement has been made

How is the EMI paid? How is the EMI paid?

The EMI is to be paid every month through post-dated cheques (PDCs) or Electronic The EMI is to be paid every month through post-dated cheques (PDCs) or Electronic Clearing System (ECS)*. If you are opting for PDCs, then you will have to provide 36 Clearing System (ECS)*. If you are opting for PDCs, then you will have to provide 36 PDCs upfront. The PDCs are to be dated on the 1st of every month. However, if you PDCs upfront. The PDCs are to be dated on the 1st of every month. However, if you receive your salary a few

receive your salary a few days later, days later, we provide the flexibility of dating the chequeswe provide the flexibility of dating the cheques for the 10th of the month. In case you have an ICICI Savings account you can also go for the 10th of the month. In case you have an ICICI Savings account you can also go in for the facility of Auto Debit.

in for the facility of Auto Debit.

What if a PDC bounces? What if a PDC bounces?

In the case of a

In the case of a bounced cheque or delayed pabounced cheque or delayed payment, charges and outstanding duesyment, charges and outstanding dues will be charged as per the prevailing company policy. You can replace old PDCs with will be charged as per the prevailing company policy. You can replace old PDCs with new ones within 5 - 7 working days.

new ones within 5 - 7 working days.

What is pre-EMI interest? What is pre-EMI interest?

In the case of part disbursement of the loan, monthly interest is payable only on the In the case of part disbursement of the loan, monthly interest is payable only on the disbursed amount. This interest is called

disbursed amount. This interest is called prepre-EMI interest (PEMI) and is payable-EMI interest (PEMI) and is payable monthly till the final disbursement

monthly till the final disbursement is made, after which tis made, after which the EMIs would commence.he EMIs would commence.

When do I pay PEMIs? When do I pay PEMIs?

The first PEMI is payable by cheque by the end of the month in which the The first PEMI is payable by cheque by the end of the month in which the

disbursement is made and each subsequent PEMI at the end of every month till the disbursement is made and each subsequent PEMI at the end of every month till the commencement of EMI. In case you have an ICICI Savings account you can also go commencement of EMI. In case you have an ICICI Savings account you can also go in for the facility of Auto Debit.

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